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Started: dalius, 15 Feb 2024 15:49
Last post: dalius, 22 May 2024 16:25
Thank you after some confusion with my shares the dividend was eventually paid in full with no tax deducted . And my BME shares which are based in Luxembourg have had the 15% withholding tax deducted . Thank you for your reply nice to have help and guidance on this matter .. As Inflation has dropped to around 2.3% the dividends from Dunelm are starting to look good at around 4% . Good luck with your investments
Dalius,
Your story made me curious.
I've just checked my Hargreaves tax certificate for 23/24 Fund and Share account and no tax was taken off for Dunelm dividends, which are listed under "UK Dividends".
Dunelm dividends do not appear under "Overseas Income" on my certificate. I do have others in this category (eg DEC), on which I have paid witholding tax, but not Dunelm.
So if you have paid tax on yours something is wrong somewhere.
Thanks Taverham looked in to it further and Dunelm is Luxembourg based so is subject to 15% with holding tax even in an ISA . looks like a new tax law with Luxembourg comes in to effect in April 2024 which might change this hopefully ...
Dalius, this is a UK stock so no withholding tax due.Something wrong somewhere- check with broker.
Hi I hold these shares in my ISA is this still subject to the 15% holding tax ???? As this has been deducted on my ISA account
Started: bongo5, 21 Jul 2023 14:03
Last post: Realist1, 21 Apr 2024 13:50
Remember it was around 678 just over 1 year ago. Who knows???
Almost clicked on the buy bottom just before closing @£977, but I hesitated, and it closed @£9.74. maybe I can buy at even lower price on Monday, perhaps?😁😁
A consumer cyclical at its 52 week low. Must be worth a punt.
Because of this poor update, I probably need to rethink and hold my fire for the time being.
Poor trading update for the 3rd quarter. Will this fall to below £10? Will pick a few up if it does.
Started: RazorsEdge, 2 Feb 2024 05:33
Last post: RazorsEdge, 2 Feb 2024 05:33
Homeware retailer Dunelm (DNLM) is Berenberg’s favoured consumer-recovery play and expects it to be one of the strongest performers this year.
Analyst Matthew Abraham reiterated his ‘buy’ recommendation and increased the target price from £13.70 to £14.10 on the Citywire Elite Companies A-rated stock, which was trading at £10.97 on Thursday.
‘Dunelm is one of our two top picks among our coverage, along with Cranswick,’ Abraham said.
‘We expect Dunelm to be among the strongest performers in 2024 within our UK small- and mid-cap consumer coverage. Dunelm should make the most of what we anticipate will be a year of weak market growth in both the home and living and the furniture end-markets.’
Abraham predicted that Dunelm will take further market share given the investment in pricing after the easing of company-specific freight cost pressures that should be a ‘differentiating decision given that difficult end-market conditions in 2024 are set to pose a significant challenge to Dunelm’s more highly levered peers’.
Started: seen_it_done_it, 15 Dec 2023 20:52
Last post: seen_it_done_it, 15 Dec 2023 20:52
Most brokers' target prices were around £11. It must be the late Santa rally, which has helped the SP to shoot past it. Unless some unusual upbeat news come up to drive it further north, I think this should be near to the top now.
Started: Nigel50, 19 Oct 2023 11:10
Last post: Forensic505, 24 Oct 2023 18:05
This is a superb company but I fear not even they will fare well over the coming 12 months. Generally, I think many are underestimating just how tough the UK economy is going to get, particularly for the consumer. They drifted down to 700-800p during Covid and that was an excellent long term entry point. After that, with a little patience, they will get back to 1300-1400 in due course. I am planning repeating that trick this time.
Dunelm won Best Retailer award over £500m at Retail Gazette Awards
In the last 5 years, yes a better return.
Not only that, big dividends as well. Over £3 on a £5.85 share price 5 years ago.
There can't be many shares that pay such a level of dividend and grow by so much.
Who would have thought Dunelm would produce such results and still expanding judging by today's RNS
Started: seen_it_done_it, 20 Jul 2023 07:33
Last post: diradoadelind15, 21 Sep 2023 13:50
Expecting 5% rise today as a consequence.
Yes SP up
....but is it good enough to push the SP back up?
Started: Nigel50, 20 Sep 2023 16:03
Last post: Taverham, 20 Sep 2023 20:53
Think the shares have been marked down in the end of season sale!
Is there a pattern of late of SP falls on results day and a climb the day after ? Time will tell
Started: CityWatcher, 4 Jul 2023 08:24
Last post: niklol, 5 Jul 2023 13:31
Mike
Thanks for your response
NikLol
Niklol,
You ask:-
"Please may I ask where one finds these brokers views so quickly?"
A quick way is just to press the "DNLM Share News" icon near the top of the page, and read the new media articles.
What you won't get from those, though, is the broker's / analyst's detailed analysis leading to their recommendation - you'd have to pay for that.
