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Dunelm

October 2016

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:
  • 870p
Back in March 2015, we said homewares retailer Dunelm is becoming one of the great total return stocks with five special dividends since we recommended the shares, including this year’s 31.5p, taking the total to 180.5p. Reporting 2016 results last month, there was also a 19.1p final taking the ordinary dividend to 25.1p – and the ordinary has climbed each year from 3.8p in 2007. Net debt stands at £79.3m but with free cashflow up a third to £110.4m, there is no sign the largesse for shareholders is over.Full year results were excellent with sales up 7% to £880m or up 1% on a like-for-like in-store basis (or 2.5% if you include home delivery.) Adjusted pretax profit was up 6% to £128.9m with earn ...

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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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