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funeralman,
Yes I see your point re the war deficit, but has mass immigration not bolstered the population significantly ?
You will get no argument from me that people have been being ripped off ( across the board )
Any thoughts on Local authority Crematoria price increases, burial plot increases over the last 10 years ?
During the war years sadly many 1000s of people lost their lives which if had still been here would of been boosting figures for the last few years and in the coming years that deficit will be overcome hope you understand.
The Group will of course take part in any CMA Investigation as it wants to come out trying to justify its GREED
and pricing , Dignity will of course love to claim standards need to rise as that they would push for regulation but who would pay to monitor this? The single biggest argument is the public have been getting ripped off with inflated prices from funeral homes and now the cat is out of the bag they want to justify their year on price increases
Transparency is a key point especially when talking to the family of the bereaved.
How many funeral homes display their prices were the public can see them, I may be wrong but I think this is trading standards requirement, To be honest dignity need to address many of their own problems first.
funeralman,
When you said 'we are heading into the period from war years that it would become very busy for them'
Whats did you mean ? What price do you need to close your short at ?
Any thoughts on this ? '
The Group has shared its research and supporting information with the CMA and will continue to make the case for agreed minimum higher standards. As part of this the Group is leading a cross-industry initiative, bringing together industry, consumer bodies and policymakers, to develop collaborative long-term solutions to improve standards and transparency across the sector.'
Some in the funeral trade said Dignity was buying up funeral homes every where because they saw in the next ten years now that we are heading into the period from war years that it would become very busy for them,
It seems they did not take into account of the competition, and the economic climate, Crems are seeing a lot more simple funerals of which dignity will never be able to compete , I have seen in the last couple of years people set up and in some cases built a business and took 100 to 300 funerals. a good funeral manager from DIGNITY can leave and take 70% of their customers.
This month is never a good month for shares. The first three weeks of February has a dreadful profit record in a bear market and as we are most definitely in a bear market! I had hoped for a Christmas rally...….and January can be a good month, but I am extremely wary in these markets and I am inclined to avoid taking any risks." Your money is your best friend" ask the Directors of Dignity....I'm sure they will agree with me!
As for dates, figures announcements this is not the time to be focusing on the minutae of individual companies......what ever they say good or bad prices will fall.
ahha,
Why February ? Surely the key dates here are the 4th January and 31 May.
Having fallen below £6.50 early this morning......it looks like there may be a Santa rally on this share. If you are nimble you might get a Christmas Turkey out of it...….but I really do think that the gains will be short lived by the time we get to February 2019
Dignity is behaving a bit like a Zombie or Michael Myers in the film Friday 13th. It keeps being hit down.....and then rises again only to be hit some more. Methinks its gonna take a lot more bashes yet! The price is currently at 666 the mark of the beast.....but I'm not superstitious. My prediction of £6.50 draws ever closer.
I was interested in the Phoenix theory. It could well be true!! Still no sign of directors buying. I guess all that is on their minds right now is how big the turkey will be on Christmas day......or maybe they will even lash out on a goose. Sadly most of the share holders will be on chicken wings! It would probably be better that most of us "died, so as to decrease the surplus population" …..it might even help boost the share price!
This was the Phoenix company I thought we were talking about, Thanks for correcting my confusion Auson. Is Phoenix Asset Management a different company?
If you want exposure to Phoenix Asset Management Partners then you could consider Aurora Investment Trust, which is now run by & on same basis as their own (Phoenix) fund (since Jan 2016). This used to be an utter dog but has improved.
https://www.aurorainvestmenttrust.com/cms/assets/247/tpfhenwrwxtmqmze553gnr6y/Aurora%20Investment%20Trust_November%202018.pdf
Of course our resident investment expert will have known this, he's clearly got the game by the bollocks.
ahha,
From what I can tell Phoenix Group Holdings is a different company and nothing to do with Phoenix Asset Management who are buying up DTY stock. Phoenix Asset Management is a fund for high net worth individuals ( minimum investment of £100k) and returns a solid 9% doesn't like risk and the managers invest their own money in the fund.
But there are a couple of posters on this board who think they know this company much better.
Personally, I think that buying Phoenix shares might be the safer bet. Since they have been buying DTY shares their price has been falling nicely and it is a share that I watch. They pay an excellent dividend.
I would leave it to me very learned friend Auson to look at the reports and discover what else they are invested in. I think this investigation is essential as my instinct tells me that of late insurance companies have been the darlings and safe havens of the investment world....but they may not remain so. The reason for this is that if they are mixed up with banks and other risky financial investments they will catch a cold as all investments will go down with them.
However, you are right to wonder why it is that Phoenix are investing so heavily in DTY. The inevitability and reliability of death seems to offer some assurance of income going forward and therefore a kind of insurance.
If Dignity is divested of some of its crematoria (as the CMA report mentioned as a possible remedy to the sick funeral market) its profits will nosedive.
This share really isn’t for me. The more I have studiedly it the less I’ve liked.
However I can’t see that much reason to put people off if they fancy a punt - because I can’t see what will hammer the price from here. All the bad news surely built in - and people will still be dying & this company will roughly hold its market share.
What I’m absolutely certain is that it will never (10 years) get close to its past highs. Won’t get past £13 in next 3 years.
I do hope it gets worse though. Vile business practices, utterly vile.
Nohearts translation service.
'I actually bought a few after a year of negative posting I will now change my tune with phrases like recovery play'
ahha is right this could well go lower, there is some serious downside momentum here and shorts increasing.
There may be a small Father Christmas rally...…..but just you wait and see what the month of February brings!
it pains me to say it, it really does, but this is probably about as low as this share is going to go - never quite got to 650.
Probably even a recovery play now.
The best thing that came out of the investigation was the fact that Dignity were called out on their claim that lower charging funeral directors do not provide the same level of service. The CMA found that there was no evidence of this!
It doesn't come much worse than fleecing people who have just lost someone they love. Do those directors have any conscience at all? I mean, how do they actually feel spending the millions they've made on the tears of the bereaved, many of whom have gone into debt to make them super rich?
Dignity have always called for regulation but hoping on their terms so to shut down the smaller independents
just another greed grabbing tactic . At one time there was moves to licence limo drivers in funeral companies with local council like taxi drivers that would of been fun for them and co-op.
Nohearts,
I think you've said all that before.. many times. In fact you've been posting on a board your not invested in for over a year now. I think thats very strange. So I will ask again whats your purpose here ?
Price gouging firms frequently want more regulation. Increases barriers to entry, discourages competition and the burden fall higher on small firms. As long as it is “their” type of regulation. What they didn’t want is price transparency and the CMA flagging what a bunch of Spivs they are.
It would take a heart of stone not too laugh,
Hoist by their own petard.
The penguin and this one have been good to me so I shall be holding them both until the final outcome.
Looks like the chuckle brothers have taken the day off today or perhaps they've bought in so won't be posting anymore.
Apparently news is expected. In the present climate, I am not expecting it to be that exciting. But who knows, we could get a nice surprise for Christmas. Personally, I would not bank on it......my instinct is that there is a 70% chance of disappointment. Having said this, I have no plans to sell my shares in this company, neither do I have plans to buy more until I see signs of sustained upward movement.
ahha,
I completely agree with you but it would look really bad if he bought back those £27 shares at £7 now wouldn't it I think the shareholders would lynch him !
Are we expecting news on the penguin in the Islas Malvinas soon ?
Director: Richard Portman 40,000 sold at £27...….lovely grub!
This is a guy who has real dignity and commands my total respect for his judgement as an investor!
The shares have dropped £20 and still he will not touch them with a barge pole.