Dunelm Share Discussion Threads

[kendonagasaki] 31/8/2017 01:08

" Every time will takes control.........?"Priceless!!!!

[wetdream] 30/8/2017 16:26

The RNS says that 'results will be in line with the trading update'-so there'd better not be any adverse surprises.
Having no replacement ready suggests a row with the family and a walkout.

[impvesta] 30/8/2017 11:47

The market seems to have taken the negative view at the moment. It's a good "churner outer" of dividends while we're waiting for the share price to recover anyway.

[buffetteer] 30/8/2017 11:37

Well sales are good ,LFLs are up ,poor weather helps <& Will is taking back control .Every time he's done that profits go up .so lets hope you're wrong Toffee. Id lose that short if i were you .

[toffeeman] 30/8/2017 10:12

He has overseen a drop in market value of one third so I am pretty sure he has been shown the door.

He has quite a strong record of not doing very well in recent leadership roles.

Will Adderley might be good at shifting stuff from stores but the company needs a much bigger investment into on-line which means lower margins.

So I am not optimistic.

[buffetteer] 30/8/2017 07:57

Now that Will is effectively back in charge profits will start to rise - he seems to know how to maximise sales where others struggle .

[cwa1] 30/8/2017 07:55

All sounds a trifle odd and hasty to me.

[impvesta] 30/8/2017 07:32

Maybe pushed rather than jumped?

[cwa1] 30/8/2017 07:30

Hmmmmmmm:-

irectorate Change

Dunelm Group plc ("Dunelm" or "the Group"), the UK's leading homewares retailer, announces that John Browett will be stepping down as Chief Executive for personal reasons, with immediate effect. Dunelm has made good progress over the last two years during John's tenure, however the next phase of growth requires different leadership.

Andy Harrison, Chairman, said:

"I would like to thank John for his contribution to the business and the strategic progress made under his leadership, most notably the exciting acquisition of Worldstores.

"We will immediately start a search for John's replacement and, in the meantime, I will provide interim executive leadership, supported by Will Adderley, our Deputy Chairman, and Keith Down, our CFO.

"Dunelm remains the market leader in homewares and we have ambitious and profitable growth plans to continue building the UK's biggest and best multi-channel homewares retailer. We have a strong executive team in place to make this happen, and the Board remains confident in the Group's future prospects."

John Browett said:

"I am pleased to have led the development of Dunelm over the last few years and feel that we have achieved much in a challenging retail environment. It is, however, time to move onto a new challenge, and I am looking forward to the next chapter of my career."

The Group will announce results for the financial year ended 1(st) July 2017 on 13(th) September, which will be in line with the trading update issued on 7(th) July. Trading in the first two months of the new financial year has started positively, with an encouraging like-for-like sales performance.

[waspfactory] 14/8/2017 09:55

next attempt at breaking 650p :)

[toffeeman] 23/7/2017 08:58

or plummeting?

[kendonagasaki] 18/7/2017 10:47

Gonna need more rhan than that to stop the rot here?

[cwa1] 18/7/2017 08:26

A couple more small director buys have been announced:-

[kendonagasaki] 13/7/2017 11:48

Forced to buy to keep up the sp?Well it's not going to work....not on your nelly.

[toffeeman] 13/7/2017 08:17

At a 5 year low he kinda had to - £50k is jack sh1t in the context of total remuneration.

[opodio] 13/7/2017 08:09

director piling in

[cwa1] 13/7/2017 07:44

Show of confidence byt the CEO:-

Dunelm Group plc (the "Company") has been notified of the following dealing by its Chief Executive John Browett in its ordinary shares of 1p each:


Name of Director Date of No of shares Price per
/ person closely purchase share
associated
------------------- ----------- ------------- ----------
John Browett, 12 July
Chief Executive 2017 9,098 546.5p
------------------- ----------- ------------- ----------

[kendonagasaki] 12/7/2017 20:18

Property market is heading for a massive crash!Going to hurt them here?

[toffeeman] 12/7/2017 16:25

Looks pretty bleak if 500 goes then it looks like 400.

Old JB does it again - kiss of death it seems

[dr_smith] 12/7/2017 14:26

I hope you are right Woodsman though would expect payment of overdue debt to be stated as such.

[woodsman2004] 12/7/2017 13:00

I just read it in simple commercial terms - that Worldstores had a lot of overdue invoices from major suppliers with no doubt some of them threatening to put them on "stop". eg. gone to 90 days when agreed terms were 60 days etc. All it seems Dunelm has done is to promptly settle overdue payments to restore supply and good faith - and at the same time it emphasises that there is a big group running the show now and they can expect payment to whatever commercial terms are agreed going forward.

[dr_smith] 12/7/2017 10:42

Thank-you Woodsman.
If I understand you right, you reckon money has gone to debt reduction where credit period was above the norm. Yes I agree, sensible.
My reading of "welcome payment" is a sweetener aside from debt reduction. If that is the case I would question as to whether such a "give away" has commercial benefit when that same money could be treated as prepayment for future deliveries.

If suppliers were apprehensive about deliveries being paid for, then a g'tee from DNLM could appease at zero cost to the group.

Suppliers have a chance to grow their sales through Worldstores/DNLM so should be embracing DNLM as the new parent, lifting credit concerns, w/o welcome payments.

I guess key question for me is "Is welcome payment a debt reduction or sweetener for suppliers."