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  1. #1
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    Default Invocare (IVC) - slow and steady funeral business

    Invocare has funeral homes, crematoria and cemeteries in Australia and Singapore and has been growing steadily, predominantly through acquisitions. Recently, it has acquired the market leader in NZ-Bledisloe.

    Some figures (approx)-
    Shares-100m ($7.41)
    ROE-40%
    Operating margin - 20%
    Net profit margin - 15%
    Div yield - 3-4% (80% payout ratio)
    PE - 20

    I would be keen to hear from other posters about this company. It looks good to me, although slightly expensive.
    Last edited by RRR; 11-12-2010 at 04:49 PM.

  2. #2
    Legend shasta's Avatar
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    Quote Originally Posted by RRR View Post
    Invocare has funeral homes, crematoria and cemeteries in Australia and Singapore and has been growing steadily, predominantly through acquisitions. Recently, it has acquired the market leader in NZ-Bledisloe.

    Some figures (approx)-
    Shares-100m ($7.41)
    ROE-40%
    Operating margin - 20%
    Net profit margin - 15%
    Div yield - 3-4% (80% payout ratio)
    PE - 20

    I would be keen to hear from other posters about this company. It looks good to me, although slightly expensive.
    Been following IVC since it was around $5, they did a special discount to the victims of the Victorian bush fires a couple of years ago

    A well run, steady performer & not a business that will go out of fashion anytime soon!

    Looks fair value at present

  3. #3
    percy
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    Good article by John Durie www.theaustralian.com.au/business headed Invocare clears final hurdle.

  4. #4
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    Thanks percy for the link. Quiet performer so far and they are in a very boring business and their returns won't raise the blood pressure. Their fortunes are also linked to ASX equity market since 50% of the prepaid funeral funds are invested in equities!

    Disc-Hold

  5. #5
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    Slow, steady and expensive.
    Last edited by RRR; 02-03-2013 at 07:56 PM.

  6. #6
    percy
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    Have not followed for awhile.Notice on Yahoo chart they are up and down like Whore's draws,which surprised me.

  7. #7
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    Just for you Percy!
    Attached Images Attached Images
    Last edited by RRR; 03-03-2013 at 05:56 PM.

  8. #8
    percy
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    Quote Originally Posted by RRR View Post
    Just for you Percy!
    That's more like it.Thanks.
    You may or may not be interested but it was Invacare's chart I looked up.Same code different company.
    Sorry.!!!!

  9. #9
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    If you have Sky check out CNBC's programme , 'Death, it's a living'.

    "Who's cashing in when you check out". lol

    First one on last night.
    Last edited by Skol; 03-03-2013 at 09:58 PM.

  10. #10
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    IVC's taken a hit, can't see any particular reason why, probably a little expensive, gonna take a look at it.

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