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The fall yesterday was mad.Yes they reduced the forcast for next year but it still was higher than for the year that has closed recently.Well run company that is doing well.
Oxy, I think inflation will also help the top line - so to some regard this company will do well when consumers expect to pay more. The biggest concern is disposable income - will what's left be spent on clothes or travel is key . In any event this company is reliable and usually outperforms expectations. We shall see.
See Next bit the bullet and downplayed growth for the year only to see their SP react accordingly. Inflationary pressures seem to have a long way to go yet.
Small drop on revised guidance will we have another later in the year I would not rule it out and if we do you will see much larger drop.Is a well run business but there up against inflation and shrinking household available spend.
Pushed lower today - I have added because I think the fall is not warranted given the solid nature of this business.
Look at it's history on trading view, it's volatility is very high. It's been pumped and dumped. People have been swing trading it to the moon and back, look at '01, it hit £900!!!
I'm glad I got out last week, however it cost me because I didn't realize the severity of the downtrend. Looking at the bounds of the swing highs and lows since '08, I think £53-55 will be the bottom. I'm not going to touch it again, way too volatile.
It's the support levels, look at the weekly charts. I think 58 is likely also, seems to be not much resistance in the way...
This is going to bottom at 58 quid ..
How did you know !!!!
72 pounds next drop you watch ..
On Radio 4 this morning Retail is up on dec / early Jan sales 2022 compared to 2021
thats good news for Next
https://www.drapersonline.com/news/retail-bounces-back-but-faces-significant-headwinds-in-2022
Sky news article
https://news.sky.com/story/next-sees-prices-rising-by-up-to-6-as-wage-and-freight-costs-soar-12509966
Cannot understand why this share has taken such a beating in the last two days.Well run firm producing bumper profits are cautious for January so most probably will exceed their new projections .Special payment by end of January what is there not to like
Dow was down 1.1% and NAS down 3.3% over the pond yesterday.
Surprised at the drop, even if only 2.1%.
You would have thought they are positioned well for the recovery after Omicron??
All IMHO.
Stunning updated and am stunned that sp has fallen - added more!
LONDON, Jan 6 (Reuters) - British clothing retailer Next
on Thursday beat guidance for sales in the run-up to
Christmas and raised its full-year profit outlook for a fifth
time in ten months.
What a company
Amazing and yet another payout to the smallfry PI.
Thursday 6 January
Next PLC Trading Statement
Does anybody know whether the sales from 16:35hrs onwards (16 Dec), were Buy or Sell orders please? Either way, that's an awful lot of business changing hands!
feature this morning focussed on the potential from Next's Total Platform e-commerce outsourcing service. Sounds compelling. Clients already include Victoria's Secret & Laura Ashley, soon to be rolled out to Reiss and Gap.
Better value to be had elsewhere at the minute
Very true get out while you can
glad i got out early mind you that being said still not an issue to get out now.
Why do you think it's heading down ?