Australia cremation

InvoCare talks of strategy reset

By Funeral Director Daily / May 28, 2021 /

My own historical family businesses are a perfect example of the evolution of a business to fit the consumer and stay relevant.  Back in 1872 my great-grandfather arrived in the New World with a skill as a cabinet maker.  He set up shop and when people died family members approached him about building a coffin…

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

By Funeral Director Daily / March 20, 2020 /

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…

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InvoCare delivers “Solid Profit” in 2019

By Funeral Director Daily / February 28, 2020 /

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…

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Propel Funeral Partners growing market share

By Funeral Director Daily / February 7, 2020 /

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…

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InvoCare accused of billing irregularities

By Funeral Director Daily / November 29, 2019 /

  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…

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The Director. . . . “Break a leg”

By Funeral Director Daily / April 18, 2019 /

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…

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InvoCare to raise $65 million

By Funeral Director Daily / March 11, 2019 /

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…

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InvoCare stock being shorted

By Funeral Director Daily / December 3, 2018 /

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…

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