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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dunelm

November 2018

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:
  • 547p
Given the warm weather, some were expecting another warning but results were bang in line with the shares spiking 50p. For the year to June turnover increased 9.9% to £1,050m (like-for-like sales growth: 4.2%) while pretax profit fell 8.7% to £102m (2017: £109.3m). Eps fell 6.5% to 36.2p while the dividend rose almost 2% to 26.5p. Net debt was up £2m to £124m but net debt/EBITDA is still a modest 0.9x.Amidst a tough industry backdrop, Dunelm increased its market share (taking a chunk out of John Lewis, whose profits fell over 90%!) and is overcoming the challenges from Worldstores. The company recently announced the latter’s closure and has moved all products across to its own website, Dunelm.com ...

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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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