Next Share Discussion Threads

[markycrispy] 02/4/2016 10:33

Personally I think we have turned today and am expecting a rise next week - as for £45 stranger things have been seen in the stock market - the markets can stay irrational longer than you can stay solvent as the saying goes. The Management team here will turn things around - it might need a complete rethink,shops shut,more focus on the internet business but I think they will do it.

[discodave4] 01/4/2016 21:56

Think it will see £60 before £45.DD

[kendonagasaki] 01/4/2016 21:24

Chester I most humbly disagree.One needs to remain absolute in ones revaluation of this company given the current trend. I would hate for you or anybody else to lose even more monies in this company.The current gap from the 300 MDA has collapsed and a new trend has well and truly formed. The upper end of the trading range will remain at £59 and the current global market indications once again point to the lower resistance gap of £45.As I've stated the current CEO knows his business better than all. If he can see weakness and a global decline ahead it surprises me that you wish to plough against the coming trend.All in my honest opinion of course.We will see £45 before we see £65 again!

[chester] 01/4/2016 09:51

Major Fib retrace here, 5377. in my opinion a great risk/reward buy here at 5400.

[toffeeman] 01/4/2016 09:02

Deanrobert:


Toffeeman 29 Mar'16 - 14:49 - 19 of 31

I highlighted a gap in the previous thread and I have gone back to look:

There was a gap from 5550 on Dec 31 2013 up to 5900 on Jan 3rd 2014

I am not sure if this has quite closed - but nearly.

Then I looked a little further back and there is another gap 5200 on Oct 29th 2013 up to 5375 on Oct 30th.

So if you believe in gaps then wait for 5200 before you buy or alternatively buy now with a stop at 5150?

[deanroberthunt] 01/4/2016 08:27

gap at 5200,

[blusteradjuster] 31/3/2016 23:46

They have a habit of under-promising and over-delivering.

They've already spent £10m on buybacks this week.

It's not hard to join the dots.

[discodave4] 31/3/2016 23:29

Kendo,If the new FY is to be as challenging as 2008 then £45 may not be too far off (from Oct 2007 high to the low in 2008 the share price dropped nearly 50%, high Dec 15 was about £82 X 0.5 = £41).But, £45 would put this on a PE of only 10 (30% discount to its 5 year average), or they miss their own low profit target by 30%, in either case cannot see that happening, more importantly why is 2016 going to be another 2008..........it isn't IMV (famous last words!).DD

[kendonagasaki] 31/3/2016 21:09

The economic climate is not one of growth.The CEO of NXT should be applauded for his most honest interpretation of the coming 18 months.We are in admits of a global recession and not in a period of excessive growth anymore.The new cycle of normality is starting to resume and we are only just begging get to seek our new foundation price.We will hit £45 before we see £65 again.Plan your strategy with caution and honest interpretation too?

[discodave4] 31/3/2016 19:12

Sal,This is on a PE of 12 and has a 7% free cash flow yield, what's not to like!.Even on their own somewhat conservative/understated (agree with Minerve) forecasts there is 20% minimum profit to be had here IMV.Somewhat baffled that they have used ONS historical data based on spending trends for Q3 2015 - where the weather was labelled by the Met office as "Dull and Cool", likewise they experienced a very wet Autumn and an usually mild/warm winter, possibly the worst scenario for a high street clothing retailer. Similarly, if they believe more people will be spending money on eating out, recreation and holidays what do most people do beforehand - buy some new clothes!, but WTFDIK.DD

[wipo1] 31/3/2016 17:50

careful Good post, I've never liked this stock either but no position long or short.I personally think we will eventually hit the 3 year low on the chart but not putting my money where my mouth is because I've missed most of the downside.

[toffeeman] 31/3/2016 15:50

Crikey - looks like I may get my target.....

[minerve] 31/3/2016 14:35

Well, I was lucky here. I sold out a few days after the share price dipped below the buy-back threshold of £69.62. I was mainly in for the yield, including the special dividends, and so when it appeared that special dividends were going to be replaced with a long and protracted period of buy-backs, I sold out. I haven't been following it much since then. I wonder if the buy-back threshold will now be adjusted downwards?

Once this has stabilised I will buy back into my SIPP.

I think the picture by the BOD has been overplayed so expectations can be easily beaten.

[careful] 31/3/2016 13:25

always an odd company.
negligible net assets.(312m)
market cap twice turnover. (mks 60%)

tried to short this without success in the past.
no short position now, and sanity returns.

[salpara111] 31/3/2016 13:15

Next is clearly a quality company that is very well run but they cant beat the economy.
If they are effectively going ex growth then they would have to re-rate to a more modest multiple.
I like the business but until we see the share price stabilise I will keep my powder dry.

[toffeeman] 31/3/2016 09:52

Order placed at 5225 - let's see if I live to regret it!

[toffeeman] 31/3/2016 08:43

Another 4.5% and it will have closed that gap at 5200.

Think I may put in an order....

[toffeeman] 29/3/2016 14:49

I highlighted a gap in the previous thread and I have gone back to look:

There was a gap from 5550 on Dec 31 2013 up to 5900 on Jan 3rd 2014

I am not sure if this has quite closed - but nearly.

Then I looked a little further back and there is another gap 5200 on Oct 29th 2013 up to 5375 on Oct 30th.

So if you believe in gaps then wait for 5200 before you buy or alternatively buy now with a stop at 5150?

[r ball] 29/3/2016 09:18

indeed. but it is trading on toohigh a PE ratio.

[tlobs2] 29/3/2016 09:01

I have added a few more.

This is a well run profitable company.

[r ball] 29/3/2016 08:49

no dead cat

[minerve] 28/3/2016 13:26

Easter Sunday and three Next Home deliveries in large lorries visiting our neighbourhood.

This is not just a fashion retailer. Think of all those new homes requiring furniture and soft-furnishings.

I personally think the concern is overdone.

[tlobs2] 27/3/2016 22:18

Knock Next as much as you like but my wife and daughter tells me that their online system and service is second to none.

Customers expect quality and decent service and that is what Next appear to be delivering.

I might add a few more when the markets open ;-)

[mike24] 27/3/2016 08:08

from week-end press on Next

"Almost a Ratner moment from boss L,Wolfson as he
revealed how shoppers were fed up with buying clothes,
and were spending on holidays & dining out instead

hold off a few days for a better buy
nai