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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dunelm

February 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:
  • 489p
Shares in specialist homewares group Dunelm hit a new high of 550p on 15 December, making for a three-fold gain since our Buy recommendation at 182p in April '09. Its latest update, covering the 26 weeks to 1 January, showed like-for-like sales declining 1.2%, including a 4.2% fall in Q2, reflecting tough comparatives with the previous year. Gross margins for the period improved a further 1.1%.Meanwhile, total sales growth was 8.5%, helped by seven new openings, including one re-location, as well as three major store refits, taking the total to exactly 100 superstores. The pipeline remains strong with at least four leasehold superstores to open in H2. After enjoying numerous upgrades Dunelm has now suffered 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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