Invocare – Approaching Buy Support

Our Algo Engine recently triggered a buy signal in IVC  at $15.71.

With the stock trading on a forward yield of 3% and underlying earnings growth of 8%, we feel investors should be watching for a near-term entry point.

You're not a member!  Trial today!

FY18 NPAT is forecast to be $67m, EPS $0.61 and DPS $0.47 fully franked.

Invocare

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks