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Dunelm - Special dividend unveiled

October 2012

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.

In our main buy note on homewares retailer, Dunelm last month we suggested another special dividend was in the offing. And so it has proved with the centrepiece of its final results on 13 September being a 32.5p special dividend, on top of an ordinary final dividend of 10p! Results themselves were excellent with revenues up 12.1% to £603.7m in the year to 30 June, while pretax profit rose 15.1% to £96.2m, helped by a 0.3% rise in gross margin to 48.3%. Eps rose nearly 20% to 35.1p. A major feature was the £91.9m (2011: £74m) cash generated from operating activities, which helped net cash increase from £35.1m to £65.2m. Unusually amongst retailers the poor summer weather boosted Dune ...

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Dunelm - Well-placed to beat forecasts (February 2022)

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Dunelm (May 2021)

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Dunelm (May 2020)

Dunelm (April 2020)

Dunelm (February 2020)

Dunelm - Take a part profit after share spike (January 2020)

Dunelm (December 2019)

Dunelm (October 2019)

Dunelm - Shares hit new high (August 2019)

Dunelm - Margins and sales up strongly (June 2019)

Dunelm - Shares have soared 300p this year (April 2019)

Dunelm - Trading ahead of expectations (February 2019)

Dunelm - Confounds doubters as sales, margins grow (December 2018)

Dunelm (November 2018)

Dunelm - CEO purchases c.Â£250K shares (September 2018)

Dunelm (July 2018)

Dunelm - Significant director buying (June 2018)

Dunelm (March 2018)

Dunelm (December 2017)

Dunelm - Better trading sparks rally (November 2017)

Dunelm (September 2017)

Dunelm - Four directors buy shares after unjustified de-rating (April 2017)

Dunelm - Worldstores acquisition dents profits (March 2017)

Dunelm - Warm weather temporarily knocks sales (November 2016)

Dunelm (August 2016)

Dunelm - New CEO licking it into shape (June 2016)

Dunelm - 50% sales growth target (May 2016)

Dunelm - Negotiates mild Christmas without mishap (February 2016)

Dunelm - Acquires Fogarty bedding brand (December 2015)

Dunelm - New CEO eyes internal improvements (September 2015)

Dunelm - 70p-a-share special dividend (April 2015)

Dunelm (February 2015)

Dunelm - Will Adderley returns as CEO (November 2014)

Dunelm - Specialist homewares retailer looking good value again (September 2014)

Dunelm - Cash generation very strong (March 2014)

Dunelm - Another special dividend (November 2013)

Dunelm - Shares burst through Â£10 (September 2013)

Dunelm - Trading ahead of expectations (May 2013)

Dunelm - Gain to date:374% (March 2013)

Dunelm - Gain on original tip: 323% (February 2013)

Dunelm -Homewares retailer eyes expansion to 200 stores (September 2012)

Dunelm (April 2012)

Dunelm (March 2012)

Dunelm (August 2011)

Dunelm - Trading beats analystsâ€™ hopes (June 2011)

Dunelm (April 2011)

Dunelm (February 2011)

Dunelm - Shares hit new high of 470p (November 2010)

Dunelm - Q4 trading ahead of hopes (September 2010)

Dunelm - Homewares retailer well set to expand to 200 superstores (June 2010)

Dunelm - 21.5p special dividend (April 2010)

Dunelm - Gross margins improve 200 basis points (February 2010)

Dunelm - Another big profit upgrade for homewares firm (December 2009)

Dunelm - 16% jump in like-for-like sales (November 2009)

Dunelm - Homewares retailer to open 10 new superstores this year (August 2009)

Dunelm - Take part profit after good run (June 2009)

Dunelm - Homewares firm to accelerate new store openings (April 2009)

Dunlem - Gross margins still ahead of last year (February 2009)

Dunelm Group - Ungeared homewares retailer well placed for further expansion (January 2009)

Dunelm - Homewares firm prices low and still beats forecasts (December 2008)

Dunelm - Homewares firm eyes entry (December 2006)

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

Dunelm - Special dividend unveiled

October 2012

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