Many of the LICs, do SPP to build up their market cap over time giving shareholders a chance to continue to build up their holding, brokerage free and usually with a discount. Most years ARG have a SPP. I normally participate each time and is a good way build up a share portfolio at a discount with no brokerage fees. ARG also increase their fees as ToH mentioned without increasing their MER. Win - Win. Better than the unlisted funds which charge for a fee for increasing your investment with a higher MER.
Though could have got some today at $7.12, but still happy
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Last
$9.18 |
Change
-0.020(0.22%) |
Mkt cap ! $6.985B | |||
| Open | High | Low | Value | Volume |
| $9.19 | $9.20 | $9.17 | $1.222M | 133.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 17179 | $9.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.19 | 13308 | 4 |
View Market Depth
| Last trade - 12.03pm 29/07/2025 (20 minute delay) ? |
| ARG (ASX) Chart |