As Diginty is new to the martkets and the first funeral services company to be floated, what are your views on its future potential?

There appears to be little data on which to ascertain a valuation.

I don't suppose we are going to run out of dead people!

Flying - Dignity PLC (DTY:LSE) set a new 52-week high during today's trading session when it reached 1,562. Over this period, the share price is up 92.48%.

Issue of Preliminary Prospectus by Dignity Finance

RNS


RNS Number : 6633J

Dignity PLC

18 July 2013










For immediate release 18 July 2013

Dignity plc

Issue of Preliminary Prospectus by Dignity Finance PLC

Intended cash return to shareholders

Dignity plc ('Dignity' or the 'Group') announces that its subsidiary, Dignity Finance PLC has today issued a Preliminary Prospectus in respect of a potential issue of further Secured Notes.

It is the Group's intention to issue further Class A Notes with an outstanding nominal amount of up to £34.3million and further Class B Notes with an outstanding nominal amount of up to £40.8million (the 'Notes'). The actual proceeds raised from the Notes will depend on the market price and market conditions at the time of any issue. The closing market bid price on 17 July was approximately 119.1% for the Class A notes and approximately 136.9% for the Class B notes.

The Group has decided to take advantage of historically low interest rates which may not be available in the future. The nominal amount of new Notes offered is consistent with maintaining the existing A+/ BBB+ and A/BBB ratings by the two rating agencies who monitor Dignity's Notes, as required under the terms of the Notes.

If the Notes are issued at a similar premium to the price of the Notes on 17 July 2013 then the gross proceeds of the issue will be approximately £95million. As a consequence of the issue of Notes, the Board plans to repay the £34million term loan with the Royal Bank of Scotland obtained to partly finance the acquisition of Yew Holdings Limited in January 2013. £1million is also expected to be paid to the Group's defined benefit pension scheme. The Group then expects, after an allowance for fees, to have sufficient funds available to return approximately £1 per share to shareholders. If these Notes are issued, the Group does not intend to pay a separate interim dividend.

Any decision to issue further Secured Notes will be subject to market conditions prevailing at the time and the issue of a Prospectus by Dignity Finance PLC, as defined in Article 5.4 of Directive 2003/71/EC. The Preliminary Prospectus is an advertisement and does not comprise a prospectus for the purposes of EU Directive 2003/71/EC. The Preliminary Prospectus does not constitute an offer to sell or the solicitation of an offer to buy any securities of Dignity Finance PLC.

Whilst there can be no guarantee that further Secured Notes will be issued, or if issued, at what price, it is currently expected that an announcement regarding the pricing of the Secured Notes will be made on 19 July 2013 and that the subscription agreement will be executed by 23 July 2013.

The Group will make further announcements as appropriate.

Pricing of further Secured Notes


http://www.moneyam.com/action/news/showArticle?id=4635543

Special divi payable in October would be £1.08.
Worth thinking about if buying now. There will be no interinm
divi but that would have been about 5p historically.

Notice of General Meeting and Issue of Prospectus

RNS


RNS Number : 8783J

Dignity PLC

22 July 2013












For immediate release 22 July 2013

Dignity plc

Notice of General Meeting of Dignity plc and Issue of Prospectus by Dignity Finance PLC

Further to the announcement on 19 July 2013, Dignity plc is pleased to confirm that the subscription agreement for the issue of further Secured Notes has been executed. Dignity Finance PLC has also today issued a Prospectus in respect of the issue of further Secured Notes.

The Group will post a circular to shareholders on 23 July 2013, including a notice of general meeting. The notice sets out resolutions which, if passed, will give shareholders the ability to receive the £1.08 per share cash return either in the form of a dividend or return of capital. Copies of the circular may be obtained from the Group's investor website www.dignityfuneralsplc.co.uk. The meeting will be held on 8 August 2013 at 11.00am.

The Prospectus confirms the pricing and quantum of the new Secured Notes at the levels announced on 19 July 2013 and the circular confirms the Group's intention to return £61.9 million, equating to £1.08 per share to its shareholders. The Dignity Group also confirms that as a result of this intended return, no interim dividend will be paid.

Commenting on the issue of further Secured Notes and the proposed return of value, Mike McCollum, Chief Executive said:

'This transaction demonstrates the Group's ability to use the stable, cash generative nature of the business to support an efficient capital structure and generate additional value for our shareholders.'

Circular relating to proposed Return of Cash

RNS


RNS Number : 9830J

Dignity PLC

24 July 2013












For immediate release 24 July 2013



Dignity plc (the "Company")

Circular relating to proposed Return of Cash

Further to the announcement made on Monday 22 July 2013 the Company confirms that the circular relating to the Company's proposed return of cash, including notice of the general meeting of shareholders to be held on 8 August 2013, has been posted to shareholders. A copy of the circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

Interim Results

Funeral operator Dignity achieves higher half-year profit

Wed, 31 July 2013

UK funeral services provider Dignity unveiled a 17.6 per cent increase in pre-tax profit in the first half to 32m pounds, buttressed by a 5.6 per cent rise in the number of deaths.

Revenue in the 26 weeks to June 28th jumped 14.3% to £133.2m while underlying earnings per share rose 17.6% to £44m.

Underlying operating profits came to £45.3m, up 15.6% and slightly ahead of the company’s expectations.

The group said funeral operations have performed strongly, with client satisfaction high and average incomes robust.

The crematoria division experienced volume growth as recently opened locations continue to mature.

While the number of pre-arranged funeral plan sales were slightly down on the prior year, good cost control resulted in operating profit before recoveries growing year on year.

Since the acquisition of Yew Holdings in January, the business achieved operating profits of £2.1m in line with expectations.

Mike McCollum, Chief Executive of Dignity, said: "The first half of 2013 has seen a strong operating performance from our established operations and our largest single acquisition. Since the period end, we have announced a proposed third return of cash since flotation.

“The group remains on track to achieve the board's expectations for the full year."

No interim dividend was issued due to its fundraising on July 30th when it completed an issue of further secured notes. It raised £97.7m of gross proceeds which will be used to repay the firm’s £34m term loan obtained on the acquisition of Yew Holdings and to provide shareholders with a £61.9m return of cash equating to £1.08 per ordinary share.

Shares fell 2.08% to 1,505p at 11:17 on Wednesday.

31 Jul N+1 Singer 1,287.00 Hold

1 Aug Numis 1,625.00 Add

Funeral services group Dignity declined 15p to 1494p on hearing that chief executive Mike McCollum sold 54,614 shares at 1490p.

Read more: http://www.dailymail.co.uk/money/markets/article-2383823/MARKET-REPORT-Vesuvius-surprises-dealers-maiden-profits-eruption.html#ixzz2atHkF3S3
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Results of Elections and Update on Return of Cash

http://www.moneyam.com/action/news/showArticle?id=4648889

Investec reiterates add on Dignity, target raised from 1530p to 1562p.

2 Sep Numis 1,625.00 Add

15 Oct Goldman Sachs 1,650.00 Neutral

21 Oct: Panmure Gordon upgrades to Buy - TP held at 1600p.

Just had a dabble here - 1350 has been good support this year.

20 Oct: Telegraph mid-cap share tip of the week:

http://www.telegraph.co.uk/finance/personalfinance/investing/shares-and-stock-tips/10388865/Mid-cap-share-tip-of-the-week-Dignity.html

Dignity: Investec raises target price from 1562p to 1583p and upgrades from add to buy

Q3 management statement

http://www.moneyam.com/action/news/showArticle?id=4703020