Tag: Australian funerals

Finance

InvoCare reports first half year. . . gives us a glimpse of future funeral home revenue sources

InvoCare, the largest public purveyor of death care services in Australia, reported their first half year results for 2021 recently.  The earnings call transcript, which you can access here, also gave some glimpses into the future of funeral service companies, at least in Australia. As you may know, Australia has had a severe lockdown during the Covid-19 pandemic.  The first half of 2021 eased those restrictions somewhat and that was partially the reason that InvoCare saw a 13% increase in […]

Products

InvoCare invests in new cloud and bandwidth technology

Sometimes the way we communicate is overlooked and can, over time, creep costs upward and move operational productivity down at the same time.  Things like internet services and the providers that we use need to be reviewed every so often. InvoCare, which operates 290 funeral locations and 16 cemeteries across Australia, New Zealand, and Singapore just made a decision to make sure that all locations had the bandwidth and network capacity to make sure that they could live stream funeral […]

Regulations

Around the Globe: Funeral News from Australia and Spain

Australia – After a series of high profile abuses of the financial services industry in Australia in the last couple of years, the Australian government commissioned High Court Justice and royal commissioner Kenneth Hayne to investigate the complete financial services industry and come up with some ideas on how to regulate such. That report has now been issued and Justice Hayne has issued what this news report calls a “damning final report” on the industries that touch almost every Australian.  […]

Business

InvoCare moves forward despite headwinds Down Under

Australian funeral service market share leader, InvoCare, is moving forward with capital expenses aimed at becoming more appealing to Baby Boomers in spite of several headwinds on funeral service down under.  You can read an article from Australian Financial Review on the slowing of InvoCare’s business here. In the article InvoCare CEO, Martin Earp, mentions that by the end of 2018 the company will be through about 40% of its $200 million investment in its modernization program known as “Protect […]

Business

Australian funeral bid company competes against Public Firms

If you have followed the death care industry in Australia you would see that large public companies InvoCare and Propel Funeral Partners are seeking to gain market share via acquisitions.  This is nothing new in the funeral industry where unit “roll-ups” have been in vogue since the 1960’s. If you are a free-market person you are probably very much in line with InvoCare and Propel Funeral Partners as they are taking the risk and trying to reward investors by using […]

Finance

Propel Funeral Partners Stock Rising

Propel Funeral Partners, the funeral home, cremation, and cemetery company that serves Australia and New Zealand is seeing their stock continue to rise since their initial public offering (IPO) in November.  According to an article in the Motley Fool from December 27, 2017, the stock has moved from an IPO price of AUS $2.70 to a price of AUS $3.30 and in checking today, to a price of AUS $3.44.  That’s an approximate price increase of 27% in the first […]