This is my first ever post on any forum board!!! ever!! so get excited
I arrived here as a result of lurking around Propertyinvesting.com and somersoft and so recognise quite a few names around here, but as I am not interested in property (at the moment) I have decided to start investing in shares. I have just started purchasing in the past month and currently have;
2000 AMC (@ $7.28)
4800 ARG (@ $4.88)
300 NAB (@ $26.40)
517 BHP (given by a great grandmother - had since I was a born)
Also I bought and sold ION for a $300 loss. I am planning to hold all of these for the long term.
My question regarding ARG (Argo Investmnets - Listed Investment Company) is this; Currently ARG as trading around 4.85 - 4.89. On Aug31 they reported that net tangible asset backing was 4.91 (excluding capital gains liabilities). So they are trading a little below NTA. However their largest shareholding Maquarie Bank (MBL) has risen around 13% since Aug31 as well as a number of other large shareholdings and ARG has not moved ?????????? I don't care in the short term because I wish to hold these for a long period, I am just curious