image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Dunelm

October 2019

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:
  • 840p
Final results were in line with recently upgraded expectations with revenues rising 5% to £1.1bn, pretax profit increasing 35% to £126m and eps up 38% to 49.9p. A doubling in free cash flow to £154.4m reduced net debt from £124m to £25.3m, clearing the way for another special dividend of 32p. This, alongside a final dividend of 20.5p (up 5.7%), makes for a handsome full year payout of 60p.Gross margin increased by 1.6% to 49.6% with 1% from better sourcing and improved cost negotiations including more favourable currency. The closure of Worldstores in Q1 gained a further 0.6%.Celebrating its 40th anniversary, Dunelm’s prospects have never seemed brighter with like-for-like sales increasing ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe