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ARGO INVESTMENTS LIMITED (ARG)

ARGO INVESTMENTS LIMITED (ARG)

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General Information
Company Name: Argo Investments Limited
Stock Code: ARG
Website: www.argoinvestments.com.au
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 3,192
Equiv. Shares (M): 626

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 5.100 $ 5.070 $ 5.130 $ 4.970 $ 5.050 266,485 $ 0.050  0.990 %

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 4th Aug 2009
12 Month Target Price (average): $0
Brokers Surveyed: 1

Company Overview

Business Description:
Argo Investments Limited (ARG) is an investment company, focusing on long-term investments in the Australian market.

Strategy Analysis:
Argo aims to provide steady returns secured by a spread of investments over a wide range of the Australian economy. The portfolio contains investments in about 130 companies and trusts representing a cross section of Australia’s enterprises, including a number with substantial overseas operations. A long-term investment philosophy is adopted in selecting the portfolio which extends beyond the larger companies to include smaller companies where there is good quality management and prospects for sound earnings growth.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A 172.1 28.1 7.7 21.3 26.0 4.3 100.0
2010  A 153.9 26.1 7.0 24.7 25.0 3.9 100.0
2009  A 141.2 24.4 -53.1 24.3 27.0 4.6 100.0
Source: Morningstar analyst estimates.

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Argo Investments (ARG) $3,161 M 0.0802 -- -- 17.9460 -- -- 0.0515 -- --
Challenger (CGF) $1,847 M 0.1261 0.0374 0.0473 7.0270 6.7735 6.4677 0.0488 0.0524 0.0568
IOOF (IFL) $1,273 M 0.1448 -0.0970 0.1136 11.5273 12.7650 11.4629 0.0776 0.0704 0.0738
Macquarie Group (MQG) $9,112 M -0.2667 0.2384 0.2555 12.9214 10.4339 8.3105 0.0536 0.0588 0.0713
Platinum Asset Mgmt (PTM) $2,139 M 0.1281 -0.1448 0.0133 14.4757 16.9258 16.7032 0.0656 0.0528 0.0557

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
ARG 0.85 18.1 0.92 --
Market 1.12 11.1 0.96 2.31
Sector 0.94 12.3 0.82 3.30

Directors
Name Position Start Date
Ms Joycelyn Morton -- 01 March 2012
Mr Robert John Patterson Managing Director 25 October 2011
Mr Geoffrey Ian Martin Non-Executive Chairman 28 October 2004
Mr Robert Tom Rich Non-Executive Deputy Chairman 24 August 1992
Mr Russell Allan Higgins Non-Executive Director 01 September 2011
Ms Anne Bernadette Brennan Non-Executive Director 01 September 2011

Management
Name Position
Jason Beddow Chief Executive Officer
A.B. Hill Chief Financial Officer
Brenton Raymond Aird Chief Financial Officer,Company Secretary
Tim Binks Company Secretary
C.C. Hall Senior Investment Officer

Calendar of Events
Date Event
04 February 2013 Report (Interim)
19 September 2012 Report (Annual)
06 August 2012 Report (Prelim)
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