The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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I hope your right. However im sure the forecasts were for nowhere near such a drop.
Old news being re reported due to the Thursday results day, fact - profits will be down on clothing as stated already by next and why the sp has already taken the hit, story is all about online sales and profits, if they balance the picture and next have had a better than expected summer, imho the sp will jump back up, especially if cash in bank is up and special divs continue to roll in, we'll run company
I hope the recent rise means that the following is wrong http://www.express.co.uk/finance/city/851954/Next-pre-tax-profit-2017-sale-John-Lewis-first-half-results
I'm always suspicious when SP rises without obvious reason. Although I'm here for the dividend, by selling now at a good profit, and at a high SP, I will be in a good cash position should the SP fall back before they go ex div. If so, I'll be able to buy more shares than I sell and make more divi. With my luck though, they'll probably keep climbing all the way back to £7.
Does someone know something about the interims on 14/09 - Or can the last 2 days rise be attributed to wishful/speculative intentions? LTH here with an average of £57 looking to justify an averaging down. BTW kicking myself for not picking some up at 38-39 mark.
...shows us that GUS (Next's parent) and the Wolfson family invented online trading back in the 1950's, only it was called Mail Order in those days. They owned a lot iof the popular catalogues and had hundreds of 'local ladies' taking orders. They have always moved with the times and I'm sure the plans are in place for the next ten years. Buying online is the modern version of mail order and Next are probably best placed to take the number one spot. I'm sure floor space in stores will reduce, especially in high cost areas such as city centres. The need is to have up to date, good quality stock and available in the sizes, styles and colours that people want. Next don't always get that bit right, but in order to acheive the premium price, that's where they need to improve. Certainly a stock to buy whenever a buying window opens, if only for the dividend, which the BoD have pledged to maintain.
Irene I'm not one to argue at all, just looking at the facts and where the profit is being generated and how they have done it over 10 years, Next has over the last 10 years changed the profile to where the profit is being generated, and at this rate without changing the reason for high street profits to dwindle I'm sure they will continue at the same pace or I bet Sq ft space decreases or they have to change the profit/Sq ft ratio, would love to be involved in doing that, that's what good business is all about, looking from above and not from within, they are doing a good job, solid company
Nothing to do with shorting, just look at the last ten years Directory revenue up from 24% to 42% of sales, PBT from directory up from 33% of result to 56% ( 444 on 790 mil) impressive, however understand the Sq Ft space argument and maybe the Board need to look closely at this store numbers in 10 years up 7% however the Sq ft space up 53%, still the EPS figures are impressive and the Div's are good, this will bounce for sure, still my view is 47-50 by end of 2017
About 5% of the stock is shorted.
Will be up end of day. Still hate the manipulation, as the rest of my holding goes down. Great day to buy in.
I expect this on AIM but not on the Main Market with a multi-billion dollar company. Nearly GBP 2 down today on just one Broker opinion. No buys or sells to give that reaction. Biggest visible trade is under GBP 20k. More than likely a PI. I will now research the Broker to see just how accurate their opinions are. Anybody know how shorting activity is on Next? I wouldn't short at these levels.
What's materially impressive is the online directory result, this is what is going to stop the decline in SP, I see the SP moving forward from here, Investec broker rating for me, I see 47-50 by the end of 17 if they keep the focus on increasing revenue in this area, pound is strengthening as well which should help the Retail industry in general, fundaments look tidy even after downgrade earlier in the year and Special 45p Div remains in place in Oct, cant see much wrong with this share
Even the brokers can't decide .one says buy £47 another says sell £37. They really do make you chuckle. How well paid are these'experts'?
Papers always have their motives, usually money, for printing what they do. Take anything you read in a paper with a pinch of salt.
so much for the Sunday times
Has some good news been leaked prior to the 2Q on Thurs? :)
You won't see Next below 45 GBP in 2018. The baseline of support was around 68 GBP. That was Baseline! Not peak. A good recovery play imho. DYOR.
Sorry I mean next Thursday
Sorry I mean next Thursday
Hopefully some good news this time, 3rd and 4th Quarter should be more interesting as they will go back to there more popular lines.
But has been a powerhouse in the past, and if you believe in the Co, now is a good entry point. The High Street (albeit Shopping Malls these days), is part of UK life. The Divi gets paid next week, so I imagine a few are moving out/slicing etc. today. A good entry point to be in place for Q3/Q4.
Yesterday footsie down lots .next down over a pound.today footsie up lots next dont move bloody amazing
Got me beat this next if up goes up in small admounts .then drops big . Divi wiped out
Yes was upwards .all that gone today bloody things huge drop.
....or it "was" upwards!