Andy46
14 Apr 2018
Re: Online ordering Never had an issue with online ordering myself. Perhaps your IT skills aren't up to much?
Dot Waudby
30 Mar 2018
Re: Online ordering Thanks for the reply.
gamesinvestor
29 Mar 2018
Re: Online ordering "hopeless either address not correct (been here for 24 years) or postcode incorrect etc etc etc. "Interesting, it reinforces my decision to sell - are others having the same problems online with Next?Wolfson is good at writing clear annual reports, perhaps he should spend more time with his web developers and try ordering stuff himself to see what's wrong with the processes.Games
Dot Waudby
29 Mar 2018
Online ordering Its a wonder that this company sell anything. I have been 10 minutes trying to order 5 t shirts, hopeless either address not correct (been here for 24 years) or postcode incorrect etc etc etc. I have given up, stick with M & S!
gamesinvestor
26 Mar 2018
Re: Managed Decline "But in that context, a bit churlish to cry "no mention" of special divis, Games? "I missed it in my speed read of the text - yes it's all very well laid out and I think the reason I'm mentioning managed decline rather than cyclical decline is perhaps the old dangerous words "it's different this time".But perhaps different in the sense negative rather than bullish -- Next has been a wonderful player and it seemed to perform well online, but the retail space is still enormous and those big stores look like expensive glacial palaces to me and there are few wandering around inside from my few recent experiences.I took the 25% ish gain with all the divis and what have you over 9 months and I'm out for now. £40 I might reenter but as you point out Bill - there are so many other valuable companies coming up ever cheaper.I'm now 36% in Cash and not too unhappy about that. The other 74% could have benefited from being the same, but you can't have it all ways.Games
Bill1703
24 Mar 2018
Re: Managed Decline "Hard to know what to make of this and my last visit to a Next shop seemed analogous to a ghost town.... Dividend is flat - no increase -- no mention of special divis... What to do - sitting on a 20% gain - tempted to take it today."I have a lot of time for NXT management - albeit pretty much all down to his Lordship, I suspect. And having now been through the statement in detail, you have to credit (once again) the best-in-class disclosure and reporting - insightful, transparent and candid as ever. I think any investor anywhere in UK Retail - probably elsewhere too - should be reading this, particularly the analysis and breakdown of the various risks and challenges, both cyclical and structural, facing NXT, the whole retail sector and much of the UK economy in general.But in that context, a bit churlish to cry "no mention" of special divis, Games? And fundamentally incorrect - they're very clear on specials, you are going to get none, this year at least... but there will be another £275m in buy-backs. As things stand, anyway - forecasts, and policy, will doubtless be subject to change as the year progresses.As to what to do with your shares... you can argue for some kind of premium for management here, and you'd back them to do at least as well as any other player in negotiating the various challenges. But as they admit themselves, most of the pressures they face are external in nature, and I would never push the "premium sector play" argument too far. I don't think NXT is any worse than "fair value" around £50 (as I've opined before), but they are still "expensive" (maybe, less cheap) relative to a number of peers, at least some of which have advantages and/or qualities not enjoyed by NXT. I don't see too much risk in holding on here, but there are quite a few I'd be buying before them.
Jack_Walsh
23 Mar 2018
Re: NEW ARTICLE: Next shares rally despite t... Not very confident in the people who write these articles. A quick tap on a calculator would tell you that the yield is not 3.9%.
II Editor
23 Mar 2018
NEW ARTICLE: Next shares rally despite toughest time "These are tough times for LSE:NXT:Next and there are some unfortunate echoes from the same statement last year.The repetition of errors, stock mismanagement and a continued move away from clothing spending by consumers have been compounded by a ..."[link]
Jack_Walsh
23 Mar 2018
Re: Managed Decline With an EPS of £4.16, Next is trading on a p/e of 12.I think it's likely that the EPS can be maintained at this level, either by growing the online offering or by share buybacks - or most likely a combination of the two.Should things pick up, either cyclically or as a result of a better service/product offering, then things should be set pretty fair.
Jack_Walsh
23 Mar 2018
Re: Managed Decline I was interested in the comments about this being a cyclical decline - which will recover in time.
gamesinvestor
23 Mar 2018
Managed Decline [link] seem to suggest that, yet ironically they increased floor space despite a 7-8% drop in retail sales offset by online growth.Hard to know what to make of this and my last visit to a Next shop seemed analogous to a ghost town.Dividend is flat - no increase -- no mention of special divis.What to do - sitting on a 20% gain - tempted to take it today.Games
gamesinvestor
23 Mar 2018
Quiet no comments on the results?Games
gamesinvestor
07 Mar 2018
New Look [link] stores to close out of 593 store estate - 980 jobs at risk.Games
nk1999
25 Jan 2018
RBC Cap "Retailer Next got a boost on Thursday as RBC Capital Markets upped its stance on the stock to ’outperform’ from ‘sector perform’ and hiked the price target to 5,500p from 4,800p.The bank said its proprietary entry price point pricing survey suggests Next has become more price competitive, in particular versus the likes of competitors M&S and Debenhams.In addition, RBC reckoned that recent strength in the pound against the dollar could lift Next’s gross margin earlier than peers.“Next typically hedges 9-12 months out in advance, shorter than M&S and Debenhams, who hedge 12-18 months out in advance; as such Next should realise its margin benefit a quarter earlier,” said RBC, noting that Next sources around 70% of its cost of goods sold in US dollars.“All else being equal, we estimate Next could see a theoretical 130-300 basis points of gross margin tailwind from FX for FY19/20E. We believe some of this margin gain will be offset by higher cotton costs, mix dilution, as well as the need to invest in its product and online propositions, but we now believe Next can sustain its margins rather than seeing a decline.”(From ADVFN)
gamesinvestor
14 Jan 2018
Re: Analysis by Phil Oakley R -- It's a point that also concerns me, however, it's amazing how many people are oblivious to the financial aspects of their purchasing methods.Martin Lewis is very visible and doing his best to educate people - and the shows can be construed as mildly entertaining if watched "IN FULL", but there is a world of difference between people watching a program and actually doing something about it.Without being derogatory I'm assuming that once everyone has finished laughing at the antics on the show, they make a cup of tea and then switch to Coronation Street or Emmerdale.Still I'm also curious as to what constitutes a good price for Next -- I entered at £40.6 so am sitting on a 25% gain or thereabouts + a whole raft of dividends which takes that number far higher (can't be arxed to calculate it).When do we say syonara, or is it that Next will maintain a respectable credit card margin business, manage the costs of a declining stores business at each lease renewal and continue to grow the online stuff?Games -- Can they keep the high margins is the other key question of course!!
