Dignity Dividends - DTY

Dignity Dividends - DTY

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Dignity Plc DTY London Ordinary Share GB00BRB37M78 ORD 12 48/143P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  -5.50 -0.97% 563.00 567.00 556.00 563.00 568.50 16:35:12
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Industry Sector

Dignity DTY Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

jamie48: Dignity, the price gougers, have had their day and the only winners are the board of directors who sold before the share price went through the floor. The CMA will insist on them becoming more ethical and transparent, it's long overdue.
the real stan: Trouble is with a huge debt burden the share price might continue to look cheap all the way down to zero.....
checkers2: IN FT LEX today:Dignity/funerals: profiting from loss Poet and playwright Ben Jonson, pleading poverty, opted to be buried upright in Westminster Abbey. His worries about funeral costs are widely shared in the UK. They have risen at twice the rate of inflation since 2004. Politicians and regulators are determined to intervene. A crackdown on the “shameful̶1; high pressure selling of pre-paid funeral packages is the latest salvo. The sale of these will be regulated by the Financial Conduct Authority, the Treasury says. Listed undertaker Dignity welcomed the move. Even so, its share price fell 4 per cent. The move will hit Dignity’s pre-paid funeral business, currently a quarter of the whole. Bad publicity will reduce the popularity of the plans. Compliance costs will rise. The total impact should be modest. Dignity has already stopped booking profits when a plan is sold. A much bigger investor issue is the full-blown investigation announced in March by the Competition and Markets Authority. Barriers to entry are low: the number of funeral companies rose 83 per cent between 1989 and 2017. Dignity has just 12 per cent of the market, while its bigger rival Co-op Funeralcare has 16 per cent. Previously, the shares had been seen as a strong defensive investment. But a recent price war, along with news of the CMA probe, has hit Dignity’s stock hard. After losing more than three-quarters of their value since October 2016, the shares trade on a multiple of 11 times forward earnings, down from a long-term average of 18. If the CMA does not opt for draconian remedies such as price controls, it is possible the shares have plumbed the depths. Dignity’s fortunes could turn, especially as the long-running decline in the death rate goes into reverse. But investors should steer clear until the CMA probe is over. Ominously, it singled out Dignity’s top-of-the-range profit margins as symptomatic of a market that is not working well for consumers. Bereaved families may be price-insensitive; regulators are not.
hussyo: This is the full fat investigation, with conclusions en all. It's mandated to report by end of May. The phase one report suggested several possible future outcomes, one being to set up an industry regulator. They were conscious in the phase one of not over-burdening the industry or government with costs, while admitting something needed to be done as they weren't confident of self-regulation. * I looked at the timeline of the doorstep lending investigation and overlaid it on the Provident share price - barely a blink. That industries later issues were either self-inflicted or illegal, though you could say the regulator was onto them by that point so any unethical practices were pounced on.
this_time_its_different: Current assets at £94 million does not look good, they were £170 million a few years back. Justified drop in share price, will probably trade up to £10 and then hit resistance. One for the brave, not for widows or orphans.
this_time_its_different: RIP share price (excuse the pun).
tiger60: To be honest this will be seen as a buying opportunity. This is a company that has seen its share price stripped back quite drastically over the last few months and the news today is mostly a retrospective view of the industry. Dignity have adjusted price down accordingly. They have shown strong signals that they are listening and adapting If a company is forever beholden to past pricing which at the time was accepted practice how does it ever move on? Do you penalise them on a continued basis or try to make amends by pricing funerals that is both sympathetic to their customers and result in a successful and profitable company. That is an incredibly hard juggling act but one that can drive a company ethos Dignity is not a charity but to live up to its own name must make efforts to close the gap, and to a large degree I think they have done this. The news today is putting in black and white what most already knew and in fact what Dignity are already trying to address going forward. This will be 4 figures again very very soon. It is a business that will defy market turbulence and become a strong defensive stock again. Strong buy.
countless: Interesting to see that Phoenix Asset Manahgement has increased their holding over the last several weeks by over 52% - they now own 9.358% of DTY. No short positions either. Feels positivelets hope the share price reflects the confidence.
shard of glass: I've taken a position in Dignity on my portfolio this morning as I see it that it is they that have been campaigning for any enquiry and are happy to share what information they have already collated. Given this I think it has already fallen too far even before today and I also noted a recent Director buy at 1090p. In terms of news there is plenty out there. Office of National Statistics data on death rates is showing deaths for this quarter so far around 3% up on the same period last year and in the quieter summer part of the year as well. That also follows on from a good first quarter with the death rate some 7% higher. hTTp://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths/datasets/weeklyprovisionalfiguresondeathsregisteredinenglandandwales Additionally virtually every day you are seeing London in the news headlines for knife crime and with the death rate in London overtaking New York. The associated murder and the death rate in the capital seems at an all time high and these things all factor in and contribute. Just google search London and knife crime. If things continue as they are presently then on the 1st August there may be potential for a significant boost to the share price for on that date you should get the Interim / 6 monthly results to the 29th June reflecting this and also the result of the ongoing pricing review. all imvho, dyor etc
kramch: Did a bit of digging here after the share price fall, high debt which doesn't seem to go down despite headline profits, NAV doesn't go up despite pitiful dividend, where are the profits going? Now enquiry into RIP-off funeral plans. K.
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