Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

A reminder to all members that you agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


9 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

IVC, INVOCARE LIMITED
nipper
post Posted: Jun 20 2020, 04:57 PM
  Quote Post


Posts: 7,087
Thanks: 2433


Livewire Markets: Dean, death and taxes ... two of life's unavoidables. InvoCare manages to specialise in one of them. Buy, hold, sell?
QUOTE
Dean Fremder (Perpetual): It's a hold for us. Clearly, a very defensive and attractive industry. You don't need to worry about whether your customers will turn up, which is a nice thing. So InvoCare, they dominate the space, clearly something with great long-term earnings potential.

What keeps us a little bit at bay is, we're still waiting to see the returns from their big capex investment programme in recent years. You've seen some announced senior management turnover recently, and the stock's quite expensive still, so we'll sit on the sidelines for now.

Livewire Markets: Okay. Simon, the company did raise more than $200 million recently to strengthen its balance sheet, pursue some potential growth optionality. Is there fun in funerals? Buy, hold, sell?
QUOTE
Simon Conn (Investors Mutual): Fun in funerals, well, at least you can go to a funeral now whereas for a couple of months, you couldn't, which I think was making for huge uncertainty. But look, actually, I think I'm quite positive on the new management team. There's a new chairman who I know from previous other companies. There's a new CFO, just been announced today, who I have high regard for.

Look at the low $10s, when you can get a 4 per cent yield on a pretty solid balance sheet and a pretty recurring predictable business, I think it was a buy. Around the mid $11s, it's probably a hold. But if you can buy it in that low $10 price range, I think it's a good business. They have been spending a lot of catch up capex, but that will come to an end in 12, 18 months time. And I think when that comes through that business will start generating more cash going forward. Pretty defensive business, pretty boring, but pretty safe in these times.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jun 15 2020, 10:44 AM
  Quote Post


Posts: 2,507
Thanks: 894


Funerals can have up to 100 people in Queensland as of tomorrow according to the QLD Premier..
Won't be long before the others follow suit.
Will be good for IVC, as more mourners mean bigger rooms, more staff, more afternoon tea etc.
Down today which is perhaps a little surprising.
Might add some more.
Mick



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Apr 14 2020, 09:17 AM
  Quote Post


Posts: 2,507
Thanks: 894


IVC in trading halt pending a capital raising. SPP to follow.
Bet it won't be the only co strengthening its balance sheet in this environment.
Mick



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Mar 25 2020, 11:13 AM
  Quote Post


Posts: 2,507
Thanks: 894


In Reply To: nipper's post @ Mar 25 2020, 11:09 AM

Ask me next week.
Have been sent a link for teamviewer to livestream a funeral on Saturday or a young 23year old killed last week.
At least I won't have to wear a suit.
Mick



--------------------
sent from my Olivetti Typewriter.
 
nipper
post Posted: Mar 25 2020, 11:09 AM
  Quote Post


Posts: 7,087
Thanks: 2433


In Reply To: mullokintyre's post @ Mar 25 2020, 10:13 AM

social gathering restrictions clearly will affect them!
Just how do you livestream a funeral?




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Mar 25 2020, 10:13 AM
  Quote Post


Posts: 2,507
Thanks: 894


In Reply To: mullokintyre's post @ Mar 10 2020, 09:15 AM

Well, I got that wrong!
Down 17% today following a announcement that CV is impacting their business (but they dont know how much).
So I bought some more.
Mick



--------------------
sent from my Olivetti Typewriter.
 

Featured Stock Stories





mullokintyre
post Posted: Mar 10 2020, 09:15 AM
  Quote Post


Posts: 2,507
Thanks: 894


Bought in to IVC this morning.
Their business will not slow down, on the contrary there will be a spike in business courtesy of coronavirus.
Has fallen sharply with the big sell off, so reckon its got some value/
Mick



--------------------
sent from my Olivetti Typewriter.
 
nipper
post Posted: Aug 15 2019, 07:06 PM
  Quote Post


Posts: 7,087
Thanks: 2433


In Reply To: henrietta's post @ Aug 15 2019, 05:18 PM

Paws for thought, though.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
henrietta
post Posted: Aug 15 2019, 05:18 PM
  Quote Post


Posts: 4,270
Thanks: 702


In Reply To: nipper's post @ Aug 15 2019, 04:54 PM

QUOTE
new pet cremation business, called Patch & Purr


Could have been called Hot Dog and Pussy, but probably not as successful with serious pet owners I guess. smile.gif

Cheers
H



--------------------
"Sometimes I sits and thinks, and sometimes I just sits." Satchel Paige

"No road is long with good company." Traditional

Said 'Thanks' for this post: mullokintyre  
 
nipper
post Posted: Aug 15 2019, 04:54 PM
  Quote Post


Posts: 7,087
Thanks: 2433


QUOTE
Finally, we’re once again dying like we should be.

Funeral home operator InvoCare reported a 1.9 per cent increase the number of deaths in Australia in the six months to June 30, with earthly departures back in line with historic norms across the group.

That trend, and a lift in market share, boosted Invocare’s operating profits by 8.6 per cent on an underlying basis, while net profit surged 97 per cent on thanks as healthy investment markets boosted returns on the capital the group holds in trust for pre-paid funerals.

The big swing factor in full-year earnings is winter flu season, which based on my highly scientific test of the number of colleagues sniffling around me, looks pretty good.

CEO Martin Earp will also be looking for growth from his new pet cremation business, called Patch & Purr. You can’t make this stuff up.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


9 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING