ALGO Buy Signal For Medibank Private

Our ALGO engine triggered a buy signal for MPL into the ASX close at $2.97.

This “higher low” structure is referenced to the August 23rd low trade of $2.66.

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The half-yearly results released on February 16th were mixed: net profits grew by 6% but net investment income was 15% lower at $69 million.

As such, we would consider MPL a buy/write opportunity when the share price rises back into the $3.10 area.

MPL will pay a 6.75 cent dividend on September 28th, which puts it on a 4.4% annual yield at current prices.

Medi-Bank Private

 

 

 

 

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