Professor Fang
25 May 2018
Re: Trading update Edit...£5.22
Professor Fang
25 May 2018
Re: Trading update A ridiculous over reaction, I've bought at £5.32. Key phrase for me; "We remain on track to achieve strong gross margin growth from trading in the fourth quarter".
IOMINVESTCOM
25 May 2018
Re: Trading update Trading UpdateDunelm Group plc ("Dunelm" or "the Group"
, the UK's leading homewares retailer, is providing an update on current trading.RevenueFollowing a good performance in the first three quarters of the financial year, the Group has recently experienced trading conditions which have been materially more challenging than had been expected, within a soft homewares market. These conditions have impacted our trading performance.As a result of reduced footfall to stores, LFL store sales are -4.7% in the quarter to date. LFL online sales (Dunelm.com) in the same period are +43.7%, resulting in total LFL sales of +0.1% in the quarter to date. Non LFL online sales (WorldStores, Kiddicare and Achica) have continued to reduce, as expected, partly reflecting the disposal of the Achica business.Therefore we currently expect total sales for the full year to be in the region of GBP1,050m, an increase of approximately +10% on the prior year (2017: GBP955.6m).Gross MarginWe remain on track to achieve strong gross margin growth from trading in the fourth quarter.OutlookTaking into account the trading conditions in the quarter to date and a more cautious outlook for the remainder of the financial year, we currently believe that underlying profits for the year are likely to be moderately below those delivered last year (2017: GBP109.3m).Commenting on Dunelm's performance, Nick Wilkinson, Chief Executive, said:'We have seen an unexpectedly challenging start to the fourth quarter, with continuing softness in the homewares market and reduced footfall to our stores. We are making good progress on our strategic plans to be a truly multi-channel retailer and further strengthen our customer offer. We will learn from recent trading and I remain optimistic about our ability to deliver strong sales and profit growth in the future.'Ends
IB Investor
25 May 2018
Trading update Am I missing something here - shop sales are down - whose are not - the move onto the web seems to be going well with this more than compensating the fall in shop sales - with increased margin why the massive markdown?
Tenobas
14 Apr 2018
What is going on? The chairman puts down 200,000 buying shares and they come out with a strong trading update and the share price jumps up but now looks to be heading back to where it was before.Is a P/E of 15 enough for a company which is proactive in bringing new products in store and developing online business?Is the idea that online is destroying all retailers except food retailers credible?
malj1
13 Apr 2018
Re: Quality, choice and value Ultimately any CEO has to get on with young Will. In short he's v smart & v v driven. Basically he owns & has built the business - & has a very clear agenda where he's going with the business. This is a very different proposition from most senior corporate posts. Not all managers can take or are at ease with that. Also I reckon young Will sees CEOs mechanical tools which he's buying in - so when the work requirements change he changes the tool. Whatever he pays the CEO is money out of his pocket, so it's a sharp relationship & as I say not the usual corporate luvvy-duvvy routine.
Chelios11
12 Apr 2018
Re: Quality, choice and value I agree, they are a quality company. Long-term hold for me. The growth of the online section is particularly encouraging.
jaymac3
12 Apr 2018
Re: Quality, choice and value I am not party to all the goings on but chatting to staff etc is gossip which seemed to indicate that there was some blame attatched to individuals that might have had some truth. However, as John Browitt bought a block of shares after he departed, perhaps there was some mutual agreement here?The fact it that there have been many staff meetings recently at all levels so the Board are aware that some problems did exist in dealing with communications and stock control etc while the Group keeps growing so, with the report and the increase in the SP, there doesn't appear to be anything to complain about.
Cantseethewoodsforthetrees
12 Apr 2018
Re: Quality, choice and value Jaymac3,Given the better than expected figures, how come they ditched Browett?
jaymac3
12 Apr 2018
Re: Quality, choice and value Good posts FS Amps - what you see is what you get! Dunelm even had to instal more cash desks in my local store just to reduce the queues of customers waiting to pay for their purchases.....The range of choices on offer is impressive - most stores have a total of 30,000 items in stock so that takes some careful handling.The new team seem to be settling in well and are enthusiastic about the future - Brexit or no Brexit, and it also reassuring to note the Directors are also buying.
FSamps
12 Apr 2018
Re: Quality, choice and value Sticking with these. Sometimes just going and looking who's in a shop and what they are buying tells you enough.
malj1
12 Apr 2018
Re: q3 IMS Baissez moi. That’s a jaw droppingly good IMS. Q3 lfl strong & superb in context of generally awful retail environment/market & generally woeful Mar18 month due v v bad weather/snow killing footfall (cf BDO). GM% decline effectively bottoms out q3. Core down (as expected, but these are largely one off step declines) & WS clearly being knocked into shape. Q4 guidance implies the general margin scenario is cusping on a strong turnaround, so the WS acquisition looks to be working v well. No wonder the sp is rocketing (+12% so far).
Cantseethewoodsforthetrees
22 Mar 2018
Big seller At least one at the moment. Seems ready to sell at any price!
jaymac3
07 Mar 2018
Re: Tempus in the Times says 'Buy'. Thanks to the last two posters for their positive opinions with which I am in agreement even though at this moment I am showing a 27% loss. I have not lost faith in Will Adderley as he has shown greater success as a retailer than most of his competitors.I just wish he was as skillful when it comes to selecting upper management to help him organise much needed improvements in DNLM's administration especially at this critical stage in the Group's growth. I hope the latest appointments to the Board can prove more positive than the recent examples.I wish them great success and I am still buying as they themselves are! All INMHO.
Aberdeen_investor
25 Feb 2018
Re: Tempus in the Times says 'Buy'. I have to say it looks like a good opportunity to buy. Not without risk but the downside should be limited from here with a good dividend yield to support.
