Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Tuesday, 4 August 2015

Argo delivers

Difficult trading environment or not, Argo Investments (ARG) came up with the goods this reporting season.

Reported revenue was up by 14.8 per cent to $241.9 million, while profit was up by 16.5 per cent to $228.1 million.

As at 30 June 2015, ARG had net asset backing of $7.52 per share (the closing share price yesterday was $8.29 for a market capitalisation of $5.5 billion).

The final fully franked dividend will be 15.5 cents payable on 2 September 2015, to follow on from the interim fully franked dividend of 14 cents.

This adds to an already impressive dividend history for the company. 

Argo has paid out dividends every year since it was established in 1946.


Why has Argo performed well through this tough period for investors?

Through avoiding chasing short term profits and investing in a diversified portfolio of quality companies for the long term and the cumulative impact of their results.

The costs of managing the portfolio or management expense ratio (MER) equated to just 0.15 per cent of average assets under management in the last financial year (compare that to what you are being charged in your super fund).

Argo offers a dividend reinvestment plan (DRP), such that $10,000 investment in ARG on 1 July 1999 would have been worth $42,591 by 30 June 2014.

Generally speaking Argo's portfolio has not been weighted towards resources companies. 

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Disclaimer: This blog does not represent financial advice. See a financial advisor before buying any investments.