Dignity Share Discussion Threads

[eburne1960] 21/4/2015 23:11

I think this is the only one. You can find companies where only a small part of their business relates to DTY's. Off the top of my head, there's Gresham House - an investment company, where one of its investments is in a graveyard which has somehow had to be written down substantially in value - and CVS Group, a 'sister' company of DTY in the vet world, which has some pet crematoria.

[hiriam007] 17/4/2015 22:08

Anyone know of any other publicly quoted funeral directors, crematoriums (a?) etc

[rik shaw] 22/2/2015 09:44

See notice below:

[hydrus] 22/2/2015 08:46

When was the last capital return and how much was it?

[bscuit] 22/2/2015 00:14

Are you forgetting the frequent capital returns?

I have had about 25% of my original investment back in April 2007 returned to me and ignoring re-investment am up 177% in the period. The performance in the last 6 months has been very good--up nearly 50%.

[hydrus] 21/2/2015 11:54

Good company but this is getting very expensive, not sure the relatively low profit growth warrants such a high rating.

[che7win] 17/1/2015 09:51

Head and shoulders?

[jeffcranbounre] 16/1/2015 19:38

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[speedsgh] 09/12/2014 15:59

Funeral cost rise triggers MP's 'garden burials' warning -

[shauney2] 24/11/2014 09:02

Thanks Rik & b Also with Barclays

[b3842517] 24/11/2014 08:48

Not had mine yet, and with Barclays Stockbrokers. Queried it and they told me they only received the cash on 18th November and aim to then allocate it within 5 working days.

[rik shaw] 23/11/2014 18:11

Yes with TDW got div on 13/11 and consolidation settlement amount on 21/11

[shauney2] 23/11/2014 16:23

Still waiting for the special dividend in my acount.Anybody had theirs?

[speedsgh] 30/10/2014 14:06

Result of General Meeting -

"Shareholders have accordingly approved the Return of Cash to Shareholders of £1.20 per Existing Ordinary Share by way of one B Share or C Share for each Existing Ordinary Share and a 11 for 12 Share Capital Consolidation, as set out in the Circular to Shareholders dated 14 October 2014."

Payment should be on or around 18 Nov.

Link to the circular -

[speedsgh] 10/10/2014 13:43

Pricing of Secured Notes and intention to return £1.20 per share to shareholders -

Approximately £1.00 per ordinary share has now become £1.20 per share. That's the kind of surprise that I like on a Fri pm :o)

[speedsgh] 17/9/2014 13:52

Potential Return of Capital to Shareholders -

Dignity (the 'Group') is pleased to announce the launch of a proposal to the existing holders of its securitised debt, which if approved, is expected to result in the Group materially increasing the quantum and extending the duration of its debt obligations. As a result of the proposal, the Group's annual debt service obligations would be expected to reduce from circa £40m to circa £34m per annum and approximately £1.00 per ordinary share would be returned to shareholders (a total of circa £54m).

The interim dividend [6.49p] declared on 30 July 2014 will still be paid on 31 October 2014 and will not be affected by this announcement.

... Mike McCollum, Chief Executive of Dignity plc, commented:
"This is an excellent transaction for both our shareholders and bondholders. These proposals, if approved and implemented, will give the Group the opportunity to lock its debt in to the current favourable low interest rate environment for the longer term, whilst maintaining a structure that protects against increasing interest rates and refinancing risk. Shareholders are expected to benefit from a return of approximately £1.00 per ordinary share, the fourth return of cash to shareholders since flotation, whilst the Group's annual cost of servicing its debt should reduce by approximately £6m per annum."

[rik shaw] 11/5/2014 15:49

Yes the yield in 2013 was 0.8% but only ignoring the £1.08 return of cash. Forecast div this year is indicated around 1.3% and rising in future, with potential for further return of cash every couple of years based on past experience.

[bscuit] 11/5/2014 12:15

I was looking at my ISA portfolio on Sharescope and noted that the yield is only 0.84 and it has a very high dividend cover at 6.1 whereas SGC is my next highest DC share at 3.3 and pays a much higher dividend.

Yes there have been capital returns. I am no doubt thick but perhaps someone can tell me the operating cost per share?

It seems to me that the company is retaining cash for no obvious reason--unless acquisitions.

In that context given the Co-op's woes I suspect they would like to offload their funeral care business, but I doubt if DTY would be allowed to buy except on a fragmented basis for competition reasons. Thoughts?

For the record I am a long term holder being up 97% notwithstanding the capital returns.

[mike24] 27/3/2014 08:53

dty should consider setting up business down under,
oz consumer action law centre calling for better deals
ASIC's have laid bare all the problems/concerns
big opp's trading on their established reputation

[turbomouth] 06/12/2013 14:23

a buy in Money week today.

T

[bscuit] 12/11/2013 22:41

Aaaaaah well ,nothing goes up forever. It is annoying howan insti sale can hit a price.