Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on DIGNITY PLC. We currently have 12 research reports from 2 professional analysts.
|09Jan17 03:38||RNS||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES|
|30Dec16 11:43||RNS||Voting Rights and Capital|
|13Dec16 05:10||RNS||Director/PDMR Shareholding|
|30Nov16 08:35||RNS||Block listing Interim Review|
|17Nov16 11:41||RNS||Additional Listing|
|07Nov16 07:00||RNS||Third quarter trading update|
|04Nov16 02:45||RNS||Non-Executive Director Change|
Frequency of research reports
Research reports on
08 Nov 16
"And so, the day has finally arrived. Clinton or Trump? Does American democracy now face its gravest test? Whatever the outcome, Europe appears to be between a rock and a hard place. The former is thought capable of putting the transatlantic relationship in peril, while the latter proposes to rip the US Constitution apart with the potential to leave the western world in shock. Clinton, whose victory will undoubtedly spark some form of relief rally, offers investors continuity and growth; but only on her terms will there be scope for additional stimulation through tax reform and infrastructural spending, while the EU can expect to finds itself pressurised to dig deep in its pocket and even deeper into its conscience with regard to adoption of the US's interventionist policy across territories ranging from Syria to Putin's Russia. By comparison, the many faces of Trump and a hopelessly divided Republican party present markets with a complete confusion of policy; by effectively challenging the nation's civic religion while proposing disregard for the process of law as it tears up established treaties, the US is immediately pushed off of the moral highground as xenophobia and bigotry prompts a rise in protectionism as the population looks increasingly inward. Sounds absolutely awful! But then perhaps, just perhaps, that is the clever thing about the US political system; historically there has been sufficient institutional safeguards built into the two congressional chambers to mitigate, defer and effectively neuter irresponsible actions that otherwise might be seen to irrevocably threaten status and reputation built-up over past decades. Investors had better hope so! Indeed, judging by the overnight markets, they were already counting on it, as all the US's principal indices rallied strongly with the S&P reversing 9 consecutive days of losses putting in its biggest gain since March. Asian markets initially followed suit, but a lack of follow- through having already covered most of their short positions during the previous session meant that the Nikkei and ASX eventually closed with fractional losses although the Chinese indices remained modestly positive throughout having received confirmation that exports declined at a reduced pace during October. With Europe's market open, the Dollar, Treasuries, Oil and Gold will narrowly range trade, ready to leap in one direction or the other with any decisive steer on the outcome. Neither is London likely to be in the mood to celebrate yesterday's better than expected October BRC sales data, suggesting the FTSE-100 will rise a modest 5 points or so in opening trade. The UK will release Industrial Production figures this morning, while OPEC publishes its world oil outlook. UK Corporates due to release earnings or trading updates include Associated British Foods (ABF.L), AVEVA (AVV.L), BBA Aviation (BBA.L), Marks & Spencer (MKS.L) and Punch Taverns (PUB.L). But really there is only one story today, and all market eyes will remain firmly fixed on the United States; back in 2012, the Associated Press called the result for Barack Obama at 04:38hrs, on which basis there are just over 20 hours to wait from the release of today's Breakfast Today before we know the result." - Barry Gibb, Research Analyst
28 Jul 16
"The FOMC delivered much as expected. Rates were left on hold but, by stating that 'Near-term risks to the economic outlook risks have diminished', the door has been left open for its first rate hike since December 2015 with the hot money remaining on +25bp in September and another +25bp before the year end. Lacking new excitement, London equities are expected to open marginally down, with the FTSE-100 seen down between 5 and 10 points in early trade. US markets closed in a similar mood, with the Dow and S&P 500 left virtually unchanged, leaving only the technology-heavy NASDAQ celebrating better than expected results from Apple following the previous close. Sentiment in Asia continued to yo-yo on the longawaited Japanese stimulus package, forcing the Nikkei to give back half of yesterday's gains, while the Shanghai Composite remained nervous amid threats of new regulation on wealth management products, leaving only the commoditydominated ASX enjoying a small positive by the close. Amongst UK corporates, investors are now able to put a figure on the cost to BHP Billiton (BLT.L) shareholders over the Samarco Dam disaster, with the company indicating a US$1.1bn to US$1.3bn provision, while in yesterday's statement GSK's (GSK.L) Board suggested the post-Brexit fall in Sterling presents a mix of new challenges to the Group. This morning, UK markets anticipate release of the Nationwide House Price Index along with a heavy clutch of results including, Anglo American (AAL.L), AstraZeneca (AZN.L), BAE (BA..L), Centrica (CNA.L), Diageo (DGE.L), Rolls Royce (RR..L), Royal Dutch Shell (RDSA.L) and Weir Group (WEIR.L)." - Barry Gibb, Research Analyst
29 Jun 16
Despite politicians and corporates across the world starting to outline the prospective economic pain and disruption likely to be felt by the UK as measures to effect its separation are put into place, equity investors remain in the mood to bargain hunt following the market plunge that resulted from Brexit. The FTSE- 100 is seen opening up around 55 points and is expected to continue to drag the principal European indices behind it. The ECB president, Mario Draghi, nevertheless has suggested the impact of the vote will be to knock 0.5% off Eurozone growth over three years, EU leaders have warned Westminster to expect hefty financial costs while even telecom blue chip, Vodafone, has informed shareholders that it is now considering moving its UK headquarters overseas. This gloomy background has been darkened further by the attack at Istanbul Airport, which reminds all that that a terrorist’s shadow remains cast over the developed world. Overnight, however, international markets shrugged off such concerns with the US indices regaining the previous day’s losses, with all three principal indices firmly up. This morning Asia followed suit, as speculators seized on sectors most hurt during Friday’s knee-jerk sell off, focussing particularly on the financials. Data watchers will be interested in this morning’s UK releases, which include Nationwide’s House Price Index and the Bank of England’s latest money and credit numbers, while the Conservative Party leadership contest nomination period opens. Amongst corporates, expect results from Dixons Carphone.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Retain forecasts for FY17E and FY18E
05 Oct 16
While LFL sales growth of 1.8% for the first 12 weeks of FY17 looked a little light, this was on the back of 2.8% growth in the prior period. H2 comps become easier to lap and Christmas bookings (festive trading comprises 15% of FY sales on average) are up 10% YoY.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
A year of expansion
17 Jan 17
Final results are broadly in line with our revised forecasts on most headline levels in what proved to be a difficult year for the Group. That said, it has significantly increased room capacity, which is now +40% ahead at the time of the IPO (+14.5% yoy), which improves its competitive position and offering. We are maintaining our headline forecasts, and with the dividend expected to be held for the foreseeable future producing an 8.7% yield with a NAV in excess of 180p, we continue to believe there is strong long term value offered at present.
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.