George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
https://uk.finance.yahoo.com/news/britains-competition-watchdog-launches-funerals-072411476.html
Just about says it all...an in-depth market investigation into pricing in the funerals sector, hopefully they will worm out the sharpe and hidden practice of these companies that continually rip families off day in and day out.
when I say ripping off families I mean buy the hidden profits / comissions on surplus items like flowers, death notices, service stationary....etc etc
Well if your looking at the bigger picture, I would be looking at this so called simplicity cremations that is being advertised in the media, nothing to comfirm who they really are but on a closer look at the small print on their web site.... trading style of Dignity Funerals Limited..
So whos going to benefit from any profit generated by this sideline, share holders, directors...
How can you even say that " You have customer base that keeps dying, which other companies do not want " anyone who bought a pre need funeral plan is tied to this company and thats just a simple fact........ as for the other customers / clients.... they do have freedom to use anyone they chose and in alot of cases, ppl out there are comparing prices more.....this company have out priced themselves and have been more many years, its just a shame that once high turnover funeral homes have been run into the ground
Just seems to alot of token purchases being made by those ppl that are hoping for a easy buck, not interested in the long term... if they loose money then more fool them, but this could be part of the reason...Seems to me no ones investing coz of profit warnings
Thanks Benjie, That is something I didnt see and makes interesting reading....When youve worked in the funeral sector they seem to dress it up like there the best thing since sliced bread and the best thing to have... All this current bull crap about this companies issues are issues that have been there for years...
I think some of you need to do your research firstly before using claims of pyramid schemes and how a company books profit plus that statement funeral plans are the next big missing scandal Let me point out if your had been bothered to look at pre paid funeral plans under the terms and conditons you'll find the folowingMoney is paid into National Funeral Trust, Ernst and Young are the appointed auditors and conduct annual audits of the Trust�s accounts the company is paid an allowance for the marketing, administration and lifetime customer management of a plan..In the unlikely event that we were to go out of business it may however mean that we would be unable to provide the funeral we had promised to provide. If this happened the Managing Trustees of the Trust would work with the remaining Nominated Funeral Directors, and where necessary seek to appoint new Nominated Funeral Directors, to continue to provide services to Planholders
So some of the directors have put there hand in and bought some shares..whopiee doooooooo, has this been done to instil some confidence with would be investors or has it been done purely to try and jack up the prices... only time will tell but for me, I'd still air on the side of caution ... added more funeral home year on year, yet the funeral figures arnt increasing.....Thats not growing a business and more reason to be cautious is still the fact of reported 565.7m debt,
What do you mean Auson... opening their own crematoria ??? the crematoriums are open to every funeral companies, doesnt matter who uses them...as far as the pre need fund, you'll probably find that its protected against inhouse investment / debt coverage
and you also have to observe these businesses that sell invariably the former owners either finance a new ventures in the same field down the road or finance ex colleagues willing to set up....... overall there is only loser in this.....
Profit warnings, price freezing, warnings about competition.. what aload of hog wash ... it is just a simple case of pure greed and losses of market share... The competition has always been there, infact more independent funeral homes are opening year on year because someone is loosing market share, Once great funeral homes that could boast high funeral figures are a shadow of what they once where..
http://www.lse.co.uk/AllNews.asp?code=0q8f5sjq Klarus Capital Ltd expanded its stake in the funeral services firm further to 5.2% in a transaction on Thursday
This makes interesting reading..... https://www.fool.co.uk/investing/2018/01/28/dignity-plc-isnt-the-only-cheap-stock-im-avoiding/
Listen here Seems like the cremators have really been left on all night and competition is really hotting up for some, for others its going to be very long cooling down , price restructures not really good news for any investor but Howard Hodgeson has thrown his hat back into the ring its certainly going to put the cat among the pigeons. So its really true you can get a funeral simple without the premium price tag, but then I blame the corporate boys jacking the price up year in and year out to maximise profits whilst the independants bring up the rear with a cost difference of several hundred pound cheaper and the simple fact is that ppl are shopping around