Snapshot
Argo
5.13% dividend or 3.66% franked
Pe ratio 18.57
Realistic Pe ratio 14 or 7.14% return expressed as a percentage.
Bank rates rising to 3% to 3.5% return on fixed deposits.
Increased expectations of returns of 7% in ASX listed companies to pre covid level.
Expected fall in most asx listed companies to pe ratio of 14.
Market expectations of 3 to 4% above the bank rate to around 7%
Likely Consequence for ARG
Around 25% drop in share price.
Worst case scenario for ASX
1. Fall of pe to 14
2 Drop in profit of 30% in a recession
Worst case scenario for ARG Pe ratio of 10 $4.77
Price target $6.80
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Last
$8.90 |
Change
0.050(0.56%) |
Mkt cap ! $6.800B | |||
| Open | High | Low | Value | Volume |
| $8.87 | $8.91 | $8.85 | $1.454M | 163.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9356 | $8.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.90 | 8893 | 2 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| ARG (ASX) Chart |