IVC 0.35% $11.45 invocare limited

Great value at these levels, page-14

  1. 15,705 Posts.
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    I bought a few more the other day, long term punt, been a winner so far.

    InvoCare Limited (ASX: IVC)
    InvoCare is the largest funeral provider in Australia and New Zealand. The funeral industry is a morbid investment idea, but I think it offers good potential.
    Sadly, a certain amount of people pass away each year. This means that InvoCare has a very reliable source of revenue because it has a market share of around 25% of the industry. If InvoCare keeps doing funerals throughout all economic cycles the profit and the dividend can’t be negatively affected.
    InvoCare has been increasing its dividend since 2006. The dividend could keep growing because the death rate in Australia is expected to slowly increase each year for the next two decades.
    It’s currently trading with a trailing dividend yield of 3.95%.
 
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Currently unlisted public company.

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