Argo Group Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9426836 http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=9426836&action=detail Wed, 14 Mar 2012 06:54:00 GMT Brown Bull tag:iii.co.uk,2003:tst.8369902
1) Prior to the first repurchase on 30/03/2010 there were 76,934,620 shares in existence. After the latest repurchase on 07/06/2011 there are currently 70,253,494 shares. That means that the number of shares has shrunk by approximately 9% over the last 14 months. This is a significant factor and bodes well for future eps figures.

2) The directors hold a 35% stake in the company, so their interests are clearly in line with shareholders.

3) The threat of litigation now appears to have ended.

4) The latest accounts showed a satisfactory year in difficult circumstances.

5) The shares yield around 9%.

On a negative point, I do think the company could improve on the communication front. The odd trading update between the interims and finals would not go amiss.
By one derer ]]> http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=8369902&action=detail Thu, 09 Jun 2011 09:06:00 GMT one derer tag:iii.co.uk,2003:tst.8198608 http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=8198608&action=detail Tue, 03 May 2011 12:08:00 GMT davydoo tag:iii.co.uk,2003:tst.8197861
Ive just been looking at this;

http://www.cod.uscourts.gov/Seal.aspx

Cant see anything filed in the last few days of the month, but unfortunately dont seem to be able to look back any further. By davydoo ]]> http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=8197861&action=detail Tue, 03 May 2011 10:22:00 GMT davydoo tag:iii.co.uk,2003:tst.8191174 Would it make a major difference to the company or is it just one of them silly court cases that occur because someone is unhappy with a tiny detail? By rlindsey2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=8191174&action=detail Fri, 29 Apr 2011 14:06:00 GMT rlindsey2 tag:iii.co.uk,2003:tst.8183718 By davydoo ]]> http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=8183718&action=detail Wed, 27 Apr 2011 20:07:00 GMT davydoo tag:iii.co.uk,2003:tst.8065080 http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=8065080&action=detail Fri, 01 Apr 2011 09:59:00 GMT one derer tag:iii.co.uk,2003:tst.7964622 http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=7964622&action=detail Mon, 14 Mar 2011 22:50:00 GMT davydoo tag:iii.co.uk,2003:tst.7615621 http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=7615621&action=detail Sat, 15 Jan 2011 11:26:00 GMT davydoo tag:iii.co.uk,2003:tst.6958882
"In addition the directors authorised the repurchase of 750,000 shares on 6 April 2010 and 1,518,126 shares on 3 June 2010 at respective purchase prices of US$0.20 and US$0.18 per share."

These are fairly significant purchases as the shares in issue now total 74,663,494. The yield on these is roughly 8%, based on last years 1 pence dividend, so worth holding for the income. However, on the downside, there is the Colorado litigation and the fact that the company do not exactly bombard us with information, trading updates and the like.

I am in from my disastrous investment in ACMH and received a number of these free when Argo split. Have since quintupled my holding but never expect to have more than a modest stake in this entity. By one derer ]]> http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=6958882&action=detail Thu, 23 Sep 2010 13:48:00 GMT one derer tag:iii.co.uk,2003:tst.6957959 Now they said they might spend $2 million buying back there share, am i correct in saying that? well if i am, i believe i read that in a RNS then they have only bought back around a quarter of that amount so far which is always good as it makes everyone richer without us having to pay a penny.
Hope i get some views of any of you that are invested here, as i no its a quite board so might just be talking to myself By rlindsey2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=6957959&action=detail Thu, 23 Sep 2010 12:13:00 GMT rlindsey2 tag:iii.co.uk,2003:tst.6795916
- little erosion of FUM and revenue in a challenging environment
- ARgo managed to stay profitable delivering around 700k pounds in net profit which is a good performance as investment income from its argo fund holdings was nil.
-That puts the group on an annualized PE of 6.7X
- The group remains cash holding more cash han its market cap with 25.8M USD of cash and investmentsin its funds. That is equivalent to 22p per share.

Just have one thing to say : buy as the share price is nearly half the amount of cash held by the company. The company has been repurchasing progressively some shares which has increased the NAV. By goldenarrow1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=6795916&action=detail Fri, 20 Aug 2010 09:39:00 GMT goldenarrow1 tag:iii.co.uk,2003:tst.6666183 http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=6666183&action=detail Fri, 23 Jul 2010 17:11:00 GMT Brown Bull tag:iii.co.uk,2003:tst.6254763
I think I'll wait to see if I can pick them up at about 12.5p - 13p. By Brown Bull ]]> http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=6254763&action=detail Mon, 26 Apr 2010 12:35:00 GMT Brown Bull tag:iii.co.uk,2003:tst.6181314 I am quite happy to retain a small investment, but would be very wary of committing any more. By Optimist13 ]]> http://www.iii.co.uk/investment/detail?code=cotn:ARGO.L&display=discussion&id=6181314&action=detail Tue, 06 Apr 2010 18:40:00 GMT Optimist13