What needs to be borne in mind though, is the context of the current share price in relation to their "target price". If their recommendation was "Sell" with a target price of £10, and the current market price was only £6, I might give serious consideration to buying!
I hope that helps, and sorry if I'm just stating the obvious.
Mike.
Wish I understood.
Was this today?
Please may I ask where one finds these brokers views so quickly?
Thanks
RBC cuts Dunelm to 'underperform' ('sector perform') - price target 1,000 (1,300) pence
Started: seen_it_done_it, 28 Apr 2023 21:24
Last post: Fishcakes47, 30 Apr 2023 12:50
Looking at Stocko, it seems to be fairly priced at the moment.. Growth is steady and has slowed, and the move into furniture will provide new revenue streams in future. I’m confident that they will execute this conservatively to ensure no stranded inventory or loss in margins.
A well run company, with a circa 5% divvy (good history of specials) and potential to see a re-rating in the future.
Deutsche Bank says "buy". Target price is only 1313p. Current sp is already 1146, just 15% upside, what a joke!
Started: CityWatcher, 16 Feb 2023 12:44
Last post: volcano, 20 Apr 2023 08:42
20 April 2023
Dunelm Group plc
Third quarter trading update
Strong trading with expectations unchanged
Peel Hunt today has stated they see more upside than downside risk. Also that Dunelm's first half profit was stronger than expected & their medium-term growth prospects remain compelling. BUY with a target of £13-75.
Now I say also buy for their 15p dividend plus their special dividend of 40p too. Both are going ex div on 17th March.
Started: clogs, 16 Mar 2023 17:02
Last post: Nigel50, 14 Apr 2023 18:58
That was a decent day today.bis that dividends being reinvested or something else ? 2.34% up
Payment 11th April.
Started: CityWatcher, 24 Jan 2023 14:04
Last post: volcano, 15 Feb 2023 07:49
Reuters) - British homeware retailer Dunelm Group Plc (LON:DNLM) reported a lower half-year profit on Wednesday as inflationary pressures and a cost-of-living crisis in the UK hurt its margins.
Still, the company declared a special dividend of 40 pence per share after sales in the six-month period ended Dec. 31 rose 5%.
Households in Britain will likley tighten their belts this year as prices of everything continue to rise, leaving customers to shift in what they buy and where they buy from.
Dunelm, which runs more than 179 stores across the UK and a digital platform, still expects its full-year profit to beat market forecast of 176 million pounds ($213.07 million), but warned that the consumer outlook remains unpredictable.
"While forecasts remain unchanged given consumer uncertainty, we see more upside than downside risk," analysts at Peel Hunt said in a note.
Gross margin for the period was down by 170 basis points.
The company, which sells furnishings ranging from cushions and bedding to kitchen equipment, said profit before tax was down about 17% for the half year at 117.4 million pounds from year-ago levels.
Hopefully!
RNS and special divi should lift sp today and beyond imv.
'' Analysts at Berenberg raised their target price on retailer Dunelm from 1,130.0p to 1,240.0p on Tuesday, stating the group's numbers "increasingly well underpinned".
"We believe that Dunelm can continue to provide additional shareholder returns, underpinning a total dividend yield of 6.5%. While not our base-case forecast, we believe a special dividend could be declared as early as H1 results on 15 February," concluded Berenberg.''
Started: CityWatcher, 9 Jan 2023 09:47
Last post: Monkshood, 20 Jan 2023 07:19
'UK retail sales fell unexpectedly last month, capping the worst year on record after a cost-of-living squeeze and strikes rattled the industry.
The volume of goods purchased in shops and online dropped 1% in December after a decline of 0.5% the month before, the Office for National Statistics said Friday. Economists had expected a gain of 0.5%.'
This just highlights how good Dunelm are in growing their income with such a backdrop.
(Sharecast News) - Homewares retailer Dunelm said it expected annual profits to be above expectations as consumers sought value for money amid the cost of living crisis.
The company on Thursday said second-quarter sales were up 18% year on year, with customers flocking to buy items such as heated indoor airers to mitigate soaring energy costs.
Pre-tax profits are now forecast to be above a current company-compiled consensus average of analysts' expectations of £172m, with a range of £131m-186m.
"We saw growth both in stores and online, with digital sales making up 35% of total sales in the quarter, 2ppts higher than the same period last year. Digital sales growth was particularly strong in the late Autumn and run-up to Christmas," the company said.
11th Jan. there might be a trading update plus also it was 9th Feb. 2022 that a special dividend was declared (37p) that went ex div 24th Feb., so not too long to await. Could be advisable to purchase shares before their trading update. So plenty of buying happening today and tomorrow is my guess.
Started: clogs, 18 Jan 2023 17:44
Last post: clogs, 18 Jan 2023 17:44
Interesting that we have such a large rise today..up 39p.
