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Dunelm

August 2014

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:
  • 824p
Another superb update from Dunelm, which said  overall sales for the year to end June were up 2.1% like-for-like (+7.8% including new stores), helped by an accelerating trend in Q4 where sales were ahead by 5.5% like-for-like (up 12% including new stores). This was driven by a successful national advertising campaign and an improved internet offering (up to 7% of sales in Q4). The sales growth has not come at the expense of gross margins, which in fact are said to be up 80 basis points year on year. Twelve more superstores were opened to take the total to 136 at the year end and eleven more have already been committed for the current year, against a total target of 200. Pretax profit for the year ended is expected to be £11 ...

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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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