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Now only 8 full trading days to Results on 8th September 2021.
Cracking results known. Added 6months to last two three months....
Take a look....even with a lower P/e ratio!
I agree on results.They are really busy.However, any outlook statement will be crucial to share price
Let’s hope you are right with 15 pre results. I agree results based on what we know should be cracking . I hope you are right . Dunelm always moves fast up and down
Only 14 full trading days left until Results.
I am expecting the share price above £15 pre-results...if you add 6 months results and the last two quarters...
Good Results already communicated..
3 weeks until results are out and I am expecting a nudge up to the 14 mark pre results . I can’t see anything but good sales figures and my only minor worry is supply issues and associated costs rising . Overall I am pretty positive on Dunelm
Dunelm has recorded a 101.7% rise in sales during the 13 weeks to 26 June to £380.1m, compared with last year when its stores were shut, as the crisis-fuelled homewares boom is showing little sign of slowing down.
Subscription only:
https://www.thetimes.co.uk/article/dunelm-furnishes-sales-rise-ld27ml2jr
After a strong pandemic performance, homeware retailer Dunelm (DNLM) looks set out to pay out bumper dividends, says broker Peel Hunt.
Analyst John Stevenson reiterated his ‘buy’ recommendation and target price of £17.50 on the stock, which closed down 6.3%, or 90p, at £13.49 on Wednesday after a quarterly update that showed revenues up 43.9% against 2019. Profit for the full year is expected to be £158m, or £9m ahead of Stevenson’s previous forecast.
The analyst said the cash balance of £129m is also ahead of expectations and ‘management is committed to a return to published capital policies’.
‘Historically, this would mean gearing up to…and paying out surplus cash as a special. In reality, we would expect some caution given uncertainty as to whether any Covid-19 restrictions might return over winter,’ he said.
However, by the company’s 2022 financial year, Stevenson expects the retailer to hold cash of over £350m, and has ‘pencilled in combined financial year 2021 and 2022 dividend payments of £270m’ by September 2022. Dunelm could end up paying out even more ‘given the current strength of the balance sheet’, he added.
UK-focused stock that may offer capital growth potential is homewares retailer Dunelm (LON:DNLM). The FTSE 250-listed company has coped better than many retailers during Covid-19, with its pivot to e-commerce allowing it to deliver resilient sales and profitability.
Although the vast majority of Dunelm’s stores reopened in April, it could benefit from factors such as improving consumer sentiment. Indeed, UK consumer confidence is now at the same level as at the end of 2019. Moreover, an improving economic outlook, as well as record savings levels, may strengthen Dunelm’s financial performance.
Its forward price-earnings ratio of 26 is relatively high, but a forecast double-digit rise in earnings per share in each of the next two years could lead to share price growth.
Will Adderley, Deputy Chairman of the Company sold 15 million shares to diverseicate back in feb and would not sell anymore for at least 90 days well wait for the TR1 i bet he,s done it again hence the drop .no matter the rise will come in due course.
Terrific results. Great buying opportunity.
On the bright side i see Dunelm as the Next of the home furishings give it a few year and the sp will look very cheap.
And the dividends will match and far exceed any interest rates but it will put presure on prices and wages and other costs in the short term i still think this is a well run well placed firm and i will add were i can good look to all.
Yes it is a paradox excellent results and the price is falling ,i put it down to the inflation figures then it goes interest rates will have to rise ans so people pull money from the markets in anticipation of higher rates jmo.
Have bought a total of £8k this am = was expecting a rise - maybe tomorrow or later once the analysts have worked through these great numbers.
So why has sp fallen?
As had been flagged they have continued to trade well into the last quarter.
Profit before tax for the full year will be approximately £158m, slightly ahead of analyst forecasts (These were the ones after the update in May £149-153M).
Net cash is now £129M - when you consider this time last year they had a net debt of £30M it has been a great performance for the year. It gives them the resources to invest and drive the business forward in the future as can already be seen in their investment in additional distribution facilities.
Very large UT at close. Very positive.
Agreed. Stunning update.
i don't know if it was scheduled ,i din't see anything yesterday ,DNLM is up £1 now , not chasing.
Between 10% and 15% ahead of expectations.
I was expecting a strong bounce back but this is really good.
Total sales increased by 59% on a 2-year basis against the equivalent period in FY19
'the Board expects full year profit before tax (PBT) will be significantly ahead of the latest range of analysts' expectations[2]. Whilst there is still some uncertainty in the short-term outlook, we anticipate FY21 PBT will be in excess of £148m.'
And now we have the share incentives for ceo , which are a good indicator as to the good prospects now in view!
Dunelm Group expects to end the year “modestly ahead” of market forecasts as it gears up for reopening.
Subscription only:
https://www.thetimes.co.uk/article/dunelm-ready-to-welcome-back-eager-shoppers-2bgwwvch8
Would like to see some market share data to see how they’ve done against John Lewis since the latter’s collapse.
I recall that in a very fragmented market, JL were mkt leaders with about 10% then Dunelm and a load of independents who were getting mopped up.
Could be a case of ‘last man standing’?
I don't blame them. The Range near me has been open, selling homeware, just because it has a 2m x20m Iceland frozen food section.