Premium / Discount to NTA
Share price relative to net asset backing (NTA) per share
Argo shares sometimes trade at a premium or discount to NTA, mainly due to fluctuations in buying and selling of Argo shares and investor sentiment toward Argo shares. The graph below shows the fluctuations in the month end premium or discount to NTA over time.
On 30 June 2019 the share price closed at a discount of 3.6% to NTA per share on that date.