Dignity Share Discussion Threads

[siskinbird] 27/6/2005 12:58

rhiw
Good call - looks as if you are right. Up again today despite some big falls elsewhere.

[gswredland] 24/6/2005 06:59

Yes i would agree with that rhiw..good to see it on the move again!

[rhiw] 23/6/2005 14:15

Today's advance takes this share into break-out territory - one's patience is about to be rewarded - would expect to see the price nearing 400p before the interim results due on 8 August.

[gswredland] 23/6/2005 12:22

yes excellent..about time!

[billfisher98] 23/6/2005 11:52

Breakout now in progress. Good opportunity to top up.

[pf99] 16/6/2005 23:22

Chart action in the range is right towards the top, up is the only way this baby's going! Breakout should be any day now...

[billfisher98] 16/6/2005 18:54

Yes, a very good chance this one will be moving into new territory soon after establishing a solid base. Volume is up today with those 2 big institutional buys going through. Good to see such confidence in the stock. A few points more and its blue sky ahead.

[gswredland] 16/6/2005 12:01

We really have had a period of consolidation. I think we may head north soon.Hope so!

[gswredland] 16/6/2005 11:40

Thanks for that insight MTGLASS.

[m.t.glass] 16/6/2005 11:32

Dunno - but none of the six MMs blinked an hour earlier when the deals went through..

[davpat] 16/6/2005 11:27

Phew! Where did that 1million+ buy come from?

[davpat] 16/6/2005 10:01

Thanks for the insight MTGLASS. Perhaps it is only window dressing after all and any effects on stock activity won't necessarily be apparent to us anyway. It's DYOR as usual, and to me if the company wants exposure then news is everything. One of my other stocks NRG has been bone dry for news for too long. Not good. thanks again.
DAVPAT

[m.t.glass] 15/6/2005 12:08

Yep. Like you said, you are quoting the LSE spiel. I am among those who see it as a bad move for some of the quieter stocks where this combined Sets/mm system will allow some very sneaky manipulation by MMs who will sit well back from what is meant to look like a small handful of other players' orders, but which will sometimes all be orders temporarily posted by MMs (or friends of) for a purpose, and pulled as soon as purpose is fulfilled. Those quotes will give a false impression of tighter spreads (so the LSE can say "Look - it's working.") but will be for such tiny and temporary quantities as to be useless and misleading. Those who get taken in will then find themselves quickly stopped out when the (supposed) non-MM quotes evaporate, leaving only the visible MM quotes. Not such a problem on the busier stocks where such antics are usually swamped by genuine stuff, but progressively worse the lower down the rankings the system is extended. The system does set a maximunm spread (5% on some stocks, 10%, 15% on others) which sounds good, but even 5% will be a shock to some punters taken in by the (say 1%) spread used as bait. Especially those who took out leveraged positions via spreadbets etc..

As long as the manipulation is not too blatantly obvious, the chances are that a blind eye will be turned, or that insufficient evidence will ever be available to bother doing anything. (The LSE won't want to admit their system is so easily exploited). Skilled players (now muttering "Shush - don't rock the boat!") might be able to join in and exploit the situation, but the innocent punters will be left scratching their heads and peppering the bulletin boards with questions about "what is going on with (whichever stock)?" Some of the apparent additional trading (which the LSE says will be created) will be punters jumping ship after being hooked ;o/

[davpat] 15/6/2005 11:13

Like you gswredland, I am wndering why MTGLASS has signed off with a glum face. I was under the impression that the sets/mm system was introduced by the London Stock Exchange for market makers to provide broader market support, tighter spreads and improved liquidity of a stock. The small cap market is introduced on 11 July and DTY is one of those stocks. I'm quoting from the LSE's website here so I can't see anything wrong with it. Have I missed something MTGLASS?
DAVPAT

[gswredland] 15/6/2005 08:46

Sorry to ask MTGALSS but what are the implications of this please?

[m.t.glass] 13/6/2005 11:20

I see DTY is one of the many seaq stocks becoming a sets/mm stock next month ;o(

[pf99] 11/6/2005 15:13

Dignity, by now as its poised to breakout to new highs after its period of consolidation, has shown itself to be an excellent and consistent performer. With solid fundamentals and a great chart, this share has plenty of potential to keep moving northwards.

[gswredland] 21/5/2005 07:28

LOL...well it can only benefit DTY.Good to see initiatives like this.

[davpat] 20/5/2005 17:25

Personally speaking, I wouldn't be seen dead in Tesco.
DAVPAT

[m.t.glass] 20/5/2005 11:31

"I'm dying to shop at Tesco" ?

"Tesco deals to die for!" ?

[m.t.glass] 20/5/2005 11:26

Now Tesco helps at the final checkout
Sean Poulter, Consumer Affairs Correspondent, Daily Mail
19 May 2005

SHOPPERS are to be offered money off their funerals in a new Tesco loyalty card scheme. They will be able to use vouchers earned through supermarket purchases to help ease their way into the hereafter.

Tesco has signed a partnership with Dignity Funerals, which offers four standard cremation plans ranging from £1,725 to £2,475 depending on the lavishness of the arrangements and the location.


The new Tesco Clubcard 'Deals' brochure offers a £10 voucher towards a range of purchases, including the funeral plans, based on each 250 points collected by the customer.


Normally, shoppers get one point for each £1 spent, so spending £250 would generate 250 points, with vouchers worth £2.50. However, the 'Deals' brochure quadruples the number of points, so spending £250 generates 1,000 points, with a voucher for £10.


Using this equation, a shopper would need to spend some £43,125 in Tesco or buy some 98,011 cans of Heinz baked beans at 44p a time to qualify for the cheapest funeral.

Tesco Freetime Director, Steve McArdle, said: 'Sorting out funeral expenses and arrangements can be stressful and upsetting for grieving families. Many people prefer to make their own arrangements and a funeral plan can help do this. It is a big expenditure and customers have asked for our help, which is why we've now included funeral plans.'

[gswredland] 20/5/2005 11:20

Have they been tipped today anywhere?

[reynup] 19/5/2005 12:35

A review of the papers on BBC news 24. last night a correspondent reported that Dignety was taking Tesco points. Perhaps someone could confirm this. I believe the article may be in todays Times.

[gswredland] 17/5/2005 17:53

Ok mryesyes. Large buy at the close today..21,000.

[mryesyes] 16/5/2005 21:49

But profit is not assured £3m profit on £300m t/o is very close to a trading loss so there is downside