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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Next Plc | NXT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 86.00 | 0.92% | 9,462.00 | 15:35:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9,386.00 | 9,328.00 | 9,512.00 | 9,376.00 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 07/7/2021 06:58 by ukneonboy PROBABLY NOT GREAT NEWS FOR NEXT PLC EITHER !!!BOOHOO UNDER ATTACK FROM CHINESE RIVAL SHEIN ==================== Author Crispus Nyaga The Boohoo PLC share price continues to struggle, as investors worry about SHEIN, the fast-growing Chinese e-commerce retailer, which has become a firm favourite among young people, globally. Interestingly, the SHEIN app recently overtook Amazon as the most downloaded shopping app in the USA during June. It is also one of the most frequently downloaded shopping apps in other countries including the UK. Further data compiled by Similarweb shows that SHEIN is rapidly catching up with Boohoo PLC. SHEIN's iOS shopping app is the second most popular app in the entire iOS platform. Worryingly for Boohoo PLC and its shareholders, SHEIN reportedly made more than $10 billion in 2020, dwarfing Boohoo PLC. Boohoo's shares are currently languishing at around 315p, but this is roughly 16% below its all time high for 2021. Concerns remain about Boohoo's future growth, now that the UK economy and UK high street rivals have reopened again. |
Posted at 18/12/2020 14:04 by smicker Bidding for Topshop |
Posted at 26/7/2019 15:05 by big cat1 Investors Chronicle report on bad debts is a bit of a concern, so we have took our profits |
Posted at 30/4/2019 09:38 by connorcampbell 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: hxxps://spreadex.com |
Posted at 27/3/2019 09:10 by qantas Please do your own research as always. |
Posted at 20/3/2019 13:44 by connorcampbell !YOUTUBEVIDEO:PHFyQnWill 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: |
Posted at 20/3/2019 13:43 by connorcampbell 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: hxxps://spreadex.com |
Posted at 03/1/2019 09:25 by spob Next shares rise despite profit outlook downgradeFashion retailer’s Christmas trading gives hope to stressed High Street Jonathan Eley FT Fashion retailer Next kicked off the festive reporting season with a small downgrade to its full-year profit outlook and a forecast of slight reduction in profit next year, but avoided a heftier cut to earnings expectations. The company, traditionally the first to report on Christmas trading, said full-price sales from October 28 to December 29 were up 1.5 per cent, in line with its previous guidance. It confirmed the view of others that November sales were disappointing, but said the October half-term had been strong, as were the weeks leading up to Christmas. The sales increase included a contribution from new store space and from finance income. The reduction in Next’s guidance for full-year profit — from £727m to £723m — was a result of lower margins on beauty products in the run-up to Christmas, plus the higher cost associated with fulfilling online orders. Over half the group’s sales are now made online. Next’s new guidance was a less drastic reduction than some in the market had feared, lifting its shares by as much as 7 per cent and lending a helping hand to the share prices of rivals Marks and Spencer and Primark-owner Associated British Foods. Berenberg analyst Michelle Wilson, who recommends selling the shares, said that while the update was better than feared, the drop in store sales was worse than consensus forecasts. “The drag from negative like-for-likes means Next will continue to report profit declines, even if it can generate revenue growth,” she said in a note to clients. Sales in the group’s 540 stores were down 9.2 per cent, but this was offset by a 15 per cent gain in online sales. Store sales have been falling for several years, but the group has previously said all its stores are still profitable and cash-generative. Ms Wilson added that the rate of decline in store sales had negative implications for more store-focused retailers such as Marks and Spencer, which is due to update investors on January 10. However, Liberum analysts described the overall increase as “a very admirable result,” and said the shares looked too cheap. They upgraded their recommendation to buy with a £61 share price target. Next shares ended 2018 down 10 per cent, mostly because of a steep sell-off in the last two months of the year. That followed comments from Sports Direct founder Mike Ashley about a challenging retail environment, and a profit warning from online fashion retailer Asos. The profit outlook is still a disappointment compared to last year. This time in 2018, the group raised its profit guidance for the year, helped by cold weather in the run-up to Christmas. If the forecast £723m of profit is achieved, it will be broadly flat compared with last year, though earnings per share will be higher because of share buybacks. For the year to January 2019, the company said it expected group profit to be £715m, though it cautioned that this forecast comes with a high degree of uncertainty, not least because of Brexit. It could spend up to £300m on share buybacks, which would increase earnings per share by around 3.6 per cent. Analyst consensus had been for full-year group profit of £725m. |
Posted at 29/10/2018 08:13 by daijavu smicker, I would normally agree but it pains me to read people promoting overly optimistic views about matters that are going to greatly affect companies, share prices and investors.I will be holding onto my cash until the market bottoms because my personal view is that there will be a drop in the UK markets when we leave the EU and it might take some time before they recover. I will probably keep my NEXT shares in the hope that they might be an exception. |
Posted at 25/11/2017 11:30 by qantas Short-sellers bet £1 Billion on high street decline as they target M&S, Next and DebenhamsShorts have created a bear market supermarket sweep. The Short and Distort: Stock Manipulation in a Bear Market. The Net Effect When the short and distort maneuver succeeds, investors who initially bought stock at higher prices sell at low prices because of their mistaken belief that the stock is worthless, caused by an effective distortion campaign. At the same time, the S&Ds cover at low prices and lock in their gains. Right after prominent bankruptcies such as Enron in 2001 or Nortel in 2009, investors could be more susceptible to this type of manipulation than during prosperous periods such as the 1990s in the U.S. During downturns, the first appearance of impropriety could cause investors to run for the hills much easier. As a result, many innocent, legitimate and growing companies could get burned, and investors along with them. (To learn about how you can profit when everyone else is heading for cover, read Profit From Panic Selling.) How to Identify and Prevent S&D 1.Do not believe everything you read - verify the facts. 2.Do your own due diligence and discuss it with your broker. 3.Hypothecate your stock - take it out of its street name to prevent the short sellers from borrowing and selling it. (Learn more about doing your own due diligence in our related article, Due Diligence In 10 Easy Steps) The best way to protect yourself is to do your own research. Many stocks with great potential are ignored by Wall Street. By doing your own homework you should feel much more secure in your decisions. And, even if the S&Ds attack your stock, you will be better able to detect their distortions and be less likely to fall prey to them by selling the stock at a loss. Please do your own research. |
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