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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Dunelm

May 2021

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:
  • 1381p
The shares rallied after Dunelm said full year results will be modestly above the upper end of  analysts’ expectations (pretax profit: £120m-£125m). Q3 sales fell 16.8% year on year, a resilient performance helped by strong digital growth. Remarkably, digital sales represented 92.5% total sales, up from 22.5% in Q3 ’20. For the year to date sales rose 10% to £956m with gross margin rising 0.5%. Net cash was £40.2m.While lockdown 3.0 meant Dunelm missed out on the strong Homewares market, its 13 stores in Scotland finally opened on 5th April followed the 156 stores in England and Wales on 12 April. Peel Hunt has upgraded FY’21 PBT by £10m to £ ...

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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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