The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Don’t take any notice of twitter posts All made by left wing activists determined to use this to beat up the conservative government Couldn’t give a toss about all the jobs as long as they score a few points
I think you miss the point As I keep trying to explain NEXT only sells it’s own stuff which they have manufactured abroad So to be fair I am guessing but an item they sell at £30 quid maybe cost them 50p but I don’t think I am far out So there 15% is not that great plus they as I keep saying sorry to be boring they are a one trick pony Debenhams on the other hand are a third party seller of big brands ok there margins aren’t as good but 3% is probably reasonable Fashion is a fickle business what was hot last week is not now but because of the range of brands Debenhams stock they will always be relevant Another thing to take into account is the rise of the likes of PRIMART now up until a few years ago they where associated with trash your average customer was a Tracy in trackies and a Hoodie hair pulled back so far into a ponytail so her eyes bulged oh and don’t forget the pushchair with baby Tyson in On the odd occasion my wife went in she took another bag in with her so she could drop the PRIMARK bag inside so nobody knew she had been there But they have re-invented themselves Good quality stuff nice stores well set out no longer like a jumble sale Now people go there ex NEXT customers with there £50quid and come out with 5 items of good quality gear rather than 1 or 2 PRIMART are set to do to NEXT what ALDI did to TESCO
No I brought some Debs recently This is purely an observation based on my visit Investors in retailers are lucky as they can actually go and see for themselves rather than relying on the management to keep them up to speed
That those who post here are seasoned investors But do they ever go shopping I ask because under protest I was dragged to the city centre by her who must be obeyed Saturday We had to go into NEXT as she had received some vouchers for Christmas I was quite taken aback by the lack of customers in the place and the amount of Sale Items still on display I remember a few years ago when people slept overnight outside the store to make sure they where first through the door and after a few days all the sale items had gone with people hoping that people would start bringing items back so they could bag a bargain Not anymore The NEXT brand is heading the same way as other iconic retailers GAP HOLISTER M&S and in a smaller way C& A There time is over there brand is no longer ( if it ever was ) a must have Agreed there profits are eye watering but only because they only sell there own stuff so something they sell at £30 quid they maybe paid a Vietnamese manufacturer 50p for so even in the sale there making a pretty penny They are a one trick pony and once people fall out with the brand all is lost There clothing brand is no longer relevant I can almost feel you all picking up your mobile saying ah but there homeware business is doing very well which on paper it is but that’s driven by the clothing brand so lose that the whole thing come tumbling down This is my opinion but NEXT in 2018 is a disaster waiting to happen I would no be surprised at a 3 Figure share price by the end of the year But like I say I could be wrong
I don’t think Debenhams panicked In hindsight I think it was a good call There main rival House of Frazier lost out big time over Christmas because of it Apparently they report next week and things don’t look good
Guessing myself a bit of a drop going up to nearly 36p to tempting for people not to sell
You have your opinion I have mine But I think that NEXT needs to really contemplate there navel Times are changing I took my dog for a walk the night before the binmen came after Christmas and you couldn’t walk past the Amazon etc boxes on the footpath awaiting collection they sell brands NEXT is not a brand people like brands When you can buy a brand at the same price as a NEXT product which do you buy I am not a big poster but a couple of years ago ( you can look back if you like) I forecasted that Tesco was rising for a fall for exactly the same reason they thought they where invincible Everyone said I was talking rubbish then also Arrogance complacency tiredness they all fall for it eventually if you don’t adapt
Sorry my friend you are wrong true they don’t reduce before Christmas but they have the mother of all sales starting Boxing Day it’s part of the PR they trolley the TV cameras out showing people queuing for the shop to open at 6am Smoke and mirrors how does it matter if they sell it 50% off on Dec 24th or as they do dec 26th they are still flogging it off cheap As far as there homewares section you normally find it in a cupboard sized corner of the store more normally than not devoid of any customers Problem is people are catching on It’s not a brand but they try and market it as one and the prices reflect that Like I say a disaster waiting to happen
Can’t understand why people make comparisons with Next. Next only sell there own brand bit like M&S and look what’s happened to there clothing sales .But at least M&S had the sense to diversify M&S are as well known for there food now as there clothes and fair play to them Next however are still a one trick pony and in my opinion a disaster waiting to happen Debenhams should start taking on the likes of TK MAX Big brands competitively priced but without having to spend half a day going through the rails trying to find what you want Get rid of the stuffiness and elitist feel to it so the younger punter doesn’t feel intimidated by the snobbish attitude of the staff Don’t get me wrong keep it classy but fresh
That’s all the excitement for another 6 months till the half yearly come out Gonna hang on in there though Got my investor head on with this not trader head
Flipping results
They must be announcing Thursday companies don’t normall leave it till the Friday Really suprised people are jumping ship with there couple of hundred quid profit when this has so much potential
The spread has always been massive on this share for some reason. But mondays results I think will be a game changer I have heard the India business is doing quite well so im am guessing a big hike in profits But that just my opinion
After 2 sell trades of 100000 shares each the price goes UP 8%?
i will Wait the big sell off when it gets to 204/5 then try again me thinks
201 to buy now
I’m guessing the MM are expecting good news profit wise and are factoring it in Still a massive spread though
Any idea what day the final results are fue
Looks pretty bleak But on the plus side the directors seem to have done all the right things to cut costs and streamline the business Its all very confusing I have investments in a couple of small cap oil companies CERP & NUOG which are doing very well thank you very much I read that to say that the age of the combustion engine is not over yet But then I read this report and it seems that manufacturers have all but abandoned petrol and diesel I just tried a test purchase on my HSBC account for 1m shares and the are offering them at a 0.29 a saving of �550 So tempted any advice out there
I have a friend who has a pharma business in mumbai