QBE – 20% Rally

QBE Insurance Group was discussed in the “opportunities in review” webinar earlier this month. We expressed the view that $12.00 provided support and our bullish call on QBE is now playing out. The stock has rallied from $12.00 to $13.20 and we see further upside to $14.00.

The above text was last updated on the 16th of Dec and QBE has now hit our $14 price target.

 

NIB Holdings – Value Emerging

NIB Holdings is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

With the stock now trading at $6.35, we see value emerging heading into the February earnings result. The company has guided towards 6% EPS growth and now trades on a 4% dividend yield.

Note: We’re mindful of the price gap back to $6.00, but we’re assuming this may not get filled at this stage.

 

GPT – Algo Buy Signal

GPT is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We see value in buying GPT at $5.75 and waiting for a rally back to $6.00 beforeĀ selling out-of-the-money call options.

For more information on the derivative strategy, please call our office on 1300 614 002.