Argo Investments Limited (AU:ARG) has released an update.
Argo Investments Limited reported a slight increase in net tangible asset (NTA) per share from $9.39 in April to $9.44 in May 2024, with an after-tax NTA of $8.24, amidst a volatile Australian share market influenced by macroeconomic factors and strong AI-driven technology stock performance. The company, a low-cost, internally managed investment firm with a diversified portfolio and no debt, highlighted its consistent dividend payouts and strong historical performance. Argo Investments is looking forward to concluding its successful information meeting series in Perth, as it continues its long-term strategy to maximize shareholder returns.
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