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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dunelm

December 2020

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:
  • 1393p
Dunelm, the out of town homeware superstores retailer, reported a buoyant finish to its Q1 with total sales rising 36.7% to £359.1m as it “won market share in a buoyant homewares market.” Gross margins rose 1%. It’s also paying back furlough scheme monies of £14.5m, given strong cash generation.Peel Hunt estimates digital sales (which now include home delivery, click & collect and tablet sales in-store) rose 130.8% and non-digital store sales increased 16.7%. It also estimates a doubling in customers online with 40% of that growth coming from new customers and 33% from store shoppers moving online for the first time. As a result by the time consumers’ home spending boom starts to normalise, D ...

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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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