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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Dunelm - Homewares firm to accelerate new store openings

April 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DNLM
  • Price:
  • 182p
Shares in specialist homewares retailer Dunelm (FT sector: Retailers) have sprung to life, spiking 25% to hit a new 12 month high after the company announced better than expected interim results, forcing brokers to upgrade their forecasts. The idea that a retailer could achieve such a feat right now might seem unlikely but Dunelm is a well run and well-financed business, which is already taking market share from stricken rivals and it’s bang on course to double its estate of superstores to 150 in the medium-term. Since it was founded in 1979 as a small business selling curtains in a Leicester market, Dunelm has quickly grown to the point where it trades from 92 outlets and has a 4% share of the somewhat fragmented homewares mark ...

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Dunelm - Trading beats analysts’ hopes (June 2011)
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Dunelm - 21.5p special dividend (April 2010)
Dunelm - Gross margins improve 200 basis points (February 2010)
Dunelm - Another big profit upgrade for homewares firm (December 2009)
Dunelm - 16% jump in like-for-like sales (November 2009)
Dunelm - Homewares retailer to open 10 new superstores this year (August 2009)
Dunelm - Take part profit after good run (June 2009)
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Dunelm Group - Ungeared homewares retailer well placed for further expansion (January 2009)
Dunelm - Homewares firm prices low and still beats forecasts (December 2008)
Dunelm - Homewares firm eyes entry (December 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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