SumTingsWong
01 Mar 2017
Some Things Wrong where is everybody, yesterday they were all here sharing their disappointment, today they no share the price rise with me.Mr Wong very confuse.A confused Mr Wong
SumTingsWong
01 Mar 2017
Re: Out Fred, 3D, Allgone, SumTing etc,---------- ---------- ---------I sorry Mr Eadwig, I think you confuse me with another, my name Mr Wong but you can call me Sum Ting, that my courtesy name, Master Yap name me so.You ask me why I choose Next, Master Yap he tell me to buy, i very please with his decision so far, he also tell me buy Dow Jone today and I am so far very happy.Mr Wong
Eadwig
01 Mar 2017
Re: Out Fred, 3D, Allgone, SumTing etc,Credit where credit is due. A nice trade, 5% in 24 hours would suit any of us I suspect, especially if we could do it repeatedly.What was the catalyst to suddenly (apparently) put NXT in your sights?
gamesinvestor
01 Mar 2017
Re: Out "hopefully the experts on here are right"Fred - I would be careful about putting much store in the word "expert".As far as economics, finance and forecasting are concerned - I doubt one exists.Good luck with the sale and buy back strategyGames
SumTingsWong
01 Mar 2017
Out for a 160 point profit or 5% since yesterday.I will now wait and see what happens to the SP over the coming weeks before re entering, hopefully the experts on here are right and I will be able to buy back much lower than where I sold out today.Mr Wong, he still love next loooooong time
Eadwig
01 Mar 2017
Re: Personal Experience Not Great Doug, "delivery time 3-4 weeks - this is abysmal. "Same experience just before I left the UK - except delivery time was 5-6 weeks (presumably I was shopping online a couple of weeks before you).. Why put next season's offerings online as though they are ready for sale now? Browsing their online site before going to the shop itself was also a mistake (even after checking the item was currently on sale), more than half of what I wanted (what Ms. Eadwig wanted to be more precise) wasn't available in the store in the centre of town. I had to travel to an out of town mall, and still couldn't get everything. One item in particular that had been stressed I MUST buy, I asked about when I couldn't find it. I was directed to try the store in town because the computer system said they had two in stock there. I know they didn't because I'd just come from there.Now, go back and read my experiences from last January (when I made the mistake of buying on the drop following the first profit warning). Essentially the same post - I should have followed my instincts about customer service then rather than the size of bill Ms. Eadwig runs up at Next on every visit to the UK.They have to get the online offering right and ultimately start reducing stores, especially if they aren't stocking them fully.Still fumbling about after a year with the only obvious improvement that you now get told it isn't available at the online checkout, rather than on the delivery note. It still leaves the customer with a deep sense of frustration, even if they can now choose to buy something else instead before completing the order. Next should get salesforce.com in and pay them to integrate the whole business - while they still have one left, is my advice. I believe I've said it before.Retail has plenty of headwinds as it is, handicapping yourself before you even start is a recipe for true disaster.
Eadwig
01 Mar 2017
Re: UK Consumer Bill, "there HAS been more disposable income around, overall... full employment, lower housing costs, lower fuel costs"You're not buying that '5% unemployed is full employment' argument are you?When did it change from when full employment was considered about 2% - and that back in the day when many more unemployed people were counted in the stats?I can accept it is genuinely higher now because jobs (and careers) turn over much faster. But 5%? I really can't get behind that without some justification. Although I hear more and more commentators suggesting it is the case, I've never heard an argument made for why.
Eadwig
01 Mar 2017
Re: UK Consumer Games, "is the UK consumer better off and has decided to buy throw away clobber and spend the rest on iPhones at £700 a pop?"Basically, yes. Clothes are historically cheap and once were the major thing in life for many people of a certain age with disposable income. I'm sure you don't need me to tell you that the priority has changed. Clothes are still important for that age group, but their mobile is the thing they list in survey after survey that they can least do without. It isn't just the phone, of course, its the on-going cost of using it and upgrading it too.All put in front of fashion spend. Hmm. No it isn't. It IS fashion spend, lets be clear about it.
