HY21 Results: It’s been a strange year for the funeral business with fewer deaths and smaller funerals impacting half year earnings, however that theme is not new and has caused the share price to decline from $18 down to ~$12 today. Todays hald year numbers were better than feared plus the outlook is improving. There was also another bright spot, namely IVC’s expansion into pet cremators with revenue for the half hitting $13.7m & EBIT of $3.6m. Interestingly, the average spend per pet was $332. Shares closed 8.68% higher today.
scroll
Question asked
Question asked
Performance update for March, stocks that drove returns & our current positioning
Close
Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
Close
Market Matters Research Lead Shawn Hickman with David Koch
Close
Friday 19th April – DOW up 22pts, SPI down -55pts
Close
MM now has IVC on our radar again
Add To Hit List
Related Q&A
Thoughts on funeral operator IVC, WPL & A2M
InvoCare (IVC) – any interest?
Relevant suggested news and content from the site
Video
WATCH
Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
Podcast
LISTEN
Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Podcast
LISTEN
Friday 19th April – DOW up 22pts, SPI down -55pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.