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The reported sharp drop in UK retail sales for December contrasts with the record results up to Christmas for Dunelm - it highlights the strong position the company has carved out in its sector, both online and instore.
AJ Bell must be wrong then
Dunelm smashing it out of the retail park, says AJ BellThu 05:03
Dunelm (DNLM) has ‘smashed it out of the park yet again’ as the homeware retailer posted a record quarter, according to AJ Bell.
The group reported sales of £407m in the quarter leading up to Christmas, up £46m on the previous year, as it continues to benefit from the home improvement trend as well as a flurry of activity in the lead-up to the festive season.
‘A key plank of the transformation of Dunelm under chief executive Nick Wilkinson has been an improvement and expansion in online sales,’ said analyst Russ Mould.
‘That has really helped during periods when footfall in its stores has either been reduced or wiped out entirely thanks to restrictions or people’s reluctance to go out.’
He added that increasing profitability when cost pressures are mounting is ‘testament to the quality of its product range and how it is resonating with consumers’.
‘A key basic element of retailing is getting the right products in front of customers at the right time and Dunelm is ticking this box for now,’ said Mould.
from now I think. Very good update last week. Looks like the dividend will either be maintained or improved.
All IMHO.
Dunelm (DNLM) has ‘smashed it out of the park yet again’ as the homeware retailer posted a record quarter, according to AJ Bell.
The group reported sales of £407m in the quarter leading up to Christmas, up £46m on the previous year, as it continues to benefit from the home improvement trend as well as a flurry of activity in the lead-up to the festive season.
‘A key plank of the transformation of Dunelm under chief executive Nick Wilkinson has been an improvement and expansion in online sales,’ said analyst Russ Mould.
‘That has really helped during periods when footfall in its stores has either been reduced or wiped out entirely thanks to restrictions or people’s reluctance to go out.’
He added that increasing profitability when cost pressures are mounting is ‘testament to the quality of its product range and how it is resonating with consumers’.
‘A key basic element of retailing is getting the right products in front of customers at the right time and Dunelm is ticking this box for now,’ said Mould.
Shares in Dunelm rose 5.2%, or 69p, to £14.09 on Wednesday.
to see how the sp does in the next couple of weeks.
Up 8% this morning, now only up 4.5%.
Bodes well for the coming weeks.
All IMHO.
My 4th Jan decision pays off.
Up 7.5% now.
Have a shed load of M&S who's results are tomorrow.
Results here bode well for M&S tomorrow.
M&S close to re-joining FTSE 100. Good results and they will IMHO.
All IMHO.
.
Yes, that looks a really strong performance.
Major European stocks stood deep in green territory ahead of Wednesday's session, continuing positive sentiment from yesterday's trading in New York prompted by remarks from Federal Reserve Chair Jerome Powell.
In a hearing before the Senate Banking Committee, Powell noted that the high inflation will likely prolong at least until the middle of this year, adding the Fed could increase its key interest rates even more than planned if inflation risks remain elevated. In Europe, the coronavirus-related concerns seem to have eased despite the spread of the Omicron variant still pushing record COVID-19 numbers across the western bloc.
The DAX gained 0.76%, while the FTSE 100 rose by 0.63% and the CAC 40 expanded by 0.86% at 7:03 am CET.
Both the euro and the pound recorded slight gains against the dollar at 7:15 am CET to sell for 1.13740 and 1.36430, respectively.
Baha Breaking the News (BBN) / ND
A great day to have a positive report released.
Positive market and positive numbers.
Should poke a new 52 wk high.
Take profits mind:
(envious)
The sp actually dipped 0.3% today which is surprising considering Boris is saying the UK will almost certainly NOT lock down with this covid wave. Obviously all retail Co's will benefit.
All IMHO.
Trading seems to have been going well -
In the Directorate change rns 13th Dec-
'Since its first quarter trading update, announced on 14 October, the Group has continued to see strong trading momentum and will update the market further in its second quarter trading update on 13 January 2022.'
Share buyback seems to have finished/halted - they have purchased just over 700k shares for circa £9.5M, on the positive side they were purchasing them when the price was supressed (average price was 1364)
But the full report also said -
'In broad terms, our estimates suggest that individuals who have received at least 2 doses of either AZ or PF/MD vaccine remain substantially protected against hospitalisation, even if protection against infection has been largely lost against the Omicron variant (4,5).'
On the basis of this I started buying again, including DNLM.
No less severe that Delta, far more infectious.
Market having the old "dead cat bounce" I fear.
https://www.reuters.com/business/healthcare-pharmaceuticals/omicron-infections-appear-no-less-severe-than-delta-covid-19-lowers-sperm-count-2021-12-20/
I have done the same for 75% of my holdings. I am sure Dunelm will do OK but it is hard to see that there will not be a more general sell off in the near future which will drag it down with everything else.
I still have a small holding here and will rebuild once things become clearer.
week. I hope the Omicron variant proves to be so mild even with massively larger numbers getting infected things don't get worse for the uk's NHS. However I fear with many more people getting infected, even if generally it is a less severe illness it will still bring the UK's NHS to it's knees meaning another lockdown. Also, just as, if not more important is the UK has comparatively good vaccine cover for it's population. BUT what about Europe, USA, Japan, China, Russia etc..????????? If the UK is looking at big problems they are going to have proper nighmares.
I fear we are days if not a few weeks away from another stock market crash.
All IMHO.
Earlier in the year the Adderley's reduced their holdings to enable them to diversify their portfolio (reasonable enough).
I wonder if they will use the buyback to further reduce their holdings? It would seem like a good opportunity and may explain why Dunelm purchasing circa 40k of its own shares a day is having little impact on the share price.
That's because they are buying their own shares - nearly £2.5M spent last week.
What you might call a very good sign indeed.
Glad I got some of these.
What are the thoughts on the share buyback? They are spending up to 20p per share on this over the next year (about 1/5 of the total dividends payed this year).
The shares will go in treasury (so not cancelled) and then be reissued to staff. The alternative, I assume, would have been to have issued new shares. Doing it the way they are means that there is no dilution and will affect the EPS in a positive way with regards their performance criteria compared to issuing shares (convenient for them....).
What I am not sure about is the time these are vested over and the real actual cost as some will have a cost (to the employee ) at vesting which would then accrue to the company.
I have looked at the Annual and remuneration reports but I am not skilled enough in this area to calculate what the overall cost will be and the time fame it is over, has anyone done this analysis?
well done great company and divi,s to boot.
Gulp!
Bought in before XDD. Our local store has just been well refitted and the footfall is very encouraging. By all appearances the supply chain seems to be holding up. A bit of foresight kicked in there:
https://corporate.dunelm.com/discover-us/building-our-supply-chain-for-the-future-in-stoke-on-trent/
I think the big share sale from the CEO is still getting washed through the system , unfortunate timing and for no reason but to cover his tax and NI liabilities. going down when all peers going up 3 days before ex divi is not good. Come on Dunelm