Tag: ASX:COL

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.

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.

Coles Group has rallied over 15% from the recent Algo Engine buy signal. Investors should consider taking profit and reallocating into other oversold opportunities.

Coles Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model.

We see support for Coles at $14.00

Coles Group is under Algo Engine buy conditions following the August buy signal at $13.00.

Since then Coles has rallied to $16, supported by investor enthusiasm for the aggressive cost-cutting program.  As the stock price settles back we highlight the $14.50 level, as an area where value will again re-emerge.

Buy Coles within the $14.00 to $15.00 price range.

Coles Group is under Algo Engine buy conditions and is a current holding in the ASX 100 model portfolio.

1Q sales results are tracking in line with guidance and we continue to see a relatively flat revenue and profit growth outlook for the Coles business.

FY20 revenue $39bn, EBIT $1.2bn and reported profit forecast is around $830mn. This places the stock on a forward yield of 3.2%, which looks like full value.

Adding an out-of-the-money covered call will help boost the cash flow returns to almost 10% per annum. For more detail on the strategy, please call our office on 1300 614 002.

Coles Group remains under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. 

The share price has rallied 6% over the past week and we now recommend selling covered call options to enhance the income return.

COL goes ex-div $0.24 on the 28th of August.

Coles Group is under Algo Engine buy conditions and is now a holding in our ASX 100 model portfolio.

FY19 profit fell 9% to $1.43b, which was down from $1.58 the previous year.

The company declared a final dividend of $0.24 and a special dividend of $0.115.

We see support for the share price at $13, underpinned by the extensive cost-cutting program announced in the last quarter. Target cost savings over the next 3 – 5 years exceed $1 billion dollars.

Coles Group has been a stand alone listed business since November 2018, after being spun-out of Wesfarmers.

The financial performance to date has been patchy at best and the recent Coles Strategy Day highlights were the confirmation of the dividend payout of 80-90% for FY19, (which translates to an estimated $0.55 per share or 4.1% yield) and the $1bn cost out program.

We forecast flat earnings and revenue growth into FY20 and suggest investors sell a covered call option to enhance the income return.