Sonic Healthcare – Buy Write 10% cash flow

Sonic Healthcare is under Algo Engine buy conditions and is a current holding within the ASX 100 model portfolio.

SHL has strengthened its US footprint with the purchase of Aurora Diagnostics for US$540m, (A$750m), mainly funded with up to a A$700m equity raise.

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The placement is priced at A$19.50/share, an 8.8% discount to the last
close price.

FY19 revenue $6.2bn, EBITDA $1.1bn, net profit $5.30mn, EPS $1.22, DPS$0.90 places Sonic on a forward yield of 4.5%

We recommend buying Sonic Healthcare and selling a covered call option to enhance the income.

 

 

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