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we like Bridgedogg1 !
I'll add to that.
Deaths (England & Wales) in Q4 2019 about 4% down v previous year.
Dignity has 19 out of the 20 most expensive crematoria in the UK - greedy, greedy, greedy.
A small further fall in profits likely to breach debt covenants.
I HATE this business
Quite right! And obviously, the Directors of the company agree with you!
Financials - worsening year on year
Competition - co-op price war
Digital disruption - not prepared
Business model - based on 5% premium increase year on year which is no longer possible due to above
Regulation - tightening - cost will increase
Business transformation - nothing tangible happening
Interim Dividend - suspended
Certainly wouldn’t buy here
About a year ago I predicted that these shares would go to £4.50.....I still think that is a possibility. I will not touch these shares with a barge pole until I see the Directors buying back in!
Seems like they are over charging and they cant make any money out of it
Are these financials likely to improve? Will the dividend be reinstated?
Seriously considering short on this.
I just bought some of the 4.69% 31 Dec 2049 XS1115296631 5.6% YTM.
Doesn't look a busy board, but Hello everyone!
Taken a huge hit on personal net worth that there lifestyles would not have predicted. Even though some topped out handsomely, it gets spent due to the gravy train mentality.......perhaps not so much hard cash sat on the sidelines. Plus job security will be at the forefront, performance being closely monitored by the increasingly large shareholders and tolerance of further screw ups will be low. Expect rationalisation of the field with the monopolies commission being kept busy. One serious buyer out there at the moment and they are hungry for market share.
Well argued and tempting to get back in. However, why haven't the Directors bought back after getting out with such a massive profit? They don't seem quite as keen on the shares as you.
Ultimately this could be a good play. And maybe I was a bit harsh on my price prediction of £3.50...…...it could be with USA QE that all boats will rise in the next 12 months. But when the bubble bursts...…£3.50 may well still be on the cards!
I have insight in this sector, IMHO, this will get broken up and sold. It became too big and the management took there eye off the independent competition. Much work is being done and a fair bit of pain felt, re organisation and strategic review ongoing and will direct the company in a positive direction once more. There are large funds with significant holdings and significant book losses to date. There is an aggressive player buying market share and I can see deals being done by Dignity to take advantage and reduce debt which is the main driver of the depressed share price. Ultimately it will be sold in its entirety, it's a great annuity income earner. Meanwhile, funeral numbers will be ok, winter months ahead and crematoriums continue to be the cash cow. I see upside here.
The answer to that question is easy...….£3.50 I suspect that around that price the Directors might start buying the shares again. But do you know why they are not buying now? I suspect it is because they know that a major market correction is on the way. It that happens this Autumn then irrespective of the quality of any share, expect all prices to sink! It is not unusual for the market t take a 40% hit. So my £3.50 target is actually conservative. I am going easy on this particular share, because obviously they provide a service that will always attract customers. So they are not likely to go bust. But as with any share, it is very important to look at borrowings and to see how profits hold up.
484 - hit today, a 52 week low. How much lower can this sink....
Looks like this share is being dragged to hell! I shouldn't laugh!
Surely there must be some one who will leap to the defence of this share and breath life into it! Where are all the rampers? I guess the share is just boring.....no one has any interest in it. Maybe the Brexit crisis will help revive business during the winter months?
£5.22 and still no buying from the Directors!!! When will they creep back? My predicition is at around £3.50
But another lure / motive might be a possible takeover......yes!!! That will surely draw the snouts back to the trough!
Thank you, Noheartss.
It's good to have my predictions borne out. Dignity's greed seemed relentless, I am jubilant that a halt is being brought to their gallop. The country's bereaved will no longer be ripped off by this shower.
I fear the Chief Executive's comments in his interim report smacks of Uriah Heap! He is "ever so humble" about the failure of the company and is so willing to cooperate with the authorities. Perhaps his sincerity could be bettered measured by him and his fellow directors taking a pay cut and restore the dividend. Surely they have milked this cow enough having flogged all their shares before the sh*t hit the fan! Oh well, I guess things will turn around if more people die......and when we get a stock market crash and poverty increases that probably may well happen.
The emperor indeed has no clothes.
But just check how the directors have gorged themselves senseless on bonuses and share options (exercised and immediately sold).
The dividend was a prop but now that’s removed, not a whole lot of attraction in holding the shares. Some players on heat have taken a fearful beating.
No sure the business model of buying lots of small funeral directors and bringing under one company is right. All that seems to have happened is that the businesses no longer adapt to their local markets and that profits are being diverted to Executive Salaries and central overhead costs rather than to shareholders. Very arrogant management who executed strategy of increasing prices above inflation, paying most of these profits to directors and then being surprised when it falls out of it.
Ahha, Specs,
Top call on this awful company.
Where are those who pumped this company up when the price was £10.
The ones who mocked anyone who questioned its business model.
The ones who crowed as Phoenix took an almighty “punt” on this share.
The ones who expected £13 in the short term.
A great day.
My prediction back in May was that these shares are not worth buying until they reach £4.50 which I believe possible within the next two years. And todays interim results reveal for all to see why the Directors have not been buying the shares. Sadly, if we have a major stock market correction, these shares could go to £3.50......in which case I will probably be a buyer! But I would hope that the dividend would be restored y then.
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.
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.
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.
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.
I think the SP will get hammered again soon - possibly a lethal combination of trading update and CMA update??