Member Info for JG68

Maybe the board should take note of how M&S are running their business.

No rash dividend reinstatement immediately, and the shares are flying.

I don't recall them promising a dividend at fy.

Besides, NEX just reinstated a dividend, 5p and the sp is lower than before the update.

Market could take it both ways really, being prudent or too loose with cash too soon.

Problem is markets will look at anything to sell off at the moment, food inflation proving sticky, futures down, who knows how today will unfold

Shame futures are massively down at this point

Why no RNS?

Could be there's more to come?

It's just behaving like it always did, dropping consistently for no reason.

Does seem strange considering either suitor has pulled out.

Evidence of how manipulated this is by corrupt mms, majority buys after 1pm and this afternoon and they drop the price from circa 73.

That is exactly the sort of price movement that needs looking into.

Another superb day for NEX shareholders!

Pokerchips

Thanks for your input there.

Trading update ( profit margin warning) last June.

Is anyone actually worried that this might happen, even short term ?

One of the papers today suggesting it might be what's needed to stop this never ending cycle of increased borrowing.

I'm keeping a bit of cash free for just in case.

I remember thinking at the time, surely Trump will never become president, and surely Brexit won't happen, and then no way will Russia actually invade Ukraine.

So in my mind , however catastrophic it would be for a few days on world markets, it could happen.

Paddyboy

I've said before that I've been in and out over the last few years, but currently I have 40k in an isa at 127, 40k in a trading account at 131 and 47500 in a sipp also at 127ish.

I'm not even 10% underwater so it's not like cutting losses or anything like that, but I've been pretty much around that level since I started averaging down earlier this year.

As for the fundamentals, apart from the one off impairment in Alsa which contributed to the loss last year, and record revenues, dividend reinstated, leverage reduced albeit with the same debt, nothing else.

I know this, you know this, but why won't the city get behind us?

This year from mail today.

Wizz up 61%

Jet2 up 31%

Iag up 22%

Ssp up 11%

Wh Smith up 9%

Nex well we know don't we, down 10% thus year.

Says it all really.

We need maverick from PFC to read the charts, he's been pretty accurate on PFC.

But it does get to a point when you feel emotionally attached to a share, been waiting so long, if I sell may miss out, its my banker, etc etc, but the reality is NEX is pretty much the only supposedly sound company than barely moves a percentage point, the downward trend is there for all to see since the profit Warning last June, and the city just will not get behind it, even a little bit, for some reason.

If you have a large holding like me 100k plus shares, there is nothing wrong imo with trimming some off and using that elsewhere where your money is actually going to work for you, and leave a core holding here for the long term.

Until the profit margin actually shows improvement as per their evolve strategy 22-27, I think we are stuck unless some miraculous bid emerges or the board take steps to address the awful shareholder return evident since the pandemic, assuming you didn't trade into a profit or loss last year.

It is frustrating when you see lots if other stocks surge past leaving this in their wake, especially if you're heavily in.

My plan is to leave my sipp and ISA holdings long term, and trim off my share account holding by 20 or 30 k shares to use elsewhere, because I think this will come good eventually but may not be for another year or so.

Because its the mother of all dogs quick, will probably finish red

So predictable, get to 120 and sold into.

Isn't an increase in working capital for 24 good for the company?

This suggests the company will operate efficiently and will have good cash generation, no?

I ended up doubling down but I don't really trust a board that would announce thus a few days before FY update. The dividend is forecast to be approx 4.7p, it has been previously announced 3 times and imo can't see that making much difference next week.

Could also be the board member deciding to just leave.

Peed off with myself because I chose this over MAB because discount at the time, much lower debt and the dividend intention at beginning of the year, and turned out to be the wrong choice.

The other problem here is volume is usually low so will take something big to recover this short term.

This is also true Mary.

Mary

They could have announced thus in the forward looking statement, and countered the impact by the dividend announcement and operating profit, they have repeated in previous statements they will reintroduce dividends with minimal response from the market. Look at NEX 5p dividend and sp all time lows.

So imo unless they have something great to announce next week, then this could have waited or should have been updated previously.