Boring Bernie
25 Jan 2017
Re: recent selling Well, I bought back in here at end of June ( at ~780p if memory serves me right ), which doesn't look too clever now.The trading statement from a couple of weeks ago seems to suggest that Dunelm is going to struggle to grow and probably means we're sat on something like 14x earnings, with a 3.5 to 4% yield.I can live with that, so added a few more this morning at ~666p, which hopefully isn't a bad om
Bantam Spirit
21 Jan 2017
Re: recent selling Well I am topping up on Monday.Bantam...meanwhile gonna top up with some ale today
Cantseethewoodsforthetrees
20 Jan 2017
Re: recent selling Hi IOMINVESTCOM & jaymac3,Largely agree with your comments.Rate of fall has certainly slowed. Daily volumes seem to consist largely of dozens of automated trades with the occasional O trade thrown in.The co. Is playing catch up with its internet business which may well pay off longer term. Meanwhile I guess its store business, while offering value for money, is probably discretionary buying.A 20% drop in £sterling may be fine if you're exporting, but perhaps not in Dunelm's case.We await news....
jaymac3
20 Jan 2017
Re: recent selling While I admit here were a few rather large sales, the vast majority were very small numbers and resulted from many employees cashing in their share allocations to meet their festive season expenses etc when the credit card bills arrived!This was the case in the last two years and I suggest it tended to confuse the markets. I am not convinced that there is any real justification for the size of current drop but one also has to take into account the Brexit fears which might never happen in a significant way to affect DNLM.The only problem they might have at present is that they will have increased costs resulting from their policy of buying abroad due to the exchange rate working against them. However i am certain the management is shrewd enough to find ways to reduce that risk. IMHO the current situation could be a good buying opportunity as anything below £7 looks wrong to me. I am in for another buy right now.
IOMINVESTCOM
20 Jan 2017
Re: Bottom forming at 6.70?? Hi CSTWFTT,Yes, I follow charts and cloud charting.Share price has pretty much been under the cloud for most of the year and remains in a downtrend so any buying is like trying to catch a falling knife.I hope from the candlesticks over the last couple of days the selling has slowed and a base is trying to be formed at 6.70 or could be just wishful thinkingIf 6.70 breaks then will need to look for next area to slowly drip feed into maybe 6.50 / 6.00GLTA
Cantseethewoodsforthetrees
20 Jan 2017
Re: Bottom forming at 6.70?? If you follow candlesticks charting, then 'dark cloud cover' forming.Sub-670 finish would suggest lower to go.Short term Brexit uncertainty's killing this and plenty of other shares IMHO.Trading update should clarify.
IOMINVESTCOM
20 Jan 2017
Bottom forming at 6.70?? nm
valuemanbuyer
17 Jan 2017
Re: New hire Cants... thx for that v useful article . It is interesting because its the first time they've stated that the store portfolio will grow to 250 stores (up from 200 originally planned) & sales target £1.5bn .I will stick with it even though its 30% off the highs of a couple of years ago and has affected my portfolio performance badly . Were trading on 14x this year and 13.5x next -the lowest for many years ...and I've been it since 135p. Meanwhile an 8% freecashflow return while we wait is ok
Cantseethewoodsforthetrees
17 Jan 2017
New hire Posted on LSE:[link]
IOMINVESTCOM
17 Jan 2017
Broker revised 8.25 - 8.50 range with Add & Buy 17 Jan 17 Cantor Fitzgerald Buy 684.00 950.00 850.00 Reiterates16 Jan 17 Numis Add 684.00 - 825.00 Reiterates
IOMINVESTCOM
17 Jan 2017
Re: same old Me too as I have topped up at today's level.
Thunderbird 6
16 Jan 2017
Re: same old Hope you may be proved wrong in the not too distant future as have recently filled my trolley with these !
Hugh Betcher
16 Jan 2017
same old Dunlem is one of those groups which always looks like it should do very well, but then never does.
IOMINVESTCOM
16 Jan 2017
‘BuyÂ’ Dunelm (target price £10) Dunelm (DNLM) is a homewares retailer operating under its own name and the Dorma brand. Distribution comes via 152 out-of-town superstores, a handful of high street stores and online.‘Dunelm offers a yield of 3.5% on its normal dividend. However, the group also continues to pay out excess cash balances via a special dividend, with the trigger point being an average debt/EBITDA ratio of 0.25x,’ writes Peel Hunt analyst John Stevenson.‘Having recently announced the acquisition of World Stores, we believe this will push the next special into FY18. Normal cash generation for Dunelm would imply an annual special dividend of c£70 million, suggesting a combined yield of >8% from 2018 onwards.‘From a trading perspective, we expect earnings growth to pick up from 2018 also, reflecting self-help initiatives and a return to more meaningful space growth. Dunelm has historically accelerated market share gains and profit growth in a tighter consumer environment.’[link]
IOMINVESTCOM
13 Jan 2017
Paul Scott's view [link]
