What is the reasoning behind ARG holding shares in other LICs? In the lastest NTA announcment ARG announced they had large holdings in the following LICs
Milton Corporation Ltd. $182.7million
Australian United Investment Company Ltd. $122.1million
Was it a case of Argo seeing MLT AUI trading well below NTA so they took advantage?
I also have noted AFI have a sizeable stake in MLT.
To me LICs holding other LICs would suggest at some stage they may have thought about a full merger. I am not suggesting any mergers will happen. Any thoughts on this?
arg holdings
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Last
$8.61 |
Change
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Mkt cap ! $6.554B | |||
| Open | High | Low | Value | Volume |
| $8.67 | $8.68 | $8.61 | $1.355M | 157.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 29058 | $8.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $8.63 | 126 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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$8.61 |
Change
-0.040 ( 0.70 %) |
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| Open | High | Low | Volume | ||
| $8.68 | $8.68 | $8.61 | 42598 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| ARG (ASX) Chart |