Started: IP3LY, 9 Nov 2022 09:58
Last post: MikeM14, 9 Nov 2022 17:17
Hi IP3LY,
Yes, Dunelm is due to go ex-div tomorrow (10 Nov), with the dividend being 26p payable on 5 Dec 2022, as per their Final Results here:-
https://www.lse.co.uk/rns/DNLM/preliminary-results-jkkih96adf2gx3j.html
They say that the dividend is subject to approval at their AGM, which is due to take place on 30 Nov:-
https://www.lse.co.uk/rns/DNLM/annual-report-and-accounts-and-notice-of-agm-lrnepf20z3lfm4y.html
All the best,
Mike.
Hi, can someone tell me if it is Dunelm’s Ex-Divi tomorrow and know how much?
Cheers.
Started: nlondon1234, 20 Oct 2022 00:31
Last post: Monkshood, 7 Nov 2022 08:23
Invesco, like them and have been building a stake.
Just read the finals late admittedly and didn't realise this trading update was coming out.However there aren't many lse publicly listed retail companies who are turning such a good profit in such challenging circumstances.Admittledly, it's not plain sailing from here macro wise.However, there is little risk of needing more funding as long as the government & BoE get inflation under control in the next few years...If you have a good, trusted cash generating consumer brand & good management in a business, there's much less to potentially worry about at night.
Dunelm reported a dip in first quarter sales. For the 13 weeks to October 1, total sales for the furniture retailer came in at GBP357 million, down 8% from the previous year. This was "as expected, given the very strong comparative period, with Q1 last year benefiting from pent up demand and our rescheduled Summer Sale", it explained. Looking ahead, it noted a "challenging" macroeconomic environment, including recent volatility in exchange rate movements. However, Dunelm said it is "very well hedged" for the remainder of the year. It reiterated the annual guidance from last month.
If they can make such profits in these times.Wow.That's all i can say.My only worry I'm starting to worry if what they're doing is legal!
Started: EmeraldCarrots, 10 Oct 2022 11:24
Last post: volcano, 18 Oct 2022 17:25
Thursday 20 October
Dunelm Group PLC Trading Statement
Ahem! Well, it did. Up today 6%. Excellent. Long way to go though.......
.
Started: EmeraldCarrots, 10 Oct 2022 11:23
Last post: EmeraldCarrots, 10 Oct 2022 11:23
Started: EmeraldCarrots, 4 Oct 2022 22:43
Last post: EmeraldCarrots, 4 Oct 2022 22:43
as the sp has been moving up since 1st September. Massive and many director buys above the current sp level also. Then very good results. I mean what else can a Company do?? Seems to be they are well organised and efficient Company.
All IMHO.
Started: EmeraldCarrots, 27 Sep 2022 10:38
Last post: CityWatcher, 4 Oct 2022 11:17
Generous dividend policy too. Paying 26p going ex div. 11th Nov. with also the talk of a special dividend early 2023 if approved at their meeting.
looks like already started ,sp is over £8 now
Monkshood.
True they are generous to their own staff by giving them shares.
However if you look at the chart as from 1st September the share price has been generally moving up.
They decended from about £14 a share.
Their results on 14th September seemed very good :-
https://www.investegate.co.uk/dunelm-group-plc--dnlm-/rns/preliminary-results/202209140700103537Z/
I think the sp will improve even in this climate as they are clearly a well run profitable business.
All IMHO
The main trend seems to be the company buying shares back from the profits - which they then award to themselves.....
£8M is around 5% of next years profits. It cost £28M last year. which was 10% of the amount paid out to shareholders.
Given the halving of the share price over the past year perhaps the requirements for them being awarded the options should be a lot higher.
has been gradually going up since 1st September.........
Started: EmeraldCarrots, 29 Sep 2022 17:11
Last post: EmeraldCarrots, 29 Sep 2022 17:11
when the firking mini budget was delivered ($1.12) and it fell to $1.03. What a joke.
Hopefully the market will wake up and improve!
Started: EmeraldCarrots, 16 Sep 2022 09:54
Last post: EmeraldCarrots, 16 Sep 2022 16:09
Been out. Just back in and I see is up 2.3% now. Hopefully this last director buy will turn the tide. I see it seemed to turn on 1st September looking at the chart.
All IMHO.
1.1% up. I'll stop the running commentry now!
Just ticked up to 1% up.
Creeping up. Now 0.9% up.
Up just the 0.5% so far.
Started: EmeraldCarrots, 15 Sep 2022 16:53
Last post: EmeraldCarrots, 15 Sep 2022 16:53
I hope!
Started: EmeraldCarrots, 15 Sep 2022 11:54
Last post: EmeraldCarrots, 15 Sep 2022 12:10
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.
Started: EmeraldCarrots, 14 Sep 2022 17:22
Last post: Monkshood, 15 Sep 2022 09:14
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.
one might think they wil have a good day tomorrow, providing the FTSE100 does.