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Dignity Share Chat (DTY)



Share Price: 697.50Bid: 697.50Ask: 698.50Change: -18.50 (-2.58%)Faller - Dignity
Spread: 1.00Spread as %: 0.14%Open: 725.00High: 725.00Low: 696.50Yesterday’s Close: 716.00


Share Discussion for Dignity


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Auson
Posts: 1,831
Opinion:No Opinion
Price:702.50
RE: Phoenix
Today 11:49
Nohearts,

Yes I did once claim they would hit £13 short term and a few short months later on the 21st May they touched £13.09 then £13.25 the day after.
 
Nohearts
Posts: 258
Opinion:No Opinion
Price:713.00
RE: Phoenix
Today 09:09
Auson,

You have been ramping these for a year, including once claiming that they would "hit £13 in the short term".
You have scoffed at the shorters when they were shorting at £10

How much more pain can you take ?

A rancid company - sunlight is the best disinfectant
Auson
Posts: 1,831
Opinion:No Opinion
Price:716.50
Phoenix
Tue 14:51
Keep going Phoenix you lovely people.

Use those silly shorters to load up on the cheap !
Auson
Posts: 1,831
Opinion:No Opinion
Price:723.00
RE: potential
Thu 16:40
funeralman,

I don't remember British Leyland having over 2 X revenue invested in funds.
funeralman
Posts: 2
Opinion:No Opinion
Price:723.50
potential
Thu 14:33
There is always potential in this type of business, un-regulated charge what you want,
The potential is only there how ever if management now know what is needed.
They can call advisors in what ever but I cannot see them reaching the main problem.
You maybe will not remember but it reminds of how British Leyland carried on until it died.
Auson
Posts: 1,831
Opinion:No Opinion
Price:726.00
RE: management
Thu 12:08
funeralman,

Sounds like a fair synopsis. So tell me do you see any potential in the business ?
funeralman
Posts: 2
Opinion:No Opinion
Price:744.50
management
Thu 08:34
Dignity is the victim of their own greed, every time they bought any thing from crems to funeral homes the price shot up over night, They spawned managers to set up on their own, the only way they could keep share prices high was to keep buying and has previous said that as come to a end.
When they bought a new funeral home they inflicted their own ways over time and which where often silly ideas coming from far removed management. What ever their plan was they paid too much for what they bought.
They are typical of large companies that loose direction at the grass routes and now have created a army of independents along with others are spreading the word to already stretched public, people are already losing the fear of getting quotes at their sad time.
Specs1
Posts: 18
Opinion:No Opinion
Price:751.50
RE: Make the pips squeek!
5 Dec '18
ahha - they don't own all of the crematoria, they lease some of them. They might be divested of some if a monopoly is proven to be in operation.
To outprice the competition in their funeral homes, they would need to halve their prices. I really can't see the greedy pieces of work doing this.
Specs1
Posts: 18
Opinion:No Opinion
Price:751.50
RE: Dignity's crematoria
5 Dec '18
Auson - as ex-Goldman Sachs employees they would bring their sharp practice along with them.
Auson
Posts: 1,831
Opinion:No Opinion
Price:751.50
Daily chart
5 Dec '18
Daily charts looking good glad I bought more today.
Auson
Posts: 1,831
Opinion:No Opinion
Price:747.00
RE: Auson
5 Dec '18
ahha,

4.36% stock out on loan here at end Nov 18 so shorts will want to close at a good time.
ahha
Posts: 478
Opinion:No Opinion
Price:747.00
Auson
5 Dec '18
Yes I can think of a reason.

The UK market must be seen as really cheap right now by those in foreign lands.

Might be worth having a small flutter on them after all then.
Auson
Posts: 1,831
Opinion:No Opinion
Price:742.50
RE: Director Buys?
5 Dec '18
ahha,

I could think of a good reason why they might not be able to can you ?
ahha
Posts: 478
Opinion:No Opinion
Price:736.00
Director Buys?
5 Dec '18
When are the directors going to return to the trough OIK! OIK! ? Will it be at 6.50?.......5.50?.....or £4.50?
Auson
Posts: 1,831
Opinion:No Opinion
Price:733.00
RE: Dignity's crematoria
5 Dec '18
Specs1,

I said ex- Goldman Sachs if you don't know what this means then it is pointless conversing with you as the point is obviously well and truly lost on you.
ahha
Posts: 478
Opinion:Strong Sell
Price:736.00
Make the pips squeek!
5 Dec '18
That's right Nohearts, my very learned friend, bash them down to the ground where they belong! In the light of your comments who knows they may go down ultimately to £4.50 But when I said recover, I did not in any way mean that they would ever get back to £25. Absolutely not!!! Perhaps under new management, in the medium to long term they may get to £10-15.

