InvoCare Limited (IVC) - LONG
InvoCare Limited (IVC) - LONGASX:IVC
InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore. The company operates 290 locations, and 16 cemeteries and crematoria under various brands. In addition, the company operates MyGriefAssist, an online grief resource Website; and MyMemorial, a Website that provides range of cremation and burial memorial options, as well as provides digital funeral planning services under the Funeral Planner brand name.
Technicals:
An entry could present itself on the break of the cup & handle pattern and establish a continuation of the preceding trend since September. Although TL has not been confirmed on the weekly, the 50 EMA has recently crossed the 100, with the 100/200 about to do the same. Back-testing similar pattern setups occurring on the break of the 200 has seen a handy upside profit in a short period of time. On the break of S2 with a reflection in buying pressure, the gap from back in March could be filled @ $13.00. It looks like it could possibly head to $14 at the extension.
This trade would be void if IVC does not break through S2.
Fundamentals:
Earnings are forecast to grow 35.91% per year
Forecast earnings growth (35.9% per year) is above the savings rate (2%).
Earnings (35.9% per year) growing faster than the Australian market (17.8% per year).
Earnings are expected to grow significantly over the next 3 years.
IVC's revenue (8.2% per year) is forecast to grow faster than the Australian market (4.9% per year).
Trading at 13.9% below it’s current fair value estimate.
Debt is well covered by operating cash flow (26.3%).
The CEO’s (Martin Alistair) total compensation is below average for companies of similar size in the Australian market and has been consistent with company performance over the past year.
Never take stock tips. Educate yourself and always DYOR while implementing a rigid risk management plan before investing your own money.
InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore. The company operates 290 locations, and 16 cemeteries and crematoria under various brands. In addition, the company operates MyGriefAssist, an online grief resource Website; and MyMemorial, a Website that provides range of cremation and burial memorial options, as well as provides digital funeral planning services under the Funeral Planner brand name.
Technicals:
An entry could present itself on the break of the cup & handle pattern and establish a continuation of the preceding trend since September. Although TL has not been confirmed on the weekly, the 50 EMA has recently crossed the 100, with the 100/200 about to do the same. Back-testing similar pattern setups occurring on the break of the 200 has seen a handy upside profit in a short period of time. On the break of S2 with a reflection in buying pressure, the gap from back in March could be filled @ $13.00. It looks like it could possibly head to $14 at the extension.
This trade would be void if IVC does not break through S2.
Fundamentals:
Earnings are forecast to grow 35.91% per year
Forecast earnings growth (35.9% per year) is above the savings rate (2%).
Earnings (35.9% per year) growing faster than the Australian market (17.8% per year).
Earnings are expected to grow significantly over the next 3 years.
IVC's revenue (8.2% per year) is forecast to grow faster than the Australian market (4.9% per year).
Trading at 13.9% below it’s current fair value estimate.
Debt is well covered by operating cash flow (26.3%).
The CEO’s (Martin Alistair) total compensation is below average for companies of similar size in the Australian market and has been consistent with company performance over the past year.
Never take stock tips. Educate yourself and always DYOR while implementing a rigid risk management plan before investing your own money.
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