axel27
01 Jun 2018
Re: Oversold Morning OnewayTicket,I agree with oversold reaction and was buying while trying to answer your question.III's platform does not accept trades in "high" volatile situations and I had four goes at getting more shares. For sector DD, ask a priest or vicar. I did. Co-op management may want to reflect on customer satisfaction. One of their customers was so unimpressed, he did a year of training and set up his own funeral business and is doing well competing against local Co-op. Dignity, if well run, is in a growth business and its scale should give it competitive advantage.The CMA inquiry will run for 12 months, with first news in 6 months. We may be in here for a while.GLA A, off for coffeeA,
onewayticket
01 Jun 2018
Re: Oversold Now just over £20k top up which I shall hold onto for a while. To be fair when it was £13 after the last extremely good update I thought I had missed the boat for a top up.Half year end is the 29th June and I would not be surprised in the slightest if get back to that level again.The storm (in a tea cup) I think should pass. Own due diligence
onewayticket
01 Jun 2018
Oversold I think the market makers have used this as an excuse and exercise to plunder and pillage peoples stock. In reality as a result of the recent pricing changes made by Dignity they should in my view have limited exposure to any such enquiry and may even come out of it smelling of roses.I think overreaction and expect it to regain all it (on paper) lost this morning.Own due diligence
onewayticket
01 Jun 2018
Re: Have I missed something? Thanks for the responses. I couldn't find any RNS's or bulletin board comments.Dignity should actually be very well placed for any such enquiry what with its recent changes in pricing structure to make it more price competitive. Not only that but these things take months and months if not years to conclude. In the meantime people still pass away and require funerals and cremations.So I am a buyer on the weakness and topped up £10k around £10.40. Admittedly that purchase was blind for at that time I could find no reason for the fall.Own due diligence.
axel27
01 Jun 2018
Re: Have I missed something? Cma enquiry... On BBC news webpage
Lucky888
01 Jun 2018
Re: Have I missed something? BBC website business news:“The high cost of funerals is to come under scrutiny, with two separate investigations being signalled.The Competition and Markets Authority says "emotionally vulnerable people" are not being given clear information about prices and services.Meanwhile, the Treasury is focusing on "rip-off" pre-paid funeral plans.Consumer groups have complained that people who pay for their funerals in advance could find their relatives face extra costs after they die.”
onewayticket
01 Jun 2018
Have I missed something? Reason for the decline please?
Bigtex
14 May 2018
Update to 1st half forecast After full consideration of today's announcement and after listening to the recording of the analyst briefing, and after lifting my estimate of 1st half registered deaths to 330k, I am projecting Q2 Revenue and UOP (on same basis as Q1 reported figures) to be £80Mill and £20Mill respectively.The figures suggest that Dignity moved into April with 12.0% market share of funerals and I have assumed that they will minimally retain this share throughout the trials in Q2 - although I am hoping for a further increase in share up to 12.2%.Projected UOP for 1st half now almost exactly as 1st half 2017 but will be achieved on registered deaths some 7% higher. UOP can be flexed by £1.9Mill for every 5,000 registered deaths up/down on my projected 330k.
emmitdb
14 May 2018
Re: Q1 "All other divisions are operating in line with the Board's expectations as at January 2018. The crematoria division performed 19,100 cremations (Q1 2017: 18,500), representing 10.6 per cent (Q1 2017: 11.0 per cent) of all deaths. There can be a period of up to four weeks between death and the funeral service. Consequently, market share calculations over a short period such as the first quarter can be misleading.""Construction of the Group's new crematorium in Derbyshire is complete and the location will begin operating in the second quarter of 2018. This will bring the Group's crematoria portfolio to 46, with two further locations under construction and due to open in 2019."Regards
Hardboy
14 May 2018
Q1 Trading for Q1 out this morning; and superficially it is encouraging - each of the areas of funerals is above their targeted average; but of course deaths were above the quarterly average, so that's not surprising. I suppose the good thing is the level of simple funerals is showing signs of recovering. I did wonder if what was happening to the crematoria business. Nearly 1 quarter of their business and (unless I missed it) not a single mention. That's poor.
emmitdb
13 May 2018
Re: Upcoming news Gleaned from the pages of the Telegraph on 11th May"There were 198,943 deaths in the first sixteen weeks of 2018, compared to an average of 178,778 deaths in the same period over the previous five years. The rise represents an 11.3 per cent increase on the five year average.The weekly average for the same period was 12,434 deaths, ahead of the five year average of 11,174. The 20,215 figure is equivalent to an ‘additional death’ every eight minutes throughout the first sixteen weeks of the year."20,000 Additional Deaths? 16 weeks, 2018.DIG's report this week could be hold 'Good' News (If any report into death could be described as 'Good')
old_punter
10 May 2018
Anecdotally Just had to book my mother's cremation, using an independent undertaker, about £1100 just for the cremation and about 5% higher than the price quoted to me last June when I enquired, this is in Norwich where there are 2 crematoriums both owned by Dignity. So that part of the biz seems to me likely to continue to print money, even if they are cutting prices on simple funerals. I was buying in the 7/800p range but took my profits too early, well done those who did not given the 50% rise since then. The 1200p price is ahead of many broker estimates c1000 but what do they know. Q1 on Monday will be interesting, if the shares came back depending on the numbers and statement I might consider getting back in.
Bigtex
10 May 2018
Upcoming news We get 1st quarter results on Monday and of key importance to all should be the number of funerals fulfilled and the proportion that were Simple funerals. This data will indicate (1) whether Dignity is holding/increasing market share and (2) critically, whether the increase in Simple funeral volume is merely a cannibalisation of the more lucrative Traditional funeral business.Dignity achieved GB market share in 2nd half 2017 of 11.2% and, to retain this share, will need to have fulfilled 20,600 funerals (after including 300 for NI) on the Dignity reported Q1 deaths of 181k (although my read of the ONS and NRS data suggests deaths of 182.4k).My expectation is that they will report 21,000 funerals fulfilled (of which only around 12% will be Simple funerals) giving a GB market share of 11.4% on their 181k deaths figure with an average revenue/funeral down 5% on FY 2017. Dignity's share of Cremations should also be marginally higher than 2017 H2.
onewayticket
04 May 2018
Last 2 days Had seen +50 point gains off only about only 100,000 shares traded in early trading so it looked contrived. I did therefore expect a bit of a pullback.Fortunately another one of my holdings delivered some extremely good news today which should deliver higher gains as it gets its rightful recognition.Its not been a bad week.Own due diligence
onewayticket
03 May 2018
That self made man in Monaco With the stairlift company who bought £20 Million worth of Dignity at the time of the dip and at around £10 a share is up circa £4 Million for being patient and should pocket the dividend soon. That's the way to do it.Own due diligence
