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A very interesting development! Pheonix are hard nosed professionals and should they get their way, they will ensure that this company is turned around big time! This company has a lot going for it! With hard nosed management, there is a bright future ahead.....and make no mistake.......Pheonix will settle for nothing less!!!
I agree, the results will be positive and as such the current share price has us at a PE ratio that is too low. The debt is high but more than manageable, a re organisation is in hand and operational improvements appear to be gaining traction.
Full year results next week on Wednesday 17th........I think we will all have a nice surprise.!
This share has always been a boring slow mover.....but once it gets moving, its a solid reliable earner. Yes there are headwinds in this sector, but this share will turn around. I've bought in to today and think it is a sure bet medium to long term!
I'm out of this share now, so maybe it will start rising lol. Just decided to put my small pot of money from here into green economy shares. Budget coming up soon along with many announcements from the government. DYOR and glah.
Chart says this SP slide should reverse before 560p.
As I said last time there will be many more covid deaths, and while this is very sad and very bad for the UK,. It should be good news for this particular business. Results in march. Time will tell.
On a ship called Dignity.
Thank you again for constructive reply.
"Otherwise why would they want investigation on first place"
Trust me, Dignity did not want this CMA investigation. They are concerned about the free-for-all in the pre-paid market and would like financial regulatory control in that market. Once the wider investigation began they then chose to make a case for regulation more generally , in the belief it would raise standards and curtail competition. Of course they want to give the impression they want to support the CMA investigation, in the hope it might blunt the remedies.
A call for regulation, on your terms, is the oldest move in markets. Develop a market lead, then call for regulation to raise entry costs, putting up barriers to entry for the new and more nimble players.
* I do see a difference between this CMA update and the last. The previous update was interpreted as effectively marking a closure to the investigation, but waiting the final report. Today, the CMA has made it very clear that the investigation could be restarted within a short time frame.
Thank you for your informative reply but i think that all funeral services will be under investigation and i heard dognity May benefit in long terme. Otherwise why would they want investigation on first place
Well some concerning statems in the CMA repor are:
- Dignity named as the on average most costly funeral provider.
- Future investigation into setting price limits creating further uncertainty and, if price limits were introduced, potentially big impact on Dignity's profitability.
- Some poor examples for poor services identified but in general there does not seem a clear link between funeral cost and higher quality of service. Thus, questionable if higher prices at Dignity are justified.
I always had a lucky hand with this share and I think there's a good chance for share price to decline further in reaction to the CMA report. Only real positive was that no price limits are introduced right now and, if they ever come, they are likely a still a few years away.
Yes i understand but last time we had news about cma share rocketed 200 points i even post comment here back in semptember. NOw same news and down
I was invested here during the 'good' times the CMA is attempting to correct. I'm not currently invested but keep my eye in.
My take on today's news is the threat to reopen an investigation at a later date has upset the market - it doesn't like uncertainty. In the meantime the big operators, like Dignity, will be required to report their revenues in funeral services and crematorium, thereby provide a full magazine of ammunition to the CMA should they wish to look again, and this might keep the big boys in line. Meanwhile smaller funeral providers will not be under CMA observation (all crematorium providers are), allowing them to perhaps add a premium. But to be clear it was not the pricing of these 'family' business' that prompted the investigation in the first place. It was Dignity and CoOp.
After 2-3 years getting their act together my take from the recent note on strategic review was that Dignity still haven't resolved their process and there'll be further cost implications. I'm not sure what to make of the impact of the large shareholder now watching things. I'll keep my eye in but don't expect to doing much else anytime soon.
If you have an investment here, or are considering one, I think as a minimum you should read the executive summary here
https://assets.publishing.service.gov.uk/media/5fdb24dd8fa8f54d564af127/Final_report_summary.pdf
If you're a trader, flip your coin and place your bet. If it comes up heads, come and tell us all about it. Because we care. Really we do. Please don't leave us hanging. ;-)
Looks like a clear u-turn by the CMA from their August statement. Easily resolved with full transparency. Referrals may be harder to swallow. Price point will most likely remain as the general public are also trying to keep up with the "Jones". The number of limos shows your mourners how successful you were.
share went up flying Can someone explain?? what going on??? damn it
Even a simple funeral has a value. Cremation fees are set irrespective of funeral format.
Sub 500 will be a time to top up. This industry cannot be compared to the leisure industry and transportation.
Soon 12 months of lockdowns will have a dramatic effect on mortality rates in the cancer/cardiovascular arena.
These areas have been failed by the NHS and will be reflected in the mortality rate.
Depressing subject, but a fact.
Only two things certain in life. Death and taxes. With Boris in charge I think both are on the rise. Not sure another lockdown will help as now the economy not doing well, so maybe cheaper funerals but more of them.
on ITV , being slated for ripping people off through COVID , looking at new rules to bring them under control
lot small funerals buisnesses wont survive and Dignity wil take bigger chunk of this always needed market
they sold
Nice to see Goldman continuing to add to their holding. Up from 7.29% to 7.46%. If they continue onto the 10%-15% range, this could be interesting. Hopefully positively interesting.
It doesn't like 1300-1330hrs each trading day. Bizarre but a fact.
,,,,
Buying in the afternoon their morning