The demographic concerns are very reasonable but it is an...

The demographic concerns are very reasonable but it is an economic and labour force disaster long before it will impact IVC business model. That is ultra long term for it to impact the balance sheet, there are surges coming before shrinking.

International population migration is not usually overly represented in death rates in Australia for any given year, nor their demographics being heavily w.ighted to older. They also are more likely to be more cultural and not major customers of the standard IVC funeral packages.

You touched on a valid demographic inverted pyramid concern but I struggle to see it’s relevance to IVC bottom line or market sentiment.