T L WILLIAMS14 Mar 2018 12:58
I have been watching DTY for a long time....I remember 5 years ago when they were around �7 but they paid a lousy dividend.......then to my amazement the SP climbed beyond �20 a share.
Actually, had it not been for my losses on CNA recently, I would have definitely bought in at around �7.50p as I had been waiting for the fall....and it actually exceeded more than I could have wished for, But because of CNA.....which dropped....and then took another big plunge after that, I wondered if DTY would become even cheaper. As you say the markets are so unpredictable and treacherous at the moment.
One thing I would say, is that DTY are a good defensive share!!! People are not going to stop dying.......and as they own most of the Crematoria they have a major competitive market advantage. Presumably, they can charge their competitors more for the use of Crematorium than they need to charge as they own them. This will surely drive many independent Funeral Directors out of business in time and they will have a monopoly. I cannot say that I like Dignity as a company that much.......the old family businesses took some beating.......but as an investment.....I feel sure they will be a winner!!