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Yeah right.
You sold too soon, didn't you? :)
much better bets out there... check out there website, just awful
I think the growth has been and gone IMO
Keep the wheels turning over. Better than my FSJ & ICAP yesterday! but still I worked my way through it.
Mary - me too out (gratefully) for now. Lovely pop. Exactly what I was hoping for.
This is what you are looking for....
In line with our capital policy, and as a result of the strong cash flow and net cash position at the end of the year, the Board has declared a special dividend of 65p. The special dividend will be paid on 8 October 2021 to shareholders on the register at the close of business on 17 September 2021.
Took profit at 1448 - what a lovely pop today. Out for now.
GL all.
I can see this hitting £15 over the next week because the growth story is robust.
Laid out near bottom of RNS , next week for 65p and 35 p in October. I can’t see this NOT re rating M&S style. Long overdue
Have they announced the ex. div. Dates yet? Can't seem to find announcement.
Thanks Monk.
Before todays results-
'The 7 analysts offering 12 month price targets for Dunelm Group plc have a median target of 1,550.00, with a high estimate of 1,850.00 and a low estimate of 1,150.00'
Completely agree. Very bullish. I think the brokers have TP of over £17 on significantly lower forecasts. Promising run ahead.
100p divi by now and end of October to be paid out . Great climb today on a depressed market .
Great results .
Net cash £128M, pre covid they were 30M debt- ordinary divi 35 p + 65p special divi.
What I also like is - ' the Board expects that FY22 PBT will be modestly ahead of the top of the range of analysts' expectations.'
I suspect that a political solution will be found to the supply and resource issue.
Since Brexit we are free to trade with the world. There are plenty of lorry drivers in India and we can get them over on a work visa any time we like. For anyone who has been to India, you will know that those guys can do some "creative" driving.
Hurrah for sovereignty! Long live Brexit...
The brilliant numbers are a given it is the outlook and level of supply and resource disruption that will dictate the share price reaction on Wednesday . I honestly can’t call .
Someone bought shares worth £3m at £12.77 on Friday.
Maybe they looked at Q4 RNS with expected PBT at £158m = eps at 62.26p at current P/e of 29...
And said how can that be?
Not directly related but pretty close , down 7 % in just over a week apart from M&S bucking the trend this is across the retailer board. I can’t help but think it is ongoing supply issues. I am still hopeful we will re rate M&S style. Stay at home staycations will continue to push demand online and in the shops.
Interesting: The Annual Results are out on 8th September 2021.
Last Year on 8th September 2020 the share price was £15.07p. Today it is £12.86.
In the last year we know that Revenue is up 26% to £1,336.2m and Profit before Tax is £158.0m versus £109.1m last year ...an increase of 45%...... Is the UK stock market efficient and rewards success?
Only another 5 full trading days to Results next Wednesday..
Accounts to 26th June 2021 eps around 62.26p and P/e of 29 as stated on most finance sites gives 1805p.
Interesting UK stock market which undervalues shares and then a re-rate like M&S.
Definitely shows that UK analysts are incapable of spotting the gems :)
Now only 6 full trading days before Results...
At this price Dunelm is so cheap and being held back because of the Jackson Hole announcement, and so it would be rude not to pick up some more cheap shares..
Thanks..
Peel Hunt brokers seems to think a special dividend could be on the cards in the Fall . Let’s hope so .
Marks and Spencer up over 25% since 19th August with their results.....
Would be nice to see similar re-rate at DNLM.
I expect a stronger week next week as we head to results . quality has to prevail . At this price I see minimum down side . Only concern is supply costs and outlook . M&S certainly knocked or out the park