Share Name Share Symbol Market Type Share ISIN Share Description
Next Plc LSE:NXT London Ordinary Share GB0032089863 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  60.00 0.74% 8,142.00 8,144.00 8,148.00 8,250.00 8,094.00 8,242.00 160,501 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 3,997.5 748.5 472.4 17.2 10,825

Next Share Discussion Threads

Showing 5976 to 6000 of 6200 messages
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I think Next online sales are greater than in store sales they can close underperforming stores if they want
Fortunate to have the online business with store sales falling fast.
OUTLOOK FOR SALES, PROFIT, CASH FLOW AND EPS IN THE YEAR AHEAD Sales Next year, our central guidance for full price sales growth (including interest income) is +1.7%, in line with the second half performance of the current financial year. In the year ahead, we are assuming a similar economic environment as that experienced in the second half of the current year. Within this guidance, we expect Retail sales to be down ‐8.5% and Online sales to be up +11%. Any sales forecast made in January comes with a high degree of uncertainty. This year uncertainty around the performance of the UK economy after Brexit makes forecasting particularly difficult. We have not factored into our sales estimates the potential benefits of a smooth transition or the downsides of a disorderly Brexit. Profit, Cash Flow and EPS At this level of sales growth, we anticipate Group profit would be £715m2, a decline of 1% on the profit forecast for the current financial year. We anticipate that the Company will remain strongly cash generative and our forecast for capital expenditure in the year ahead remains in line with the guidance given in September. At our central guidance, we estimate surplus cash3 generation of £300m. We intend to continue our policy of returning surplus cash to shareholders through share buybacks (subject to market conditions). We estimate that the enhancement to Earnings Per Share from £300m of share buybacks would be 4.7% and at our central profit guidance, Earnings Per Share would increase again in the year ahead, by +3.6%.
no discounts available for next shares today then :(
Https:// Next's Christmas trading to be hit by Brexit and mild weather, says Jefferies 10:28 21 Dec 2018 In a note to investors, titled a “Messy Xmas”, Jefferies maintained a ‘hold’ rating on Next but cut its target price to 4,600p from 5,600p. Jefferies expects a 3% cut to Next's full year pre-tax profit guidance Mild weather and a Brexit-induced weakness in consumer confidence are bound to have affected Next PLC’s (LON:NXT) Christmas trading performance, Jefferies said. In a note to investors, titled a “Messy Xmas”, Jefferies maintained a ‘hold’ rating on Next but cut its target price to 4,600p from 5,600p. Next will be the first retailer to report its Christmas trading update on January 3. Jefferies expects a 3% cut to the fashion retailer’s full year pre-tax profit guidance of £727mln, saying recent comments from peers and industry data confirmed the UK apparel market saw a solid October but a weak November. ASOS PLC (LON:ASOS) issued a profit warning on Monday after a poor trading performance in November, a key month for the online fashion retailer. The news dented investors’ hopes that Christmas sales would help retailers turn around its sales performance for the year. Outlook depends on Brexit "Whilst some big days of December trading are still ahead of us, we don't expect the protracted softness which spilled into December to be recovered," Jefferies said. "Looking at the early months of 2019, much of the outlook continues to be dictated by what shape the Brexit discourse will take." The first quarter of 2019 will be compared to last year’s weak performance when the so-called ‘Beast from the East’ meant customers stayed indoors during icy temperatures and heavy snowfall.RE Jefferies said this makes for “good chances” of a solid transition into spring and summer clothing ranges. “But whether UK consumers take full advantage of their improved ability to spend (with disposable income growth currently at more than 3%) will depend on politicians steering the Brexit process through calmer waters (the w/c 14 January parliamentary vote being the next big step),” the broker said. Jefferies cuts profit forecast for Next Against a tough retail backdrop, Jefferies estimates Next will report a 13% decline in like-for-like sales at its retail stores in the fourth quarter, compared to the 10.2% drop it previously expected. This is expected to be offset by growth in the Directory, Label and international businesses. “We assume Xmas trading performance slightly softer than that in retail, with full price retail like-for-like -13.5% giving Brand sales of -2.9%. “Combined with a slightly softer gross margin estimate (given no progress in mix in favour of full price sales in Q4) this sees us cut our full year pre-tax profit forecast from £726mln to £705mln (vs current guidance at £727mln).” For the 2019/20 financial year, Jefferies expects pre-tax profit of £706mln, supported by full price brand growth of 3.1% (Retail like-for-like -4.7%, Directory +10%). Jefferies said the recent sell-off has seen the shares de-rate to a FSTE discount of 20%, versus an historic range of -30% to 30%. The broker currently prefers “more growthy” names like Primark owner Associated British Foods PLC (LON:ABF) and B&M European Value Retail (LON:BME), which have “experienced as extreme a reset in the valuation context”.
