"big swing down from above $9 recently"
It never should have traded at $9.
There is no reason to pay more than pre-tax NTA for a LIC like Argo (and less for the cr*ap ones).
Argo's NTA in May was $8.27
The share price shot up to $9 leading up to the 1-8 rights issue in February @ $7.20
AT the time NTA was known to be $7.70
The $9 share price was crazy even after you take the rights issue entitlement into account.
clark kent .. an argo question, page-2
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Last
$8.79 |
Change
-0.010(0.11%) |
Mkt cap ! $6.691B | |||
| Open | High | Low | Value | Volume |
| $8.78 | $8.81 | $8.76 | $1.550M | 176.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12928 | $8.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.79 | 3009 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| ARG (ASX) Chart |