Coles – Value Emerging

Coles Group is under Algo Engine buy conditions and the recent pullback to $15.00 provides an attractive entry-level.

Coles reported March quarter sales with total supermarket sales growth up a record 14%.  With the stock trading on a forward dividend yield of 3.5%, we expect the share price to remain well supported.

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Buy Coles and consider selling a covered call option to enhance the income return.

For more details on the option strategy, please call our office on 1300 614 002.

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