Dunelm Share Discussion Threads

[bartyb] 04/8/2021 08:07

They are really busy and have been all along.I have this on good authority.

[tomps2] 23/7/2021 09:45

PIWORLD interview with Paul Jourdan, Amati Global Investors mentions Dunelm (DNLM) at 6m35s see here:

Video:
Podcast:

[chessman2] 19/7/2021 07:23

I’ve seen the share price fall so have made a purchase as I believe any buy under £13 is very good value.

The Telegraph was perhaps a little early with their recent buy recommendation nonetheless IMO and given time DNLM will return to the recent heady heights.

There is also good dividend income to look forward to.

[tole] 17/7/2021 04:57

https://citywire.co.uk/funds-insider/news/the-expert-view-dunelm-kainos-burberry-barratt-and-provident-financial/a1530905Peel Hunt: Dunelm is 'dividend ready'After a strong pandemic performance, homeware retailer Dunelm (DNLM) looks set out to pay out bumper dividends, says broker Peel Hunt.Analyst John Stevenson reiterated his 'buy' recommendation and target price of £17.50 on the stock, which closed down 6.3%, or 90p, at £13.49 on Wednesday after a quarterly update that showed revenues up 43.9% against 2019. Profit for the full year is expected to be £158m, or £9m ahead of Stevenson's previous forecast.The analyst said the cash balance of £129m is also ahead of expectations and 'management is committed to a return to published capital policies'.'Historically, this would mean gearing up to...and paying out surplus cash as a special. In reality, we would expect some caution given uncertainty as to whether any Covid-19 restrictions might return over winter,' he said. However, by the company's 2022 financial year, Stevenson expects the retailer to hold cash of over £350m, and has 'pencilled in combined financial year 2021 and 2022 dividend payments of £270m' by September 2022. Dunelm could end up paying out even more 'given the current strength of the balance sheet', he added.

[alphabeta4] 15/7/2021 14:23

Agree with the tough comps comment but would add that Q4 sales came in at £380m vs a £1393m av analyst forecast for FY22 so this is kind of baked in plus if my calcs are correct then there would still have been a £20m dent from store reopening not being until 12/4 meaning the 'true' starting point for sales is £400m a quarter. I don't see a rush back to the office anytime soon so should certainly do well for now IMHO giving a good start to the year.

[pyemckay] 15/7/2021 11:08

slower growth mentioned by several retailers could be pressuring weak holders. The pent up demand has disappeared in my humble opinion. Its now down to the proper growth of retailers now.

Dunelm is very well placed compared to other retailers and has most possibly been harshly treated recently. As investors we can profit from this.

[big_cat] 15/7/2021 10:19

All good news but shares down 9% over 2 days? Can someone throw light on the share reaction?

[johnwise] 14/7/2021 11:48

The homewares retailer said total sales in the 13 weeks to 26 June were up 101.7% year-on-year to £380.1mln.
Digital sales represented 46% of total sales during the year, up 19 percentage points on the previous year and 26 percentage points on two years ago.

For the full year, the gross margin improved by 1.3 percentage points (130 basis points), reflecting the timing of its summer sale and a lower level of discounting throughout the year.

Full-year pre-tax profit is expected to be in the region of £158mln; the consensus forecast prior to today’s announcement was for profit of £150mln.

[johnwise] 13/7/2021 07:49

UK retail sales post strongest quarter on record

UK retail sales posted their best quarter on record as the lifting of Covid restrictions and Euro 2020 triggered a burst in consumer spending, according to new figures released today.

Figures from the British Retail Consortium and KPMG show retail sales surged 10.4 per cent in the second quarter of this year compared to the same period in 2019, before the onset of Covid.

[hawaly] 12/7/2021 07:01

Positive write up in Telegraph yesterday

😎

GLA

[bartyb] 05/7/2021 09:01

The container ship that was held in the Suez Canal has been released.The ship has hundreds of Dunelm containers on board which will release a load of stock.Trade is really busy.

[bigbaggy] 01/7/2021 09:01

SP looks like its back on its legs and heading back to 1550p. They have produced some terrific results so I am expecting new highs in due course. Great business.

[johnwise] 30/6/2021 08:02

City AM

Confidence among businesses in London has reached its highest level for almost three years, according to new research published today.

