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Dunelm - Will Adderley returns as CEO

November 2014

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:
  • 815p
Results from out-of-town homewares retailer Dunelm were overshadowed by news that the CEO has resigned and been replaced by Will Adderley, son of the founder and a former CEO himself, who brought the company to market back in 2006. No funnies here, with the no nonsense reason given that the Adderleys wanted to shift priorities from process and infrastructure back towards top line sales through focusing more on the product and greater “entrepreneurial spirit” and this should be good news for shareholders.Results for the year ended June ’14 showed turnover, pretax profit and eps rising 8%, 7% and 9% respectively to £730.2m, £116m and 43.7p. Working capital of £9.3m and capital investment of £ ...

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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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