Argo used to trade above net tangible assets but has been falling below in recent times.
It is currently $5.87 against NTA (ex tax) of about $6.20 (based on $6.06 as at 30/9 and assumed increase since then based on rise in ASX 200).
That makes the discount now 5%.
Why pay retail when the market is on sale at a 5% discount?
You can make large amounts on small margins on stocks like this because the risk is much lower as you have both diversity and greater certainty of valuation.
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Last
$9.27 |
Change
0.070(0.76%) |
Mkt cap ! $7.054B | |||
| Open | High | Low | Value | Volume |
| $9.18 | $9.30 | $9.17 | $3.002M | 325.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11 | $9.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.30 | 29413 | 9 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| ARG (ASX) Chart |