The algorithm engine is flagging ANN.ASX as a buy at $21.00. With the pending spin-off (or break up) of divisions within Ansell, added share holder value will be unlocked. Stable earnings, yield support along with the corporate restructure means the fundamentals will support the technical picture.
PE 15x the FY16 EPS or $1.40, DPS $0.60 placing the stock on a yield of 3%.
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Buy in the range of $20 – $21 and hold for bounce to $22 and then sell $23 calls on the other side of the Feb dividend.
