Argo Investments announced that they are doing a share buy back...

Argo Investments announced that they are doing a share buy back in the order of around 22 million shares.

this will only occurr if the stock is trading at a significant discount to its NTA.

I would sugguest this is a stock that much be watched very very very very closely for long term investors.

The company has a warchest of spare cash and i have no doubt they will not be buying into the hype of stocks, they have a great track record, and for the last 20 years have beaten the index.


They are an LIC and a great stock if you want exposure to the whole market.

a drop into the 7's would be a great opportunity.

this is one stock that doesnt get too badly hit during rough times.

The further the market goes down the better because we know ARGO have the cash to be picking up bargains, and for long term holders that is great....