ARG 1.03% $8.79 argo investments limited

selling well below asset value

  1. 3,637 Posts.
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    Net Tangible Asset backing per share (NTA):
    Company Profile:
    Argo was established in 1946 and is a long-term
    investment company listed on the Australian
    Securities Exchange (ASX code: ARG).
    Argo shares offer investors a professionally
    managed entry to the share market.
    The Company has no debt and has a market
    capitalisation of $4.3bn, which places it within
    Australia’s top 100 listed companies.
    Argo’s objective is to maximise long-term returns
    to shareholders through a balance of capital and
    dividend growth from a diversified Australian
    investment portfolio.
    Investment Process:
    Argo uses extensive research and direct company
    visits to identify well managed, listed Australian
    businesses that operate in sound industries, have
    good cash flow and the potential to grow
    dividends.
    The Company seeks to buy or add to its long-term
    holdings in those businesses at times when share
    prices compare favourably to long-term
    valuations.
    Low Management Costs:
    Argo is internally managed and does not charge
    fees to shareholders.
    This internal management structure helps to
    maintain low operating costs. For the year ended
    30 June, 2012, total operating costs were 0.18% of
    average assets at market value.
    Dividends:
    Argo has paid dividends every year since its
    inception. In the past 12 months Argo has paid
    two fully franked dividends to shareholders -
    2012 final 13.0 cents per share
    2013 interim 13.0 cents per share
    Share Registry enquiries:
    Computershare Investor Services Pty. Limited
    www.investorcentre.com
    Telephone 1300 350 716
    Post GPO Box 2975 Melbourne VIC 3001
    The NTA as at 30 April, 2013 was $6.91 per share.
 
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Last
$8.79
Change
0.090(1.03%)
Mkt cap ! $6.815B
Open High Low Value Volume
$8.74 $8.83 $8.72 $1.855M 211.6K

Buyers (Bids)

No. Vol. Price($)
2 8374 $8.76
 

Sellers (Offers)

Price($) Vol. No.
$8.79 835 1
View Market Depth
Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
ARG (ASX) Chart
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