Tag: Australia cremation

There is no doubt. . . . the world gets smaller
Uncategorized

There is no doubt. . . . the world gets smaller

We don’t have to look very far to understand that we live in an inter-connected world.  What happens in one part of the world has always led to innovation in other parts of the world.  But now with our connectivity, it just happens much faster.  And, it is always wise to look to other parts of the world for emerging trends or the justification of what is happening in your part of the planet is indeed happening in other parts […]

InvoCare delivers “Solid Profit” in 2019
Finance

InvoCare delivers “Solid Profit” in 2019

The headline from a Motley Fool piece that you can read here states, “InvoCare delivers solid profit and dividend growth in FY2019”.  Australia’s largest funeral and cremation provider recorded revenue growth of 4% for the year which led to a 19.6% increase in after tax operating earnings. For the year, InvoCare brought in revenue of AUS $ 500.35 million (US $329.17 million) and recorded after tax net profits of AUS 63.75 million (US$41.94 million). The article mentioned that the gains […]

Propel Funeral Partners growing market share
Finance

Propel Funeral Partners growing market share

This article from Yahoo Finance indicates that Australian and New Zealand public funeral operating company Propel Funeral Partners is growing market share.  According to the article it is growing both from acquisitions and an annual death rate increase in both countries. Here is an excerpt from that article: “In Propel’s FY19 investor presentation, the company drew attention to notable industry figures. With death volumes in Australia expected to increase by a rate of 2.4% p.a. until 2026 and 2.1% thereafter […]

InvoCare accused of billing irregularities
Business

InvoCare accused of billing irregularities

  Australia’s largest purveyor of death care services, InvoCare, has been accused by some of irregularities in the way that it handles its invoicing.  According to this article from Choice.com,  InvoCare routinely includes a $320, plus taxes, “administration fee” on invoices. Again, according to the Choice.com article, the administration fee functions somewhat as a “late fee”.  For instance, if you pay the invoice in full within 21 days you can then deduct the administration fee.  However, when you pay the […]

The Director. . . . “Break a leg”
Preneed

The Director. . . . “Break a leg”

Scott Turnbull is an Australian funeral director who has worked in that occupation for the past 25 years.  In an article that you can read here from the Australian Financial Review  Turnbull states that while some weddings take over a year to plan, funerals are generally planned and executed in one week or less and that results in what he says can be an underwhelming experience for the grieving consumer. Turnbull believes that planning ahead is the way to do […]

InvoCare to raise $65 million
Finance

InvoCare to raise $65 million

Australian public company funeral services provider InvoCare announced over the weekend that they successfully completed an underwritten institutional placement of A $65 million (about $US 46 million).  You can read about and see a news clip from the Australia Finance News Network here. InvoCare says that the capital raise will be applied to their strategic growth initiative.  The company also says it is excited by its growth outlook and its Regional Growth Strategy. Funeral Director Daily take:  We think that […]

InvoCare stock being shorted
Finance

InvoCare stock being shorted

I just saw this article over the weekend and thought I would send it out.  It pertains to the stock of Australian death care leader InvoCare being shorted by many investors.  Being “shorted” means, in basic terms, that many investors believe that the share price will go lower. I thought it interesting in light of our article last week about funeral homes in Great Britain and the price cutting that is happening there.  I find the evolution of Great Britain […]