Funeral director Dignity (LON: DTY) has rejected bid offers from a consortium involving major shareholder Phoenix Asset Management, but the latest offer could be acceptable. The initial offer of 475p a share in cash was rejected, and this was followed by offers of 500p a share and 510p a share. These were all rejected and a […]

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Funeral director Dignity (LON: DTY) is not showing any significant signs of improving performance and a poor fourth quarter performance led to a profit downgrade. There was a 10% increase in deaths in the UK. but Dignity reported a lower profit. This appears to be due to the offsetting effect of lower pricing and higher […]

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The new management team has outlined its strategy for Dignity (LON: DTY) at the funerals and crematoria operator’s AGM. Selling a stake in the crematoria business is mentioned, but it is not the focus of the new strategy. Management says that Dignity needs to remain vertically integrated. The argument is that the previous management policy […]

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Wednesday’s AGM will see the launch of the new strategic plan for funerals and crematoria operator Dignity (LON: DTY). Management needs to indicate how it is going to tackle the debt pile and how the business is going to move ahead. The current share price is 620p, which is more than double the level it […]

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Dignity (LON: DTY) is reporting its first quarter figures on Monday. They should show some growth, but the significant information is likely to be about management / director changes and the strategy of the funeral services provider and crematoria owner. Lower prices are partly offsetting the effect of the greater number of deaths in the […]

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Dignity spent more on PPE while earning less per service Dignity (LON:DTY) confirmed a £19.6m loss last year even though the number of deaths soared due to the scourge of the coronavirus pandemic. The company confirmed the total number of deaths for the year to 25 December was 663,000, up by 14% from 2019, and […]

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Dignity Plc (LON: DTY) has reported a 4% increase in revenue this year amid the Coronavirus pandemic. In the 39 weeks to the end of September, the funeral provider saw revenue grow from £225.4m to £234.5m. The increase in revenue reflects the higher number of deaths amid the pandemic. In the first three-quarters of 2019, […]

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Funeral parlour and crematoria owner Dignity (LON: DTY) does not have to worry about price controls – for the time being at least. However, this is a short-term respite and the recovery in the share price appears overdone. The Competition and Markets Authority (CMA) says it would not be possible to impose price controls under […]

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Funeral parlour and crematoria owner Dignity (LON: DTY) has done relatively well this year in share price terms, but that is due to the declines in the past. The share price fell by one-quarter over the past 12 months and it has slumped by three-quarters over three years. The 2019 figures are due to be […]

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Although the death rate is normalising, funeral parlour and crematoria owner Dignity (LON:DTY) is still underperforming. There is no longer a dividend to help put a floor under the share price. Admittedly, the full year pre-tax profit forecast has not been changed from £41m following the third quarter trading update, but there is no perceptible […]

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Things are not getting any better for funeral parlour and crematoria owner Dignity (LON:DTY) as first quarter operating profit falls by two-fifths. Peel Hunt has cut its 2019 pre-tax profit forecast from £44.5m to £41m. This is happening before the CMA enquiry is completed. Declining death rate The mild winter meant that the number of […]

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Everyone knows that next week’s figures from funeral parlour and crematoria owner Dignity will not be pretty, but the longer-term outlook is not good, either. A low rating is not an attraction for this business because there are long-term uncertainties. Dignity is reporting its 2018 results on Wednesday 13 March and a trading statement has […]

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