Dignity Share Discussion Threads

[miata] 14/3/2008 09:45

The Guardian investment column: Dignity (buy) advantage of owning the stock is the business is predictable.

[miata] 13/3/2008 09:09

The company said pre-arranged funerals were up by 4.5 percent in 2007, with 197,300 people making plans and pre-paying ahead of their deaths.

The death rate in 2007 boosted earnings, with a 1 percent increase in people dying in the UK, compared to 2006, according to estimates by the UK Office of National Statistics.

The company, which has bought 27 funeral locations and closed two in the past year, said its outlook was positive, with good growth prospects.

"This is a business predictable to a high degree of certainty," analysts at WH Ireland Leeds said in a research note, retaining an "Outperform" rating on Dignity's stock.

The final dividend per share was up 10 percent to 6.67p.

[weemonkey] 13/3/2008 08:44

result look slightly ahead of expections

looks like a stock to hold until Dignity come for you!!!!

until death do us part then

[lochgarman] 12/3/2008 10:51

results out tomorrow....

in fairness though i bought dty at 6.40 this time last year..its now over £7.
It hasnt tanked like lots of other companies, so seems to be very defensive.

[weemonkey] 12/3/2008 10:26

always amuses me that this stock has such a strong beta when death is not affected by recession. if the market is weak then so is dignity bizarre. market up today dignity up. bizarre

[weemonkey] 28/2/2008 10:34

mryesyes

interims infer that the company will beat expectations for final year all things being equal.


and unless death has gone out of fashion I confidently expect them to do so

[mryesyes] 04/2/2008 17:35

told you it was overpriced
too many outlets with not enough diers

[mryesyes] 22/1/2008 13:12

its just that there's so many short term bargains around why bother with a recession proof bore like this when theres dosh you can collect quick?

[melody9999] 04/1/2008 20:42

was out yesterday at 717 after holding for a long while. tracking the ftse250 won't help this. but might bounce off long term trend line

[fatfin] 04/1/2008 17:01

Thanks. Less profit after today. Would think this would go up with the novovirus and the falling markets.Best to add it back in then there is no further questions from Hmrc.

Fatfin

[kasg] 04/1/2008 10:31

Fatfin - it reads as though the proceeds of the redemption of the B shares are potentially subject to CGT, unless HMRC decides to apply section 703 and treat it as income, which the Company thought was unlikely. How this CGT liability is worked out is unclear and it may well be that adding the £1 back in when selling the shares is the only sensible way of working it out. I'm in no way an expert on CGT and I didn't own DTY shares at the time of the cash distribution so it doesn't affect me.

[fatfin] 03/1/2008 20:57

KASG it was a return of £1.00 per share held as a "B" share distribution redeemable immediatly - so a "cash" distribution? it is where you see the price dip back in July '06. I seem to remember reading somewhere that when you sold you had to add it back in for CGT.

Edit: thanks for the link. As far as I can understand there is no further tax liable?

Fatfin

[kasg] 02/1/2008 22:49

Looks appealing after today's fall - but no point in rushing in tomorrow looking at the DOW. Haven't used 2007/8 ISA allowance yet.

Fatfin - how can a dividend be subject to CGT? If it's a dividend isn't it income by definition and irrelevant by the time you sell?

Edit: Read section 5 of regarding the tax situation following the return of cash.

[tipsytoad] 31/12/2007 14:29

and a very appealing t/o target into the bargain

[tipsytoad] 31/12/2007 14:24

imo this is going to be one of the few big winners of 2008

I agree with weemonkey, it is the only certainty in this world
and people will spend on saying goodbye to their loved ones whatever their circumstances

[fatfin] 29/12/2007 20:45

I held these when we had a £1.00 special dividend. When I come to sell is this subject to CGT?

Fatfin

[miata] 28/12/2007 17:01

Seems fitting that Scottish Widows should have a major interest, now 9%.

[weemonkey] 28/12/2007 13:29

sorry to be morbid. but death just does not go out of fashion.

[jl9] 28/12/2007 08:48

Sounds reasonable. The long moving average is a straight edge.

[weemonkey] 28/12/2007 08:32

JL9 the earnings are rock solid though and the comapany is growing slowly by aquisition. hence the strong rating

[jl9] 27/12/2007 16:18

The earnings growth seems very pedestrian. I can't see why these shares remain so highly rated. Anyone?

[melody9999] 13/12/2007 09:28

into the FTSE250 then. onwards and upwards

[melody9999] 17/11/2007 22:52

re-assuring statement and in these tricky times we should benefit from Dignity's defensive qualities