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Started: niklol, 2 Apr 2024 19:10
Last post: niklol, 2 Apr 2024 19:10
Next to launch in India
Started: ripley94, 4 Jan 2024 17:32
Last post: ripley94, 24 Mar 2024 23:14
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
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.
Started: Dartron, 10 Mar 2024 11:26
Last post: Moneyman64, 21 Mar 2024 16:38
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?
Started: kd100, 5 Jan 2024 23:09
Last post: kd100, 5 Jan 2024 23:09
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.
If you found this useful please consider subscribing!
Subscribe here: https://reallyknowthenews-newsletter.beehiiv.com/subscribe
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?
Started: Jonnn, 2 Nov 2023 12:35
Last post: Jonnn, 2 Nov 2023 12:35
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.
Started: clogs, 29 Mar 2023 09:04
Last post: ethical, 13 Oct 2023 21:24
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....
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?
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.
Guess that line “ the combination of inflation in our cost base and top line sales which are likely to edge backwards is uncomfortable” has unnerved a few, from what otherwise was a very comprehensive and reasonably positive report.
Started: JAdams5000, 13 Oct 2023 15:14
Last post: JAdams5000, 13 Oct 2023 15:14
Better to hold cash
Started: HappyInvestor100, 3 Aug 2023 07:08
Last post: HappyInvestor100, 3 Aug 2023 07:08
Https://www.londonstockexchange.com/news-article/NXT/trading-statement/16068138
Posting for info. I don't own any stock.
Best of luck.
Happy
Started: clogs, 28 Mar 2023 17:24
Last post: Taverham, 29 Mar 2023 08:54
Better than forecast - expecting a small rise here today.
Should be good, IMHO.
Started: EarlofAim, 8 Feb 2023 12:46
Last post: EarlofAim, 8 Feb 2023 12:46
hint next buying ITS in the style group
Wed, 8th Feb 2023 11:00
RNS Number : 3126P
Next PLC
08 February 2023
NEXT PLC
DIRECTORATE CHANGE
New Executive Director Appointment
We are pleased to announce that Jeremy Stakol will join the Board of NEXT plc on 3 April 2023 as an Executive Director. Jeremy will take on the role of Group Investments, Acquisitions and Third Party Brands Director.
In his new position Jeremy, at Main Board Level, will maximise the following business opportunities:
? Investments and Acquisitions in third party brands
? The promotion (but not implementation and management) of Total Platform to potential new clients
? The sale of all third party fashion brands on next.co.uk (excluding Home brands)
? The continued development of Lipsy along with other wholly owned non-NEXT brands
? Overseas wholesale, franchise and licencing of NEXT branded stock
Jeremy holds a Masters in Professional Accounting and spent his early career in the finance department of a large media company. In 2004 Jeremy joined Lipsy as Managing Director. Jeremy joined the NEXT Group in that role 14 years ago when the company was acquired by NEXT. In more recent years Jeremy has successfully led many of the recent new investment deals and related Total Platform opportunities (such as Joules, Victoria's Secret, Gap and others).
The Board confirms that no other disclosures need to be made under Listing Rule 9.6.13 in respect of this appointment
Started: moniman, 5 Jan 2023 08:24
Last post: moniman, 5 Jan 2023 08:24
Looking like a robust set of trading figures considering the economy and impacts of Russian war in Ukraine.
Started: arsenal58, 2 Nov 2022 07:33
Last post: PJT12, 29 Dec 2022 11:52
It's not just Next. Too many British companies (and others just operating in the UK) go a long way towards 'blame' for the current state we are in. Middle to lower management is often uncaring to the point of being 'short tempered', a result through spending much of their time firefighting and usually through being under-resourced. I include the public sector as much as the private one and speak as someone who worked as a manager but who now occupies a low -level time filling position. I feel so sorry for those who have to do these jobs. The other irksome aspect of many companies here is how they undertake box-ticking exercises, projecting and posting cliched motivational catchphrases to make them seem "caring", most of that literature flies in the face of their treatment of the very employees who they are supposedly aiming them at. I really do despair.
My sister worked in retail for Next, and they were horrendous. Awful pay, expected to be in store 30 minutes before your shift started or you got in trouble, and so on. Note that all of this could be local to the store, so probably not worth me pressing the post button! :)
I have been married to a Next employee for the last 21 years and have seen the erosion of wages and and the treatment of staff deterioration over that time. If she was not close to retirement she would leave. It used to be a great company and valued its staff. Now they give out important sounding titles instead of paying a decent wage. The turnover of staff that I know of locally bears witness to this sad state of affairs.
I did read - but from memory it was actually slightly less than that. And they pointed out that that was a fair bit less than supermarkets or work as a shop assistant locally at almost 30% more.
Asd you say, pretty poor and no surprise they struggle to fill vacancies.
I voted for remain but respect those who opposed me.Your contribution was very basd indeed when you talk about slaves in shops.This company has been a shining light of good practice over the years and has been doing very well
Started: Corbs, 2 Dec 2022 13:29
Last post: Corbs, 3 Dec 2022 10:12
Yes and a legal challenge group Activist group will be formed .
Am I right in saying that the administrator were the same firm working with Next, Joules and Tom Joules on the turnaround plan before Joules went into admin? And then the very same group buy Joules out of administration. I think the people furious here should be the JOUL shareholders!
What a rip off. Boycott both firms for life .
Started: Uncle_Doug, 29 Sep 2022 10:51
Last post: AquaeSulis01, 29 Sep 2022 13:39
Must admit I thought NEXT must have employed Tim Martin from JD Wetherspoons whilst reading the "Economic Expert" advise on what the Govt should and should not be doing within the RNS
Half year results were very good but outlook is uncertain and sales and profits in future have been reduced. At time of typing the SP is down 10%. I think that the SP is good value and the fall overdone but I haven't done enough research on NXT to contemplate an investment. With the UK economy in turmoil and Liz Truss currently doing a Robin Hood in reverse - robbing the poor to give to the rich - I can't see many positives here for a while.
"JPMorgan cuts Next price target to 6,000 Neutral"
HMRC investigation into Next’s payroll with fines over situations like poor workers losing benefits and not being paid properly…might have something to do with it..
Anyone knows why the sp is dropping when FTSE is up 2% & almost all the of the other FTSE shares are climbing back up?
Started: Laughton, 17 Apr 2022 20:14
Last post: Laughton, 17 Apr 2022 20:14
Started: n1shares, 25 Mar 2022 09:01
Last post: Uncle_Doug, 31 Mar 2022 12:34
Inflation is going to be high for a year at least according to analysts so expect purchasers to move towards cheaper end of market - likes of ASOS , BOOHOO and supermarkets will do well. Expect NXT to slide further.
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.
Started: n1shares, 7 Jan 2022 16:12
Last post: Taverham, 24 Mar 2022 09:52
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.