Rhigos
10 May 2017
Re: Trimmed holding today SP now 1.43% above what I sold some NXT shares at yesterday. Initial sell-off on news obviously over done. Glad I still have good size holding in NXT.
Rhigos
09 May 2017
Trimmed holding today After profit warning in Jan I increased my holding by 1/3 buying at 4100 today I sold the one bought in Jan @ 4365.2 (profit after dealing costs 5.4%). On average purchase price however overall I am showing a capital paper loss of 14.5%.1st purchase was 26 Feb 2013 and overall return to date on NXT -4.6% so not that bad. Could well be breaking even in 12 months time if SP rises a bit more.Feel more comfortable with reduced holding as was a bit overweight in NXT before today's sale.
fitcontroller
04 May 2017
Re: NEW ARTICLE: Next recovery comes to abru... these should return, overcorrection IMHO
II Editor
04 May 2017
NEW ARTICLE: Next recovery comes to abrupt end "Nothing like a few cold, hard numbers to knock a share price rally stone dead. Just as shares in LSE:NXT:Next were beginning to recover ground lost since its last profits warning in January – up 14% to a five-month high in the six weeks since ..."[link]
nk1999
28 Apr 2017
Jefferies From Citywire yesterday:"Jefferies downgrades Next over challenging futureJefferies has downgraded Next (NXT) after a rally in the share price but the analyst thinks there are still challenges ahead for the retail giant. Analyst Caroline Gulliver downgraded her recommendation from ‘hold’ to ‘underperform’ with a target price of £35.00. The shares were trading down 1.2%, or 53p, at £42.20 at the time of writing. ‘Next’s share price has rallied 13% in recent weeks and, warm weather aside, we believe Next’s challenge to regain its competitive edge and overcome a shift to leisure spending is as tough as ever,’ he said. ‘The c.8% dividend yield attracts but we forecast a near 20% decline in profits in 2017-2019, below consensus, and hence we downgrade to “underperform”.’"I am holding.nk
Eadwig
28 Apr 2017
Down & Out Exited today @4315p approx for around a 30% loss over about 16 months.Two tranches bought on steep drops after profit warnings, the first in Jan 2016, but some areas of the market are pretty unforgiving of under-performance over the last 18-24 months, and especially retail. I've got away with it elsewhere - BT, WIZZ and one or two others in the last few months - but its a dangerous game despite the general bull market scenario, not everyone bounces back from an apparently overdone sell off.I don't see any fast chance of recovery, and as the shares are in my very small SIPP and there are other opportunities abounding, it was time to cash out and re-invest elsewhere. Easily my worst decision over the last 18 months or so. At least I didn't re-invest the dividends.At least the experience has taught me not to let the will to diversify override my general judgement. Although I thought I was going for one of the better retailers (obviously), my true convictions are with online retail, and Next was a compromise with a dividend and progressive buyback policy.I was fully aware of the coming headwinds for retailers (rise in the living wage, new business rates looming, online eating into high street and out-of-town shopping centre footfall) but took the plunge anyway on such a big initial drop on a respected FTSE 100 company.I thought about trying to trade my way out of trouble when it was down in the high-mid 30s recently, but decided that could easily become a trap, especially as there isn't much headroom in my SIPP and I still have to decide whether to deal with CNA that way or cut my losses there too. The latter is starting to look favourite.I'm surprised Ms. Eadwig hasn't turned Next around single-handedly, she was in there buying like mad for our three year old just yesterday - once again - but she's only in the UK 2 weeks and isn't prepared to trust the online ordering, she says, which tells its own story, perhaps.I'm putting some of the cash into adding to my holding via the Tritax Big Box REIT (BBOX) IPO which is currently open. They specialise in building and renting distribution centres for the likes of Amazon and, of course, Next. So, I'm only moving along the supply chain a bit really, but with a heftier dividend and more chances of growth, frankly. The rest I've already spent adding to junior miner that has already paid me back a substantial part of the losses here in a couple of days (assuming I realise the profits).Good luck to all those sticking with it.
Ripley94
14 Apr 2017
Re: Any thoughts on current price direct... Up approx 9% since Feb Top up.CSS said buy today .
II Editor
07 Apr 2017
NEW ARTICLE: The week ahead: JD Sports and Tesco "Monday 10 AprilTrading statementsEmpiric Student Property, Highland Gold MiningTuesday 11 AprilLSE:JD.:JD Sports Fashion is a serial expectations-beater. The high street seller of tracksuits and trainers is a long-time constituent of our ..."[link]
Eadwig
05 Apr 2017
Re: hmm Or perhaps it was the report that clothes sales on the high street continue to fall and online sales continue to rise.It isn't rocket science. I could have turned this company around in 6 months starting Jan 16 when the first profit warning was given and we all said how bad a job they were making of their online offering. It doesn't even cost that much, in fact it'll pay for itself through the sale of half their stores in no time at all.
sage in the hills
04 Apr 2017
Next will have to ..... ..... do something instore to make the shopping experience more valuable, interesting, and profitable from each footfall........SAGE
Rhigos
04 Apr 2017
Re: hmm As Seen On Screen (ASOS) selling lots of clothes on a profit margin of 2%. Difficult for other clothes retailers to compete with that. In my local town Next shop did not look busy. Primark doing better. Shoppers very price conscious. Next finance (shop credit card) suffering from others doing it cheaper.
gamesinvestor
03 Apr 2017
Re: hmm market down a bit and this probably ...."""Shares in Next also took a fall after analysts at Exane BNP Paribas downgraded the stock from 'Neutral' to 'Underperform'"""Not very scientific - no analysis or explanation, just broker blurb.Games
contrarianstyle
03 Apr 2017
hmm anyone know why we are selling off?
johnnygibber
29 Mar 2017
NXT Special Divi in AJBell... FYI: If anyone has AJBell SIPP and has activated the new DRIP feature for NXT, special Divi's are NOT included !!More button pressing needed to reinvest that £1.80 ..GLAJG
Uncle Doug
28 Mar 2017
Re: Momentum slipping again ... or is it? "The big question remaining then is the 90 day currently at £43. I'd be surprised if that doesn't prove a limit given the forecast of falling earnings in the coming year."Hmm. Just broke 4300 then fell back again. Momentum is definitely on the up. Will it close above £43 today - that would be a very positive sign. Loads of Divvies coming soon but you have to be in it to win it.GLA DYOR
