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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dunelm - Shares burst through £10

September 2013

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:
  • 983p
A tremendous surge from shares in Dunelm, which passed through £10 for the first time, follows another strong trading update for the year to 29 June which noted turnover growth of 12.2% to £677m while like-for-sales increased 1.7%. Although the final quarter saw a 2.8% reduction in same store sales this reflected extremely tough comparables from a year ago. Gross margins are estimated to have improved by 0.4% for the year and 0.8% for Q4, which compares favourably to the 0.2% reported in Q3, reflecting improvements in product life cycle management and benefits from direct sourcing.Fourteen stores have now opened during the year while a further eight are in the legal pipeline. Meanwhile, average net cash balances were £51 ...

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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.

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