Dunelm Share Discussion Threads

[buffetteer] 18/2/2016 14:02

Depends what you're strategy is.
If you a trader sell.
If you are an investor who wants to compound @10% returns per annum hold.

[rathlindri] 18/2/2016 12:30

Strong recovery, tempting to take profits but tempting to wait for dividends coming soon also, decisions, decisions. What are others doing??

[redartbmud] 12/2/2016 06:38

A word of caution?

Homeware retailer Dunelm (DNLM) has had a good first half but new projects to drive revenue are unquantified.

Deutsche Bank analyst Charles Muir-Sands retained his ‘hold’ recommendation and target price of 885p on the shares, which fell 1.6% to 920p yesterday.

‘H1 profit before tax of £75.5 million was 2% ahead of our expectations while commentary on Q3 to-date trading was also upbeat,’ he said.

‘The new management team presented eight new projects to continue to drive towards the company’s 50% revenue growth “mid-term̶1; target – all intuitively sensible though most will not be near-term earnings drivers and the benefits of none have been quantified.

‘The good free cashflow generation and 31.5p/ share capital return is a pleasant surprise and our full year forecasts increase 2%. [Thursday’s] share price move does seem a little over-reaction though, even in the context of weak year-to-date performance. Trading on 17.5x price/earnings, close to our revised 885p we maintain our “hold” rating.’

[kendonagasaki] 11/2/2016 12:14

One battle won will not win the war.

[rathlindri] 10/2/2016 22:39

"Kendonagasaki 20 Jan'16 - 20:16 - 711 of 716 1 0

Toffee Man my thoughts exactly.

We will see £7 very soon."



Great piece of analysis there....

[rathlindri] 10/2/2016 22:31

It's all good....

[salpara111] 10/2/2016 09:00

Glad I took my stake back at 825.
I can see this running back to the 950 mark pretty quickly.

[mike24] 10/2/2016 08:56

justified rise but

these car park charges in front of their
stores, up to £100 penalty fees by UKCP for minor offence
are outrageous, need sorting ASAP

[buffetteer] 10/2/2016 07:57

Kendon
It's always a nightmare when you short a great company that consistently grows sales , profits and earnings while retaining high levels of returns on capital .
Best focus on a looser rather than a winner imho !

[shauney2] 10/2/2016 07:37

They seem to be very firm results on the face of it.Although like for like sales flattered by eight more days of promotional sales compared to last year.

Confident enough to pay another special on top of the normal dividend.

[kendonagasaki] 20/1/2016 20:16

Toffee Man my thoughts exactly.We will see £7 very soon.This is a global recession within our midsts and it's going to be 1927 all over again.But of course that is my knowledgable opinion.

[toffeeman] 20/1/2016 17:11

Not convinced by the market to buy anything and 800ish is key support here. If that goes it could see 750 or 700 - now that would be a good buying opportunity.

[buffetteer] 20/1/2016 16:18

A good buying opportunity.
Now the cold weather has set in we will see a serious spike in sales just as we have before for those who've been here for years. I suspect profitability has been good in spite of the weak lfls. There probably won't be the stock overhang of furniture chaos of last Xmas that I believe cost them over £3m alone.
Oh and they are growing quite strongly still just in case that got lost in the shorting baloney.
A safe harbour in these troubled waters

[kendonagasaki] 20/1/2016 15:49

Accept its hitting £7 pounds!

[mrchriss] 19/1/2016 12:46

Accept, not "except"

[kendonagasaki] 18/1/2016 21:04

Hello all.Any suckers out there?Well Dunelm seem to think you are!It is reasonable that you stupid share holders should except this unreasonable performance!It's reasonable due to the unreasonable weather!?But they have had a reasonably strong sale?Yes selling all that unreasonable over priced stock at unreasonably low prices!Don't worry though they expect a reasonable trading season in the next six months.That's if the weather is reasonable no doubt!???This is a company that is going to feel the pain of half hearted expansion over the last 5 years.They just do not have the acumen or the vision to turn around this ship that has been sailing in its square world for far too long!Watch this fall off the edge of Dunelm world.All IMO of course but ........just keep watching.

[kendonagasaki] 18/1/2016 19:45

£7 will be charting very soon.Pressure continues to build to the downside.Not a buy on Kendo's list!

[salpara111] 13/1/2016 13:22

Interesting, as I posted before I sold out at £10 but have kept an eye on them and felt that the results were pretty solid but clearly the market does not agree.
If it revisits the 825 area I would probably be tempted to take a stake again.

[eggbaconandbubble] 13/1/2016 07:32

Trading update. Figures given don't appear to show any comparisons with last year. I much get the impression they are trying to put a positive spin on some very dull numbers.
I think Kendo is right.

[toffeeman] 11/1/2016 15:39

Presumably moving down on possibility of DNLM taking Homebase off whoever buys HOME

[kendonagasaki] 06/1/2016 12:17

Lower footfall this year will lead to lower profits IMO.This has so much more to fall.

[strollingmolby] 05/1/2016 13:30

Nice spike on the news of an offer for HOME by Sainsburys...

[kendonagasaki] 02/1/2016 21:30

The results are going to hurt IMO.Xmas was never going to be spectacular?Many retailers are going to facing the reality of a slowing consumer demand and a retraction in further spending in 2016.The economy is in a decline, GDP is going to stagnate and DNLM would be wiser to read the market rather than to forge its own agenda in this current status quo?We will see £7 before we see £10.In my honest opinion of course!

[redartbmud] 16/12/2015 16:07

I don't know why I am bothering to reply, but FWIW:
Special dividend 25p.

Easy to find if you look.