as asx arg industry diversified investments founded adelaide australia 1946 1946 headquarters adelaide australia key people robert patterson ceo revenue a 134.6 million 2006 net income a 123.1 million 2006 website argoinvestments.com.au argo investments limited is an australian listed investment company lic which trades its shares on the australian stock exchange asx . their diversified portfolio of shares are selected for profitability and long term growth prospects at cost effective prices . as of 2007 update it is the second largest lic in australia . argo invests predominantly in shares of other companies listed on the australian stock exchange and itself constitutes 0.29 % of the all ordinaries index . 1 establishment and history edit argo investments limited was established in adelaide south australia in 1946 by alf adamson a chartered accountant who had previously worked on company valuations . sir donald bradman was chairman of the company for many years . in 1990 argo acquired investment company schroder dual fund ltd and in 1992 it acquired stoddarts holdings ltd. argo was involved in the establishment of other lics including bounty investments ltd and wakefield investments ltd both of which argo maintained an investment in . in 2001 argo merged with both bounty and wakefield after making successful takeover offers for both on the basis of offering argo shares in exchange for shares in the companies being acquired . these terms of acquisition allowed bounty and wakefield shareholders to be relieved from liability to pay capital gains tax on the disposal of their shares . by 30 june 2010 the company s principal investments were a 266.1 million stake in bhp billiton 183.6 million in westpac banking corporation 159.6 million in rio tinto group 132.8 million in macquarie group and 132.1 million in wesfarmers . 2 investment philosophy edit argo has maintained a conservative investment philosophy holding a diversified portfolio of investments in a large number of australian listed public companies . it has historically paid regular semi annual dividends to shareholders with the 2010 full year dividend being 25 cents per share . 3 references edit argo investments limited profile login required . e trade australia . retrieved 2007 05 06 . argo investments profit rise . herald and weekly times . 2 august 2010 . retrieved 23 december 2010 . dividends paid since 1986 pdf . argo investments . retrieved 23 december 2010 . retrieved from https en.wikipedia.org w index.php title argo investments & oldid 681012913 categories investment companies of australiacompanies based in adelaidehidden categories articles containing potentially dated statements from 2007all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 14 september 2015 at 16 58 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view