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
  -232.00 -4.61% 4,798.00 260,665 16:35:21
Bid Price Offer Price High Price Low Price Open Price
4,808.00 4,809.00 5,004.00 4,801.00 4,960.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 3,997.50 748.50 472.40 10.2 6,379
Last Trade Time Trade Type Trade Size Trade Price Currency
17:22:34 O 3 4,879.099 GBX

Next (NXT) Latest News (5)

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Date Time Title Posts
28/6/202006:05*** NEXT *** 858
21/3/201906:50Next Full Year Results 21.03.19 Preview1
25/9/201811:12Next plc (NXT) One to Watch -
22/3/201714:25WHAT NEXT ? LONG OR SHORT5,276
17/4/201505:31NXT recovery-

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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 5,030p.
Next Plc has a 4 week average price of 4,704p and a 12 week average price of 4,232p.
The 1 year high share price is 7,358p while the 1 year low share price is currently 3,311p.
There are currently 132,949,276 shares in issue and the average daily traded volume is 365,095 shares. The market capitalisation of Next Plc is £6,378,906,262.48.
spob: The share price of most companies is irrelevant at the moment they are being tossed around like a rag doll in a dogs mouth the share price just reflects the ebb and flow of irrational fear in the markets the kind of fear people feel when they start thinking that a temporary new situation is going to last forever no point trying to evaluate the share price right now need to try and judge when fear has reached its peak I have no position in Next at the moment
alex1621: The results were decent, and good compared to most high street retailers. It wouldn't take much to return the share price to £80, and when the dust settles on Brexit and the clear out of established retailers that are struggling, Next will be in a good position to take advantage. I recall the share price was below £9 at the bottom of the financial crisis, but as soon as consumer sentiment turned round they rebounded quickly. You could go back in Next's history and see a similar pattern ... it's the best managed retailer on the high street.
spob: Next shares rise despite profit outlook downgrade Fashion retailer’s Christmas trading gives hope to stressed High Street Jonathan Eley FT Fashion retailer Next kicked off the festive reporting season with a small downgrade to its full-year profit outlook and a forecast of slight reduction in profit next year, but avoided a heftier cut to earnings expectations. The company, traditionally the first to report on Christmas trading, said full-price sales from October 28 to December 29 were up 1.5 per cent, in line with its previous guidance. It confirmed the view of others that November sales were disappointing, but said the October half-term had been strong, as were the weeks leading up to Christmas. The sales increase included a contribution from new store space and from finance income. The reduction in Next’s guidance for full-year profit — from £727m to £723m — was a result of lower margins on beauty products in the run-up to Christmas, plus the higher cost associated with fulfilling online orders. Over half the group’s sales are now made online. Next’s new guidance was a less drastic reduction than some in the market had feared, lifting its shares by as much as 7 per cent and lending a helping hand to the share prices of rivals Marks and Spencer and Primark-owner Associated British Foods. Berenberg analyst Michelle Wilson, who recommends selling the shares, said that while the update was better than feared, the drop in store sales was worse than consensus forecasts. “The drag from negative like-for-likes means Next will continue to report profit declines, even if it can generate revenue growth,” she said in a note to clients. Sales in the group’s 540 stores were down 9.2 per cent, but this was offset by a 15 per cent gain in online sales. Store sales have been falling for several years, but the group has previously said all its stores are still profitable and cash-generative. Ms Wilson added that the rate of decline in store sales had negative implications for more store-focused retailers such as Marks and Spencer, which is due to update investors on January 10. However, Liberum analysts described the overall increase as “a very admirable result,” and said the shares looked too cheap. They upgraded their recommendation to buy with a £61 share price target. Next shares ended 2018 down 10 per cent, mostly because of a steep sell-off in the last two months of the year. That followed comments from Sports Direct founder Mike Ashley about a challenging retail environment, and a profit warning from online fashion retailer Asos. The profit outlook is still a disappointment compared to last year. This time in 2018, the group raised its profit guidance for the year, helped by cold weather in the run-up to Christmas. If the forecast £723m of profit is achieved, it will be broadly flat compared with last year, though earnings per share will be higher because of share buybacks. For the year to January 2019, the company said it expected group profit to be £715m, though it cautioned that this forecast comes with a high degree of uncertainty, not least because of Brexit. It could spend up to £300m on share buybacks, which would increase earnings per share by around 3.6 per cent. Analyst consensus had been for full-year group profit of £725m.
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.
Next share price data is direct from the London Stock Exchange
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