IVC
Director Trades
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Company News
InvoCare board backs TPG’s new takeover offer
The board of funeral specialist InvoCare (ASX: IVC) has unanimously recommended its shareholders accept a new takeover offer from US-based equity fund TPG Capital. The company’s directors have also notified that they intend to vote all of the InvoCare shares in which they have a relevant interest in favour of the scheme. TPG’s latest cash […]
TPG Global bids for InvoCare, Xero culls workforce and Myer posts record half sales
Private equity firm TPG Global has taken advantage of beleaguered funeral services company InvoCare’s (ASX: IVC) lacklustre FY2022 results, with a non-binding cash takeover offer valuing it at $12.64 per share. Under the non-binding indicative offer, which was made on Tuesday, TPG is proposing to give InvoCare shareholders $12.65 cash for each share held. This […]
Downer CFO quits, CBA and NAB raise rates ahead of RBA decision and Aussie Broadband celebrates record half year
Downer EDI’s (ASX: DOW) Michael Ferguson is the latest head to roll following the company’s historical revenue misreporting scandal and a “very challenging” half year (H1 FY2023) performance. Mr Ferguson revealed he had resigned from the chief financial officer position on Wednesday and would assist the company with his replacement’s transition over the next six […]
Where to buy defensive stocks at the right price
If the coronavirus were an Olympic athlete, it would be smashing the best-ever marathon time by taking a sneaky short cut, or else heaving to a weightlifting record with a belly full of steroids. Yep – the vexatious virus is not playing by the rules, which puts paid to the notion that ‘recovery’ stocks such […]
No dead certainties in the ASX-listed funeral parlour game
One neat investment theory of the pandemic era is that the deathcare industry provides the perfect hedge against the human cost of the pestilence and the ensuing economic chaos. But as with having blind faith in gold as a safe harbour, the notion of funeral parlours as a defensive certainty should be dead, buried and […]