Dunelm Share Discussion Threads

[salpara111] 10/9/2015 20:30

A little disappointed by the market reaction.
Solid figures and more growth can be delivered.
I guess if they go for another cash return then the share price can rise to the £10 area.

[ayl30] 10/9/2015 18:42

For info
hXXp://internetretailing.net/2015/09/dunelm-says-orders-made-online-for-home-delivery-now-account-for-6-1-of-sales/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+internetretailingnet+%28InternetRetailing.net+-+news%2C+analysis+and+insight%29#

[buffetteer] 09/9/2015 10:24

Trying to predict market corrections is a fools game.how anyone thinks they can predict the actions of governments markets and individuals is deluding themselves. Far better to buy great companies that make high returns and are growing ..... Rather like DUNELM !
Most analysts now targeting high £9 to over £10. Personally I think they will move higher as sales growth continues and costs get back in control. Most of the costs of getting into furniture and online have been borne and with low input costs and higher disposable income There should be good upside now .
Better against DUNELM has been and will continue to be plain wrong

[mrchriss] 09/9/2015 09:37

Thanks, Meg

[kendonagasaki] 08/9/2015 20:04

Charlie Munger never saw the cycles of economic destruction that arrive as regular as one of Mussolini'strains.DNLM is going to be at least 25% cheaper in a couple of months time than it is today.People should never fall in love with a dream but even more fall in love with a share?????Danger awaits and I advise caution in this current economic climate and market correction that's about to enfold in mid October.

[toffeeman] 28/8/2015 12:20

Stop in place

[buffetteer] 26/8/2015 09:21

I have made 6x my investment so far and experience eft to make 25% per annum going forward . The reason is that ad ok makes v high returns on capital - over 30% from memory. As Charlie Munger States companies tend to return to shareholders a similar amount to their return on capital over the long term. I agree that the price for rhenium has eroded due to Poor - ish profit growth recently. However, for all the reasons we've mentioned the medium term picture should be v rosy as the price will r cleft that at some point. I suspect that will be when earnings surprise on the upside . Shareholders received £185m last year - almost 10% yield so I exp ct similar amounts next year too.

[salpara111] 26/8/2015 08:59

I guess there are a several reasons why I see value here.
1. They have stated that they can grow the business by about 30% over the next 3 years.
2. They are still delivering LFL growth despite becoming a mature business.
3. They have yet to exploit online fully, we have already seen some sanity enter this market with John Lewis/Waitrose now charging for small orders, the margins on furniture are very generous so there is still the ability to offer free delivery on large items and make decent margins.
4. The pound has strengthened over the last year, particularly against emerging market currencies which is where a lot of their product is sourced from which allows better margins without having to raise prices.
5. The housing market is doing very well
6. Consumers have more disposable income particularly as oil prices fall.
The share price has been stuck in a flat trading range for the last 2 years and as such has worked off most of its ambitious metrics.
I don't expect to make extravagant returns but do feel that this is a good business that will offer moderate returns going forward.
I am ahea

[buffetteer] 26/8/2015 06:13

Thx for that. Yes it's a worry because online here is growing strongly and I believe looses money whereas the shops make 15% . Trouble is your fighting a huge tide of online in a race to the bottom. However there is much that they can do better - the online furniture last Xmas was a disaster with no ability to unload and ended up in clearance thus the big write offs this year. I guess Will is hoping the new man will sort it out for this Xnas.on a general note sales who Le be booming - consumer confidence is growing , fuel costs are falling and the housing market helps homewares. Lots of reasons to be cheerful.

[redartbmud] 25/8/2015 19:33

Friend of mine has Ocado free on-line delivery for a year as lomg as £40 per delivery is spent. Crackers!

[toffeeman] 25/8/2015 17:42

Built the biggest loss-making on-line business in the world!

IMO one of the biggest retail mistakes has been grocery delivery - the economics just don't work.

£100 order with a margin of 5% = £5.

work out the cost of running a man with a refrigerated van - salary, diesel, depreciation (which can manage 30 deliveries a day) and add the labour costs of order picking. Subtract the delivery charge and you get more than the margin on the shop.

So I hope he's learned his lesson and goes for click and collect (although for that to work you have to get the back office systems fine tuned) or charges a break-even delivery price overall.

[buffetteer] 25/8/2015 17:11

Toffee
As a long term supporter of Dnlm I'm intrigued to know a little more about our new leader.
What did he do wrong at Tsco ?

[toffeeman] 25/8/2015 16:15

I finally took the plunge yesterday and bought some at 8.25 and the bounce today was more than I could have hoped for.

