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Next to launch in India
The P/E here is 16.
Not sure what the average for sector is .
Most people would consider the company to be overvalued at a P/E of 50, but possibly undervalued at 10.
This might be reason I set sell out target in January .
Fund.....................% Short Change Date Changed
Marshall Wace Llp 0.80%. 0.01%.. 25 Jan 2024.
Yesterday 21 Analysts expect the price to decrease by 4% to 8131p
Which is below my last slice of 8520p 4 Jan 2024.
It did fall back after Marshall Wace short to 8176p in hindsight of today they should of closed it.
Gives courage that big boys get it wrong as well.
Sold out today at 9000p above my target 8500 .
Good RNS and market getting better up 6% on day.
Nice to find only 3 posts on here since 4th January 24 , just short of 3 months.
The Yeild is 2.6% ex Sept & July
21/03/24 Sold 9000p ( ihad increased target from 8500p after seeing the then day high of 9007 the day high later was 9100 ) always wait for top maybe .
It did fall back to 8900p at 1.30pm, after hitting day high of 9100p at midday, before climbing back to close 9078p .
But out all day not watching, my sell executed 11.30am 30 mins before new all time high.
History .
04/01/24 Sold £85.20 ( Half )
Did not look at day high 85.32p
Sold half 15/10/19 £67.90
Buy 8/02/17 £38.30
Buy 22/4/16 £52.10
Very good results -like many companies Next appears not to like handing out the majority of it’s profits as hard cash in the form of dividends-There use to be an upper shareprice for buybacks -now it occurs whatever the price-
Badly let down by Next and their outrageous flowers.
https://x.com/DartronTrading/status/1766787244268925107?s=20
How many more customers will get refunded?
Hi everyone!
This is pasted from my newsletter, that I send out weekly! In this section I mentioned commentary from Next's CEO re. Red Sea tensions.
Maersk (WTD +16.5%) + Macro Themes: The shipping company announced on Friday 5th, that all vessels travelling through the Red Sea are to be diverted around Africa for the foreseeable future, in hopes to avoid Houthi militant attacks. Ramifications: Longer stock deliveries, higher prices - inflation? The Next CEO mentioned that should these reroutes persists, it will moderate sales growth. In the past week, freight rates have more doubled and will no doubt be reflected in consumer prices. This will be an important theme in the coming weeks and months ahead, and Maersk’s decisions re. the Red Sea will be closely watched by analysts - they are, of course, the world’s largest shipping company.
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Saw this at my sell target of £85 when I returned home from town .
Did not look at day high 8532p it was why it went strait through at 8520p half of holding again .
15/10/19 Sold half £67.90 topped out 7340 mid December 2019 ( 8% higher )
Covid low was 3390 early April 2020.
No sign I ever tried to top up at lows would of been better then Restaurant Group which I bought on 9/4/20.
8/02/17 Bought £38.30 on a big dip.
Zebrow , take a look at jdsports - they have been hammered today but are still growing faster than next and generating higher profits. Only real problem is managing investor expectations.
I think this is one of the very few UK shares worth holding onto.
Great update today with upgrades across the important numbers especially cash generation plus 100m. Expecting sp will rise 50p today. What is interesting is that comparing to JD sports it is a smaller and less profitable company but the market likes it more hence the higher mcap. great clarity in statement may be part of this.
Https://www.proactiveinvestors.co.uk/companies/news/1033792/black-friday-deals-are-cheaper-at-other-times-in-the-year-research-finds-1033792.html
alessandro.....nxt is in a sector,that suffered from high debt and inflation.
so like asos and boo.....PE ratios,are low
good news,if your looking for cheap entries tho.(especially on the 2 above)
boo,that one bottomed out about a month ago,after an 18 monthish downtrend
Why Next has a low PE, historically in the range of 13-16? is it unrealistic for this industry to achieve a higher PE, for instance around 20?
Maybe let it make its way back to 8's first?
This is a go with my gut, not crunching any numbers here like i did with Rentokil and JDW.
Solid company, they' ve weathered the storm well so far, on the face of it. High street sales undoubtedly helped by the competition falling away, kind of easy to be the busiest clothes shop on the high steet when you're the only one eh.
But i think the same reasons those other stores have fallen away will catch up with Next eventually.
They are also going on a bit of a spending spree. Theres a lot of old men in retail still, the bargain hunters, the mike ashleys. These companys are cheap for a reason. They should be saving their money for buybacks to shore up the SP through the coming years, cuz the storms not over yet.
Don't get me wrong, they won't be going bankrupt any time soon, even if their numbers are suspiciously good. But a high street retailer SP at ath's going into a recession?
A healthy correction is in order.
I really don't understand why anyone would have a store credit card...who in their right mind would go into debt just to by unnecessary crappy fast fashion. You'd have to be really stupid....
Better to hold cash
Solid and upgrade to year end is welcome , hopefully lifting sp today , in a tricky market!
She who must be obeyed just paid off the remaining balance and closed her NEXT account. The shape of things to come?
Https://www.londonstockexchange.com/news-article/NXT/trading-statement/16068138
Posting for info. I don't own any stock.
Best of luck.
Happy
Guidance for 2023-24 is for 1.5% decline in full price sales and profit down to 795M, hence the drop in sp. But it seems overdone IMO so I'm topping up.