Medibank is now under Algo Engine sell conditions.
MPL reported 1H19 earnings today and for the most part the results are ahead of consensus. Although, NPAT is flat on the same time last year at $232m
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Dividend for the half is at 5.7 cents based on a 70% payout ratio. MPL is a stable low growth business that offers 4.5% forward dividend yield.
We sell value back at $2.50 – $2.60 range.
