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At the moment the market thinks otherwise.
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Originally Posted by Arbitrage
At the moment the market thinks otherwise.
Thats me out. Slight loss on the deal. Think the worries about funeral restrictions maybe coming into play and the director sales not a good look
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Ratkin was right in March 2020. Funerals and not deaths are a big source of income for IVC. Lesson learnt. However, the future post-covid looks a bit more settled.
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This has been a long term hold and is now back to pre covid levels with a current price of around $12.30. ASB has a Buy recommendation with an estimated valuation of $15.30. As Ozzie opens up funerals are back in business.
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