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i just dont understand decline news wasnt bad
The released a market update on September 1st and the shares went above £15.
I don’t own Dunelm although I have in the past.
Last summer they were opening out of town stores and I was shouting “online” then toward the end of 2019 they really did focus on e-commerce and then by default with Covid lockdown their on-line picked up really well.
This is a surprise market reaction today.
It always surprises me the way share prices move. There was nothing in this that was not in either the Q4 trading update or the recent Q1 update, the latter spiked the price to 1560, this has dropped it to nearly 1400....
Judging from the packed carpark outside our local store the increased sales should continue through this month. High number of house sales has also got to be good for Dunelm, as people refurbish with new curtains etc.
I think that we will see a rise again into the the full Q1 results, even if they only average 20% revenue increase this should more than offset the additional covid/mi wage/capex that they flag.
my god you go to news and see headlines''''double digit profit fall etc etc' like RNS was bad news like in fact was very good This summer sale 50 percent up since last year for example when was no closure or covid Of course in year total little bit down because of closure but its very good news ****ing headlines say otherwise Idiots
Once again top score.
It’s the quiet ones!
Well doubled since March low of just over £6 this isn’t finished yet.
The stock is a prime example of those shares that the market overacted on and has now corrected.
Worth watching today.
It looks like they have kept the momentum going forward - very strong trading update.
I thought it was OK- will be interesting to see how it is viewed by the market. Significantly, net debt was reduced by £5M (to 35M) from the early April update which is pretty good going under the circumstances. Some increases in expenditure on social distancing measures and technology costs going forward.
It will be interesting to see to what extent the a strong bounce back in June (+20% YoY) is maintained going forward. The companies mix of online and large spacious shops should be a good combination with covid still casting a shadow over retail.
This should be a fascinating update. They have a good online presence now (which I tried and it worked well) and the shops were open earlier than many. The car park by our local one has been reasonably busy since the store reopened. People seem to be doing up their houses during the lockdown which should have been good for them. I am sure they will have taken a hit to revenues but how much of this has been able to be offset by the furlough payments etc will be interesting to see.
Southstreet the financial update issued on the 11tg of April would seem to disagree, quote:
“As at 11 April 2020, net debt was approximately £40m.”
Hi Agent. Sorry, haven’t been checking in here so could not respond. I was surprised at the price achieved over the last couple of days....it felt pretty high considering climate, even though i like the business. I was a buyer in the 6s but would not be in the 9s. ...the risk reward doesn’t do it for me at that level. Happy to be wrong, just my opinion.
Net Debt £379 MIo
Any DNLM fanatics.. I have two questions for you, if I may.
1. Has Dunelm got any debt?
and
2. What is their cash balance?
Tyia for any reply.
So it's a strong buy? Dunelm Group’s share is fairly volatile it scares me that. My heart would bump all the time after I buy it
Share price seems to have moved up fairly quickly since those £6 days.....just a couple of weeks ago. Be interesting to see how the last couple of weeks have been for trading. I think there is a bit of market relief that NXT has re-opened for on-line and that there has not been a wider shut down of on-line deliveries from retailers. People taking the opportunity to do a lot around the house whilst at home....where money and health permits clearly.
Dunelm is pretty much debt free, has a great online offer and as people are spending more time at home are in a great position to make good sales. My guess is by the end of this month stores will be able to open again all be it with social distancing restrictions.
Another fairly quiet board. Kicked myself a while back for selling out at £11 but was happy to buy a decent amount back yesterday. Thought the update was decent and the price accelerated down towards £6 after opening creating a good buying opportunity. Happy to stick those away for a fair while as I think Dunelm has a decent story to tell and I like the on-line capability they have created. Think their pricing/offering is right for the times we find ourselves in. All INHO.
Dont need to panic. You have quality people such as Paula vennells on your Board
https://www.dailymail.co.uk/news/article-8132739/Former-Post-Office-chief-dragged-staff-court-blunder-scandal-quits-government-job.html
Dunelm share price could increase same as Next one day.
There’s a good set of interims out from Dunelm [LON:DNLM] this morning with meaningful improvements in both margins and revenues being recorded. The third quarter has started well, too, leading management to offer investors a 6.7% increase in the dividend. The current run rate is such that full year profit forecasts are now expected to come in slightly above previous expectations.
Average volume 379.59k
Shares outstanding 202.20m
Free float 108.88m
P/E (TTM) 24.06
Market cap 2.43bn GBP
EPS (TTM) 0.4991 GBP
Feb 12 (Reuters) - British home furnishings retailer Dunelm said on
Wednesday full-year pretax profit would come in slightly above market
expectations, as its newly revamped web shopping platform delivered 33% online
sales growth in the first half, pushing overall sales almost 6% higher.
Dunelm, which has been outperforming Britain's troubled retail sector helped
by the completion of a troubled consolidation of its WorldStores online
business, reported an almost 20% rise in half-year earnings and said it had seen
a good start to the third quarter on the back of post-Christmas sales.
An excellent update today.
Dunelm Group updated the market on its second quarter on Thursday, reporting a 5% improvement in total like-for-like sales, which it said reflected "strong growth" across the total retail system, especially given the strength of the comparative period a year earlier where total like-for-like sales grew 10.8%.
The FTSE 250 home furnishings retailer said total growth, including the benefit of new stores, was 6.2% for the 13 weeks ended 28 December.
It said total like-for-like sales for the first half of the year increased by 5.6%, with total growth standing at 6.0%.
The company's total like-for-like revenue for the second quarter was up 5% at £313m, while total group revenue was 6.2% higher at £32.4m.
Dunelm said its gross margin improved by about 110 basis points in the second quarter, mainly due to sourcing gains and lower product markdowns during the period.
It said it maintained its commitment to "everyday great value", and did not participate in Black Friday or additional pre-Christmas discounting.
Margin improvements were made across all of its product categories, and in the year to date, it said its margin had improved by 120 basis points.
As its had previously announced, the firm successfully transitioned to its new proprietary digital platform during the quarter.
The board said it was pleased with both the smooth transition during switchover, and the growth on the platform since launch.
What happened- i bought some hyped ****e aim shares - should know better!
Don’t get this
Profitability higher .. subject to election .. but at same time major holding (5%) out.
you promised about a month ago to buy in , what happened.