Sonic Healthcare FY16 Earnings Result

SHL.ASX FY16 earnings per share growth of 21% was better than market expectations. FY17 the stock trades 22x on an expected yield of 3.4%

We own this name in the model from lower levels and see the stock price well supported and suitable for a buy write strategy.

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks