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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Dunelm Group - Ungeared homewares retailer well placed for further expansion

January 2009

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:
  • 157p
The financial pedigree of Dunelm, the out-of-town specialist homewares retailer, is not in doubt with pretax profit increasing from £31.3m to £48m in the last four years to 30 June. But given the current circumstances in which the country finds itself Dunelm's biggest success has arguably been in not succumbing to the siren voices (not least its broker, UBS), which encouraged it to massively gear up its balance sheet in the interests of “efficiency†ahead of its float in October 2006. That means that today it is virtually free of net debt and with weaker rivals dropping by the wayside there could soon be opportunities to acquire new sites cheaply, clearing the way for it to double its base of superstores to 150 much sooner than expe ...

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Dunelm - Another big profit upgrade for homewares firm (December 2009)
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Dunelm - Homewares retailer to open 10 new superstores this year (August 2009)
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Dunelm - Homewares firm eyes entry (December 2006)

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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