TWE reiterated its forecast for 25% EBIT growth in FY19. This is in-line with market consensus and is positive for the share price.
TWE is likely to consolidate within the $14.50 to $15.50 price range. At the upper end of the range, we suggest investors look to add a “covered call”.
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Example – April $15.50 call is collecting 55 cents per share. TWE also goes ex- div 15 cents on the 7th of March.
