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Dignity Share Chat (DTY)



Share Price: 645.00Bid: 644.00Ask: 645.00Change: 0.00 (0.00%)No Movement on Dignity
Spread: 1.00Spread as %: 0.16%Open: 653.00High: 653.00Low: 641.50Yesterday’s Close: 645.00


Share Discussion for Dignity


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londoner7
Posts: 791
Opinion:No Opinion
Price:668.00
Auson
28 May '19
Auson, just to respond to your query on DTY from the other board.

From my posts here you'll see that I haven't been in DTY for a while. I'm watching and waiting for a possible re-entry probably this year if at all.

A look back will reveal my current thinking - it hasn't changed since my last post. The Q1 numbers were shocking but as I suspected the price response was muted. If I could see what was coming I had no reason to believe the market didn't already have it priced in. In spite of my extensive research here I don't think I have any exceptional insight.. Hence my reserved judgement in our other share, but the gearing is such that given a following wind (oil price) it could do very nicely in the medium term.
 
ahha
Posts: 504
Opinion:No Opinion
Price:657.00
£4.50
16 May '19
I would not be at all surprised to see these shares at £4.50 before they begin to recover. That is my prediction over the next two years.

Only some heafty Director's buys would make me revise that opinion.But I should imagie they are too busy flying around the world 1st Class, diving Porches and luxuriating in the sun to give two hoots about the company right now.
londoner7
Posts: 791
Opinion:No Opinion
Price:676.00
RE: CMA
11 May '19
Well bets are placed and the Q1 number will be out on Monday.

I think the Q1 numbers will be awful and broker estimates for the year pulled back, but another part of me say's anyone with a spreadsheet and a basic knowledge of the business should know that so is it already in the price.

I'm not a trader so I'll leave that to others to play, but I am a potential investor so I'll wait for the dust to settle - no pun intended.
funeralman
Posts: 12
Opinion:No Opinion
Price:676.00
RE: CMA
10 May '19
I think you are right about them getting hammered. I think the larger public may not know about the CMA investigation but what they do know through a army of independent funeral directors who are explaining to families what is happening who will pass info on it will work like you tell one and they pass it to 5 others and so on Families talk at funerals.Dignities golden days are over.
Trendz
Posts: 58
Opinion:No Opinion
Price:690.00
RE: CMA
4 May '19
I think the SP will get hammered again soon - possibly a lethal combination of trading update and CMA update??
PYUECK
Posts: 105
Opinion:No Opinion
Price:690.00
RE: CMA
4 May '19
Management need to be held to account here. They are in huge salaries and have executed a dud strategy, I.e think they could get away with year after year of above inflation rises. The whole story the directors tell about being happy with regulation is rubbish. The plan was to have a store on every high street and hope customers would not question the charges.

Now that regulators and greater consumer awareness are going to destroy margins time management sorted out costs in the business starting with their pay.
Trendz
Posts: 58
Opinion:No Opinion
Price:695.50
RE: CMA
9 Apr '19
I think this company is in a little bit of trouble in the medium term. Can only see profit margins getting squeezed further. The company may PR that regulation is good for the industry and therefore the company but you can’t get away from the fact the profit margin will be hugely reduced as a a result.
Rosewall
Posts: 7,239
Opinion:No Opinion
Price:684.50
RE: CMA
31 Mar '19
Oops, "I would hope that"
Rosewall
Posts: 7,239
Opinion:No Opinion
Price:684.50
RE: CMA
31 Mar '19
Having been a Funeral Director, I would that an investigation of the Council's role in this takes place.
Auson
Posts: 2,927
Opinion:No Opinion
Price:684.00
RE: CMA
28 Mar '19
Nohearts,

Something like that. I only have a buy button as the sell button is broken. FYI I currently hold 0 DTY shares. As I said its low to mid 600s for me.
All the best
SammyT
Posts: 13
Opinion:No Opinion
Price:681.00
CMA
28 Mar '19
https://uk.finance.yahoo.com/news/britains-competition-watchdog-launches-funerals-072411476.html

Just about says it all...an in-depth market investigation into pricing in the funerals sector, hopefully they will worm out the sharpe and hidden practice of these companies that continually rip families off day in and day out.

when I say ripping off families I mean buy the hidden profits / comissions on surplus items like flowers, death notices, service stationary....etc etc
Nohearts
Posts: 332
Opinion:No Opinion
Price:679.50
RE: CMA
28 Mar '19
Averaging down from more than £10 ?

