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Member
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 05:49 PM.
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Originally Posted by RRR
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
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Good article by John Durie www.theaustralian.com.au/business headed Invocare clears final hurdle.
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Member
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
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Member
Slow, steady and expensive.
Last edited by RRR; 02-03-2013 at 08:56 PM.
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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.
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Originally Posted by RRR
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.!!!!
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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 10:58 PM.
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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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