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Next has done well for me over the years.. remember getting in around 10p back in the late 1980s (after starting work for a competitor) ... did sell too soon but reinvested a few times and back in this week following this news - target £67 GL
Next confirms breakout with strong 2nd day so far after good results yesterday.
My view on NXT:
https://uk.tradingview.com/chart/NXT/CY5jMiT5-Good-results-at-Next-triangle-breakout-confirmed/
Amazed that literally no one posts here - it's a massive company - and outperforming the retail sector - perhaps people only like posting on the higher risk type investments out there? At least Next is showing that there is still hope for other retailers if they get their overheads under control and get their ranges right
Will Wednesday’s first quarter results interrupt Next’s remarkable start to 2019?
Though the company actually posted a, admittedly in line, 0.4% drop in full year pre-tax profit to £722.9 million back in March, the overall tone of the update was surprisingly positive. Total Brand sales rose 2.6% to £4.12 billion, with a 7.9% decline in Retail and a 14.7% increase Online, bringing the two divisions even closer in terms of the proportion of revenue they bring in. It is highly likely that by this time next year, the latter will have overtaken the former.
Currently Next is expecting total full price sales to rise 1.7% for the year to January 2020, with a 1.1% drop in pre-tax profit to £715 million but a 3.6% jump in earnings per share. Investors will be after a (positive) revision to this guidance on Wednesday, alongside whatever Brexit words Wolfson has for the markets this time out.
Read what Spreadex analysts have to say here: https://spreadex.com/?tid=390587
Will investors be saying thank you, Next following Thursday’s full year results?
As is tradition, Next was out of the gates early with its post-Christmas trading update, one that ended up setting 2019’s rebound in motion. For the holiday period – classed by Next as October 28th to December 29th – total full price sales (including interest income) rose 1.5%, with a 9.2% decline in Retail softened by a 15.2% surge Online.
All this means that Next is expecting a 0.4% drop in pre-tax profit to a slightly lower than previously forecast £723 million, alongside a 4.4% increase in earnings per share. For the financial year to January 2020, meanwhile, the retailer forecast a further 1.1% decline in pre-tax profit to £715 million, with a 1.7% jump in total full price sales.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: https://spreadex.com/?tid=388576
Looks like more consolidation is happening on the high street - Laura Ashley is being taken over now?
https://www.telegraph.co.uk/business/2019/02/23/struggling-icon-laura-ashley-gets-takeover-bid/
Just gone on the internet (as I like to be 100% always) and saw that the closing price was 12.5pence on jan7th 1991 - know that during the day around that time the share price was just 6pence. I was to scared to buy - hindsight if only - I might be selling now !!!
Volcano - you say that - but just 5 or so years earlier than you bought at £4 - the shares were rock bottom at only 6pence - 6p !!!!!!!!!!
first time i have bought NXT i payed £4 nearly twenty years ago i wish i never sold them , now i have payed £40 few days ago. LOL
n1shares, totally agree with you, but then again, look at the reaction on this BB. Just us commenting. Compare this with DEB much more active BB. Then again look at MKS BB. There's clearly a herd mentality out there so if commentators say the high street is dying, no-one thinks about it, they just sell. So stock prices become oversold.
What I think we have here is an inverse bubble where retail stocks have been vastly oversold / shorted, and now folk are beginning to realise the commentators might have got it wrong. Can't say that MA helped matters, but then again he clearly has ulterior motives.
Quite surprised there was not a bigger bounce in the share price today.I was expecting a price of around £48.The results were good and backs my view that for sales it was not a doom and gloom Christmas that the so called experts said it was.Next defies the pack as it does not discount prior to Xmas so its profit expectations are little changed.It is a highly profitable business.
I do not think that the trend was down however as November against last year in retail including online was up 5%.
Next has three advantages one is their online presence is very good .two that they have bricks and mortar stores which over 30% of their online orders are picked up at and three they do not discount prior to their sale.Looking at the way their shares are performing today I think we must be in for some good news in the morning as not only do they give sales figures but also guidance on profit unlike John Lewis.
Looking forward to a big bounce in the share price when results out later this week.I am sure they will be better than the market,but more importantly they will not show the decrease in Margins like some of the other retailers
I expect that when they announce their figures the share price will bounce by at least 10%
There is a lot of doom and gloom at the moment
Some people are talking that November was a disaster,however retail sales were up by 5% compared to last year.Where the problem is is with margins and switch between bricks and online.on both these areas Next has it covered.The one thing they do not do is discount until after XMas so I am not expecting them to do badly on the contrary their share price in the last two months has dropped by 30% hence I am looking for a bounce
Next will be the first retailer to report its Christmas trading update on January 3.
Jefferies expects a 3% cut to the fashion retailer’s full year pre-tax profit guidance of £727mln, saying recent comments from peers and industry data confirmed the UK apparel market saw a solid October but a weak November.
Of the head and shoulders pattern with the result there -- still waiting for further falls though
ouch...£52.40 and a 55p div ex div date tomorrow...what will it be at then ?....£51.85 or less?
WOW £55.50
Looks like those in the know have told their pals to expect not so good results tomorrow, judging by the fall this afternoon.
Personally I think although the competitive market blah blah blah, challenging condiyionsbkah blah blah and other pat phases that there WILl be some nuggets of positive news. Nxt's competitors are falling by the wayside weekly and ithey are well establishing shed to improve on their market share. A buy from me.
Next PLC (LON:NXT) is set to report a healthy recovery in full price sales at its first-half results on Tuesday but its valuation remains hostage to UK economic uncertainty, according to Jefferies.
Jefferies repeated a ‘hold’ rating on the stock but cut its target price to 5,600p from 6,100p, citing a “more depressed valuation context for UK discretionary consumer exposure”.
I agree - I have added today on this dip. Expect to be back up in the 60's by January. Divi is maintained and decent. Management is steady and not going for punch lines. Solid buy for me especially at this price
This share was way oversold today. The results are good.
Yes shop sales are down, but online sales are superb. Perhaps the wording of the financial report could have been better though. The future is more online than in the shops and the share drop shows just how misinformed the shareholders who sold really are.
https://m.youtube.com/watch?v=K-DkyMXTo5Q 2 months to early Hey maybe I’m a visionary
Yes, and I think that has been happening for a couple of years. But to be frank brokers/analysts don't have a great track record ... I owned 888 a few years back and it had fallen around 30% below my purchase price, and an analyst suggested that the share was worth 18p ... it's now around £3, I think it fell as far as 36p.