Invocare's Ongoing Reinvestment Program Will Help it Capitalise on the Ageing Population
Wide-moat-rated InvoCare’s earnings are likely to come under further pressure in the second half of fiscal 2018. Accordingly, we have trimmed our fair value estimate by AUD 1.00 to AUD 16.00 per share. The mild winter climate and benign flu season have resulted in an abnormally low death rate, and consequently softer volumes. The trend has seen the death rate in the Australian market declining by 6% on the previous corresponding period, or pcp, in the June to August period, and falling by as muc...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.
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