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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dignity Plc | DTY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 549.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 549.00 | 549.00 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 17/7/2023 12:05 by exfortisd for those still interested. phoenix mention in the May factsheet they believe DTY is worth £30/share vs the £5.5 paid to minorities. they say plan to create £1bn of equity value in the next 3 years, 30% of which will leak out to phoenix via the incentive fee.meanwhile the clown at Artemis also published a factsheet, in which he brags about "negotiating directly" with the bidders to achieve the heroic price bump of 5%. this guy is also collecting fees on investor capital for such savvy dealmaking prowess... dignity board chairman is still chairman of the regulated entity. despite perjuring himself by endorsing a deal at £5.5 that was marked up to £30 jst months later hxxps://www.castelna hxxps://www.artemisf |
Posted at 19/4/2023 11:31 by exfortisd Worth noting that channon keeps 1/3 of value creation in CGL above the ftse all-share.On my maths, if over a 3yr period DTY increases in value 5x, rest of the junk in CGL increases 5% annually and ftse increases 5% annually. Then gross NAV would have increased 3.5x or 50% annually. But after channon performance fee, net NAV would only increase 2.7x or 40% annually. So phoenix sweep half the upside into their pocket via this transaction. complete disgrace. |
Posted at 18/4/2023 22:52 by sackofspuds Yes, Jake sold. Bid price ended tody at 552 so presumably may as well sell in the market now.Is anyone else tempted to take the 7.33 CGL shares? I'm 40% down having bought in 2018. Not sure I can see CGL price shooting up after the acquisition so maybe sell DTY now and buy CGL later. |
Posted at 08/3/2023 09:55 by exfortisd they delayed the castelnau placing - was meant to close 3rd march, punted it to 14th. 14th makes more sense as investors will want visibilty on the offer acceptance. it was more that the 3rd seemed quite an aggressive timetable to start with. but directionally sounds an incremental negative for their faith in the placing.in fairness they are marketing it with a presenation which basically argues they are buying DTY on the cheap, so not sure why they expect people to accept the offer... hxxps://www.castelna |
Posted at 10/1/2023 20:48 by gargoyle2 Anyone managed to decipher today's holdings RNSs from Valderrama? Yellow (SPC) Bidco Limited is the potential bidder, acting in concert with Sir Peter Wood, Castelnau and Phoenix. I can't work out what their current percentages in DTY are though. Nor have I seen a holdings RNS from John Jakes -- is he buying more, is he happy to accept the 525 bid? Still hoping that other shareholders will at least angle for a higher bid price, seems unlikely imo that Jakes will counter-offer. |
Posted at 09/1/2023 13:34 by exfortisd EDIT: advfn seems to block my linksIf you search "Dignity Finance" on the Euronext RIS publication database you will see all the announcements to the bondholders. There is one from 7 sep 2022 with the consent soliciation announcement. That announcement contains a link to the memo itself: hxxps://deals.is.kro However link appears to be broken (I accessed a couple of months ago). If you email the agent at Kroll they can probably provide. Always seemed a bit odd it wasnt easily accessible on the DTY website, tho perhaps that is customary with such docs |
Posted at 09/1/2023 08:03 by exfortisd Additionally, it seems poorly understood that the bondholder consent granted DTY the ability to sell the 7 crematoria assets to its own prepaid funerals trust. Releasing some cash to repay some debt, but without losing any control of the crematoria. This also gives the board full visibility over the timeline of the paydown (rather than the uncertainty of trying to find a third party buyer). Instead of explaining this properly to the market it seems they have chosen this opportunistic take private |
Posted at 06/1/2023 13:18 by edmondj Schroders declared 5% from zero yesterday: |
Posted at 31/8/2022 14:03 by velocytongo I think crem market share will be different as most undertakers do not own a crem and will use a third party like coop, dty or the council. |
Posted at 06/7/2022 13:40 by yikyak The catalyst/turning point here will be confirmation within an official trading update, the numbers that can't be spun. If US life insurance providers are getting hit on the downside with a 40% payout increase in 18-64 year old (working age) deaths then there must be a counterparty beneficiary to that in respect of funeral providers. We're seeing it with US funeral providers but not seeing it yet with DTY. We have the acknowledgement from the ONS but off the back of that I'd be very surprised not to see a dramatic increase in both revenue and profitability achieved by DTY. Especially given no attendance restrictions on funerals, spend should also increase. |
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