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!

I started so ive finished with the update. Was March a bad month then for rrl holders cannot remember.

The last year I would suggest.

Dignity underlying pre-tax profits up 11.3%
StockMarketWire.com
Underlying pre-tax profits at funeral-related services provider Dignity rose by 11.3% to £27.5m in the 26 weeks to 29 June.

Revenues were 8.2% up at £116.5m and underlying operating profits were 8% higher at £39.2m.

Basic earnings per share rose by 14.5% to 38.7p and the interim dividend is up 10% at 5.36p per share from 4.87p last time.



http://www.moneyam.com/action/news/showArticle?id=4418146

Investec called the report “another strong set of results”, which it said was due to a combination of the death rate and a robust average spend, and raised its target price on the stock to 1,038 pence per share from 992 pence previously.



http://www.proactiveinvestors.co.uk/companies/news/46243/investec-raises-dignity-target-price-after-strong-interim-results-46243.html

http://www.thisismoney.co.uk/money/markets/article-2181939/Cold-winter-helped-funeral-firm-Dignity-post-profits-rise.html

Should rise this week with RRL holders. :-))

At an all time high today

Trading statement Monday 12 Nov

Interim management statement quarter three 2012

http://www.moneyam.com/action/news/showArticle?id=4481981

Dignity prospers from funerals
Mon 12 Nov 2012

LONDON (SHARECAST) - Funeral service provider Dignity’s third quarter results demonstrate that death in the UK is still a growth business if you know how to cater for it.

Revenues of £169.4m for the third quarter were up 8.7% on the same period a year previously, while underlying profit was 10.3% ahead at £53.4m. Much of this was driven by pre-arranged funeral plan sales, and it expects the pre-arranged funeral business to continue to make progress next year.

Mike McCollum, Chief Executive of Dignity commented: “Our outlook for 2012 remains positive and our overall expectations for 2013 remain unchanged."

During the year Dignity has increased its number of crematoria from 35 to 37 and growth is even more marked in its funeral business.

Since the group's last results announcement on July 31st 2012, 10 funeral locations have been acquired (for an investment of £5.6m) and nine new satellite locations have been opened. This brings the total number of funeral locations acquired to 18 (for a total investment of £10.8m) and new satellite locations opened to 18 since the start of the year.

The only negative was provided by the comment that “The trust funds should remain fully funded despite historically low bond yields. However, any improvement in marketing profit in 2013 may be offset by a reduction in or cancellation of recoveries of surplus from the trusts. Such recoveries have been £1.5m in each of the last six years.”

Dignity: Panmure Gordon raises target from 1,070p to 1,100p, buy rating kept; Investec raises target from 1,038p to 1,080p, buy rating kept.

Positive broker comments after the 12 Nov trading update has given the sp its rise.
Premium -quality defensive stock with plenty of room for growth and high cash generation.

Income is important to investors when cash savers get next to nothing from bank or building society deposit accounts. Companies that offer dividend growth and payouts that are well convered by freshly-generated earnings (as opposed to retained earnings) will be rewarded in the present economic climate. Dignity(DTY) being one.

Acquisitions in a fragmented industry offer scope for earnings upgrades and Dignity's recent upbeat third-quarter trading missive (12 Nov) highlighted ongoing expansion.

These seem to have risen from the dead.. So to speak -):

Put this rise down to being tipped in the shares mags over the last few weeks.
Even one of the writers last week added that investors are not even looking into the companies they buy, just going blind on what they read. Suits me.

Rising nice and steady.