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
  +20.00p +2.63% 781.50p 780.50p 781.50p 783.50p 747.00p 764.50p 245,906 13:03:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 313.6 71.2 115.3 6.8 390.22

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Date Time Title Posts
22/2/201808:50DIGNITY (DEAD CERT)1,366
12/11/201211:00What does Dignity mean ?11
11/5/200918:05*** Dignity Plc ***2

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Dignity Daily Update: Dignity Plc is listed in the General Retailers sector of the London Stock Exchange with ticker DTY. The last closing price for Dignity was 761.50p.
Dignity Plc has a 4 week average price of 735.50p and a 12 week average price of 735.50p.
The 1 year high share price is 2,791p while the 1 year low share price is currently 735.50p.
There are currently 49,931,901 shares in issue and the average daily traded volume is 607,599 shares. The market capitalisation of Dignity Plc is £390,217,806.32.
imastu pidgitaswell: Absolutely. Same comment as on the day of the announcement - they are cutting income on their main product by 25%, which will have a percentage larger impact on their net margin (costs remain the same). Even then they will still be more expensive than their competitors, they cannot say what the volumes going forward will be (still lower, at best by less than they would have been had they not cut prices) and they therefore have no guidance. The debt is well chronicled, and is long term. But when looking at the share price, you have to consider the enterprise value, which is the debt added to the market value - this gives the market valuation of the entire business. As the debt is such a large percentage of the enterprise value, fairly small changes in enterprise value (as assessed by the market) are caused by much larger swings in equity value (the share price). I was surprised it was trading as high as 1000p-ish on results day and the next day. Current levels better reflect the value of the equity, but given the utter uncertainty of the forecast, there may be more risk to price in.
redartbmud: Hils I factored into my calculations the possible further share price fall to £12.50. I did not expect it to reach that level so soon. red
tyranosaurus: Why the big rise in the share price ? Has somebody died ?
eastbourne1982: This sector has become more and more competitive, like most things, prices will only go down over the next few years, Dignity will have to work twice as hard to stand still. The share price may bounce over the next few weeks however there are too many negatives here to justify the risk / rewards of buying these. I appreciate this is hindsight however perhaps the business should have had a rights issue when the share price was £25 to get rid of the debt, that is one of the big issues here and the bosses should have known business was going to get tougher quite a long time ago. Lower prices, lower profits and a big debt pile are a toxic mix.
hydrus: Only Who - the issue being if DTY make a lot less money per death then the share price needs to take that into account. Which it has today.
waldron: Why Dignity plc is a turnaround stock I’d buy after today’s 50% share price crash Peter Stephens | Friday, 19th January, 2018 | More on: DTY JE Image source: Getty Images. The share price of funeral-related services specialist Dignity (LSE: DTY) dropped by as much as 50% on Friday after it released a profit warning. A more competitive market outlook means that the company will cut prices for various services, which is expected to cause a fall in profitability over the medium term. As a result, investor sentiment has deteriorated. However, the company could deliver a strong turnaround in the long run. A stable market, strong business model and low valuation could combine to make the stock a worthwhile purchase at the present time. A changing market In the last couple of years, Dignity has faced a more competitive marketplace. With inflation moving higher and now being ahead of wage growth, disposable incomes are falling in real terms. Therefore, it is unsurprising that consumers are seeking to cut costs in order to balance their income and expenditure each month. And while funeral costs are an exceptional item, they are not immune to increasingly price-conscious behaviour. Alongside increasing competition, the company has seen the average reduction in the number of funerals per location running at 6.8% between 2015 and 2017. This is almost twice the rate of 3.6% which was recorded between 2004 and 2014. In response, the company is lowering the cost of some of its services as it seeks to protect its market share. This is expected to lead to substantially lower profits in 2018. Recovery potential The level of profitability that is expected to be recorded in 2018 is unclear. As such, it seems as though investors are pricing-in a wide margin of safety. Dignity now trades on a price-to-earnings (P/E) ratio of just 8 using its 2016 earnings figure. While its rating is very likely to rise due to the prospective fall in 2018 earnings, the reality is that the company continues to have a dominant position in the funeral services market. With it offering the scope for further growth in the long term, the stock could prove to be a sound, albeit volatile, turnaround opportunity.
its the oxman: Lots of uncertainty now so no reason to buy. Think the share price will drift away further over the months ahead.
imastu pidgitaswell: Blimey. It's a very highly leveraged business that has just flagged that its operating profits will be slashed by, erm, they don't know. Headline prices cut by 25% (nice round number, is that it? Competitors, local markets, affordability? No, just '25%' as it's a simple number - are they amateurs?) Net debt of between £550m and £600m, albeit long term, with a (last time out) operating cashflow of £81m - to be reduced by whatever the impact of the pricing strategy change is. Likely to be at least 40%, as the operating model when you slash headline income by 25% will result in much larger hit to income after costs. And frankly their prices are still considerably higher than their competitors - no reason to believe they will increase volumes, they are more likely to continue losing volumes, albeit maybe by less. 50% off the share price is perfectly sensible as a reaction - I might have expected more. Just looking back up the thread - well done James, not just with the forecast of the fall, but for the right reasons. Also enjoyed the analyst forecast a couple of months ago (in 1187) - I always love an analyst talking drivel...
the grumpy old men: Dignity Plc 11.6% Potential Upside Indicated by Berenberg Posted by: Amilia Stone 16th November 2017 Dignity Plc with EPIC/TICKER (LON:DTY) has had its stock rating noted as ‘Downgrades217; with the recommendation being set at ‘HOLD’ this morning by analysts at Berenberg. Dignity Plc are listed in the Consumer Services sector within UK Main Market. Berenberg have set their target price at 2350 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 11.6% from today’s opening price of 2105 GBX. Over the last 30 and 90 trading days the company share price has decreased 155 points and decreased 260 points respectively. The 1 year high share price is 2791 GBX while the year low share price is currently 1942.7 GBX. Dignity Plc has a 50 day moving average of 2,327.94 GBX and a 200 Day Moving Average share price is recorded at 2,457.44. There are currently 199,378,759 shares in issue with the average daily volume traded being 153,395. Market capitalisation for LON:DTY is £1,001,376,541 GBP.
iamnotanumber6: I hold here, albeit I have been reducing as it's my biggest holding. It's an interesting report, but here are the points it raises with me: 1. I have absolutely no problem with the lack of branding - to me it's a strength, as why change the goodwill of a trusted local brand? Besides, it's quite clearly spelt out in the brochure you reproduced that the individual undertaker is part of a company. 2. Is the cost of a funeral really a priority when one has lost a loved one? It's one thing settling down in front of a computer with a coffee to pore over the cheapest holidays, but surely you don't act the same when sorting out a funeral? 3. Why is raising prices over a period so terrible? It's not as if they are a monopoly (like for example many rail companies over a particular route). Surely the mark of a good company is maximising its income by raising its prices to the most the market can bear? 4. But the real question I have is why are you putting out negative research on a quoted rival? OK, you admit you are shorting the stock, but it does seem an odd thing to do, or are you simply trying to move the DTY price in your favour? Do your shareholders know that you are gambling some of their funds on a derivative trade? And why aren't you letting your business speak for itself, rather than indulging in what some might call dirty tricks? Indeed, some prospective customers might be put off by a firm which concentrates on derivative trading and share research rather than what it's supposed to be offering?
Dignity share price data is direct from the London Stock Exchange
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