Star Entertainment – (Time to add Call Options)

On 30 June 2016, a buy signal was posted on SGR.ASX with an entry price of $5.40. The stock traded as high as $6.20 following a solid earnings result that delivered revenue growth of 6%, EBITDA growth of 14%.

Today we started selling the $6.25 November calls against client holdings for a credit of $0.14, this added premium complements the upcoming dividend of $0.07, (fully franked), on the 31st of August, (ex div date).

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If exercised, the return on this trade will be approximately 15% for 5 months exposure.

For clients not yet set in SGR, our algorithm engine will continue tracking for new entry opportunities.

SGR

 

 

 

 

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