Dunelm Share Price (DNLM)

I thought it was OK- will be interesting to see how it is viewed by the market. Significantly, net debt was reduced by £5M (to 35M) from the early April update which is pretty good going under the circumstances. Some increases in expenditure on social distancing measures and technology costs going forward.
It will be interesting to see to what extent the a strong bounce back in June (+20% YoY) is maintained going forward. The companies mix of online and large spacious shops should be a good combination with covid still casting a shadow over retail.

This should be a fascinating update. They have a good online presence now (which I tried and it worked well) and the shops were open earlier than many. The car park by our local one has been reasonably busy since the store reopened. People seem to be doing up their houses during the lockdown which should have been good for them. I am sure they will have taken a hit to revenues but how much of this has been able to be offset by the furlough payments etc will be interesting to see.

Southstreet the financial update issued on the 11tg of April would seem to disagree, quote:
“As at 11 April 2020, net debt was approximately £40m.”

Hi Agent. Sorry, haven’t been checking in here so could not respond. I was surprised at the price achieved over the last couple of days....it felt pretty high considering climate, even though i like the business. I was a buyer in the 6s but would not be in the 9s. ...the risk reward doesn’t do it for me at that level. Happy to be wrong, just my opinion.

Net Debt £379 MIo