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I hope!
Now up after good results yesterday.
IMHO should be moving up, a lot in next few days.
Will see.
results yesterday, which say they will pay a 26p dividend will move the sp closer to the £14 a share they decended from months ago? Currently £7.51 to buy. I expect some of the bigger players to take stakes here as it would be rude not to!
Will see......
All IMHO.
When you compare their results to those of John Lewis you can see what a good job Dunelm are doing of running their business.
Whilst I am all for rewarding this performance I am still not very impressed that they took out nearly £30 M from the profits for their performance options though.
the sp to gain say 4% tomorrow. Today with the market down the sp here would have been held back imho.
Will see. The results seemed splendid.
one might think they wil have a good day tomorrow, providing the FTSE100 does.
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/august2022
https://www.morningadvertiser.co.uk/Article/2022/09/14/Inflation-rate-in-UK-drops-in-August-2022
I think the sp will move up fro here, even with the retail sector doubts. The sp has already plummeted from about £14 a share if I remember rightly. With these results one would think the sp will be moving a lot closer to the £14....... ! A lot lot closer!
All IMHO.
Poor old retail can't get a break. A solid if not spectacular RNS tells me this is a steady Eddy of a business with the ability to expand when the economy improves. In the meantime, a healthy divi should keep investors happy.
So, with a fairly good RNS, under a 4% rise - if this had been poor news, it probably would have tanked 20% or more. Markets are so jittery and down on retail.
If we go into recession, then I will be keeping some powder dry for when we come out the other side as there are lots of retail businesses that are now very undervalued.
7% good start
started very well ,up 7% at 775p
Home furnishings retailer Dunelm said total sales in the financial year to July 2 were up at GBP1.58 billion from GBP1.34 billion the year before, and pretax profit increased to GBP212.8 million from GBP157.8 million. Dunelm raised its ordinary dividend by 14% to 40 pence from 35p, but reduced its special payout to 37p from 65p. The gross margin for the year slipped to 51.2% from 51.6% the year before, and Dunelm expects to achieve a margin of around 50% in its recently commenced financial year. Sales have been "robust" in the first ten weeks of its 2023 financial year, it added, and it is on track to deliver full-year results in line with analyst expectations.
I wonder if this is an automatic short for someone. Outlook for retailers is brutal and homewares is going to take a big hit imho. Dyor
The apocalypse? The BoE have predicted a 5 quarter recession from Q4. The Fed have predicted a "slow landing" next year (or a small recession in direct terms). I stated my reasons why it these were obvious outcomes in terms of yield curves.
Why am I invested? The stock market doesn't directly follow economics. The next 3 months will see the S&P move higher as inflation falls despite recessionary fears.
You are so so wrong, Homeserve which dropped 40% to 2014 level had received an offer lots of funds pored in to take it privately and sold at almost fair price. I was in total panic at some point but in the end staying calm I made a very nice profit.
Please do your research before you propagate the apocalypse which I can only assume you predicted and you are out unharmed because you are so clever and now you are hare with your comments because you have nothing else to do .
@hedged so are you still invested? Why haven't you sold everything in time given the abundance of knowledge you have?
massive director buys in the last few months, good trading update.
What else can this Co do to attract shareholders? Send them money directly maybe! LOL!
All IMHO.
Chief financial officer. Karen Witts:-
Karen Witts 5 August 2022 1,174 GBP8.4516 24,918
https://www.lse.co.uk/rns/DNLM/directorpdmr-shareholding-sszc2gefuiips9y.html
Why would a takeover be attractive? The Adderley family hold a massive amount of the shares and I can’t see them wanting to give up control.
If they did accept a takeover, if anything it would more likely be to private equity and private investors would lose being able to hold a solid, well run business.
I see bigger returns in holding this for the next decade than a 30% premium to current sp.
I understand the bigger players invest for the medium to long term.
I get the impression DNLM is a well run efficient Company with a good web site as well.
I think they will perform better than most in any downturn, then when things improove have excellent profits.
All IMHO.
A recession has been on the cards for the US and Europe for at least 6 months. The 2y & 10y inverted a while back and 3m & 10y spread has significantly closed.
Consumer confidence has tanked.
Consumer spending has tanked.
Mortgage approvals down 36% last month.
Inflation predicted to hit 13% in October.
The only shining light is non-farm payrolls, the US increased jobs by 500k which means the fed could increase interest rates by another 75bps.
Where are you getting info that a bigger player may invest?
a bid or maybe one of the bigger players will invest now to reap the benefits after the recession, assuming we have one!
Under £10 a share is silly IMHO.
All IMHO.
Seems extremely unlikely.
We are heading into a recession within 18 months.
There are companies down 80% who also look attractive.
Potential buyers will want to hoard cash too for the downturn.
has crashed from 1500p in sept 2021, to, although it has recovered a bit since the ridiculous lows of under 800p, the current 826p. We have had large director buys when the sp was over £10 and a fantastic trading update on 21st July!!! The traing update sounded just brilliant.
So here we are. Surely takeover Co's must be crunching the numbers here for a takeover. Seems extremely likely to me. Really.
All IMHO.