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DTY Dignity Plc

549.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dignity Plc LSE:DTY London Ordinary Share GB00BRB37M78 ORD 12 48/143P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 549.00 551.00 570.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dignity Share Discussion Threads

Showing 1401 to 1424 of 2575 messages
Chat Pages: Latest  67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
18/4/2018
12:26
If rubbish relates to my comment above, I think you may have misinterpreted me. I’m saying the market is dramatically under-valuing Dignity. I’m referring to the re-rating of the share price from £25 a share to less than ten.

Salty.

saltaire111
18/4/2018
12:12
Rubbish. They are saying the the expected take up of budget funerals has failed to materialise to the extent they expected and there for they are still selling the higher margin funerals, added to the increased deaths we have an EBIT of 32m for Q1. Stonking result, let's hope it continues through to HY.
hatfullofsky
18/4/2018
11:55
Mip55 I’m four grand up this morning on six week old investment in dignity so I couldn’t really give a stuff.

My view is the market’s overreacted to the yield erosion and is fundamentally mis-pricing the business. Too many have discounted the management’s ability to manage cost and innovate.

Salty

saltaire111
18/4/2018
11:11
I think you're confusing the Q1 results which are significantly better than what the BOARD were anticipating with the total 2018 expectations which are ahead of what the MARKET were expecting from the company.In essence the board is saying we've made a good start to the year - largely due to, it seems, the increased death rate and therefore we will do better over the year than the market might have anticipated but certainly not WELL ahead.
mip55
18/4/2018
10:09
Mip55 - semantics. Significantly ahead or well ahead. We get to the same place.

Salty.

saltaire111
18/4/2018
07:04
"Significantly" ahead, if lacking confidence it is indicative of 2018 overall:

Dignity's Q1 revenue was approximately £95 million compared to £93 million in the prior year and EBIT was approximately £37.5 million in line with the prior year, but significantly ahead of the Board's expectations.

Despite this positive start to the year, the Board still believes it is too early to conclude that the trading experienced in Q1 is indicative of the likely funeral price / volume mix going forward and the Group continues to conduct a significant number of price and service trials across its entire portfolio. The data from these trials is still at a very early stage and it is not yet possible to draw any meaningful conclusions. The Board continues to believe that trading during 2018 will be volatile but based on the first quarter results believe that results for the full year will be ahead of current market expectations. In August 2018 the Board will be able to update the market as to results of these trials and the operational review being undertaken in conjunction with L.E.K. Consulting. The Board expects to announce the full first quarter results on 14 May 2018.

edmondj
18/4/2018
06:56
The version of the RNS I read appears to be missing the word WELL, where did yours come from ? Good news certainly but let's keep it factual.
mip55
18/4/2018
06:45
Great RNS this morning. Trading in Q1 2018 expected to be well ahead of market expectations.
saltaire111
21/3/2018
10:19
Securitisation structure
• Main source of debt funding continues to be from the Group’s securitisation structure, which was restructured in 2014
• £565.7 million principal outstanding publicly traded investment grade securitised debt in issue, £238.9 million issued at circa 3.5% and £356.4 million issued at circa 4.7%, overall cost circa 4.2%
• Principal amortises over life of loans and is scheduled to be repaid by 2049, therefore NO REFINANCING OR ROLLOVER OF FACILITIES
• Interest rate on outstanding principal is fixed for the life of the loans
• Certain covenants to preserve cash flows for benefit of bondholders
• Total annual debt service (principal and interest) circa £33 million
• Given the trading update in January 2018, the Group does not need to take any remedial action in respect of the Secured Notes in issue

Financial Covenant
The Group’s primary financial covenant under the Secured Notes requires EBITDA to total debt service to be above 1.5 times. The ratio at 29 December 2017 was 3.24 times (2016: 3.37 times).

Other debt facilities
• £50 million revolving credit facility
• Available until July 2021
• Option to renew for a further year with RBS agreement
• Margin of 150 – 225 basis points over LIBOR (depending on leverage)
• Whilst undrawn, the facility will incur a non utilisation fee of circa £0.3 million per annum
• This facility continues be available to the Group following the trading update

The above is copied from the latest preliminary announcement and is freely accessible on Dignity’s website, even to alarmists like luci.

jacks13
21/3/2018
09:12
It’s not in debt if you take the company’s substantial actual assets into account in its balance sheet.
saltaire111
19/3/2018
11:24
Care to add some substance luci?
jacks13
19/3/2018
10:31
Several billion in debt. this is going to tank and tank again
lucicavi
16/3/2018
09:19
Is the bottom in here, seems a plethora of directors think so with substantial buying.
celeritas
15/3/2018
19:01
nice too see
mozy123
15/3/2018
16:29
Huge director buys.
celeritas
14/3/2018
18:02
Tiger I think you got it very very wrong again
jonesy2222
14/3/2018
17:48
Also their pre-planned funerals have a surplus worth £3.2/share according to them if they use a realistic discount rate
aakash30
14/3/2018
10:18
Good decision - now i hope they buy some equity! Probably wont!
mozy123
14/3/2018
09:35
Good trading update, showing the sell off was overdone as expected. Also this is welcome:

Directors’ remuneration
The Group’s 2017 financial performance was sufficiently strong to justify an award to Executive Directors of 95per cent of the maximum amount possible of their annual bonus opportunity. However, in light of the significant reduction in financial expectations for 2018 following the trading update in January 2018, the current Executive
Directors have decided to voluntarily waive their entitlement in full.
In addition, no Board member will receive an increase in basic salary or fees in 2018.

aakash30
08/3/2018
17:35
Iamnotanumber is an idiot, poor fella thinks he can guestimate what is going on, the fella is deludedly! He has lost all his money on stupid investments, he stil like to talk as if he knows what he is talking about, the fella is a fool, best to ignore but it seems like you all do ignore him anyway!
therealdeal5
08/3/2018
16:14
Tiger, all independent hate Dignity with a passion, because the compete aggressively in what we’re their nice cozy mini-monopolies. Dignity come in and disrupt their businesses so thst’s Why the diss them at every opportunity.
saltaire111
08/3/2018
13:01
Looking at the segmental analysis, funeral services assets as a percentage of total assets remains static at 61% (2015/2016), but crematoria assets have grown from 21% to 26% in the same period. So you may be right Tiger.
jacks13
07/3/2018
17:15
going to take the other view.
I think more bad news to come and prices may fall further.

A couple of question's

Have DTY slowed down the purchasing of family business?

In my little town we have 2 independent operators and 5 that were independent but are now DTY business.

Would there be mileage in reducing the number of competing business in a town when 75% are owned by the group.
Or is it like we used JOE BLOGGS because mum or dad did?

The closest I get is renting to a independent who tells me DTY actually lose business after buying them.
The Crematoria business is however the jewel in the crown.

Tiger

castleford tiger
07/3/2018
16:30
Another holding RNS cannot be far away.
waldof
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