Argo Investments Limited ( (AU:ARG) ) has issued an update.
Argo Investments Limited reported its estimated pre-tax net tangible asset (NTA) backing per share and share price as of February 28, 2025. The company highlights its diversified, low-cost, and internally managed investment approach, supported by a strong balance sheet with no debt and an experienced management team. This announcement underscores Argo’s commitment to providing fully-franked, sustainable dividends and maintaining a long-term investment strategy, which is likely to reassure its stakeholders and reinforce its position in the market.
More about Argo Investments Limited
Argo Investments Limited, established in 1946 in Adelaide, is one of Australia’s oldest and largest listed investment companies (LICs). It is among the ASX’s top 100 companies, managing over $7 billion for approximately 93,000 shareholders.
YTD Price Performance: 2.66%
Technical Sentiment Consensus Rating: Hold
For an in-depth examination of ARG stock, go to TipRanks’ Stock Analysis page.