Or was it higher ?
Auson
Posts: 2,927
Opinion:No Opinion
Price:668.00
RE: CMA
28 Mar '19
zmxn etc etc,

CMA likely to find that Beyond takes a cut for effectively doing nothing.
I will likely be buying back in here soon.
zmxncbv
Posts: 31
Opinion:No Opinion
Price:690.00
CMA
28 Mar '19
It's curtains for DTY. At last a nail in the coffin of this exploitative company. Sell while you can.
Auson
Posts: 2,927
Opinion:No Opinion
Price:703.50
RE: Back below £7
26 Mar '19
Nohearts,

Shorts closing
Nohearts
Posts: 332
Opinion:No Opinion
Price:685.50
RE: Prelims results
25 Mar '19
The directors have had shareholders trousers down good and proper. Check out the options they have gorged on, check how they exercised and sold them. Check out the salaries and bonuses. It’s a simple business, no international exposure, a pretty much guarantee that annual deaths are roughly he same. People get buried or burnt.
There is a limit though to how you much you can gouge out of the dead’s families
Nohearts
Posts: 332
Opinion:No Opinion
Price:685.50
RE: Back below £7
25 Mar '19
You can call it what you like, but Phoenix look like they are close to owning a quarter of the company.
You were however boasting about the shrewdness of Phoenix buying in at more than a tenner last year.
You seem over emotional about this share, it’s never a good sign.
Auson
Posts: 2,927
Opinion:No Opinion
Price:685.50
RE: Back below £7
25 Mar '19
Nohearts,

Do you really think Phoenix asset management take 'punts' ?
ahha
Posts: 504
Opinion:No Opinion
Price:685.50
RE: Prelims results
25 Mar '19
I'd love to see these shares drop to £4.50.....and maybe I'd scoop a few up. I can certainly see them returning to £6.00 in the next 12 months. As I have said many times before....if they are such good value......why aren't the Directors interested? They've creamed off a lot of profit......surely they must be worth one third of what they flogged them for.....or maybe not!
Nohearts
Posts: 332
Opinion:No Opinion
Price:678.50
Back below £7
25 Mar '19
down and down we go.

The much respected Phoenix taking a mighty punt on this having acquired 1/2 their stake at £10+

Perhaps they will change the management.
Auson
Posts: 2,927
Opinion:No Opinion
Price:712.00
RE: FT and CMA
20 Mar '19
londoner7,

Thanks for posting that. I am glad that our taxes are going towards such a thorough review into whether competition exists in a semi-free market. With regard to DTY I am waiting to pick up some more shares in the mid to low 600s.
All the best
londoner7
Posts: 791
Opinion:No Opinion
Price:729.00
FT and CMA
17 Mar '19
There's a short article in the FT on Dignity. I didn't see much of interest but it prompted me to go to the CMA web site.

https://www.gov.uk/cma-cases/funerals-market-study

I was interested in the responses to the interim report. There's a good mix of views from those at the business end, those that seek to represent various consumer groups and those that seek to take a cut from the activity without any direct involvement, comparison web sites, consultants and other agencies - I suspect the interest of the latter is to drive down costs at the business end solely to enhance their own margins.

I only read a small sample but one that stood out was the response from A W Lymn, a small independent funeral provider, who makes a decent argument for quality over cost, at least for their segment of the business. No doubt they also feel that the costs of delivering the actual burial or cremation should be driven towards zero. The larger groups like Co-Op and Dignity who put up the capital for the provision of the essential elements are being targeted from all directions. That said it appears they've had it their own way long enough.

I don't envy the CMA's task to resolve these various views.
Specs1
Posts: 27
Opinion:No Opinion
Price:735.00
RE: Prelims results
13 Mar '19
Dignity's profits have dropped as the CMA has uncovered a hornets' nest of their greed and overcharging. How McCollum can still try to claim they charge so much because of their superior quality of service is laughable. Empty words - people are getting wise!
londoner7
Posts: 791
Opinion:No Opinion
Price:735.50
RE: Prelims results
13 Mar '19
Nohearts, I think your numbers are wrong.

The underlying operating profit for H2 was £33.8m. It was £11.6m for Q4. IMO that was a very poor Q4 result and doesn't point to a very good Q1.

However, this comment, "The trial in part of the country of a limited funeral in 2018 resulted in a smaller proportion of full service funerals than expected. Given the introduction of the Group's Tailored funeral, which provides even greater choice to customers and which will be introduced to all locations during 2019, the limited service funeral is no longer necessary and trials of this type of service have ceased." suggested to me that the trial of the limited funeral may have been the cause of the big drop off in average revenues in Q4. Listening to the call I get the impression the sales approach with 'Tailored funeral' will be to offer add-ons to increase revenues above the limited service level price point.

As I've said on this board before, Q4 was a bad quarter. The above explanation may be behind it. The 2019 Q1 will be interesting but faces very tough comparisons on a couple of fronts with 2018.

In the call Dignity guided to underlying profit of £68m for 2019. Although well down on 2018 I still see this as optimistic so I'll be watching from the sidelines.
Nohearts
Posts: 332
Opinion:No Opinion
Price:733.00
Prelims results
13 Mar '19
So last 6 months of the 2018 are;

Underlying profit before tax 11 million

Underlying earnings per share 16.4 pence.

Is this the current run rate ? Perhaps indicating 33p EPS for a full year ? 22 million profit ?

Need more detail, but after thinking this was a buy at around the ?7, I now think its a leave alone.
Now the take over and price gouge is fully exposed, how are they going to grow the top line or bottom line.
Dividend provides some prop to the share price, but love to see what cash they generated.

"Our vision is to lead the funeral sector in terms of ........value-for-money"

Priceless - how he can say that with straight face is beyond me.

Awful company. Complete scum




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