On 30 June 2016, a buy signal was posted on SGR.ASX with an entry price of $5.40. The stock traded as high as $6.20 following a solid earnings result that delivered revenue growth of 6%, EBITDA growth of 14%.
Today we started selling the $6.25 November calls against client holdings for a credit of $0.14, this added premium complements the upcoming dividend of $0.07, (fully franked), on the 31st of August, (ex div date).
You're not a member! Trial today
If exercised, the return on this trade will be approximately 15% for 5 months exposure.
For clients not yet set in SGR, our algorithm engine will continue tracking for new entry opportunities.
