Woolworths Group is under Algo Engine buy conditions.
Woolworths saw a 2.1% fall in sales in the March quarter and the company is forecasting a further fall in the June quarter.
We are looking to buy the dip in the share price, with support likely to build between $38 & $39.50
Woolworths Group is under Algo Engine buy conditions.
Woolworths saw a 2.1% fall in sales in the March quarter and the company is forecasting a further fall in the June quarter.
We are looking to buy the dip in the share price, with support likely to build between $38 & $39.50
Woolworths Group is under Algo Engine buy conditions.
Woolworths saw a 2.1% fall in sales in the March quarter and the company is forecasting a further fall in the June quarter.
We are looking to buy the dip in the share price, with support likely to build between $38 & $39.50
Woolworths Group has been trading sideways in 2020 within the $35 to $40 price range. This provides a trading range for investors to consider or alternatively, selling calls at the upper band to generate extra cash flow.
On a valuation basis, using 10% EPS growth into 2022, it supports a 3% fully franked dividend yield and places the stock on a 34x forward PE ratio.
Woolworths Group is under Algo Engine buy conditions and we recommend investors look to accumulate the stock near $34.50
Woolworths Group is a suitable buy-write opportunity where investors are looking to generate income.
WOW goes ex-div $0.57 on the 3rd of September.
For more detail on the options strategy, please call our office on 1300 614 002.
After trading out of the ‘long” Woolworths and Coles positions at higher levels, we again begin tracking the approaching entry-level in these names.
Both have started to correct lower and we expect to see an appealing entry-level present this week.
laches
Woolworths Group is now under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Woolworths rallied $3.00 off today’s session lows. We see Woolworths as a safe harbor in the current market sell-off.
WOW goes ex-div $0.50 on the 13th of September.
Coles Group is under Algo Engine buy conditions and is now up 21.88% since being added to the ASX 100 model portfolio back in August last year.
We have since had a further higher low formation at $15 and new buying support is building.
We see limited upside based on the current valuation and investors are advised to apply a covered call strategy to enhance the income return. For more details on the strategy, please call 1300 614 002.
Woolworths Group was added to the model in August 2018 and is now up 38.29%
Woolworths Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
The company is conducting a $1.7 billion off-market buyback which is 7 to 8% earnings accretive on an after-tax basis. Australian superannuation funds on a 15% tax rate are set to benefit from the off-market buyback.
Woolworths is trading on 23x FY20 earnings, which partly reflects the value of the off-market share buyback. If we assume the buyback is creating up to $2.00 of added value, fair value post the buyback, is sub $30.
Even at $29 – $30, it places WOW on 21x FY20 earnings and 3.1% dividend yield.
This places the stock at a very high valuation relative to the long-term average.
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