Funeral Director Daily

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…

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…

InvoCare Continues Purchase Pattern

By Funeral Director Daily / July 6, 2018 /

InvoCare, Australia’s leading national provider of funerals and cremations, announced earlier this week that it will continue to build its regional markets. They did so in the New South Wales/Victorian border area by purchasing the Lester and Son Mortuary. You can read a clip on the acquisition here. The purchase includes two fully equipped funeral…