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Dunelm

November 2021

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:
  • 1332p
Since my last update, Dunelm has reported its full year results, which were in line with upgraded guidance. It has also released a bullish Q1 update showing strong trading continuing.FY21 results showed that despite stores being closed for 35% of its trading days, total revenues went up 26% to £1.34bn and pretax profit increased 45% to £157.8m. Eps rose 47% to 62.9p, while net cash soared from £45m to £129m. Together with the results Dunelm also announced a 65p special dividend accompanying its 35p ordinary. However, cashflow is so strong that even despite these two dividends, which result in a Q2 outflow of £178m, Dunelm is expected to be back to £45m cash by the end of next year. Gross margin r ...

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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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