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The latest update is out from Argo Investments Limited ( (AU:ARG) ).
Argo Investments Limited has announced its estimated pre-tax net tangible asset (NTA) backing per share as $10.02 and the share price as $8.78 as of Friday’s market close. The company highlights its diversified, low-cost, and internally managed investment approach, backed by a strong balance sheet with no debt, experienced management, and a commitment to fully-franked, sustainable dividends. This announcement reinforces Argo’s long-term, proven investment strategy, potentially strengthening its position in the market and providing confidence to its stakeholders.
More about Argo Investments Limited
Argo Investments (ASX code: ARG) is one of Australia’s oldest and largest listed investment companies, founded in Adelaide in 1946. It is among the ASX’s top 100 companies, managing over $7 billion for more than 90,000 shareholders.
YTD Price Performance: 3.57%
Technical Sentiment Signal: Sell
For an in-depth examination of ARG stock, go to TipRanks’ Stock Analysis page.