Argo Investments Limited (AU:ARG) has released an update.
Argo Investments Limited reported a positive net tangible asset (NTA) per share increase from $9.44 in May to $9.61 in June 2024, amidst a volatile Australian stock market influenced by macroeconomic factors and potential interest rate hikes. The company highlighted strong performances from large-cap stocks, particularly in the banking sector, while the mining sector lagged due to declining iron ore prices. Argo Investments prides itself on a long-standing, low-cost investment strategy and a diversified portfolio, aiming for long-term shareholder returns with a history of consistent, fully franked dividends since 1946.
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