Dunelm Share Discussion Threads

[buffetteer] 17/7/2015 09:24

How long have been resident at Happy Valley Kendon ?

[redartbmud] 17/7/2015 07:58

Kendon

Are you a member of ISIS?

Serious question.

[buffetteer] 15/7/2015 09:53

The hiring of John Bowkett is an inspired move. He has an excellent CV in operations managemwnt and online - exactly where we need to improve. The stores are performing very well and with the tailwind of low raw material prices and higher disposable income the future does indeed look rosy. It will allow Will to concentrate on trading and store growth . With a real yield of 6-7% we are undervalued. With a good update next time we should see a decent bounce.

[redartbmud] 15/7/2015 08:18

Is that for the divi?

[kendonagasaki] 15/7/2015 08:05

7 pounds seems fair to me!

[mr_spock] 09/7/2015 13:22

Yes, a fairly muted response to the RNS today.
For the following reasons?
1. Total LFL is +5.8% for 13 weeks to June 27th, and +5.8% for 52 weeks to June 27th...so no immediate evidence that pensioners are running down to the Stores
to splash out from their newly released pension pots (expectation of this helped the share price I think)
2. Some investors are expecting Greece to leave the Euro and are waiting until next week when they may be able to pick up shares 5%+ cheaper
3. Interesting appointments to the board, but looks like there will be a cost.
26th June RNS states that "The board has agreed remuneration terms, broadly in line with current arrangements, for new directors. However, in the next few
weeks we will be consulting shareholders over proposed changes to performance related pay and seeking approval for a new remuneration policy at our AGM later this year"
4. Still not clear what the Home Delivery service is going to do to margin

[buffetteer] 09/7/2015 08:44

Sales growing v strongly which is excellent but haven't turned it into profit. The hangover of furniture from Xmas has clearly cost them dear and online needs to be made profitable as it's becoming a large part of sales 6%.
Suspect Bowkett is the man to sort these areas as it's his speciality.oneards and upwards with the odd bump in the road.

[kendonagasaki] 09/7/2015 08:13

Store LFL's slowing down.

[salpara111] 09/7/2015 08:11

Genuinely surprised by the muted response to what was a strong trading statement.
Top line up and LFL up.
I am definitely holding for a return to over £10

[kendonagasaki] 05/7/2015 06:25

Looks like the 9th July will show down a slowing of sales and show its over expanding in the wrong locations!They may have a chance now that, that clown Adderly has stepped down as CEO.... A job I've always said was totally out of his depth!

[buffetteer] 26/6/2015 09:06

Agreed
There has been an enormous increase in costs past three years which has curtailed profit growth. Hoping they get on top of excess costs of online and furniture so the earnings growth will be more in line with sales increases. The stores are very profitable but not online .they should be raking it in now with lower oil prices and falls in all their supplier prices . Recovering incomes has led to a perfect scenario .it doesn't get any better .

[thelongandtheshortandthetall] 26/6/2015 08:23

And the new guys must remain cost conscious. It's all about the margins for me.
They must not spend spend spend just to grow sales and inflate their own egos etc.

Just speed up the shop openings a little imo.

GLA

[buffetteer] 26/6/2015 08:18

When I first read the statement I was concerned that's there's a game of musical chairs. However, having thought about it I like the fact that they have brought in someone who specialised in online and operations - key areas for improvement within DUNELM and a digital entrepreneur who can help them develop this space. Overall a good move so long as they don't loose the sales momentum pact from Will...

[thelongandtheshortandthetall] 26/6/2015 07:57

From todays RNS

'We have laid out a clear medium term ambition to grow sales by 50% to £1.5 billion, and to develop the best multi-channel homewares business in the UK'

That'll do me. slowly but surely.

[thelongandtheshortandthetall] 22/5/2015 07:11

Looks like Andy Harrison is leaving Whitbresd. Hopefully it'll mean he has more time to spend with Dunelms.

Onward and upward.

[rathlindri] 19/5/2015 12:01

new 12 month high today

[buffetteer] 19/5/2015 10:29

Will is aiming to increase sales by 50% in the medium term - you would be a fool to bet against him ....and I don't think medium term means more than 3 years .
Also i think Andy Harrison will be invaluable to Will on promoting the brand and therefore store Lfl growth.
So lots to go for !!!
Ps my biggest holding that keeps paying special divis as well as rising divis.
Safest place for your pension- buy on weakness.

[rathlindri] 19/5/2015 09:54

Happy to remain a holder here

[salpara111] 16/5/2015 17:05

Taking a profit is always a good thing!
I was holding PIC when the recent takeover announcement came.
I immediately sold within 15 minutes of the market opening at 460p despite the fact that the theoretical value of the t/o offer was around 500p (it is cash and shares hence the variability) a few weeks later and the share price is stuck below 420!
A profit is not a profit until the sell trade is executed.
The main reason why I am keeping my DNLM is that I am only a relatively recent investor and I currently have about 18% of my portfolio in cash because I have not been able to identify attractive investments and I don't really want to add to the current cash pile!

[philo124] 15/5/2015 21:32

Fair enough.

[salpara111] 15/5/2015 16:56

I set a sell limit order at the beginning of the week for 952p and just missed having it executed today but given the relative strength I am inclined to hold and see if it can push back to the £10 line.

[thelongandtheshortandthetall] 13/5/2015 22:43

new store opening. larger premises than usual i think. Dedicated area for furniture.

cheers