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Looking fantastic
Earning/share of over a pound is 60% increase on last year. One to keep for long term income play.
The share price today, and this week, has been showing that this company looks to be resilient.
I agree on the director buys. Hopefully this is more than simply a bear market rally.
Up 3.4%. Let's face it as we know from the RNS's the directors have been filling their boots with share buys and now we know why.
All IMHO.
Im not entirely sure thats accurate. People have had a lot of savings which is being diminished due to inflation so things will get worse for the consumer. If you think things are bad now then it will get worse unless the Govt reduces taxes or commodity prices fall.
The question is, given this context, how resilient is Dunelm and its consumer base?
Looks like they are in an excellent position for when things improve, and are solid while the markets are relatively bad at the moment.
Pretty safe bet by the looks.
All IMHO
The results weren't overwhelming considering the amount of savings people had but I'm glad we beat analyst expectations.
p/e of only 8 looks a bit mean to me - increase in sp justified but market is cautious atm.
It's been on a long time frankly. However the sp has been showing signs of life of late. The sp is shot to pieces.
Great activity leading into results tomorrow.
Probably more important at the moment is the company’s share buyback, which seems to be providing support at £8.00.
I would never consider any equity analysts price target. They are always wrong.
The macro environment is pretty clear, the only firms who can weather another short term decline are those with strong balance sheets and dividend payers.
I agree it's helpful that directors have been buying. They won't be able to control the short term price movements but will be able to convince long term investors that this company is a safer haven in the retail sector vs its peers.
niklol:-
"Dunelm downgraded by RBC"
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Yes. You fail to mention new target £9.50 and the current sp is £8.09.
I'd say anyone short with DNLM is taking a massive risk.
Not only have various directors made large share purchases in the last few months Dunelm have had a massive sale on. A POSITIVE trading update is not out of the question, and the shares have come down from £14 a share to £8.00.
All IMHO.
Q2 earnings are expected to be disappointing throughout the market in the next few weeks. Does anyone have any market consensus or expectations for Dunelm?
Dunelm downgraded by RBC
Pets at HOME downgraded ? People not buying animals that ruin sofas?
It's going up again now
No clue either.
Anyone know why? The rest of the market is up.
Overbought*
This is becoming oversold in the 1m, 3m and 6m chart. Hopefully it can maintain momentum and stay about 50 on the RSI and above 0 on the MACD.
Looking for a staedy increase in the sp from here.
By any stretch the sp looks bombed out.
All IMHO.
It was a good day yesterday. Hopefully the bottom was just below 800 and we can aim for over 900 next week.
Needed to put the year just in case......... LOL!
From a technical perspective the company was oversold on the RSI on the 1y chart. It still is oversold on the 5y chart. The 3m and 6m charts are looking healthier now.