ARG 0.11% $8.80 argo investments limited

Looking at the chart for ARG it peaked at $8.90 in early...

  1. 92 Posts.
    Looking at the chart for ARG it peaked at $8.90 in early February. I suspect as a result of people buying for the rights issue. Since then it has been on a downward run. Will it hang around the $7.60 area or go lower yet?

    The other question I have is having a PE of 25 and div yield of 3%, is that exspensive for a stock like ARG? A PE so high implies a growth stock. Looking at it another way who would be buying ARG for a yield of 3%.

    Any thoughts would be most welcome.
 
watchlist Created with Sketch. Add ARG (ASX) to my watchlist
(20min delay)
Last
$8.80
Change
0.010(0.11%)
Mkt cap ! $6.815B
Open High Low Value Volume
$8.85 $8.85 $8.75 $2.880M 327.5K

Buyers (Bids)

No. Vol. Price($)
1 5100 $8.79
 

Sellers (Offers)

Price($) Vol. No.
$8.80 46096 6
View Market Depth
Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
ARG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.