Dont fool yourself, this stock is ex growth as they are up...

Dont fool yourself, this stock is ex growth as they are up against the market share limit, hence the "protect and grow" idea which is to spend a truck load of money upgrading facilities. Funeral numbers do improve with refurb but that highlights that their old funeral centers struggle with out modernisation (ask anyone in the industry this). At the recent AGM they highlighted the Covid impact and that extras in funerals/ services (ie the profit generators) are well down. Plus as stated above the low flu season coming (see previous company reports, this is the annual profit generator) will very much be diminished for obvious reasons. The knee jerk capital raising at the beginning of the crisis a big red flag. The current share price is above the previous highs when you factor in the dilution. Why hold at a high given the virus and poor flu season coming? The Macquarie analyst reading it well.