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07/08/23
11:54
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Originally posted by Recidivist:
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I am not worried if the TPG deal falls through. From what I read back when it was first proposed, Invocare has almost complete control of burial plots available in Sydney over the short to medium term. I would expect them to be quite profitable in the next few years, and I would guess that asset was what TPG was principally interested in obtaining. Disclosure - I reduced my holding in IVC at close to the peak a couple of months back, but that was opportunistic rebalancing of the portfolio, of which IVC was too great a percentage for a small-time investor like me.
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IVC should tell them to go away. It is best that this company stays in Australia.