Although we don’t have a current Algo Engine buy signal in IAG, the stock is in the ASX 50 model portfolio from the original higher low pattern in 2017.
The recent share price retracement, from $8.70 back to yesterday’s low of $7.84, means we have the stock on our radar again.
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Strong earnings growth, 5% fully franked dividend yield and an increase to the share buy back program should provide a floor under the share price.
We see IAG as a solid “buy/write” opportunity delivering 10 – 12% annualised cash flow.
IAG
