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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dunelm - 70p-a-share special dividend

April 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DNLM
  • Price:
  • 828p
The shares moved higher after homewares retailer Dunelm announced a 70p special dividend, while abandoning its net cash position and committing to a net debt / EBITDA target of 0.25-0.75x. This opens the way for further returns and Barclays estimates a future total yield of 6-7%.With former CEO Will Adderley back in his old position there is more urgency in returning the powerful momentum seen when it first floated and interims unveiled a commitment to “grow sales by 50% over the medium term,” a maximum of five years. This will be achieved through in-store growth (including a new venture into furniture sales), growth in home delivery and of course increasing the number of superstores from 142 to 200.Revenues rose ...

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Dunelm - Acquires Fogarty bedding brand (December 2015)
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Dunelm (February 2015)
Dunelm - Will Adderley returns as CEO (November 2014)
Dunelm - Specialist homewares retailer looking good value again (September 2014)
Dunelm - Cash generation very strong (March 2014)
Dunelm - Another special dividend (November 2013)
Dunelm - Shares burst through £10 (September 2013)
Dunelm - Trading ahead of expectations (May 2013)
Dunelm - Gain to date:374% (March 2013)
Dunelm - Gain on original tip: 323% (February 2013)
Dunelm - Special dividend unveiled (October 2012)
Dunelm -Homewares retailer eyes expansion to 200 stores (September 2012)
Dunelm (April 2012)
Dunelm (March 2012)
Dunelm (August 2011)
Dunelm - Trading beats analysts’ hopes (June 2011)
Dunelm (April 2011)
Dunelm (February 2011)
Dunelm - Shares hit new high of 470p (November 2010)
Dunelm - Q4 trading ahead of hopes (September 2010)
Dunelm - Homewares retailer well set to expand to 200 superstores (June 2010)
Dunelm - 21.5p special dividend (April 2010)
Dunelm - Gross margins improve 200 basis points (February 2010)
Dunelm - Another big profit upgrade for homewares firm (December 2009)
Dunelm - 16% jump in like-for-like sales (November 2009)
Dunelm - Homewares retailer to open 10 new superstores this year (August 2009)
Dunelm - Take part profit after good run (June 2009)
Dunelm - Homewares firm to accelerate new store openings (April 2009)
Dunlem - Gross margins still ahead of last year (February 2009)
Dunelm Group - Ungeared homewares retailer well placed for further expansion (January 2009)
Dunelm - Homewares firm prices low and still beats forecasts (December 2008)
Dunelm - Homewares firm eyes entry (December 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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