Dignity Share Discussion Threads

[glavey] 31/7/2020 11:15

One might consider that price pressure will apply going forward. Are costs not still 'under review'?

[exile] 31/7/2020 10:39

The consolidation of a recovery stock before the next leg up imo. Sad times when the only stock I see value in deals with D-e-a-t-hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

[1realist] 30/7/2020 12:25

Current 4 broker targets for DTY range between 150p and 570p, with median target 367.5p. But all these were before the recent H1 results RNS, which was much better than forecast. Broker targets will be revised up accordingly when they are next reviewed.https://markets.ft.com/data/equities/tearsheet/forecasts?s=DTY:LSE

[hhhold2] 30/7/2020 12:15

Broker rating I saw said 150p, Peel Hunt.

might be worth a look at that price.

[1realist] 30/7/2020 11:40

Reported loss on accounts was purely down to one-off costs (actuarial revaluation of the Trust amount), and nothing to do with operating profits, which are significantly up, along with cash generation and revenues.They generated £40.2m in cash in the last 6 months alone.When the wider market catches on to this fact, DTY will continue its march back up to the 600p-1000p range.

[boom or bust] 30/7/2020 09:32

Who is buying this dead dog?

Yesterday's P/L before tax is a loss of -13.6m compared to +58m from the same period last year. At a time when deaths for the quarter were up from 300k to 368k.

The bottom line is that they haven't made any money in what should have been their best quarter ever. That quarter has brought forward deaths and reduced future profits.

hxxps://www.dignityplc.co.uk/news-media/news/press-releases/2020-07-29/1813/interim-results-for-the-26-week-period-ended-26-june-2020/

[velocytongo] 30/7/2020 09:04

When the FCA dust settles I imagine there will be numerous sub scale portfolios up for sale.

[hatfullofsky] 29/7/2020 20:28

I guess the market liked the comment "without shareholder dilution" another catalyst is the trust being flat (when the FCA takes charge the trust would need to be in balance) and of course the cash flow.

[mike24] 29/7/2020 18:38

have'nt held these for a long time,
cracking buy even at closing price,
like to see DTY buy a few cheap high st, freeholds

[exile] 29/7/2020 15:05

I would, from an ethical point of view, like to invest and profit from a company developing a test or cure for Covid, however the way our Government has dealt with the pandemic so far is negligent to say the least. The way people were brought from Hospitals to nursing homes equated to a cull. Second wave on it's way ! Not taking it lightly but investing in D-E-A-T-HHHHHH could be a way to make the most of a tragedy. Not nice and sympathies to any reader who has lost a loved one during this difficult time.

[deanmatlazin] 29/7/2020 15:01

logically , the share price should go up from £6 to £10 when COVID hit UK.

[deanmatlazin] 29/7/2020 14:34

back to £6 :)))))

[deanmatlazin] 29/7/2020 14:17

can see this will go back to £6 in no time. COVID will not go away in next 12 months, second wave is coming.

[exile] 29/7/2020 13:22

This could double from these levels very quickly imo.

[velocytongo] 29/7/2020 12:55

Great cash flow .. looks like they will recover some lost ancillary revenues in Q3 .. and full service funerals are resuming .. the statement sounded a lot less downbeat than the previous one

[hatfullofsky] 29/7/2020 09:17

Results as expected but nice cashflow and good recovery of Trust balances

[encoreagain1] 13/7/2020 20:17

must be getting back to normal income per funerals now? it's an £80m pa cash generative business when it does

[velocytongo] 13/7/2020 19:03

Something leaking either the securitisation are fine or info about the CMA.

[hatfullofsky] 13/7/2020 17:32

DTY showing signs of life, pun intended

[velocytongo] 02/7/2020 09:39

Hat, I'm not sure things as dire as you imply. Firstly, the FD (normally don't buy shares) bought about £100k of shares. He's structured all the securitisations and would indicate that there is no problem on the securitisations (i.e there's no impending default). Secondly, as people have not been in offices, there's going to a be delay in issuing coroner reports, which will delay burial/cremation. I suspect that more burials will now happen under less restrictive measures and people will spend a bit more. Also, we don't know the mix of burial versus cremation. If it's the latter, then the hit profitability will not be that great as it's 55% operation margin business.

I agree it's completely unloved but I think on a 5-year view, you should make good money.

VTo

[hatfullofsky] 01/7/2020 18:09

Nearly 20% down on the recent director buys, near all time lows, No volume. DTY is about as unloved as it gets. MCAP 124m and £20m underlying Op profit in Q1To balanceHowever, this statement will elaborate on how the impact COVID-19 is more significant since the end of the first quarter.Group is currently achieving an overall weighted average income per funeral before ancillary revenues of approximately £2,200 compared to £2,648 achieved in the first quarter of 2020.The Group performed 20,000 funerals in the first 13 weeks of the year[A 10m hit on revenue, which will be a straight drop through to P&L]In April, these changes have had a significant impact on the Group's average income per funeral: firstly, average income from full service funerals has reduced to approximately £3,150. In addition, as might be expected, the proportion of clients choosing a simple funeral compared to a full service funeral has increased dramatically to approximately 60 per cent compared to the 20 per cent seen in the first quarter.

[hatfullofsky] 15/6/2020 18:18

That's some bonus - Deferred Annual Bonus Share Plan: two year deferral of 20% of 2019 annual bonus into shares = £142k. Making the actual 2019 bonus around £700k !!!!!

Am I reading that right ? Nice reward for significant value destruction.

[koetser] 08/6/2020 17:46

ohh and there is still quite a lot of short interest in dty so should accelerate fast upwards

[hatfullofsky] 03/6/2020 22:35

They look cheap to you, to me, to the director and the institutional investors..... but shush Just keep adding

[saltaire111] 03/6/2020 21:25

Shares look cheap to me. I’m buying more.

Salty