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Dunelm

August 2011

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:
  • 470p
Shares in Dunelm have rallied strongly after the out-of-town specialist homewares retailer announced positive Q4 and full-year trading. For the 13 weeks to 2 July total sales grew 11% while like-for-like sales rose 1.9%. Meanwhile, for the year to 2 July sales grew 9.3% (like for like sales minus 0.6%), while gross margin is expected to have increased 120 basis points. The opening of a new superstore at Fareham brings total openings in the year to 10, including one relocation and leaves Dunelm with 103 superstores. Its pipeline remains strong with 13 new superstores contractually committed. In spite of capital investment approaching £40m, including funding a new head office, net cash increased to £31.6m (2010: £10.6m). < ...

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Dunelm - 70p-a-share special dividend (April 2015)
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Dunelm - Will Adderley returns as CEO (November 2014)
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Dunelm - Cash generation very strong (March 2014)
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Dunelm - Shares burst through £10 (September 2013)
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Dunelm - Gain to date:374% (March 2013)
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Dunelm - Special dividend unveiled (October 2012)
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Dunelm (April 2012)
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Dunelm - Trading beats analysts’ hopes (June 2011)
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Dunelm - Shares hit new high of 470p (November 2010)
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Dunelm - Homewares retailer well set to expand to 200 superstores (June 2010)
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)
Dunelm - Homewares firm to accelerate new store openings (April 2009)
Dunlem - Gross margins still ahead of last year (February 2009)
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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