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Dunelm Share Discussion Threads
Showing 901 to 924 of 925 messages
|Deutsche Bank price target of 730p on DNLM|
|v well put|
|All I would say is look at their record from the last 10 years -get their accounts out .You will see a textbook lesson in a retail rollout 'par excellence'. They have not only survived the worst recession since the great depression but benefitted from it by remaining highly competitive ,having the best and broadest offer by far ,having lower costs thus higher profit margins and indeed making a return of 40% + per annum .They are positioning themselves for further growth by investing in the distribution for online ,better store formats ,more stores ,and more categories (world stores ). You don't become billionaires by being 'me too'. One year of heavy investment and tough lfls does make a poor retailer not I fear . We saw this before in 2005/6 when they had negative lols and they bounced back v strongly .Watch this space !|
|One swallow does not make a summer, this retail rally is principally because Easter was late, and the whole sector has risen, and it will not last, the consumer is well tapped out, credit conditions are tightening, consumer is far more in debt now than any time since 2006! Omens are not good, only thing that will save them is if rates do not rise any time soon, and it looks like the US consumer is starting to feel the pinch, with rates this low and the consumers struggling that does not bode well, in fact a catastrophe may be round the next corner, sounds like a story we have heard before, but every tail has a sting!|
|Added here. Sector turning, directors bought c.£100k worth at 627p avg.|
|Dividends are one thing, the sp's another.
The BoD should have a word with analysts at Jefferies who've lowered their share price forecast to £5.15.|
What the sages of the Times fail to realise is that DUNELM has a lower cost base than its competitors. This enables them to be more profitable with similar prices . They are therefore somewhat insulated in this front. Also, they had v warm weather last winter as well as the other flagged cost overruns etc.
If you look st the historical payouts youvwill notice that they have laid out alarmist all their profits in dividends and specials over the past five years.
I know this to be true since I've received them. Looking forward it's not hard to imagine that next year will be much better since prices will be 5% higher, no more warehouse excess costs (£3m), profitability rather than large losses from Worldstores, lower costs of online delirvery this boosting poor profitability, store growth within the M25 andlastly soft comparisons on lfl with this financial year. All in all reasons to be invested imho !|
|550 is on the horizon here!|
|Thanks for that Toffeeman, food for thought.|
|Tempus today (13/4/2017)
It is not often that a retailer, or any other business for that matter, describes its chosen market as being “in decline”. Dunelm, though, says this is the case for homewares — the linen, kitchen goods and other products it sells through its relatively low-cost stores.
The company is growing and gaining market share because it is relatively under-exposed to the southeast and can open new stores there. The third-quarter trading update, though, shows like-for-like sales off by 2.2 per cent.
About two thirds of this should be clawed back in the fourth quarter as the late Easter break arrives and the online business is growing strongly, up by 21 per cent. Dunelm also has the advantage of having snapped up Worldstores, the struggling retailer that owns the Kiddicare brand, last autumn for a small amount. A new warehouse has just opened.
Nonetheless, it accepts that the market remains “volatile̶1;, and yesterday’s figures on wage increases only emphasise the pending squeeze on consumer spending.
The shares have been weak since the start of the year and, off another 20p at 602½p, sell on 14 times earnings. Best avoided for now.
My advice Avoid
Why Consumer spending on non-essentials looks set to fall|
|OK, FWIW, I've just had a very few at 579ish-probably way too early-to see where this takes us medium term. Not exactly a large conviction buy I'll concede but just enough to keep an interest|
|They were not "terrible" but interesting to a non holder.
In the 13 weeks to April 1st, Worldstores comprised just over 10% of all DNLM sales (£23.9m). Worldstores was acquired for £8.5m.
Seems to be a good fit.
Seems they misjudged the market and are building stores they are obligated to but really the way to go is online.|
|12 Apr Dunelm Group PLC Cantor Fitzgerald Buy 630.00 850.00 850.00 Reiterates|
|Nothing to get excited about for sure che7win but probably about what I expected to be honest, possibly slightly better. Care to share why they are "terrible"? Genuine question. Cheers.|
|Terrible results, I remain of the opinion that 500p is realistic.|
|Needs to hold above 6.10 for month closeor it looks very choppy imo.Somebody said it here....Big Box retailers are the past and you only need to look at the death bellls that are sounding in the American malls and big box retailers out there, its murder!Dunelm will have some tough decisions to make around opening more stores as more and more people continue to shop online in the future.Next are already feeling the pain and so will Dunelm in the near future,|
|Toffee.....your £5 may beckon yet.Failed all momentum points and is dropping lower each time.Interesting....?|
|This co. Sells a load of dross, albeit cheap but getting cheaper, Amazon is changing the face of US retailing, it'll be here soon, and then toast for many big box retailers selling sundries!|
|Well, I hope my local Dunelm store isn't representative. Too many gaps on shelves, uninspiring merchandise, items not priced, glaring stock omissions, café almost deserted,footfall seemed reduced generally. Needs some fresh inspiration.|
|Thinking the same !|
|It's all gone quiet on this board The Divi looks good still top management team And there must be a bottom a six pound good yield Any one else|
|Good update in SCSW.
All the best|
|If anyone is interested, I have written a short follow-up to my post a few weeks ago:
I am currently a holder and will continue to be for the foreseeable future.|