Next Share Discussion Threads

[lordbung] 20/7/2016 14:40

I'm wondering why the share buybacks have paused, they're normally a daily occurrence when the price is below the threshold? Perhaps Next is holding back for a period in order to pay a special divi again (even though this would run contrary to their stated policy).

Speaking very generally, Next was buying back roughly 100,000 shares per day at a cost of around £5million (see w/c 4th July as an example). That makes £25m per week outlay. To pay a dividend of 50p on approximately 148m shares would require £74m. So, lay off the buybacks for three or four weeks and sweeten the shareholders with a bonus dividend?

On the other hand, maybe they've finally run out of cash?
Just a thought.

[value king] 12/7/2016 18:25

I noticed on the BBC today they mentioned that John lewis sales had picked up after the Brexit noise. I'm hoping NXT follow suit.

[lordbung] 12/7/2016 17:03

Hook baited for 1417 shares at a limit of £49.75
Let's go fishing!

[lordbung] 12/7/2016 10:05

I hope not! Sold out yesterday at £51.05 after qualifying for the divi on Friday, I'm now hoping for another dip into the forties to buy back in and surf another wave.

[toffeeman] 12/7/2016 09:31

Now above 52 - will it hold?

[toffeeman] 11/7/2016 14:56

back towards 52

[tlobs2] 10/7/2016 17:59

Good article Toffeeman thank you.

And probably one of the reasons for the steady recovery ..........

[toffeeman] 04/7/2016 09:18

Toffeeman - 04 Apr 2016 - 19:22:50 - 45 of 197

Normally I agree that share buybacks are irrational but might I suggest you look at:

h??p://www.hollandadvisors.co.uk/cms/resources/lord-wolfsons-wisdom-on-share-buybacks.pdf

This explains it rather nicely and logically.

[mike24] 04/7/2016 08:49

why are they indulging in buybacks?

retailers need to slash the cost to customers by half the
cost of store (credit) cards, the days of charging 24% seem over!
any financial shocks to consumers needs rectifying by good value promotions,
or the competition will take the business,
Next Home
the stores well laid out,
the room sets are excellent,
lighting good range,
would like to see a more upmarket/quality move in furniture
delivery delays from far east are to far long
leather sofas from Italy, are in fashion
the sales take the tone of the stores down,
better doing realistic discounts on room sets, as Hof Fraser

[discodave4] 30/6/2016 17:47

markomark, marko19610, marko1961.....zzzzzDD

[marko19610] 27/6/2016 20:49

Now should you like do do a bit of history searching i have just located an old share dealing certificate from feb 18th 2000 where i paid £4.41 and bought 10,000 that is the cheapest i have ever paid for them. I have bought many many time since then and sold to make good money along the way I hope you have had the same decent returns over the years

[discodave4] 27/6/2016 18:40

How many "marko" handles keep popping up here!......one allegedly bought at 35 on Friday and sold at 51, fair play........or yeah whatever!.DD

[essentialinvestor] 27/6/2016 17:17

LB, in fairness you are laughing then, and probably better off than 99.99%
of holders.

[lordbung] 27/6/2016 17:08

I think I'll hang on. I take what you might call a long term view; I've already held these Next shares for over 20 years since I bought them in an employee SAYE scheme. They don't owe me anything, I've had thousands of pounds in divis over the years, plus all the ones I sold previously paid for my house and other things. I'm quite happy to keep them for another ten years, by which time the recovery in price caused by Next's buyback programme, coupled with the upturn in the economy, will make them a nice retirement bonus for me.

[marko19610] 27/6/2016 16:21

Lord bung. I hope you had the good sense to unload them again. If not get out while u can

[lordbung] 27/6/2016 14:13

I would be if I hadn't sold out the £70k worth in my ISA last Tuesday at £55.00 then bought them all back on Friday at £50.00 ! There's a lesson for me; buy back in installments next time, if there is a next time (no pun intended). I was worried about missing the imminent ex-div date, but I would have been way better off if I'd had more patience.

[essentialinvestor] 27/6/2016 13:30

Astute observation.

Anyone tempted to add here?.

[toffeeman] 27/6/2016 09:03

Cos they import everything they sell

[easwarareddy] 27/6/2016 09:01

When others aren't down as much and have recovered a lot in share price why is next still down so much