Woolworths – buy the dip

We’re looking for a retracement in Woolworths’ share price back to $28.50 and recommend accumulating within the value range displayed below.

WOW goes ex-div $0.50 on the 7th of September. Adding a covered call will boost the cash flow to 10 – 12% on an annualised basis.

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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