|Bid||870.00 x 85100|
|Ask||0.00 x 15400|
|Day's range||1,225.00 - 1,282.58|
|52-week range||735.50 - 2,670.00|
|PE ratio (TTM)||10.78|
|Earnings date||1 Aug 2018|
|Forward dividend & yield||0.24 (2.46%)|
|1y target est||1,137.00|
Dignity says more people still prefer a full service funeral, costing £3,800. The funeral provider Dignity said business was better than expected during the first three months of the year as the number of deaths rose and more people chose premium funerals. Shares jumped 16% after the undertaker said a greater-than-expected proportion of customers were still choosing the more expensive full funeral service, even though a price war in the industry resulted in the group slashing the price of its cheapest funerals in January.
It looks to have been too soon for some of its City critics to have been writing the obituaries for Dignity (Other OTC: DGNTY - news) . The UK's largest quoted funerals provider has been one of the most-shorted stocks in the market this year - that is to say speculators have been betting on a big fall in the share price. This morning, though, the company said its "simple" funerals - where a basic coffin is provided and where the company, not the bereaved, chooses the time and date of the service - were accounting for a lower-than-expected proportion of the total number of services it conducts.
Funeral provider Dignity came back from the dead on Wednesday after fewer people than expected chose cheaper funeral packages and the number of deaths rose.
Shares in funeral provider Dignity soared on Wednesday morning after the company raised its expectations for trading this year, based on an increased number of deaths in the first quarter. Dignity previously said it expects trading over the full year to be volatile after its decision to reduce some funeral prices but hold others, “as the relationship between funeral price, service and volume would take time to settle down”. Despite Dignity’s positive start to the year, the company said on Wednesday that the board “still believes it is too early to conclude that the trading experienced in the first quarter is indicative of the likely funeral price/volume mix going forward”.
Dignity plc (LON: DTY) seems to offer a wide margin of safety that could equate to high rewards in the long run.
More bereaved Brits are opting for full-price funerals than anticipated, breathing a little life into the shares of one of the U.K.’s worst performing stocks so far in 2018.
Dignity, which operates from 792 locations and which in 2017 conducted 68,800 funerals, is the UK's second largest operator after the Co-operative Group. The move has hit Dignity's market share, with the number of funerals conducted by the company in 2017 falling for a second consecutive year, in spite of the number of reported deaths last year remaining constant at 590,000. The price of a simple funeral has been cut to £1,995 in England and Wales and to £1,695 in Scotland.
Britain's biggest floor coverings retailer Carpetright (Other OTC: CGHXF - news) lost almost half of its stock market value on Friday after it warned on full-year profit, blaming a post-Christmas drop in sales on waning consumer confidence. With (Other OTC: WWTH - news) official data confirming 2017 as the weakest year for UK retail since 2013, Carpetright's profit alert will stoke fears Britons have further reined-in spending on big ticket items at the start of 2018.
Dignity, which is Britain's largest listed funeral service provider, said families were becoming "increasingly price-conscious" and that it would reduce prices for simple funerals by around 25 percent. Rival Co-op Funeralcare -- part of mutually-owned Co-Operative Group (42TE.L) -- cut its prices in September. The comments from Dignity illustrate that its industry is not immune to the pressures facing Britons as higher inflation and subdued wage rises leave them with less money to spend.
Shares (Berlin: DI6.BE - news) in British funeral services company Dignity (Other OTC: DGNTY - news) lost half their value on Friday after it warned results for 2018 would be substantially below market expectations as it is forced to cut some of its prices. Dignity, which is Britain's largest listed funeral service provider, said families were becoming "increasingly price-conscious" and that it would reduce prices for simple funerals by around 25 percent.
Dignity Plc, the U.K.’s largest provider of funeral services and the only one publicly traded, dropped on Monday after the company noted a flattening death rate and increased competition in the third quarter....