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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.

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

Invocare

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