When things settle a bit I hope to place a stop at around 875 and if all goes well keep moving it up!

I think that this is an opportunity which should be OK although I am not a Browett fan: he has all the right credentials but did not succeed at Tesco or Apple. Hopefully he can get this right (and it's not hard) and has learned from his mistakes - especially at Tesco.com!!!

[crbema] 14/8/2015 09:18

Home Improvement Retailers sector report
13 Aug 2015

Dunelm’s home comforts
Our star pick is high-quality UK homewares leader Dunelm (DNLM), where a pull-back to 896p from May’s 965.5p peak presents a buying opportunity. The purveyor of value-for-money cushions, curtains, crockery and furniture has a formidable record of bumper cash returns via ordinary and special dividends. With 148 superstores at last count, there is still scope for growth towards a medium-term target of 200 stores, as Dunelm expands out from its Midlands heartlands and takes share in an unconsolidated homewares market.

This is a prime time for newcomers to buy into the story; a year-end update flagged 5.8% like-for-like sales growth in the fourth quarter, while a new incoming management team will drive the next phase of growth. Respected retailer John Browett takes over as CEO in January; the former Dixons Retail, Monsoon and Tesco.com boss whose CV includes a short stint at Apple has been drafted in to further Dunelm’s digital push. He’ll be joined by Keith Down, who has held CFO roles at Tesco UK, JD Wetherspoon and Go-Ahead, who joins as numbers man in December. By coincidence, the pair worked together at Tesco when the grocer was in its pomp.

Jefferies has a ‘buy’ rating and £10.25 price target for Dunelm suggesting 14.4% upside potential. For the year to June just-ended, it forecasts pre-tax profit of £122.6 million (2014: £117 million) rising to £130.8 million by June 2016. It forecasts earnings per share of 47.4p for June 2015 and 50.6p for the current financial year, rising to 58.5p by June 2017

utm_source=Silverpop&utm_medium=email&utm_campaign=E00SM_NEW%20Shares%20Magazine_NEW%20STYLE_184%20(1)&utm_content=shares%20mag&theSource=E00SM&Override=1&sp_mid=49315190&sp_rid=Y3JiZW1hQGdtYWlsLmNvbQS2

[rathlindri] 07/8/2015 23:57

Kendonagasaki 26 Jul'15 - 06:49 - 653 of 655 0 0 (Filtered)

Kendonagasaki 7 Aug'15 - 21:36 - 654 of 655 0 0 (Filtered)

Kendonagasaki 7 Aug'15 - 21:38 - 655 of 655 0 0 (Filtered)

[rathlindri] 07/8/2015 23:55

Kendonagasaki 26 Jul'15 - 06:49 - 653 of 655 0 0 (Filtered)

Kendonagasaki 7 Aug'15 - 21:36 - 654 of 655 0 0 (Filtered)

Kendonagasaki 7 Aug'15 - 21:38 - 655 of 655 0 0 (Filtered)

[kendonagasaki] 07/8/2015 21:38

Redartbmud!Have you filtered the truth and common sense?Pity on you!.....pity on you!

[kendonagasaki] 07/8/2015 21:36

Not looking good here.The charts see a movement in a downward trajectory.With Lidl, Aldi and the likes expanding their footprint and with bigger stores planned as they begin to chase this homewares market.Dunelm will struggle to fight back as it is so over priced and has lost its value message.£7 will be just the start.

[kendonagasaki] 26/7/2015 06:49

£7 is coming!

[redartbmud] 20/7/2015 22:34

Guess who is filtered.

[kendonagasaki] 20/7/2015 22:23

Filter away my children.The truth reaches even the blind!?Thy shalt be reached!

[rathlindri] 20/7/2015 10:16

Kendonagasaki 20 Jul'15 - 06:37 - 647 of 649 0 0 (Filtered

[zeppo] 20/7/2015 10:01

Kendonagasaki
20 Jul'15 - 06:35 - 646 of 648 0 0 (Filtered)



Kendonagasaki
20 Jul'15 - 06:37 - 647 of 648 0 0 (Filtered)

Already filtered!


z

[redartbmud] 20/7/2015 08:54

Kendon

Perhaps your extremely negative views on the company do not sit well with us as serious investors.
We have heard and dismissed your opinion. Now might be the time for you to retreat elsewhere.
The next option will be the filter button, then you will be posting to nobody.

regards

red

[kendonagasaki] 20/7/2015 06:37

Buffetteer. Quite some while now, but if I behave they let me have access to the Internet.