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 Shares Traded Last Trade
  -22.00p -0.42% 5,162.00p 339,209 16:35:12
Bid Price Offer Price High Price Low Price Open Price
5,154.00p 5,158.00p 5,242.00p 5,148.00p 5,158.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 4,055.50 726.10 416.70 12.4 7,210.6

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Date Time Title Posts
15/11/201813:39*** NEXT *** 675
25/9/201810:12Next plc (NXT) One to Watch -
22/3/201714:25WHAT NEXT ? LONG OR SHORT5,276
17/4/201504:31NXT recovery-
30/10/201413:06TipTV: Next PLC major change from gap down1

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Next (NXT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-11-19 18:45:065,172.4326913,913.84O
2018-11-19 18:45:045,162.711,58881,983.76O
2018-11-19 18:45:045,162.711,11257,409.29O
2018-11-19 18:28:315,164.1497750,453.60O
2018-11-19 18:28:235,162.7110,814558,294.92O
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Next Daily Update: Next Plc is listed in the General Retailers sector of the London Stock Exchange with ticker NXT. The last closing price for Next was 5,184p.
Next Plc has a 4 week average price of 4,992p and a 12 week average price of 4,992p.
The 1 year high share price is 6,224p while the 1 year low share price is currently 4,187p.
There are currently 139,685,453 shares in issue and the average daily traded volume is 631,103 shares. The market capitalisation of Next Plc is £7,210,563,083.86.
blusteradjuster: They’re securing rent reductions averaging 27-28% on expired leases. Online is, I believe, more than 50% of sales and growing faster than high-street is shrinking. That’s why their share price has risen while DEB’s collapses..
spob: Full Price Sales and Profit Guidance for the Current Year Better than expected full price sales means that we are marginally upgrading our profit guidance. Our central guidance for Group profit increases by £8m to £725m and our profit guidance range is now £718m to £732m. Where we fall within this range will depend on our sales in January. OUTLOOK FOR SALES, PROFIT, CASH FLOW AND EPS IN THE YEAR AHEAD Sales Many of the challenges we faced last year look set to continue into the year ahead. Subdued consumer demand driven by a decline in real income, the increase in experiential spending at the expense of clothing, and inflation in our cost prices remain challenges for 2018. However, we believe that some of these headwinds will ease as we move through the year; we already know that cost price inflation will reduce to 2% in the first half and believe it will disappear in the second half. We are budgeting for full price sales next year to grow by between -2% and +4%. The mid-point of +1% represents a modest improvement on this year's anticipated growth of +0.3%. Profit It is very early to be issuing profit guidance for the year ahead, but if sales do grow at +1% we estimate that Group profit would be around £705m. This is marginally down on the current year as we expect operational costs to continue to grow faster than sales. Cash Flow and EPS We estimate that at our central guidance of £705m Group profit we will generate around £300m of surplus cash. Surplus cash is cash flow after capital expenditure, interest, tax and ordinary dividends but before financing any increase in Directory debtors (which we would fund through long-term bonds and bank facilities). It is our intention to distribute this surplus cash to shareholders by way of share buybacks, subject to market conditions. As at 1 January's share price of £45.25 a £300m buyback would retire 4.7% of the Company's share capital and on a full year basis boost Earnings Per Share by a similar amount. We will see some of this enhancement in the year ahead and at our central guidance, Earnings Per Share would move forward by +1.1%.
smicker: Of the £310m of surplus cash that we expect to generate, we have stated our intention to pay out £257m by way of four special dividends of 45p per share. Two of these dividends have been paid in the year to date and a third has been declared and will be paid to eligible shareholders on 1 November 2017. As can be seen in the table below, it is likely that we will be left with £53m of surplus cash at the end of the year. We now intend to distribute this to shareholders by way of share buybacks, subject to the prevailing share price and market conditions. Seems clear there are 4 special divs costing 257m leaving 53m for buyback
barvin: What the hell is going on with the share price today?
muffinhead: htTp:// ok so shareprice is probably up with events I've never understood the value in Nxt share price so have stayed away. Seems to me a circa 20% pre tax profit margin in retail should be unsustainable when every company now has an online presence and debt availability is widespread. When the rot sets in, the free cash flow goes south quickly. Valuing a share on free cash flow is not the only way!! Fibonacci retracement levels show significant price changes...will the 61.8% Brexit level hold? Maybe there is a bounce this week to test the 50% Fib level gap... 10% bounce would get everyone taking about recovery and stop posting negative stuff Longer trend probably stays down free stock charts from
walbrock82: From a historical perspective, NEXT has a lot of competitive advantages. These are: 1. Earning 20% in operating margins and has never fallen below 10% in 18 years. They beat BOOHOO and ASOS of which its margins are between 4% and 7%, respectively. And beat luxury retailer Burberry’s 17% margins. All three businesses have higher P/S and P/E numbers than NEXT! 2. Okay, I grant that ASOS and BOOHOO are growing faster, but regarding the PEG ratio, NEXT is lower on 0.61, compared with BOOHOO’s 0.93 and ASOS’s 5.04. 3. Don’t over worry about Debt to Equity of 300%+ because NEXT can pay off its debts in two years because free cash flow of circa. £450m would cover £900m of total debt in two years, provided NEXT can continue to produce those numbers! 4. NEXT PLC online division is earning 25% net margin helped by interest income fees from their credit card services, which accounts for 50% of online earnings and 33% of total group earnings. 5. NEXT PLC has done so much share buyback (bought back 65% of all total share issue since 1999) that a new share price low is equivalent to double that of its 2008’s share price low. 6. Unlike some businesses, NEXT has to deliver the goods to justify its valuation where the EPS doubled from £2.21/share in 2011 to £4.42/share in 2016. For the not so positive things about NEXT PLC. NEXT’s management is right to be realistic (whether this reflect an optimism or a pessimistic view), this relate to the rise in input costs of 5% or specifically £29m from A. National Living Wage; B. Energy taxes; C. Wage Inflation; D. Website improvements. Other adverse points of NEXT PLC are: 1. NEXT PLC’s consistently record NEGATIVE like-for-like sales but still manage to earn extraordinary operating margins. 2. This leads to the company’s retail division reporting declining revenue per SQ. Ft. from £1,000 to £650, while tripling in sizes. 3. Despite the large dividends give away, the company cash balance is under £70m, therefore NEXT need to churn out exceptional results year after year. Where are we now On a historical valuation basis, NEXT looks undervalue from the latest financial numbers. Future results for 2017 and especially 2018 will see if this market is right to justify today’s valuation. To read more of this analysis, the full post here:
careful: One of the business sections in the press discussed this. Apparently Wolfson had some complex criteria for buying back shares that are not now being met. Seems odd that he should buy back at the higher price and not now after a share price collapse. Instead he intends to return surplus cash to shareholders. Normally this would make NXT shares more attractive. But his statement and guidance was very gloomy. That is the problem I think. I have been in this game long enough to question his motives. What is he up to. The statement seemed designed to lower the share price.
lauders: 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.
careful: Never understood why Wolfson bought back shares at the higher prices in the past. It supported the share price making it artificially high but is bad for the business. ... but if executive bonuses were linked to the share price then that is a possible explanation.
tlobs2: This is the second time he has issued a gloomy statements that has seen the share price plummet. Maybe he just likes being the hero when he turns it around ;-) That said for a 1% fall in turnover and similar profits to those previously predicted then the drop in share price is crazy.
Next share price data is direct from the London Stock Exchange
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