IVC - InvoCare Limited

[dennisll]

IVC is the only listed business in the "death" industry in Australia. Operates funeral homes and crematoria. Has significant market share in a fragmented industry where most businesses are family owned.

PROs
Growth through acquisition of smaller, family-run businesses.
Well placed for the eventual acceleration of the death rate, as the baby boomer generation move on to the better place.
Predictable and consistent customer base. High level of satisfaction among existing clients.
Industry has relatively high barrier of entry.

CONs
Death rate traditionally very slow to increase, resulting in slow increase in EPS for some years to come.
Risk of unhealthy returns from investments of funds acquired from pre-need funeral plans.

Would appreciate any comments or additions to the above listed information.

Cheers,

Dennis

Disclosure: I own shares in IVC

 

[Duckman#72]

Re: IVC - Invocare

Invocare rose 10% today. Haven't checked announcements yet but big jump. Now almost $5.00.

 

[michael_selway]

Re: IVC - Invocare

Invocare rose 10% today. Haven't checked announcements yet but big jump. Now almost $5.00.

hm it dropped 10% today but

yeah no idea why the spike from $4?

Maybe more people expected to die now beacuse of the war?

thx

MS

 

[Kauri]

Re: IVC - Invocare

Added to my only remaining long-term investment holding IVC today at $5.71... the ongoing volatility in the markets might see them pick up a bit of business, maybe on the footpaths in George St, Collins St and St Georges Tce..
Cheers
..Kauri

 

[IFocus]

Re: IVC - Invocare

the ongoing volatility in the markets might see them pick up a bit of business, maybe on the footpaths in George St, Collins St and St Georges Tce..

Thanks for that Kauri really cracked me up

I was looking to do the same some time soon

Heres to more volatility

Cheers
Focus

 

[greenfs]

Re: IVC - Invocare

I am certain that one of the major broking house recently put out a buy recommendation on this stock fairly recently with a sp target of $8. Does anyone else remember seeing this report?

Having a 30%+ share in a growing industry certainly makes the business model attractive and this has histrorically been reflected in the north bound share price.

 

[nawshus]

Re: IVC - Invocare

IVC has been pretty solid for the past month, it's been rising slowly. Not much news on invocare in terms of operation, but I think their doing pretty well. This is a type of stock that I'll be holding for a long time.

 

[Tyler Durden]

Re: IVC - Invocare

Been keeping an eye on this stock for a while, finally got in today at $8.18.

 

[catfish]

Re: IVC - Invocare

Been keeping an eye on this stock for a while, finally got in today at $8.18.

I bit expensive in my opinion, though it's a great company with solid outlook. I got in a few years ago under $6 and I got out in the high $7s. I can't see the company failing

 

[ROE]

Re: IVC - Invocare

Ok business but the only reason it doing well is its large market share
it is a capital intensive business and people stupid enough to pay pre-paid funeral

Super expensive at these level, it has to trade $6 and under for me to be interested.

it wont go up much further from this level unless the market is F**ken mad
chance of a correction more likely

 

[Tyler Durden]

Re: IVC - Invocare

I bit expensive in my opinion, though it's a great company with solid outlook. I got in a few years ago under $6 and I got out in the high $7s. I can't see the company failing

Ok business but the only reason it doing well is its large market share
it is a capital intensive business and people stupid enough to pay pre-paid funeral

Super expensive at these level, it has to trade $6 and under for me to be interested.

it wont go up much further from this level unless the market is F**ken mad
chance of a correction more likely

Agree, and I will buy more if it drops down to $7ish.

 

[ENP]

Re: IVC - Invocare

I would like to purchase stocks in this company one day. But I fail to see why people are willing to pay 28+ times earnings for a business that is only growing around the 9-11% range annually.

I would love to own it, but would only pay about 50% off what is it trading at now.

If only the stock market went on sale more often!

 

[Muschu]

Re: IVC - Invocare

Agree, and I will buy more if it drops down to $7ish.

I wonder what the general view is now? Pretty solid industry.

 

[McLovin]

Re: IVC - Invocare

~30x earnings for a bunch of undertakers. Unless the Four Horsemen of the Apocolypse have been spotted, what am I missing? Or why are people dying to buy these guys?

 

[skc]

Re: IVC - Invocare

~30x earnings for a bunch of undertakers. Unless the Four Horsemen of the Apocolypse have been spotted, what am I missing? Or why are people dying to buy these guys?

Unless they offer shareholder discount...

 

[chops_a_must]

Re: IVC - Invocare

~30x earnings for a bunch of undertakers. Unless the Four Horsemen of the Apocolypse have been spotted, what am I missing? Or why are people dying to buy these guys?

Almost total monopoly in the market.

Licenses are extremely hard to acquire. Regulatory burdens and hurdles make an introduction of competition extremely difficult.

Been a great stock for me over the years.

Growing market, and unless they start building furnaces willy nilly, why not own it?

 

[chops_a_must]

Re: IVC - Invocare

Keeps chugging along.

Big volume on a recent dip. And increasing volume pushing into all time highs.

 

[chops_a_must]

Re: IVC - Invocare

Another outstanding break into all time highs after a little bit of sideways consolidation and continuation.

 

[Tyler Durden]

Re: IVC - Invocare

Another outstanding break into all time highs after a little bit of sideways consolidation and continuation.

Anyone know the reason?

I wish I had bought more before

 

[tinhat]

Re: IVC - Invocare

Anyone know the reason?

Demand exceeded supply?