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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dunelm - Gross margins improve 200 basis points

February 2010

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:
  • 355p
Dunelm has yet again announced better-than -expected trading with like-for-like sales rising 11.6% in Q2, albeit down from the extremely high +15% recorded in H1. The out-of-town homewares retailer also believes gross margin improved 200 basis points in the period, as although the weak Sterling increased some product costs, its active management of gross margin allowed it to offset these while maintaining its advantageous price position in the market. Net cash increased again to £45.9m as at 2 January, with the average daily cash position over the half-year being £40.1m. Meanwhile, the expansion of the store base is still going great guns with six new superstores opened in H1, taking the total to 88, while a further six a ...

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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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