Remember they own all those crematoria. Will people stop dying? With all the poverty and a forthcoming market crash of epic proportions around the corner, I can see business booming. Lets not get too pessimistic......Phoenix don't think they will go bust do they? If need be they could outprice the competition be "ever so humble" and actually sell funerals at a loss or a fair price...….and then go back to their money grabbing ways, when the competition has been blown out of the water. Lets give this company the dignity and the respect it deserves..
Specs1
Posts: 18
Opinion:No Opinion
Price:736.00
RE: Dignity's crematoria
4 Dec '18
Auson - you might want to read up on the various Goldman Sachs controversies.
More condemnation in the CMA report: 'Dignity has consistently been among the most expensive funeral directors and Co-op more expensive than a large proportion of independents... These large price differentials cannot be explained by differences in factors such as service quality, branding or operating costs'.
I don't know how the board of directors can sleep at night - their justification for their sky high prices was better quality. They've been officially called out on that by the CMA now.
Nohearts
Posts: 258
Opinion:No Opinion
Price:739.50
RE: They are a sad joke!
4 Dec '18
"the shares are bound to recover! "

Why should they recover ? Or more what should they recover to ?

The number of deaths in the UK is very stable year on year.
It's been proved beyond doubt that when Dignity take over an independent, that they lose volume from the newly acquired sites.
It the price gouging that has masked what is a bog average business operationally.

The board are weak beyond belief - they have been exposed as one trick, acquire and price gouge, ponies.

Their market share is 12% & doesn't mean much - its very much a local market, hence Dignity hide their true identity behind the old names of who they acquire.
At its heart the funeral business is a local business like your plumber or electrician, I don't see why a chain should do better than the independents particularly when them come with the reputational damage that Dignity comes with.
It's not like they have a shred of trust, unlike say the Co-op.

Their debt is now more than the market capitalisation - the one thing they have got going is that the loan notes are long maturity.

I think there is zero chance of the dividend increasing in the next 3 years - but they will be loath to cut it as the yield of 3% underpins the share price a little.

Will this recover ? Sure it could get back to a tenner but I find it impossible to see it going above £12 in the next 5 - 7 years.
People see the £25 price of a few years ago and are seduced into thinking it could get back there. That price was based on market acquisition and annual price rises of 6%.
Those days gone forever.
ahha
Posts: 478
Opinion:No Opinion
Price:740.50
They are a sad joke!
4 Dec '18
It is sad that many traditional family funeral businesses are being taken over and being put out of business by this company. All this "quality of service" and "Dignity" nonsense should be taken with a pinch of salt......all they want is money!

Having said this......the shares are bound to recover! Just like booze, gambling and cigarettes, death is a real little money spinner....and although they may need to be kept in check, they have a commanding position......and are bound to be a sound investment in the meduim to long term. But at the moment, they are out of favour. I am not buying in until they get to around the 6.50 level.
Nohearts
Posts: 258
Opinion:No Opinion
Price:740.50
RE: Dignity's crematoria
4 Dec '18
Auson,

why not just admit that Specs1 has consistently called this right ?

They are the ultimate leeches - praying on the bereaved.

The only ones to get rich are the board.

What possible strategy can they come up with now the price gouge operation is exposed ?
Auson
Posts: 1,831
Opinion:No Opinion
Price:760.00
RE: Dignity's crematoria
4 Dec '18
Specs1,

Gosh that is worrying. You should probably contact Phoenix Capital right away as I'm sure with their in depth research they might have missed that part from the public statement.
These guys are ex Goldman Sachs and have put over £50 million into this what credentials and skin in the game can you offer ?
Specs1
Posts: 18
Opinion:Strong Sell
Price:758.50
Dignity's crematoria
3 Dec '18
From the CMA report: 'The divestment of assets or operations is one possible remedy that might be imposed following a market investigation. We cannot rule out the possibility that a small number of divestitures might be necessary where two or more crematoria in a given area are owned by the same operator'.
ahha
Posts: 478
Opinion:No Opinion
Price:758.50
DTY keeps falling!
3 Dec '18
Yes I figured the same......but why is the price continuing to go down? And at these prices, why aren't the directors buying? Today the market rose.....but DTY still keeps falling. Not a good sign.....its a falling knife.

Actually I have had my eye on Phoenix for quite a while......they pay good dividends and are a solif share!
Auson
Posts: 1,831
Opinion:No Opinion
Price:758.50
More buying
3 Dec '18
Phoenix Asset management bought another 1.27% on the 29th increasing to 11.3652%
By my reckoning all those large trades last week were buys.
ahha
Posts: 478
Opinion:No Opinion
Price:797.50
Holdins RNS
30 Nov '18
Auson, I agree and did try to discover who are buying and selling.....you very kindly did the work for me. DTY is undoubtedly a valuable company......and OUGHT to be a safe bet in hard times. Though I remember 8 or so years ago it was very boring share and stuck at £7 for quite a while with little or no dividend. of course it did come good in the end. I've no appetite to hold a share that does not move for years on end especially at a time when in the next few years income might be hard to come by. However, it is at least paying a dividend now.....and at around £6.50 it might be a good buy.

I see that you have an interest in PMO...….I have watched this share for years and have a holding in RKH. These shares could be dynamic......it will be interesting to see what Saudi does to influence the price of oil,




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