Next Live Discussion

Ripley94 15 Oct 2019

Any thoughts on current price direction? NXT… XXXXX Low on cash noticed this has done well lately sold 50% of holding . Set limit at previous high 6790p lifted on way to 6948p . ( missed just over 2% ) Pleased to get funds though

Gamesinvestor1 14 Feb 2019

NXT v MKS Which would you select? [link] Games

NewBill1703 13 Jan 2019

Good set of results amongst many disasters Gamesinvestor1: Games - maybe this will turn out to be a bargain in a normal market – if there is such a thing. Maybe, Games, maybe. No doubt it is a well-run business, with a deserved “premium” reputation among investors. But it still faces many of the same challenges that others do, and as always, past performance (in any aspect) is no indication of future, etc, etc. I am entirely confident we will see a “normal market” in due course, in line with the inviolable rules of mean reversion (just don’t know when!), but it could be that it’ll be proved that there are quite a few bigger bargains out there currently?

Gamesinvestor1 04 Jan 2019

Wolfson Some interesting ideas :- Attention to detail in retail important, so perhaps that explains how Next stays ahead of the pack. Many CEOs talk about all manner of nebulous reasons for their performance, but Next boss Simon Wolfson prefers numbers, logic and reason. Examples of this appear in Next’s public reports — the good description of when Next buys back shares, and the long-term feasibiity of physical stores. Not many CEOs would talk about such serious questions so openly. “He’s really interested in the business side of business, the numbers, the rates of return,” said one person who has worked with him. “Money is not the driving thing in his life — and there is little desire for glamour.” He dislikes the limelight, and often refuses interviews. His evidence-based approach was often incompatible with the reality of politics, an area where the Tory peer was once tipped for great things. One road-building proposal prompted the commentator Quentin Letts to describe him as “a Thatcherite egghead.” He donated to the 2005 leadership campaign of David Cameron, who ennobled him in 2010, and his wife was a member of former chancellor George Osborne’s staff. John Redwood, the Conservative MP who worked with him on a policy documents in 2007, said Lord Wolfson was uninterested in a political career. “I think he may have looked at the choice between being a junior minister in the Lords and the head of Next, and concluded that he was better off where he was,” said Sir John. A supporter of lower taxes and lighter regulation, he opposed the minimum wage, dislikes the UK’s planning system and is better known these days for his advocacy of Brexit. Here too, his approach is that of the liberal pragmatist. He argued in favour of Theresa May’s withdrawal agreement, saying that while it was imperfect, both sides “need to listen to reason and compromise a little”. Born into a retail dynasty synonymous with Great Universal Stores — a grand conglomerate in which the Wolfson family held a sizeable stake before it was finally broken up in the early noughties — he was privately educated at Radley College near Oxford before reading law at Cambridge university. His own retail career almost ended before it really began. A short stint on the Next shop floor in Kensington was meant to be a precursor to a job in management consultancy. But David Jones, its then-CEO, had other ideas. In 1991, Mr Jones installed the “shy and intense” young man as an assistant in his office and by 1994 was telling associates that he had found his preferred successor. “He had that rare talent . . . of being able to analyse a problem and find a solution very quickly.” Cries of nepotism were inevitable when Mr Wolfson was promoted to board level in 1997. He was still only in his twenties, and his father David Wolfson — Lord Wolfson of Sunningdale — was chairman of Next at the time. Three years after Wolfson senior had moved back to GUS, Simon was appointed CEO at the age of 33, becoming the youngest person to run a UK blue-chip company. His 18-year tenure in the job is now second only to Bronek Masojada’s 19 years at the helm of Hiscox, although unlike Next, the insurer has not been a FTSE 100 constituent throughout. The total return from Next shares since his appointment has been 775 per cent, thrashing that of the FTSE 100, the retail sector and key rivals such as Marks and Spencer. Although there have been hiccups, such as the range errors that made for a poor 2017, the basics of selling mid-priced fashion to thirtysomethings have generally been executed “ruthlessly well,” in the words of one former senior colleague. “He is not controlling, but has enough command of the detail to understand the grass roots of the stores.” Next’s head office, a campus just off a motorway near Leicester, is miles from the rag trade’s traditional heartland behind London’s Oxford Street, and some think this facilitates its strong focus. Recommended Lex Next/UK retail: fun Guise to be with Strategic decisions are typically opportune. Next balanced investment in the business with returns to shareholders. It kept its store estate flexible. It quickly realised it needed to shift its catalogue business online. The company now makes more than half its sales online, against less than a fifth at rivals such as M&S and Debenhams, which helped it outstrip expectations with this week’s Christmas trading update. He also continued the family tradition of philanthropy; the Wolfson Prize is the second-biggest economics award in the world after the Nobel. “He is this slightly Victorian liberal philanthropist figure, who sees the power of improving things through the application of reason, logic and market forces,” said Julian Glover, who worked him on the prize while at think-tank Policy Exchange. “He is ever the rationalist.”

