lastminute-world
05 Nov 2017
Short updata [link] do your own research.
gamesinvestor
01 Nov 2017
Re: NEW ARTICLE: Next clueless as shares... ""Is it time for Next to change the Team?"""I suspect not. The reality is the toughness of the market and the presence (or lack thereof) of shoppers in physical shops rather than sat in front of a laptop.It is surprising that they have opened some larger stores, but perhaps they see a resurgent high street / mall shopper at some point.At least the online growth is pretty respectable and it's still making a lot of money -- just less than it was.The shares are surely still cheap, because the share community thinks all the high street is going to close tomorrow -- when it's probably a little over dramatised.Games -- just added some today at 4443
stutes
01 Nov 2017
Re: NEW ARTICLE: Next clueless as shares cra... Is it time for Next to change the Team?
II Editor
01 Nov 2017
NEW ARTICLE: Next clueless as shares crash "The storm clouds gathered over a host of high street retail stocks Wednesday following LSE:NXT:Next's warning that recent sales trends have been "extremely volatile".With Next regarded as a bellwether for UK fashion, jittery investors needed no ..."[link]
gamesinvestor
01 Nov 2017
Re: Trading update "So.... no wider correction any time soon, then??"Couldn't possibly say becaus rationality plays no part in emotions.However, it does appear that the market is correcting each stock individually as they announce results and people wander off in a pique of panic.Games -- Just about to add a few more Next
Bill1703
01 Nov 2017
Re: Trading update "Can't see any horror stories here, as usual the report is refreshingly candid. They announced another 45p special dividend for January... They also tightened the range for Q4 forecast, as I guess they already have some better visibility."Yes, Games, can't see pretty much anything of significance here, that might rationally change anyone's outlook - yet the stock is down 6-7%?! We already knew about the latest 45p special though... and the ongoing buy-backs with the residual "excess" free cash flow, over and above.It is the way of this market, increasingly - perfectly reasonable figures and/or outlook, and your shares are market down 6%, 7%, maybe more... it's getting to the stage where, if any of your stocks come out with figures or a trading update and the SP is only hit 3-4%, you are doing cartwheels in the kitchen!Still, you can read this trend as good news, perhaps.... it is the exact opposite of the glass-half-full excessive and accelerating exuberance which often precedes a market crash. So.... no wider correction any time soon, then??
gamesinvestor
01 Nov 2017
Trading update [link] see any horror stories here, as usual the report is refreshingly candid. They announced another 45p special dividend for January.They also tightened the range for Q4 forecast, as I guess they already have some better visibility.Games -- I expect the share price to do one of three things -- go up, go down, or stay the same -- there, wasn't that philosphical of me - eh?
Uncle Doug
19 Oct 2017
Re: Question Time Reminder - Wolfson on TV tonight.BTW 7% down from recent highs, juicy divvies coming soon, shorts reduced, share buyback in place and positive outlook make this (IMHO) a Strong Buy into 2018 at current price (4890p). I'm expecting £55 by end 2018.
Uncle Doug
13 Oct 2017
Question Time May be of interest to shareholders - think I heard David Dimbleby say Lord Wolfson's on Question Time next Thursday.
gamesinvestor
06 Oct 2017
September Sales [link] retailers have been treated to an Indian summer of sales with the high street enjoying its best September sales for five years, according to new figures from BDO.Like-for-like sales increased by 2.9pc last month, the best monthly high street sales figures since April 2014, as some department stores reported some shoppers were already buying early Christmas presents.Quick-off-the-mark festive shoppers were also credited with boosting online sales by 30.4pc, the biggest increase since January 2015.
II Editor
15 Sep 2017
NEW ARTICLE: Share of the week: A high-flying blue-chip "It's not been the best of weeks for UK-listed stocks, but there's been no shortage of impressive stock moves.The @GB:ASX:FTSE All-Share closed below 4,000 for the first time since early May, having shed 2% this week. The @GB:UKX:FTSE 100's fared ..."[link]
gamesinvestor
14 Sep 2017
Re: Update "He was last buying shares back at well above £70... shortly before his SP halved. So why should he be any more "right" now?"Bill on a relative basis, at least he's more right, as £49 is 30% cheaper !!Games
Bill1703
14 Sep 2017
Re: Update "... it suggested that Lord Wolfson didn't consider the stock to be materially undervalued. Now he does. This is a big shift."I agree, Afrosia, that the market is reacting well to this in particular. But I have caveats.It's only really partly addressing a major misstep by Lord W, IMHO. Which merely served to confirm the suspicion - of many - that when it comes to buy-backs, companies generally tend to make the same crucial mistake that too many investors do... buying when things are booming, and the SP reflects this, and losing nerve too quickly when the going is tougher - which is exactly when your stock is likely to be "materially undervalued".This has seriously dented Wolfson's reputation as a master capital allocator. He was last buying shares back at well above £70... shortly before his SP halved. So why should he be any more "right" now? It has often been observed that, however bad many investors are at valuing stocks, among the worst at it consistently are company managements... so maybe Wolfson is no better, after all?Whatever... good luck to those buying in around £40, give or take, I actively considered it and held off (though partly as I saw even better value elsewhere in UK retail - and backed that with my money). It could well be that £50 really is the right price here, for now... but if so, then I am more than ever convinced that MKS is worth £4.50!!
gamesinvestor
14 Sep 2017
Re: Update "This is a big shift."indeed - buybacks and dividends and specials all in one year -- is it Christmas?AF -- I think it's more to do with the realisation that the whole thing isn't going to hxll in a handcart and the business is still relevant.Although, this is only one reporting round of course -- I'd like to see them beef up the online and reduce some of the store footprint.Games -- even MKS jumped up in sympathy this morning.
Afrosia
14 Sep 2017
Re: Update The key takeaway for me is that we will generate £53m in excess of previously expected cashflows and that this will be spent on buybacks. My primary source of concern and reservation on Next has been the decision to pay special dividends rather than share buybacks, as it suggested that Lord Wolfson didn't consider the stock to be materially undervalued. Now he does. This is a big shift.
