Join our investing community

ARGO Investments Limited (ARG)

Discussion in 'Listed Investment Companies (LIC) and Trusts (LIT)' started by austing, 17th Sep, 2016.

Tags:
  1. austing

    austing Well-Known Member

    Joined:
    5th Jun, 2006
    Posts:
    386
    Location:
    north maleny
    Simon Hampel likes this.
  2. pinkboy

    pinkboy Member

    Joined:
    18th Sep, 2016
    Posts:
    11
    Location:
    Mackay, Qld
    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
     
    twisted strategies and austing like this.
  3. austing

    austing Well-Known Member

    Joined:
    5th Jun, 2006
    Posts:
    386
    Location:
    north maleny

    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.
     
    twisted strategies and pinkboy like this.
  4. trinity168

    trinity168 Active Member

    Joined:
    16th Sep, 2016
    Posts:
    32
    Location:
    NSW
    Hi, how do you find out when the SPP is happening?
    Also, what sort of timing to get in at $7.12?

    Thanks.

    upload_2016-9-18_21-41-11.png
     
    twisted strategies likes this.
  5. austing

    austing Well-Known Member

    Joined:
    5th Jun, 2006
    Posts:
    386
    Location:
    north maleny
    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.
     
    twisted strategies likes this.
  6. trinity168

    trinity168 Active Member

    Joined:
    16th Sep, 2016
    Posts:
    32
    Location:
    NSW
    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.
     
    twisted strategies likes this.
  7. austing

    austing Well-Known Member

    Joined:
    5th Jun, 2006
    Posts:
    386
    Location:
    north maleny
    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.
     
    twisted strategies likes this.
  8. trinity168

    trinity168 Active Member

    Joined:
    16th Sep, 2016
    Posts:
    32
    Location:
    NSW
    Yeah, long term buy and hold, as long as I can, preferably forever :cool: As long as ARG investment mandate stays the same.
     
    twisted strategies and Pippen like this.