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Argo Group Share Discussion Threads
Showing 201 to 224 of 225 messages
|Well, it's going to be difficult with us lurking on the bid... Still watching ALF as well...|
|Picked up a few last week. Very illiquid, and directors have 50%, but yes extremely cheap on an asset basis; valued at only 40% of net working capital.
From the previous buybacks it looks like they are not interested in buying back any unless they can get at least a 100K.|
|When are they going to get on with the buyback then? They've only spent a fraction of the £2m...|
|I didn't struggle to buy some?|
|Buyback finally on the go again!|
|Looks like they are struggling to find any shares to buy...|
|What's the nav in pence per share?|
|Am I too late to the party here? Any target prices?|
|Jeroen Bos is a great deep value fund manager protégée of Peter Cundhill.
I think he sold out at 10p but am not sure.
Let he who has never made a mistake in value investing throw the first stone.|
|"Sorry wrong thread...."
Hey, no worries. PMR looks cheap now. 1/2 book. Losses halted. New ceo seems to be turning the company around. But I hate brokers which is why PMR is a Deep value play...
Some so called value investors must be feeling poorly now that they have sold out of argo at 10p. It was hard to hold. Laziness helped me to hold....
My faith in value investing is being restored by Argo after accumulating a few value traps lately.
Did Joeron Bos from Church House sell his Argo at 10p? Shocking if true!....|
|Sorry wrong thread....|
|EGM resolutions passed, no info on what they actually were?! Don't all shareholders have a right to know what they voted on?|
|They have been talking about increasing AUM for years. If they can do it then this will not be just a winner but a grand slam home rum. I wonder if the Rialas' increasing their percentage interest in the company will increase their motivation to get it done (maybe by merger?)
as they state, they do not have enough AUM to cover overhead. Something has to be done at some point.
50 cents US / 37.5 p tNAV/share. WOW!
I last voted against the buyback but was wrong and want this second buyback to go through and hope they are able to buy buy back a lot of stock cheaply.|
|Interesting times and with ARGO capped at £6 million, a £2 million buy back is going to have a big effect|
|Good results were expected given the second buyback announcement recently. Imagine the buyback vote will pass again, anyone currently holding seems content to have the Rialas brothers with a majority stake, most of the frustrated/distrusting holders got out last time.
Given the vote passes next week, very much doubt the company will again be able to buy large blocks of shares at heavily discounted prices, bid will need to be raised significantly to entice a lot of stronger holders who know its true value to cash out. Interesting times ahead.|
|Yes and do not forget there is a £2 million share buy back to come which will force up the net asset value massively.|
|Just shows how ridiculously under valued it is. Now at a discount to cash and only 32% of tNAV. Guess it shows how much suspicion there is of the intentions of the Rialas brothers. The longer nothing happens the more that will pass. This should be at least double this price...|
|This has been on my watchlist for a while. Bought in today at 11p on these stunning results. Stunning.|
|Contact the NOMAD if they arent keeping accurate holding records - its an AIM requirement...
Not a holder here, but curious...|
|What can we expect to happen?|
|The Argo web site discloses 5 significant holdings (all nominee accounts) which amount to 97.2%. Assuming Kloter's shares aren't one of those, that would take it to 99.2%. It's not good that Argo clearly aren't updating shareholder data or announcing significant changes...|
|Safe to assume Church House has fully exited its ARGO stake - the latest Deep Value interim report basically confirms this:
I can also confirm Dave Barry has fully exited his ARGO stake. As have I, as detailed in my most recent post: