Dunelm Group (DNLM) shares ticked up 11.66% to 1,436.5p as it raises FY22 profit forecast
Shares in Dunelm Group jumped on Wednesday after the British homeware retailer said it expects profit before tax for FY22 to come in “modestly ahead” of analysts' expectations.
As a result of its ‘excellent’ performance in FY21, the Directors of Dunelm have declared a final dividend of 23p, taking the full-year dividend to 35p, as well as a special dividend of 65p.
Despite stores being closed to customers for more than a third of the financial year, Dunelm reported strong sales growth of 26% which it said reflects the strength of its total retail system.
CEO, Nick Wilkinson said Dunelm Group is emerging as a stronger and better business following its transition from a physical retailer to “a proven, digital first, multichannel retailer.”
Somero Enterprises (SOM) shares jumped 14.89% to 540p amid ‘record-setting’ 1H21 results
During the six months to 30 June 2021, Somero said strong trading volumes had driven a record level of profits and operating cash flow for the period resulting in adjusted EBITDA coming to US$ 24.6m in 1H21 compared to US$ 8.7m in 1H20 and US$16.0m in cash flow.
As a result of its record-setting 1H21 results and a confident outlook for the remainder of the year, the Board has raised 2021 guidance and now expects revenues to be around $120m, adjusted EBITDA to be around $42.0m, and year-end net cash to be around $36.0m.
The Board has also declared a US$ 0.09 per share interim dividend representing a 125% increase compared to 1H20, an increase commensurate with the growth in its profits.
accesso Technology Group (ACSO) shares rose 12.92% to 935p as it upgrades FY21 forecasts
The technology solutions provider noted that it has ‘built on an excellent first half performance’ and continued to capture high demand for its technology solutions through July, August and the Labor Day holiday period. As a result, trading during the period was ‘very strong,’ it said.
Ongoing momentum has led the Board to revise upwards its expectations for FY21 revenues to not less than $117m, representing a full recovery to 2019 trading levels.It expects cash EBITDA to be significantly ahead of current market expectations for both the half and full year.
As previously signaled, the Company said its ongoing investments will have a limited impact on Cash EBITDA in 2021 and its full annualised effect will be felt in the 2022 financial year.
TomCo Energy (TOM) shares rose 10.7% to 0.56p as Chairman hails ‘considerable progress’
Ahead of its AGM today, TomCo's Non-Executive Chairman, Malcolm Groat told investors that these are “exciting times” for TomCo citing the ‘considerable progress’ made in recent months with its focus on Greenfield Energy LLC and the Company’s plans to pursue the construction of an initial 5,000 barrels of oil per day ("bopd") production facility at the earliest opportunity.
He noted that Greenfield is in advanced discussions with potential off-takers of both oil and sand from the site and the results from the due diligence exercise have so far been positive.
Biffa (BIFF) shares fell 4.65% to 385.5p amid lorry driver shortage
Shares in the waste management company fell on Wednesday after the group admitted in a trading update that it is facing pressure on its services from the escalating HGV driver crisis.
Addressing shareholders, the Company said it is ‘working hard to mitigate the impact of the national shortage of HGV drivers, along with other supply chain challenges’, on its services.