Lloyds Bank Commercial Banking’s latest Business Barometer shows business confidence in the capital rose 17 points to 41 per cent in June 2021 – the highest level since September 2018.

[johnwise] 24/6/2021 08:43

.
Confidence among UK business leaders highest since Brexit vote

UK bosses’ confidence in the economy was buoyed by vaccine optimism to its highest level since just after the Brexit referendum, a new survey has shown.

The confidence tracker from the Institute of Directors (IoD), a body for business leaders, has been in positive territory for around 12 months. A positive score means more company directors are optimistic about the economy than are pessimistic.

[tole] 23/6/2021 17:09

https://citywire.co.uk/funds-insider/news/the-expert-view-dunelm-aston-martin-grafton-marstons-and-caretech/a1522303Dunelm: more than a lockdown winnerDunelm (DNLM) is being viewed as a lockdown winner but Schroder UK Mid Cap (SCP) manager Jean Roche believes there is more to the homeware retailer.Dunelm was the biggest holding in Roche's £266m investment trust at the end of May, making up 4.2% of the portfolio. According to trust's half-year report, Dunelm was a detractor from performance in the six months to the end of March.In the results, Roche said the group is 'viewed by the market...rather one-dimensionally, as a lockdown winner'.'A management share sale during the period added to the pressure, as did a period of pandemic-related store closures, which resulted in weaker-than-expected sales in the January-to-March 2021 period,' she said.'However, the company has since reported that since stores have reopened, sales are +59% compared with 2019 – as one year ago stores were closed therefore making comparison less relevant – and that it is winning market share, proof that the combination of stores and a strong online offer is key in the new retail battleground.'Shares in Dunelm closed flat at £13.76 on Tuesday. The shares are up nearly 6% since the end of March.

[johnwise] 11/6/2021 07:23

Bounce back Britain: UK economy grew by 2.3% in April in highest monthly rise since last July after shoppers hit High Streets and pubs reopened as Covid restrictions eased

[johnwise] 08/6/2021 07:25

UK retailers report strong May sales as lockdowns end


British retailers reported a big boost in sales in May, after lockdown measures ended the month before and a relaxation of Covid restrictions on hospitality drew more shoppers into town centres, industry data shows.

This was the biggest increase in sales compared with 2019 for any month since the start of the pandemic.

"The rain in May failed to dampen consumer demand and shoppers continued to return to the high street," Paul Martin, head of retail at survey sponsor KPMG, said.

[bartyb] 27/5/2021 10:44

Can't believe sellers in these trading is phenomenal

[johnwise] 21/5/2021 06:43

Consumer confidence returns to pre-pandemic levels as restrictions eased


Consumer confidence recovered in May, regaining all the ground lost during the Covid outbreak, as lockdown restrictions were relaxed and the UK’s successful vaccination rollout continued.

Sentiment rose six points in May as consumer optimism about personal finances and the economy increased, the GfK Consumer Confidence Index revealed. That was the highest score recorded in the past year.

Consumers were also positive about the general economic situation at present, with that measure up 10 points month on month and seven year on year.

[mike24] 19/5/2021 22:32

what a chance to top up at 10am on the dip
flushing the sellers out, then onwards & upwards
nai

[johnwise] 19/5/2021 14:56

Homeware retailer Dunelm hikes its profit forecast again as people splurge cash on sprucing up their homes during the pandemic


Demand for homewares and DIY products has rocketed since the start of the pandemic as Britons stuck at home with time on their hands have focused on housing and garden renovations.

Retail expert Clive Black said the homewares market should remain solid for the rest of the year, even as restrictions lift.

He added: 'With many folks unlikely to have the overwhelming urge to go on a foreign holiday in summer 2021, demand for home-related goods could yet be stronger and more sustained than we previously thought.'

Russ Mould, investment director at AJ Bell, said: 'Dunelm joins a growing list of retailers to say that earnings are better than expected.

[johnwise] 19/5/2021 13:10

Homeware boom sees Dunelm increase sales 59% in Q1, on track for £148m pre-tax profit

[johnwise] 19/5/2021 07:14

Dunelm Group plc Trading Update

19/05/2021 7:00am