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Argo Investments Limited ( (AU:ARG) ) has provided an announcement.
Argo Investments Limited has released its estimated pre-tax net tangible asset (NTA) backing per share and share price as of Friday’s market close, with the figures being unaudited and approximate. The company emphasizes its diversified, low-cost, and internally managed structure, boasting a strong balance sheet with no debt, an experienced board, and sustainable fully-franked dividends. The announcement underlines Argo’s commitment to a long-term, proven investment approach and highlights its position within the financial market, potentially impacting stakeholder perceptions positively.
More about Argo Investments Limited
Argo Investments (ASX code: ARG) is one of Australia’s oldest and largest listed investment companies (LICs), established in 1946 in Adelaide. As a top 100 ASX company, Argo manages over $7 billion for approximately 93,000 shareholders.
YTD Price Performance: 2.38%
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on ARG stock on TipRanks’ Stock Analysis page.
