Went to the Melbourne presentation yesterday.
The US manager seems very experienced with a good track record and I like the idea of a local LIC as the vehicle. Don't disagree that infrastructure should form a portion of a balanced portfolio.
That said, their returns are not that much better than the index.
We will pay a management fee of 1.2% which is pretty high when the total return might only be around 8-9% at best.
I expect the float will be well supported by Argo shareholders and others but I am a little hesitant at present.
Would be great to see some other views.
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Last
$2.31 |
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0.020(0.87%) |
Mkt cap ! $410.6M | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.31 | $2.29 | $182.4K | 79.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21619 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 30275 | 2 |
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| Last trade - 15.59pm 15/07/2025 (20 minute delay) ? |
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