Wednesday 15 August 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
MBL Group – part one: notice to seek cancellation of AIM admission… though potential shareholder return hit
Oh Dignity (DTY). After last week's shocker – commented on HERE, following the announcement of the CMA funeral sector review, today's AGM statement from the UK's leading funeral related services company continues to be desperately mixed...and the rationale for owning the shares remains buried below the harsh realities of a sharply changing industry.
I noted in my last write-up on under pressure funeral operator Dignity (DTY) that in its last earnings conference call they wished they could be more precise about future prospects. Well all the coffins are in the air again today as the Competition and Markets Authority (CMA) has announced 'a review into the £2 billion funerals market to ensure that people are not getting a bad deal'. Ouch.
I have never had as many comments to an article as my piece on Dignity (DTY) back in January. It was a very good debate as picked up by Tom a few days later HERE, and different readers have very different views on the stock. The reality is we are back to around where we were - just sub 10 quid a share - after the shafting the company took after its 'we need to cut the prices of our funeral plans' comments back in January after today's full year numbers.
If you listened to my bearcast of yesterday you will be in no doubt that I am aa big bear of Dignity (DTY) based on some simple maths. I take my hat off to a ShareProphets reader (Buy100ozSilver) for his maths in our comments section. His ( or her) post merits a wider audience.
As the old saying goes there is nothing guaranteed except death and taxes. Funnily enough I rarely have seen the announcement of a 25% cut in a product price helping a share price either...and that brings us to the large UK funeral operator Dignity (DTY).
Hello Share Scrimpers. Being a sensible sort of chap I do not have any life insurance. There is no point in an investment in my death, as I will get no benefit from it. True, my family would, but who cares about that? But my death fascinates me a bit. As a Christian I expect to carry on regardless in another life, but that is a different consideration. I’m getting round to looking at investment in Dignity (DTY) a share I’ve avoided researching in the past, probably out of a fear of dying as I approach my three score years and ten.
AIM listed Funeral homes group Dignity (DTY) is one of those companies whose shares always look expensive, but then always seem to head higher. You always kick yourself for not buying the stock, after all we have an ageing population and so death ( like taxes) looks a sort of one way bet. As it happens, that is not the case. At a share price of £11.02 the company is now capitalised at £603 million. Is this justifiable?
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