Improving Market Conditions Help Invocare Performance in 1Q of Fiscal 2019
Wide-moat-rated Invocare has commenced its earnings recovery with a strong start to fiscal 2019. We have not changed our AUD 16.00 per share fair value estimate, to which the firm currently trades at a slight discount. Gross revenue is up 8% on the previous corresponding period, or pcp, which is tracking marginally ahead of our full-year 6% forecast. The stronger-than-expected growth mainly reflects an improvement in market conditions, with the number of deaths reverting towards the long-term tr...Invocare is a provider of services in the funeral industry in Australia, New Zealand and Singapore with smaller operations in Hong Kong and the U.S. Through its associate, Co. provides online memorial services to allow families and communities to celebrate the life of a loved one.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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