Argo Investments
| Company type | Public |
|---|---|
| Industry | Investment management |
| Founded | 1946 in Adelaide, South Australia, Australia |
| Founder | Kevin Ward QC, Alf Adamson |
| Headquarters | Adelaide , Australia |
Area served | Australia |
| Products | Investment portfolio management, Listed Investment Company (LIC) |
Argo Investments Limited is an Australian listed investment company (LIC) that is publicly traded on the Australian Stock Exchange (ASX). The company oversees a varied portfolio aimed at achieving profitability and sustained growth while maintaining cost efficiency. As of 2007, Argo ranks as the second largest LIC in Australia.
The firm's investment strategy mainly involves acquiring shares in other companies listed on the ASX.[1]
Establishment and history
Originating in Adelaide, South Australia in 1946, Argo was founded by solicitor Kevin Ward QC and chartered accountant Alf Adamson, establishing a rich legacy in investment management. Notably, Donald Bradman held the position of chairman from 1982 until 1984.[2]
During the early 1990s, Argo expanded its holdings by acquiring Schroder Dual Fund in 1990 and Stoddarts Holdings in 1992. It played a key role in founding LICs such as Bounty Investments Ltd and Wakefield Investments Ltd, retaining ownership interests in both entities. In 2001, Argo completed mergers with Bounty and Wakefield through share exchange offers that enabled shareholders to postpone capital gains tax obligations.
The company routinely discloses its top 20 equity holdings along with the Net Tangible Asset backing per share (NTA) via its Monthly NTA newsletters.
Investment philosophy
Argo adopts a prudent investment approach by holding a diversified selection of publicly listed Australian companies. It boasts a consistent history of distributing dividends biannually, with the total dividend for the 2017 financial year amounting to 31 cents per share.
Argo Global Listed Infrastructure (AGLI)
To facilitate investments in overseas companies, Argo established Argo Global Listed Infrastructure (AGLI), a distinct ASX-listed entity (ticker ALI) launched on 3 July 2015. This vehicle offers investors consolidated income derived from international holdings. Management of AGLI is conducted by ASCO, a fully owned subsidiary of Argo.
References
- ↑ "About The Company". Argo Investments. Retrieved 20 April 2018.
- ↑ "Company history". Argo Investments. Retrieved 20 April 2018.