LIC & LIT ARGO Investments Limited (ARG)

Just to kick things off perhaps a thread for each LIC starting with ARG.

Lonsec Research Report:

http://www.argoinvestments.com.au/assets/docs/general/protected/ARG_2016.pdf

 

This week ARG hit 52 week low. Not quite to NTA discount level, but a good starting point and good topping up point at these levels.

pinkboy

 

Yes. Not sure how their current SPP will go. Current share price well below the DRP price so one is at the mercy of VWAP in the final week of the offer. And there's NO DISCOUNT.

I topped up at $7.12 last week.

 

Hi, how do you find out when the SPP is happening?
Also, what sort of timing to get in at $7.12?

Thanks.

 

You must own ARG to be able to participate in the SPP. In which case they should have posted / emailed the offer to you.

http://www.asx.com.au/asxpdf/20160909/pdf/43b2563btt5xfc.pdf

As for timing it's called luck mostly. Put a resting order in at $7.12 and hope for the best. Next week might see it over $7.20 or below $7.00, anyone's guess. These are volatile times.

 

I just bought last week so, did not make it to the cut off date. SPP could go either way, ave price from 22 Sept to 28 Sept.

Thanks.

 

No big deal as there's no discount with this SPP. Only saving is brokerage. If ARG gets around $7 it'll be around fair value at this time. If you're a long term investor the current pricing is better than it's been for sometime.

 

Yeah, long term buy and hold, as long as I can, preferably forever As long as ARG investment mandate stays the same.