Next Share Discussion Threads

[toffeeman] 22/5/2017 16:31

Small long for the gap close to 4750 - let's see!

[che7win] 12/5/2017 08:01

If you took time to read the results you might notice that Next is managing into the changes

[kuss1] 11/5/2017 22:49

Amazon is taking over the world ... the market predicts the future. I was a fan of next but I'm beginning to think its model is dated. Sell into results and trading statements. It's a structural change in purchasing imo.

[careful] 05/5/2017 08:42

revised profit guidance was £680m-£740m.
that would mean a forward PE of about 10.
divi yield of over 4%.

Funny markets, some USA companies like Tesla or Amazon make losses or almost no profit
yet their shares trade on PE ratios of almost infinity because of unrealistic hopes for the future. No chance of a dividend there.

[sea and sky] 05/5/2017 08:26

Probably a foreign co will buy this lot before too long (China,USA,European - take your pick). They have a tried and tested team.

[kendonagasaki] 04/5/2017 15:36

Kendonsgasski investment Corperation have just graded NXT as a sell. New target price £35

[kendonagasaki] 04/5/2017 15:33

They are now officially a retail a casualty.Minus 8.1% lfl in stores is huge!!New store growth +1.5% lfl is not even covering store refit costs.Slowing down in in Next Directory to a 3% lfl is evidence of cannibilstion by ASOS and other me too competitors.The charts indicate a 500 badis point fall here to come.

[cluelessbugger] 04/5/2017 11:03

Mike24, whether you agree with share buy backs or not, at least Next have been transparent about the methodology for its buyback program.

See page 13-15 here hxxp://www.nextplc.co.uk/~/media/Files/N/Next-PLC-V2/documents/reports-and-presentations/2012/full-year-results-jan-2013.pdf

And then this is from their full year results in Jan 2014.

“In the Chief Executive’s Review last year we set out the criteria by which we would decide the maximum price the Company would pay to buy back shares. We introduced the concept of Equivalent Rate of Return (ERR). ERR is the return required from an alternative investment, if that investment were to produce the same level of earnings enhancement as the proposed buyback. We set the minimum ERR at 8%, which we consider a reasonable target for a return on equity investments. Over the course of the year we have discussed this concept with our shareholders. Most agree that the 8% limit is reasonable but many have commented that it would be more logical to use the Company’s guidance for forward profits as a basis for calculating the 8% ERR, rather than historic profits. We agree with this point and, going forward, will set our price limit on the basis of the mid‐point of our forward guidance.”

Since 2000 they have bought back well over half the shares in circulation. Many well below the current market price. Not that this was a metric on which the buybacks were based.

However, that’s all now history. I’m quite happy with the current emphasis on returning cash through dividends but will monitor their subsequent trading updates and half year results to see whether to carry on holding my position.

[qantas] 04/5/2017 10:12

hxxp://shorttracker.co.uk/company/GB0032089863/all

Shorts = 3.38%

Shorts not as bad MKS at 7.3%

Please do your own research...

[toyin] 04/5/2017 09:46

bookbroker

Thanks for the advice, trust me I don't need it. My post was re your non informative negative post like the one on PURP, but your not over there spouting off are you because its up for the day. My last post.

All the best

[mike24] 04/5/2017 09:20

the arrogance, and waste of money
the share buybacks turned out to be,
for the benefit of who?

[careful] 04/5/2017 09:16

lower guidance at £680m remains unchanged.
cash flow strong.
a severe reaction today, market cap of £6bn is good value.

[essentialinvestor] 04/5/2017 09:14

Well I got out as mentioned yesterday afternoon, lucky guess tbh.

[bookbroker] 04/5/2017 09:13

A little advice Toyin, when the co. suggests lowered guidance it raises a big red flag, especially after several poor trading statements, bar the last one, and the general malaise on the high street. I have no issue here, this is a strong, well-run company with a generous yield, but the story is retail, not Next specifically, they are a victim of their own making, deserved a high rating when the going was good, but now being re-rated, as even they will not be able to swim against the tide.

[toyin] 04/5/2017 08:24

bookbroker

I'm ignorant, really!

Good Luck

[toffeeman] 04/5/2017 08:07

JUST like Sainos yesterday why o why didn't i short last afternoon! (:

[bookbroker] 04/5/2017 08:05

Toyin - ur ignorance of markets is pretty stark, look at the current price!

[bookbroker] 04/5/2017 07:58

Stating the obvious, a downgrade is a downgrade!

[toyin] 04/5/2017 07:52

bookbroker

Do you just go round to boards that have had trading updates and post negative comments?

[bookbroker] 04/5/2017 07:40

This is going to fall at the open, guidance lowered and the uncertainty increases about achieving forecasts for the half year, I suggest a 5% drop at open!

[toffeeman] 04/5/2017 07:27

But will it do the market! - not long to find out

[essentialinvestor] 03/5/2017 15:00

That will do me, out.

[toffeeman] 03/5/2017 14:58

Just like Saino's yesterday and today (:

Yeah - glass half one way or t'other.

[sandeep67] 03/5/2017 14:56

Maybe it's a hype before Q1 tomorrow and then dump?

[toffeeman] 03/5/2017 14:48

A close above 44 is a good sign - there is a gap from 44 to 47.5