Argo Investments stock advances buy-back as NTA rises to AUD 11.09
Published on 11/10/2026 at 03:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBuy-Back And Asset Backing Advance
- Argo Investments repurchased another 105,000 shares under its on-market program on November 9.
- Estimated pre-tax net tangible asset backing rose to AUD 11.09 per share from AUD 11.03 a week earlier.
- The October portfolio update showed an 8.3 percent six-month NTA return after costs and tax adjustments, ahead of the index return.
Argo Investments continued its capital-management program on Monday, November 9, with a further 105,000 shares bought back on market. The update, summarized by LiveASX, lifted cumulative purchases under the program to about 7.7 million shares.
The company has authorization to repurchase up to 37 million shares, leaving roughly 29.3 million shares available under the facility, according to the same update. The purchases keep the focus on capital allocation after Argo renewed the on-market program for another 12 months in late October.
Net Tangible Assets Move Higher
Argo's estimated pre-tax net tangible asset backing increased to AUD 11.09 per share from AUD 11.03 the previous week. That movement followed a stronger October for the portfolio, when the company said its NTA after costs and adjusted for tax paid gained 8.3 percent over the six months to October, compared with 4.6 percent for the S&P/ASX 200 Accumulation Index.
The monthly update also put pre-tax NTA at AUD 11.03 per share on October 31, up from AUD 10.80 at the end of September. The after-tax figure, which provides for estimated tax on unrealized portfolio gains and losses, rose to AUD 9.37 from AUD 9.22.
Portfolio Supports Dividend Model
Argo is a listed investment company that owns a diversified portfolio of Australian equities. Its revenue comes primarily from dividends and distributions received from portfolio companies, while its objective is to provide long-term shareholder returns through fully franked dividend income and capital growth.
The company describes itself as one of Australia's oldest and largest listed investment companies, with exposure to around 80 Australian listed companies. Its portfolio includes BHP, Macquarie Group, Commonwealth Bank of Australia, Rio Tinto, ANZ Group, CSL and Wesfarmers, giving Argo a broad large-cap orientation rather than a single-sector operating profile.
Argo Investments stock traded at AUD 9.46 on ASX at 03:29 CET on Tuesday, November 10, 2026. The quote was current while the Australian market was open.
Argo Investments at a glance
- Company: Argo Investments Limited
- ISIN: AU000000ARG4
- ASX code: ARG
- Latest quote: AUD 9.46 on Tuesday, November 10, 2026, at 03:29 CET
- Estimated pre-tax NTA: AUD 11.09 per share on November 9, 2026
- Founded: 1946
Australian equities gained in October as the S&P/ASX 200 recovered from recent declines, although inflation concerns and tighter monetary policy continued to shape sentiment.
