Dignity Share Discussion Threads

[hussyo] 25/5/2018 09:08

PIs are being flushed out as PIs do by the MMs on 2 consecutive days of net positive buying. I expect a trading day soon where the price moves very strongly upwards.

[hussyo] 18/5/2018 21:19

Since January, notifiable share transactions show a near +9 million net figure. This represents about 18% of the outstanding. Of 19 only 3 were on the sell side. As sellers have not been flushed out, I would suggest large stakeholders are using metrics that give a price target far in advance of where we are.

[saltaire111] 14/5/2018 13:39

Hussyo - agree. I’m upgrading my price target from £15 to £17 on the basis of today’s statement.

Salty

[hussyo] 14/5/2018 08:59

A broker re-rating is now inevitable and will give a further boost to the price. The simplest calculation to do is to base it on a PE of 15, which gives £17.4.

[saltaire111] 14/5/2018 08:01

Yes, i’d not clocked the accrual release. Even so, still very impressive to see growth. I knew the results were going to be better than expected at the end of last year but to actually deliver growth is impressive.

[hussyo] 14/5/2018 07:47

The numbers that matter are 12% for the new Simple service (exp 20%), 55% for the Full service (exp 44%), market share 'showing incremental' signs of recovering - that was a point made in the annual report. Let's see what the market makes of it.

Margins were also far ahead of expectations.

[mboy010] 14/5/2018 07:32

Op profits were underpinned by the release of a Directors bonus accrual in Q1, but still not a bad story. Caution in the message but this still looks like it has the potential for a decent year.

[saltaire111] 14/5/2018 07:27

Profits in the first quarter are up yoy! That’s incredible. The April update was encouraging but I never dreamt that they’d deliver growth in absolute terms. What a turn-around.

Salty.

[hussyo] 10/5/2018 08:43

The technicals are looking very good, but whether the trend continues or not will depend on the analyst call on Monday. The fact Montanaro (who specialise in small/mid caps) made a purchase of 390k shares recently probably says there won't be any nasty surprises.

[hatfullofsky] 07/5/2018 23:36

ModeelThis is where charts and fundementals diverge. DTY have never had such "challenges" to their business model (real or perceived). The fundamentals now take precedence while the chart pattern re-establishes.

[hussyo] 07/5/2018 10:39

When the stock hit £12 last week the RSI had reached a point from where it has historically retreated. If the stock were to trade at the average PE of the GRs sector then the implied price is £17.37. It has historically traded above the average PE.

[fez77] 04/5/2018 17:50

Well that was a bit weird - yesterday and today. Back to where we started! Does anyone have any idea of what was going on?

[saltaire111] 02/5/2018 16:54

It will hit £15. No doubt about it. Just a question of how quickly it gets there.

Salty

[stpalm] 02/5/2018 11:57

We're back in the gap, any tech traders out there to tell me if that means it will rise to top of said gap? As I remember it usually does. Correct me if I'm wrong??

[saltaire111] 30/4/2018 15:38

I’d expect this to get back up to £15 a share. Didn’t expect it to get there quite so quickly but making great progress.

Salty

[hatfullofsky] 19/4/2018 18:40

1000p may become the new support level(it has been the resistance level since 23/01).

Fundamentally I can not see this remaining at this level for long but it has increased 50% since the low in early Feb so I can see a lot of PI's selling. Once cleared we may get a re-rate leading up to 14/05

[sllab101] 19/4/2018 17:43

We will see, I think it is overpriced in my view, I will be the first to admit I'm wrong if I am?

[saltaire111] 19/4/2018 16:52

I think you’re brave to short dignity at this price. Ok at £25, but not at £10.

Salty

[jacks13] 19/4/2018 09:49

If you take the view that the ebit margin has slipped by 2% points or so, as a result of the shift to a 15% simple funerals share of the mix, and that this proves to be representative of the full year, then it isn't the end of the world.

[mip55] 18/4/2018 23:36

Rubbish? From the RNS :.....had shown a step change in the number of simple funerals as a percentage of all funerals conducted by the Group but that this was at a run rate of approximately 15 per cent (lower than the 20 per cent originally anticipated by the Board). Additionally, the absolute number of deaths in the first seven weeks of 2018 were approximately seven per cent higher than the prior year. So the company was faced with potentially a seven percent increase in customers in the quarter - and you don't think this had a major bearing on income? Really ??Granted the Board underestimated the numbers of customers opting for the simple funerals by some five percent but if you strip out the increased death level do you think the company would be so positive in this update?

[hatfullofsky] 18/4/2018 22:41

Could well be right. Trend over fundamentals from 10am

[sllab101] 18/4/2018 22:15

Took out a short on this today thinking this stock is only being played ready to fall further?

[saltaire111] 18/4/2018 21:07

I think the recovery is underway.

Salty

[hatfullofsky] 18/4/2018 15:30

I am surprised (and down on my spread) that this did not hang on to its morning strength. Up 20% at one point now back to 11%. I wonder if we'll drop back down into the sub 1000p trading range? Bloody hope not!

[hatfullofsky] 18/4/2018 15:25

Reply was directed to mip55