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Dunelm - Shares enjoy burst of growth

December 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.

Dunelm has again issued strong results for the year to 2 July with turnover rising 9% to £538m, while pretax profit was up 9% to £83.6m and eps increased almost 9% to 29.3p. The group has continued to gain market share and although like-for-like sales were flat at minus 0.6% against tough comparables (+8%) in 2010, it opened ten new superstores taking the total to 103, thereby increasing net trading space by 300,000 sq. ft. to 3.1m sq. ft. Encouragingly, recent openings are trading well and management have estimated that those stores opened in the past three years have paid back their capital investment in just 30 months against a target ...

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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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