Next Share Discussion Threads

[careful] 23/1/2017 09:32

Simon Wolfson drove these up to £80 with his share purchase programme.
Now they have halved he has stopped.
financial engineering..his purchase criteria were complex.
..and totally wrong

[arja] 22/1/2017 19:06

rt shows clear downtrend . Last time I followed NEXT was in late 20145 and share price then about 8000 - sad indeed .

[lauders] 21/1/2017 04:15

If the share price descends to even lower levels will the dividend be safe? That is my main concern. I am looking for a good longer term dividend yield company and NXT seem to be fitting the bill at the moment. Surely management know that on-line is the way to go and will be reducing brick and mortar stores when/where possible?

The recent trading statement included: In the light of the exceptional levels of uncertainty in the clothing sector and with little visibility of the approach the UK government will be taking to Brexit, we have reviewed our approach to the distribution of surplus cash. We believe that in these circumstances it makes sense to give some additional certainty to shareholders over cash distributions.

We therefore intend to return surplus cash to shareholders by way of four quarterly special dividends of 45p each. This broadly represents the cash we would generate at the lower end of our guidance. We intend to pay the first special dividend at the beginning of May 2017. Of course, this plan is subject to the outlook remaining in line with our forecast ranges and no significant changes to market conditions.

It looks like dividends and even the continuation of special dividends are set to continue unless things turn REALLY negative.

[nomdeplume] 20/1/2017 22:32

Given the December trading data and the large sell at the end of the day, it's quite surprising NXT didn't fall further. It will be interesting to see what happens on Monday.

[robbiereliable] 20/1/2017 15:58

I agree with andyj that the decent dividends are a good enticement for long term holding, but not when the share price has consecutively dropped down. Still watching and waiting for the bounce back to buy in

[andyj] 18/1/2017 15:08

I am in for the dividends, a whopping 8.3%. I dont see much more immediate downside and greater potential for upside. Their dividend cover is good and happy to hold as an income play.

[robbiereliable] 16/1/2017 07:07

Thanks essential. I think I am going to wait for the next peak and trough. If the are higher than the last two I think a will take the plunge. Otherwise I will keep watching and waiting. Good luck to all current long term investors, I hope it does turn for you.

[essentialinvestor] 14/1/2017 12:02

Robbie, luck with that, very difficult to time an optimum price.

If you want a bearish take
NEXT are not buying back their own shares at current levels.
The CEO has a reputation for caution but also for astute capital allocation.

[robbiereliable] 14/1/2017 10:07

Essential, I agree with the recovery play comment and I am one who wants to jump in at the best point as my calculations say the valuation is cheap. However I imagine the trick for myself and other potential investors is not to catch a falling knife. The charts don't look very promising at the moment, but my expectation is for this to turn soon and hopefully I won't miss the bounce back... Although I normally do!

[philo124] 13/1/2017 13:06

Hence them throwing £10 mill at it.

[essentialinvestor] 13/1/2017 12:38

I now know how the ancient mariner felt seeing an albatross on the distant horizon ).


Cracking recovery play at some point, if you can call anywhere near the ultimate low.

Clothing sales market undergoing huge transformation atm with the online migration,
that seems to have picked up pace markedly in 2016.

[careful] 13/1/2017 09:08

Next guide is £792m profit going forward.
this may be below previous forecasts, but it seems very solid to me.
market cap £5.9bn down from £11bn

[philo124] 13/1/2017 08:44

Bought a few this am.

[robbiereliable] 12/1/2017 18:08

Correction *can't judge sorry... Very important that

[robbiereliable] 12/1/2017 18:07

Not a chartist, but I always watch the peaks and troughs on a 3 month chart. If the troughs are continuously lower than the previous then it indicates the share price is headed downward. However there are only two troughs since the major drop so you can judge the share off this. I am going to wait for the next trend to appear and if it looks on the up I will buy. I do think this share is cheap based on the last financials, but I have seen other bbers and articles saying a profit drop. I want to buy in, but am a bit nervous at the moment. I will probably miss a great recovery but oh well always happens to me!

[chutes01] 12/1/2017 13:36

nxt out of favour, could be worth a punt for a snap bak, and divi's.

[racg] 12/1/2017 10:49

Mmmm any chartists out there?

[essentialinvestor] 10/1/2017 11:29

Dividends are never certain and re the special NEXT spelled out it was
dependent on no further weakening in trading, however it did appear to
allow for cashflow towards the lower end of guidance.

[racg] 10/1/2017 11:27

Too much of a financial creature as it is for M and A to add value I feel. Basil you sure about the 8% then. Justify.

[sf5] 10/1/2017 10:04

Some successful investors I gather view a director purchase as meaningful if > £100k.
Obviously depends on their means and existing holdings but many NEDs will be old/ retired and not short of cash. So here we have one at that level and one at half. Possibly suggests they see this as a fair purchase price and unlikely to drop hugely?

I did once hold shares in an investment trust called Directors Dealing Inv Trust (or similar). It wasn't a success and they changed strategy soo after.

[basil brush1] 10/1/2017 09:38

nice bounce this morning. 8.3% yield- what do you get on your cash ISA? would not be surprised if M&A boys were sniffing.