Dunelm Share Price (DNLM)

PIWORLD interview with Paul Jourdan, Amati Global Investors mentions Dunelm (DNLM) at 6m35s see here:

Video: https://www.piworld.co.uk/education-videos/piworld-interview-with-paul-jourdan-markets-macro-opportunities/
Podcast: https://www.podbean.com/ew/pb-rfuq2-1097a74

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.