Ansell is under Algo Engine buy conditions and the share price should remain supported by the ongoing US$265m buyback program.
Assuming 10% EPS growth into FY20, we have ANN trading on 19x and a 3% dividend yield. ANN goes ex-div $0.26 on the 16th Feb.
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We expect buying support to increase near the current $22.70 level.
At higher prices, we recommend a buy write strategy, (overlay call option), to enhance the income return.
