Australian (ASX) Stock Market Forum

IVC - InvoCare Limited

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HelloU said:
mid june also often presents buying opportunities for this (not always but usually) in the tax merry go round. Of course, you can never go back to mid may18 if you are at mid jun18.
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note to self...prolly mid june ......"things are tough and we have no ideas in the suggestion box so we will just carry on till next year and see if things get better, coz they appear to be getting worse".....is that what was said today, or did I misinterpret?
 
Interesting to read the t/a and charts posted in the past few weeks. IVO is a stock I have never owned and don't follow, but I am aware of the business.

In terms of picking a bottom and avoiding catching a falling knife, for me, the chart doesn't indicate a bottom yet.

Looking at the weekly the chart has has only just crossed over into a bear formation using the "golden cross" comparison between the 30 week moving average (MA) and the 50 week MA. The price has recovered through trading at higher volumes over the past couple of weeks as buyers are seeing value as the RSI indicates the stock entered "over-sold" territory.

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Looking at the daily chart, the stock has yet to make a new high which would be the first sign indicating a possible reversal and, as of yet, no new higher-low has been plotting which would further strengthen a reversal signal.

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6 and 12 months chart has IVC at the top of the channel, down channel, to break out of the channel the price just has to hold for a month or so..shouldn't be to hard to do.
 
IVC finishing strongly again today. Fair few days in the green in a row. Looked fair at 11.50 - does $13 need a breather?
 
JTLP said:
IVC finishing strongly again today. Fair few days in the green in a row. Looked fair at 11.50 - does $13 need a breather?
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looks to be drawing breath now near end of june at low 13's.......would think its mqg back having a final end of year buying spree similar to the last one - if not them then someone similar as doubters are back over 11% this week. Cannot say that is of much concern to me though........but also not expecting too much short term greatness as peeps ponder how the banks are really travelling.
 
So_Cynical said:
Some pretty dodgy shorts on the daily list, i own a long/short fund and they have to be short something..
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yeah lol, reminds of when I decide to increase cash for all the right financial reasons...and then find that my financial fun has dropped inversely.....
 
NAN has been one of the most shorted stocks for weeks, currently 12.59% short and NAN up another 3.2% so far today..perhaps weight of shorts leads to confidence in shorts? and the long /short funds do have to short something.
 
Closed above $14 today for the first time since mid March, a flat V bottom, anyone that got in at under 12 bucks is looking pretty good now, apparently some are expecting a bad report come August.

So_Cynical said:
(May 4. 2018) It sparked a little confidence in me ~ Lots to like - Im in.
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So_Cynical said:
Closed above $14 today for the first time since mid March, a flat V bottom, anyone that got in at under 12 bucks is looking pretty good now, apparently some are expecting a bad report come August.


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Spewing. I thought in the $11s it was good value but couldn’t pull the trigger. Popped nicely yesterday.
 
Invocare are acquiring a fair few smaller players at the moment. Does this suggest consolidation or that there organic growth just isn’t there, so bolt ons are necessary?
 
JTLP said:
Invocare are acquiring a fair few smaller players at the moment. Does this suggest consolidation or that there organic growth just isn’t there, so bolt ons are necessary?
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Its a bit of a roll up, no prob with that.
 
JTLP said:
Invocare are acquiring a fair few smaller players at the moment. Does this suggest consolidation or that there organic growth just isn’t there, so bolt ons are necessary?
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short answer yes.....the coy already announced that they are doing their best for existing assets and have few improvement ideas for them......so bolt ons it is. At some stage they will need to decide if they want a 'national brand' for their assets.
They dipped way below their long term up channel, but are now firmly back inside.
 
Hmmmm......buying any bolt-ons in sight but a cut to dividends..........dunno what management is saying here........and down 10%
 
HelloU said:
Hmmmm......buying any bolt-ons in sight but a cut to dividends..........dunno what management is saying here........and down 10%
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That’s what I thought would happen. Just buying to basically generate business as the slowdown has been sharp (people living longer a good thing [emoji4]).
 
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