Gamesinvestor1 04 Jan 2019

Roney ups his stake 03-Jan-19 Next NXT Roney,Michael J 1,720 @ 43.59p £74,968.97 03-Jan-19 Next NXT Roney,Michael J 1,857 @ 43.61p £80,989.79 Games

Gamesinvestor1 03 Jan 2019

Good set of results amongst many disasters [link] “”""“It said that while total full price sales were in line with its expectations, online sales including interest income were £17m - or 2.2% - ahead of its expectations, and retail sales were £16m - or 1.7% - below.”""" Considering all the doomsters were reporting a big decline in retail sales again, this looks like a stable position. Games - maybe this will turn out to be a bargain in a normal market – if there is such a thing.

Gamesinvestor1 02 Dec 2018

Bought In Back in at 4915 Games

Gamesinvestor1 30 Nov 2018

Profit Guidance For the full year it’s guiding towards : 3% growth in full price sales compared to 2017/18 Group profit of 727 or 0.1% increase on last year - flat to all intents Third quarter online sales were up 12.7% and shop sales down 8% (not great). Total full price sales for Q3 up 1.3% and for year 3.1% so sales slowing up here. Still – there doesn’t appear to be a cliff edge, so no reason to believe the standard yield around 3+% won’t be topped up with another special in 2019, unless the share price stays below 49XX in which case I guess they’ll buy back more shares. Mind you 2019 is a loong time in retail. Games

Gamesinvestor1 30 Nov 2018

Looks like another cloggering of the share price Bought back in just now. Games – Total guesswork on this but it’s been beaten up a lot in the last 2 days.

steve2 06 Jul 2018

Next - what happened or why the volativity Just dropped £2-3, any thoughts?

contrarianstyle 06 Jun 2018

£60 quiet board but Next grinding higher and hit £60 today.This was always my target when I bought at £37-£45/share. now I`m not sure what to do...the buybacks continue, dividend to come and potentially high street could improve into the 2nd half but is this already priced in....

Rhigos 11 May 2018

Re: What a nice surprise Bowman, "- thinking my trade would have been closed at the limit I had set. "Limit prices not guaranteed unless you pay extra for that option. Your limit order would probably have been met shortly after 080 when market opened. It can of course work to your disadvantage as well if SP opens sharply lower, which could be a lot lower than your stop loss limit price for a long order, or higher open for a short position. Same applies to buying and selling shares using limit orders. When trading shares I very seldom do immediate ones at market price, preferring to do limit order trades. Saves having to be in front of PC at 8 AM as well.

Bowman 10 May 2018

What a nice surprise I had a small CFD position where I have been moving my limit price up over the past week. Last night I moved it to 5320; it was already in profit but I thought I would try to get a little more, and not expecting dramatic moves.This morning I saw that the trade had been closed and then looked at where the SP was. At the time it was just over 5700, so I thought "Damm" thinking my trade would have been closed at the limit I had set. I was very pleasantly surprised this afternoon when I actually checked the trade details to find it had been closed at 5570, and extra 250 points.

II Editor 04 May 2018

NEW ARTICLE: 16 shares for the future "Every five weeks I publish the results from my Decision Engine, which ranks the shares I follow and helps me decide which are the best long-term investments.Here's the list, most attractive at the top, least attractive down below:Source: ..."[link]

Dot Waudby 15 Apr 2018

Re: Online ordering How dare you presume re IT skills. I am nearly 78 years old and worked for the NHS for approx 40 years, 30 years of which were spent ordering items at the best price possible. prices, we dealt in millions and a piddling little order from next was impossible to place As I said I immediately ordered from M&S no problem.