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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dunelm - Q4 trading ahead of hopes

September 2010

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:
  • 384p
The shares staged a sharp recovery, helped by a slightly better than expected year-end update. This showed like-for-like growth of 8% for the year to 3 July, with 15% growth achieved in H1 and 0.8% in H2, the latter reflecting changes in the timing of the winter sale as well as strong comparatives the previous year. Gross margin improved thanks to successful management of old stock and is expected to increase by 1.9% to 46.8%. Thanks to tight cost control operating profit will be slightly ahead of expectations, while daily average net cleared funds were £18.6m since the year-end, impressive given the £43m spent on the share buy-back.Dunelm opened 10 superstores during the year and now trades from 94 superstores and 10 sma ...

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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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