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Dunelm - Warm weather temporarily knocks sales

November 2016

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:
  • 823p
Unhelpfully hot weather encourages people to go out rather than stay in and do DIY and this meant home furnishings group Dunelm’s current trading has been marginally lighter than expected with Q1 17 revenues down 1.8% to £199m and like-for-like growth lower by 3.8%. But in the main Dunelm continues to tick over nicely. Full year results for the year ending June ‘16 showed turnover, pretax profit and eps rise 7.1%, 6.2% and 7.5% respectively to £881m, £128.9m and 50.3p. With free cash flow increasing 27% to £110m, net debt of £79.3m was slightly less than consensus.Of the eight core strategic objectives, highlights include a new warehouse opening in Stoke, doubling capacity and providing cos ...

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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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