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Dunelm - Negotiates mild Christmas without mishap

February 2016

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:
  • 860p
Dunelm has seemingly dodged the warm December bullet with its trading update showing like-for-like sales growing 3.9% with total sales up 8.3% for the 13 weeks to 2 January. Admittedly it was flattered by a positive timing impact of six extra trading days of its Winter Sale falling within the Q2 and stripping this out, like-for-like sales declined 0.8%. Gross margins rose a useful 0.3%.Dunelm opened seven new stores including two relocations and ended the period with 151 superstores. Net debt was £48.1m (H1 ’15: net cash: £61m) after the special dividend paid in H2 ’15.Jefferies has nudged up eps forecasts by 1.2p to 48.2p for FY’16 and by 1p to 56.4p in FY’17.Tipped at 182p, t ...

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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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