Dignity Share Discussion Threads

[deadcat49] 21/8/2006 16:25

The Easter Chick of Pestilence and the Bunny of Doom.

[deadcat49] 21/8/2006 12:44

Might be an Easter theme...

[m.t.glass] 21/8/2006 12:40

Saw that ;o)
They're all ganging up on us; birds, rabbits, ..
We are outnumbered.

[deadcat49] 21/8/2006 10:55

Forget Chinese chickens, now the rabbits are coming to get us

[ddav] 10/8/2006 16:23

I've also topped up, in my ISA ---- There is no reduction in price, you get 7 new shares for every nine given in for cancellation plus £1.00 for every share originally held, people who bought recently, up to the cash offer will break even, those who have held for some time will be very happy!

[fatfin] 10/8/2006 12:09

If you are holding these shares b4 consolidation then:

100 shares at £5.40 = £540.0

Post consolidation:-

77.7 shares at £5.82 = £452.20
Plus 100 shares at £1 = £100.00

All depends where you bought them in the first place.

If you do not have to pay tax on the £100, as implied by another poster, until you sell the original holding the £100 is tax free at present. No income tax. Personally I have just topped up to my original holding.

[wonderboy] 10/8/2006 10:59

mryesyes, despite today's drop, I also believe the price may recover the £1 reduction and I'm happy to continue holding DTY. Think your "no dead cert" comment is not only appropriate, but correct!

[india93] 10/8/2006 09:07

mryesyes

be interested in the analysis if you have it

ie names and PE

would be most useful

thanks in advance

[mryesyes] 09/8/2006 23:47

WB this is a great share but there are becoming increasing valuation concerns - don't get me wrong. I hold more in DTY by value I think than anything else and I suspect the price may quickly recover the £1 it goes down by but there comes a time of reckoning. There is no "dead cert" to match it on the LSE but in bigger markets companies in this field are plentiful and the P/E here is now almost triple the North American average for funeral service businesses; so no takeover from there!!!

[wonderboy] 09/8/2006 11:54

It appears that the B Shares will automatically be redeemed as cash, which means that any reinvestment back into DTY will be subject to stockbrokers commission rates on that cash. On the relatively few shares I recently bought, this exercise seems to have disadvantaged me at least.

[m.t.glass] 04/8/2006 00:41

Over the past decade I don't think I've experienced more than a couple per year involving my own stocks - and the nature of each has varied enough for me to have to do some headscratching each time ;o)

[typo56] 03/8/2006 12:15

They are not that infrequent, I can think of three cases of capital returns with consolidations this week alone:- VOD, TPT and of course DTY.

[m.t.glass] 03/8/2006 11:08

Some of these various corporate actions happen so infrequently - or at least not frequently enough to affect whatever one happens to be holding - that few of us become knowledgable enough to fathom how they work!

I rely on quizzing whichever BB contributor happens to know something and doesn't mind helping.

[dj01] 03/8/2006 10:43

typo 56

thanks for the information tying to learn all thetime. However the more I find out about the more I realise I have to learn.
If only I had waited another day the Rns would hve explained but even then your explanation is in plainer english

many thanks
DJ01

[m.t.glass] 03/8/2006 10:40

"..... Anyone know of any more DTYs out there?!..."

BYG perhaps?

[melody9999] 03/8/2006 10:03

The other thing that occurs to me is , now that the uncertainty is out of the way.....any watching investors with funds available from sale of more volatile stocks, will be tempted back into to DTY.

Any one know of any more DTYs out there?!

[india93] 03/8/2006 09:19

this is one share you can take to the grave....

top performer

[typo56] 02/8/2006 21:20

dj01, the redeemable B shares are temporary, and will automatically be redeemed for 100p. The reason it is done this way, rather than through a simple dividend, is so it will be classed as a capital return, not income. Futhermore, I believe that for capital gains purposes the return will be regarded by the Inland Revenue as 'small', which means you don't account for it until you come to sell the underlying shares to which the capital return relates.

[dj01] 02/8/2006 19:17

I may be very much mistaken, as I must admit that I don't understand all the terminology. But I read the statements as the "cash" being issued as a redeemable class B share. I didn't undestand that any imediate cash was involved. Can anyone please explain the statement

"regarding the return of cash of GB1.00 per existing ordinary share by means of a bonus issue of redeemable B shares,"

What is this type of share and what can be done with it?

[melody9999] 02/8/2006 13:09

I'm just happy to keep holding. If I'm receiving £1 a share, I'll just take that as a free opportunity to top-slice.

[bingobingy] 02/8/2006 12:23

The whole point of the return of value and the associated consolidation is that once the shares are consolidated and you receive the cash you are no worse off in effect. In reality, we've made a substantial profit as we bought DTY at 265p. The share price may retrace slightly, but if like our investment club, many holders of this stock take a longer term outlook, which I believe still offers much growth. HOLD.

[davpat] 02/8/2006 12:01

Well, from previous threads of mine here I've shown ignorance of the full understanding of what's going on. I suppose if people are still buying they must think it's worth it. By now I was hoping somebody would be 'coffin up' with a definitive explanation!! Let me try this one. Am I correct in thinking I am to receive a cheque on 11 August for £1 for each share I owned on the record date, and be left with 7/9ths of my original shares, now called 'Consolidated Ordinary Shares'? Any comment anyone?
DAVPAT

[lovelyjubbly] 02/8/2006 10:12

Typo - thanks for that explanation. Maybe if it retraces a bit with the market this month I will get back into the new shares as it does seem a good safe stock - With my luck it helps! Good luck to all who are in though...

[typo56] 02/8/2006 10:07

LovelyJubbly, the ex date for return of 100p capital and 7 for 9 consolidation is today. That's the reason they're up. Thus 540p last night is equivalent to 565.71p this morning. They are therefore only slightly up this morning, and below the equivalent of the near 550p there were trading a couple of days ago. ie, basically within normal market noise.

BTW, ignore the ADVFN charts. They can't cope with these situations!

[lovelyjubbly] 02/8/2006 09:19

Well, I have to admit I made a big mistake with this one selling last month at 487p,albeit with a small profit. I must have read the latest situation wrong. My analysis runs...

1000 shares at 570p -> £5740

When they appear back on market with 7 for 9 shares gives...

-> 778 new shares, which assuming they start at present price -> £4423 + £1 per old shares bonus (£1000) = £5423 ???

i.e. If you buy 1000 shares today as people are then you will be £300 worse off by the end of the week (even when the £1 per share bonus turns up?)


So, why are people buying in??????
Still, it's their funeral as the saying goes ha ha