SumTingsWong
01 Mar 2017
F.A.O Bill G morning to you Bill, being as you seem to know your onions, do you care to share an opinion on as to why the near 4% rise this morning?At least Uncle Doug and Kool Keith will be happier that their investment shares are today worth more.Thanks in advanceMr Wong
SumTingsWong
01 Mar 2017
So glad I bought yesterday as somehow I think the uptrend is back in play, I blame Doug and his negativity, it probably bought the Next fan club out in force lol.PT 4300Mr Wong love Next looooong time
SumTingsWong
28 Feb 2017
Re: Anyone The shop was a big one and had more staff than customers at what should have been a peak time. I'm a shareholder so don't accuse me of de-ramping - just giving an opinion, a worried opinion. All grist to the mill m8 - sorry if you don't like it.========== ========== ======Sounds like your having a mare of a time with Next Doug, might be best you sell up and buy back cheaper, I personally would never hold a stock I wasn't happy with.I winder when the Divi hunters will show up?Mr Wong he love Next loooong time
Bill1703
28 Feb 2017
Re: UK Consumer "I dumped my property stocks some time back. I'd sell the house if the wife would let me!!"Yes, Games, to actually call UK property a SELL has been a mug's game historically, but I still think the medium-term outlook is underwhelming (and I am pretty 'overweight' UK property).The main argument of the Bulls - supply and demand - is a red herring IMHO. For the reason that most UK property 'buyers' do not actually buy property, they rent it from the bank (at least in large part). So it's really all about the supply and demand of finance, not bricks... and when interest rates begin their inexorable trend upwards..."I looked at PET and BON you listed earlier out of interest, but decided they are not for me... There is a PET store on the edge of town and next door to it is a Poundstretcher with two whole rows of pet items which are pretty similar but half the price... "Yes, and crucially, they are currently merely two of the wider group of UK retail 'opportunities' offering mostly similar profiles - optically undemanding valuations after SP declines (at least relative to history and the wider market), decent (or better) well-covered dividend yields, very good FCF generation (but for how long?) and even special dividends or similar in some cases (again, for how long is less clear).PETS wouldn't be too high up my list - not clearly cheap vs peers, and an offering probably insufficiently differentiated to protect it from discounter and/or online competition (as you infer). I see it as a close comparator to CARD, for various reasons (maturity profile, size, category specialisation, etc) but the latter has a much more attractive business model and roll-out story (IMHO) at more or less the same valuation.BON I do own, but a pretty small and consciously speculative holding. It is stand-out 'distressed' cheap, even relative to a 'cheap' sector, yet the immediate outlook looks somewhat less gloomy. But hardly a 'quality' long term investment...As I said, UK retail is definitely interesting to any patient value-orientated investor - and I note that an increasing number of professional managers are emerging to say so in recent times. But not without risks of course - there will be winners and losers (and not just Amazon in the former camp), but harder to tell one from the other in the near term... I am content enough to play this story via M&S and CARD, with a bit of BON as a punt... NXT would probably be first off the bench for me (not sure whether £30 or £50 is the more likely next stop). Plus I have my food retailers (MRW and SBRY) - but that is a different story! "Whitbread is on my radar scope as well, I just feel concerned about the sheer number of coffee shops on the high street these days."WTB is not quite in the retail envelope, albeit with some shared characteristics. Could be that Costa's upside potential lies mostly abroad - though I do see them squeezing smaller operators out of the high street, as long as the brand reputation remains high, with clear economies of scale counteracting any downward pressure on margins. But then - as LKH might say - WTFDIK...
gamesinvestor
28 Feb 2017
Re: UK Consumer "But that could quickly reverse now"Bill - That's the problem isn't it - many people buying property in particular think it's a one way bet.I don't think many are prepared for the scale of the possible change.In the old days when you bought a house and interest rates were between 5-10%, a 1% jump was a 20% or 10% increase in payments.You could be looking at doubling or more if interest rates return even only to half the historic rate from these rigged low levels.I dumped my property stocks some time back. I'd sell the house if the wife would let me!!""people spending less on "stuff" and more on "experiences".""Well I do have some Disney stock - not that it's a very big holding at 0.65% of my wad. It's done pretty well since I bought it - should have bought more - hindsight eh!!I looked at PET and BON you listed earlier out of interest, but decided they are not for me. Next has some appeal, but I get the nagging feeling this is going to £30 and beyond may be.There is a PET store on the edge of town and next door to it is a Poundstretcher with two whole rows of pet items which are pretty similar but half the price. Bon - I just glanced at it.Games - Whitbread is on my radar scope as well, I just feel concerned about the sheer number of coffee shops on the high street these days.
Kool Keith
28 Feb 2017
Re: Personal Experience Not Great Uncle Doug, I've just checked with the Mrs who has an on-line account with Next and constantly uses them, said the 3-4 weeks is happening more and more and is getting frustrating. So it does seem to be a common lead time.I've noticed myself that when she buys certain items in the big on-line VIP sale(s) even some of the sale items takes weeks if not months to arrive!Surely these 'sale' items are in stock hence why in the sale, to make way for new stock?Not a shareholder Next, but constantly paying her next account off via gift cards from Morrison's, paid on MKS c.c. got to work the points system.
Uncle Doug
28 Feb 2017
Re: Anyone Mr WongIf you read my personal experience was not confined to online. I wanted a basic suit (£80ish) and 2 pairs trousers for my 6th form son and they didn't have anything decent in a 38Regular 32 leg which is a pretty standard body size. The shop was a big one and had more staff than customers at what should have been a peak time. I'm a shareholder so don't accuse me of de-ramping - just giving an opinion, a worried opinion. All grist to the mill m8 - sorry if you don't like it.
