rumrunner
14 Apr 2016
Re: Message to Will Adderley Re Bill Adderley's departure from Woolworths - he refused the demotion to a smaller store and resigned, then took Woolworths to court for constructive dismissal.
rumrunner
14 Apr 2016
Re: Message to Will Adderley Jaymac,I have the greatest admiration for Bill Adderley. i knew him back in the 60s when we were both trainee managers at F.W. Woolworth - at the time we both were deputy managers at large stores with our next appointment being store management of a smaller store I left to take a different career but Bill stayed and progressed up the ladder into bigger stores. He had a dispute with Woolworths and took them to court for unfair dismissal - basically he refused a demotion and was fired - but he lost his case. This didn't bother him as his wife had a small business selling curtains which started on Leicester market, then moved into shops.Together they expanded rapidly and I bumped into him in a Dunelm shop in the early 1990s and had a chat about old times and he told me about his business philosophy which took the best parts from Woollies and left out the worst. That was when I was "sold" on the company and have been an investor almost from day one.
Callun
13 Apr 2016
Re: Message to Will Adderley If Will had listened to the chatter re divi dodging perhaps he could have sold above £10 Looking on the bright side, the slump in the SP offers a buying opportunity. Company fundamentals are unchanged.
jaymac3
13 Apr 2016
Re: Message to Will Adderley Don't be too quick to think badly of Will - we still have a lot to thank him for as both he and father Bill have always looked after the shareholders very well..Very few major companies have ever maintained a family holding as large as theirs and they still have a significant percentage. It should also be noted that they have always supported many charitable causes and you can see from the recent news items that appear to indicate that part of these proceeds are for worthy trusts and not just family ones.Most importantly (in my own opinion) is the consideration that the city has always taken a view that companies with significant family interests have not always been looked upon favourably by institutions and moves like this might make the shares more tradeable by the markets.I think the drop today is an understandable knee jerk reaction and it will soon return to its previous higher levels
malj1
13 Apr 2016
Re: Message to Will Adderley The Adderlys still have ca £1bn in the company. Maybe W & N are having a baby shower?
rumrunner
13 Apr 2016
Message to Will Adderley Many thanks I don't think!!8m shares sold @ 915.
Callun
08 Apr 2016
Re: Latest trading figures Rumrunner, I bought back in before the dip, around 925, as part of my regular DNLM trading. I never expect to trade the top and bottom, so always applaud the good luck of those who manage to do so. I missed the bottom, hoping is would actually go a little lower before adding. I wasn't aware of the broker downgrade until you mentioned it Looking for an exit above 990, perhaps.
rumrunner
08 Apr 2016
Re: Latest trading figures Callun, I have to be honest, I just bought on the dip before I found out that this was caused by a Broker downgrade. For once good timing.
wangbaudan
08 Apr 2016
Re: Latest trading figures I remember a few years ago following Merrill Lynch. Don't know what they're like now, but I made quite a bit of dosh by buying each time they downgraded something and selling on their upgrades!!!
Callun
07 Apr 2016
Re: Latest trading figures Nice trading rumrunner, and brave to reject the earlier downgrade by positive action. The market has certainly responded well to the latest trading figures with a 5% jump in the SP at the moment. Perhaps the start of a trend back to pre ex-div prices?Dunelm sales seem to be quite sensitive to the weather. Good Easter sales match the wet weather, and the mild winter has been blamed for previously poorer figures. The nature of retail sales, I suppose.
rumrunner
07 Apr 2016
Re: Latest trading figures Just re-checking and I see that I actually bought my last chunk of 500 shares on the same day as the downgrade - using the following drop in share price to pick up a bargain.
rumrunner
07 Apr 2016
Latest trading figures So much so for the downgrade by Jefferies International a week ago setting a target price of 845.I bought another chunk at 904 two weeks ago and am very happy.
rumrunner
18 Mar 2016
Re: pre-dividend dealing Apart from the most recent dividend(s) where I did sell before, I have always taken my dividends and also had good earnings. However dividends are subject to tax - which I know is about to change - so the earnings are not as great as they first look. I have held these shares since around the £6 mark and have added more as they rose. But you're never going to get £1 a share dividend which is the difference between my recent sell price and that which I bought back at. I sold 500 shares which is £500 profit less £44 trading costs, so that's 91p per share - tax free as I am nowhere near my capital gains threshold. And I still have the shares.
valuemanbuyer
18 Mar 2016
Re: pre-dividend dealing RumThe irony is that the long term hold will deliver you great income. When I first bought in at an average of 170p the income was v low . Now ,however, that holding has generated income this year of about 50p - over 25% annual income return on my investment . I believe it will continue to increase payouts of about the whole earnings of the company every year because it is so cash generative .land able to grow with little capital .
rumrunner
17 Mar 2016
Re: pre-dividend dealing Callun,You are correct. This share has bounced between £10+ at the top and around £8 at the bottom for the past 3 years. Trading even a reasonable amount - say 500 shares - would have produced a lot of capital gain even allowing for trading costs, and even if you hadn't hit the sell at the every top nor the buy at the very bottom. If you've only got a handful of shares then maybe not. I once held over a thousand shares and wish I had started trading this some time back. Oddly enough Greene King, another share I've held for a while and another solid company, has a price which as moved in a similar way to Dunelm, and which I am now trading. But as someone in their seventh decade I am looking for some extra income rather than a long term hold.
