Dignity Share Discussion Threads

[jonc] 06/5/2009 15:20

looks as though there is queue to sell...

Might offer the sellers a qBot...

[mr hangman] 06/5/2009 15:18

Oi mind your own buisness, p*ss off back to LOQ..

[jonc] 06/5/2009 15:04

Straight through 500p support.

Will it hold??????

[miata] 05/5/2009 13:51

Per Digitalook (reliable)
Dignity Beta is 0.32

Dignity P/E Y/E 26-Dec-08 15.4
Forecast P/E Y/E 31-Dec-09 13.1


Per ADVFN (less reliable)
Beta 0.53 PE Ratio 13.11

[salpara111] 05/5/2009 13:45

Been in these for a long time and sit on a pretty good gain. I recently took the opportunity to top again at £5. It is not dirt cheap but now trades on a forward p/e of circa 10 which is what triggered my buy.
The important point to realise with DTY which no one seems to realise is that the Beta on this stock is negative....ie it is essentially a defensive stock so as the market has bounced back strongly in the last 2 months, it should come as no surprise that they have fallen back. The market is in risk seeking mode and as such has moved into retailers etc, just look at the enterprise value now attached to Debenhams...circa £1Bn debt and market cap of 800m so enterprise value of circa £1.8 Bn but profits after tax of circa 80M.
The reason I have gone into DTY again is that I think that the 24% bounce in the FTSE will shortly run out of steam and while I dont expect it to track back down to 3500, I do expect it to retrace some of its recent euphoria and when that happens DTY should benefit.

[kallista] 04/5/2009 19:53

OK, hear your argument.

Sounds like peeps trying to talk this down.

Disagree.

Only 2 things certain in this life and the other one is taxes.

Do peeps spend less on a funeral in a recession? Of course they don't; they still give their nearest and dearest the best possible send-off.

This business is recession-proof.

I just bought in and I will probably buy more.

The divi is probably more than I could get sticking my money in the build. soc. anyway.

If I were a director I would probably have done the same. Built the business up, floated it, and then seen the lifetime plan sliding gently down the sh*tt*r with the rest of the market. What would you do?

It would be nice to see Directors buying back in. May not happen.

Still a rock solid business in troubled times.

[cw2000] 04/5/2009 19:22

JonC - bozzy
Tend to agree - the chart looks quite awful.
A great little company, however, the price is too high at the moment for an investment. Given the debt levels, slower growth and poor div, I too will wait 'til well below 400p before looking to buy.
bozzy - see you in June/July!

[bozzy_s] 01/5/2009 18:55

Miata - depends on whether you believe the hype. Facts are, at the moment, 8 people have it in the UK and 1 person has caught it from them. All doing ok.

Was there not some doomsday prediction of 10,000 plus people dying from BSE a few years ago? And SARs? And Bird Flu?

I suspect, as in those cases, it's being hyped up by the media who have to sell newspapers / attract TV viewers / radio listeners.

My prediction is there will be fewer than 10 swine flu deaths in the UK, thus having no effect whatsoever on DTY.

Summer heatwave might bring forward some customers, but obviously leave a vacuum behind it as the very frail would have already gone.

The combination of directors selling tons of shares at 550p / people switching to better-performing recovery stocks / DTY's high forward P/E rating still looking bad vs most other stocks on the market will see this continue to fall. It has been a complete dog in the past 6 months and yet still looks overpriced vs other stocks. 350p end-June is my prediction. Money better off elsewhere as market recovers.

[jonc] 01/5/2009 15:39

Shocking looking chart. Ready for another leg down???

[romi2nikki1] 28/4/2009 16:38

Might do, particularly if there were further mutations

[miata] 28/4/2009 15:38

Will swine flu increase the customer base?

A swine flu pandemic could infect up to 40% of Britain's population, a WHO expert has warned, as the health agency raised its threat level in the wake of the growing crisis.

Professor Neil Ferguson, a member of the WHO's Pandemic Influenza Taskforce, fears the UK could get substantial numbers infected in the next few weeks.

[knowsleyman] 07/4/2009 12:27

fl4anders

Could it be that the directors of the company, who are the ones in the know, chose to sell a substantial number of shares into the market at £5.50?

At the moment their timing was perfect!!!!!!!!!!!!

[fl4nders] 06/4/2009 15:50

does anyone know why the big fall today? Just an end of tax year thing or something else?

[jimee] 02/4/2009 21:03

I am wondering if I should follow suit and sell too?

[glennborthwick] 02/4/2009 18:22

greedy directors selling over a million pounds worth. Doesnt exactly give you confidence.

[knowsleyman] 02/4/2009 17:47

Not a holder, just a watcher with a view to buying.

After seeing how much confidence the directors have displayed by the amount of LTIP sales I do not think I will at the moment.

Do the men in the know think that they have a lot further to fall?

[romi2nikki1] 30/3/2009 16:44

brief uplifting note from KBC ( anyone with TD Waterhouse acc can access.

"The Dignity share price has dropped back by 20% over the last month. There has
been no change in underlying trading and the only negative news is the lower
return on the company's cash balances. We suspect this to be short-lived as the
return on acquisitions looks more compelling currently.

In essence, we believe the decline to be due to a rotation out of low beta stocks
and into those with greater recovery potential. This provides a golden opportunity
for those that favour secure, long-term growth companies to invest at an attractive
level. The rating is now only 12.2x to December 2010E, with a FCF yield of 9%.
This is low for a company with a very consistent performance and excellent longterm
prospects. Furthermore the shares look very oversold on the RSI (Bloomberg:
DTY Equity RSI GO) as shown below."( sorry dont do charts)

[mr hangman] 30/3/2009 14:54

Anyone know weather Jade Goodey is useing a DTY parlour ?, 25 cars apprently
1 lucky undertaker in Bermondsey is going to clean up

[serratia] 30/3/2009 13:08

Edmond,

It's very uncertain,the booze ,fags and chocalate companies are working to bring it forward .The NHS is working to delay it and Brown is trying to ensure we can't afford it.
Even the annuity experts couldn't see it being delayed until they wanted to drop the rates.

[edmondj] 30/3/2009 11:00

Blimey, who would have thought 'death' involved so much uncertainty!

[stnick] 30/3/2009 10:59

no i am the Saint!!

[stnick] 29/3/2009 23:35

mr hangman,

not an undertaker as such but i work in close relationship with the underatking profession.

happy to share my thoughts...