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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dunelm

May 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:
  • 710p
Dunelm grew like-for-like sales 6.5% in the first ten weeks of the third quarter (ended 7th March) including stores up 2.4% and Dunelm.com rising a sparkling 31.9%. Total sales growth was 7.9% including new stores. This was impressive given tough comparisons the previous year with Q3 FY’19 +12.5% like-for-like. Gross margin continued to improve. However, following two weeks of declining trading (ended 21 March 20) with sales down 8.8%, it has been forced to  temporarily close all its stores due to COVID-19.But it’s well-placed to ride out the storm with net cash of £11m as at 21st March and access to £175m of financing.Nevertheless it’s taking actions to protect cash flows such as managing s ...

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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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