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Dunelm

February 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:
  • 1156p
After last month’s unscheduled update put a rocket under the shares, Dunelm followed up by saying Q2 like-for-like sales grew 5% against tough comparatives with gross margin increasing 1.2% in the 13 weeks ended 28 December. Profit guidance for the first half is £1m higher than forecast with Dunelm expecting £83m pretax profit after adjusting for the IFRS accounting standard on leases, changes that will reduce pretax profit by £1.3m in H1 ’20.The group remains highly cash generative with net debt of £68m (FY ’19: £73m) and weekly average debt of £24m. This was after paying a special dividend of £65m and £20m extra in tax than the prior year due to changes in corporat ...

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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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