17:28 3800 prediction pretty spot on....90 per cent of stock from outside EU, what has that got to do with anything?? sterling has crashed against everything not just euro. Wolfson should go, can get on with his tory career in politics (trying to sell utter brexit fiasco) these looking very sick, tired brand, possibly semi terminal. Happy xmas.
Thanks Harris
FWIW, Shares magazine have Next as one of their "10 fantastic stocks for 2019". They conclude: "Next is one of the best-run companies on the stock market and that equity rating is an absolute bargain for a business of its calibre. You’re also being paid an attractive stream of dividends, currently yielding a prospective 4.1%."
harris tweed
I can see this going under £40 due to Brexit sentiment. Maybe sub £30 if (or when?) a major market sell-off coincides with Brexit. Presumably Next will continue to spend £300m on buyback or special dividends every year unless there is a massive impact to their trade. Meanwhile the structural change in the transfer of more and more of their business to online seems to continue at a pace. Label and overseas also growing strong. Interesting section on lease renewals in their half year results shows that they can continue to run profitable retail space. Obviously I wish I’d sold at £80, or more recently £60 to buyback more shares now or later but I’ve held Next for a very very long time so it doesn’t really matter. I am happy to carry on holding and am considering buying more for the longer term yield opportunity when I think we’re closer to the bottom. You say sprawling annual report, I say master class in transparency. I’m always confident that I will find the information to answer a question I might have in their reports.
To counterpoint all that: Sterling has been trashed for 2 years already; 90% of stock is from outside the EU so no brexit impact; Online is already taking over from stores with a fairly seamless store/web crossover; they're an anchor tenant in many malls so the landlords will be bending over backwards (or maybe forwards) to keep them in place; people still like to go into (good) shops to buy clothes and they will continue to need clothes whatever channel they use to buy them. Additionally finance is the future of retail imo, though I note that bad debt is expected to rise this year: perhaps an early indication of a post brexit recession. Personally I'm unconvinced by the homeware stores and would like to see more online Euro revenue (weak sterling should be a major driver here). Also a better organised and less sprawling annual report would be nice. Of course this was all true 6 months ago too but sentiment towards domestic revenue earners has been hugely bearish, especially from foreigners. Quite a lot of UK companies, including Next, look like bargains, especially if you're looking at them through ultra-strong Dollar tinted glasses with the prospect of tariffs on your domestic retailers. They probably will be hard to resist for some as the US slows down. I'm not going to guess at prices but it seems like a fairly safe buy at this level.
Stock all imported and having to be paid for with a trashed currency courtesy of brexit....recession in uk only likely to increase internet buying and UK high St looking pretty sick, Next too much bricks snd mortar exposure, think these have had their day, unless sterling recovers this is back to 3800 ish.
Https:// No Black Friday. Please do your own research...
Marks and Spencer Christmas 2018 advert Https:// Please do your own research.
MKS AI Https:// Please do your own research.
MKS AI Https:// Please do your own research.
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.
Think it would be better to leave non next specific to other threads maybe?
I agree about Next but I wouldn't rush to dismiss the experts as Gove told us to. Experts sometimes know what they are taking about. Especially when the they work in the industries affected. I don't regard Osborne as an expert. As for the others you refer to, how expert are they really? Or how much were attempts at manipulation? What I do know is that the motor, food and transport industries ain't exaggerating much about the effects that losing the Just in Time system will have on them. I also know that the fintech industry is unhappy about Brexit and Dublin has been deluged by applications for office space from City financial institutions. I don't think that our present generation of politicians are up to much. My personal opinion is that Brexit is not a good idea and, regardless what might happen if we eventually reach the sunny heights we've been promised, in the short term things could get a tad miserable. I'm keeping most of what I've got in cash until I see how things pan out.
I would have been happy if they'd all just said we dont know and argued on some other basis. Applies to both sides. Producing figures is just disingenuous. As said above, nice to know we're going to be ok invested here.
as per the EU referendum, the project fear experts, osborne, IMF, OECD et al... and also the many who said it would be a disaster if we didnt join the euro.
arnold arnold
Some companies may do OK in a no deal situation, but that doesn't mean all will! Writing off the vast majority of reputable economists, heads of the major car producers, the CBI etc etc as liars on the basis of what one or two CEOs of small companies say seems more than a little rash!
11:18 This company has always struck me as the most open and honest of any i have ever held. Sad to see the lies being peddled and the effect they have had on many of the other shares in my portfolio.
Chairman just spends £250 k on shares ... a vote of confidence.
Very pleased with results today and outlook improving as hoped. Brexit basically making no difference, even with a no deal Brexit is nice to read.
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