Invocare
In 2011 Davina Bambrick was forced to euthanize her 14-year old dog, Bennie. She now says that the worst of that situation was when “Bennie was abruptly whisked away” after being euthanized. She commented recently, “It was kind of an unusual process, that lacked a lot of care or empathy at the time. We weren’t…
Read MoreInvoCare Limited, the largest public company in the death care space serving Australia, New Zealand, and Singapore reported half-year earnings which indicate that Operating Earnings after tax dropped 5.2% to AUS $22.3 million from last year’s AUS $23.6 million. In somewhat of an interesting note, Net Profits increased 97% to AUS $41.4 million because of…
Read MoreIt was announced last week that the largest provider of death care services in Australia and New Zealand would be making another acquisition. InvoCare announced last week that they would be purchasing Australian Heritage Funerals located in Toowoomba, Queensland. According to an article and news video you can read and see here, the closing will…
Read MoreGreat Britain’s leading purveyor of death care services reported that for the first 13 weeks of 2019 that they have had fewer services and lower profits than the first quarter of 2018. In a statement very similar to first quarter United States public death care companies, Service Corporation International and Carriage Services, Dignity Plc said…
Read MoreAustralian 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…
Read MoreI 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…
Read MoreFoundation Partners, based in Orlando, Florida recently announced that they had made an acquisition to their family of brands. They announced that they had acquired Legacy Funeral & Cremation Care in San Diego County, California. You can read a press release here. The purchase from the Savino family represents an opening into the San Diego…
Read MoreAustralian 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…
Read MoreInvoCare, 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…
Read MoreInvoCare Limited, the market leading funeral home firm in Australia, announced Friday that it will be closing on two acquisitions from the South Island of New Zealand on June 22. You can read a clip about this from Motley Fool Australia here. The company will acquire Hope and Sons Funeral Directors in Dunedin and Whitestone…
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