Keyword results: Next

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ASC
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Don’t worry, be excited ahead of a busy corporate earnings week

A week into January and I see that the weekend press has plenty of stories about the European Central Bank executive who ‘warns green energy push will drive inflation higher’, as well as the UK’s former vaccines minister who said it would be ‘helpful’ to cut the self-isolation period to five days.  Otherwise there is the apparent hassle of the wealth of the top 1% is 230 times higher than the poorest 10%.  Such analytical excitement (not).  

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TED
TED
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On today's statement Ted Baker shares remain an avoid for me

At various points during the last five years, the ‘British luxury clothing retail company’ Ted Baker (TED) has been written about on this website, almost exclusively describing it as having a range of business issues. If only it was just losing money! And whilst the shares have pushed up over 75% since December (thanks general bump in the market!), over the last five years they are down a cool 92%, moving from a multi-billion market cap at one point to c£300 million today. The question today is whether it is even worth this?

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SOS
SOS
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Sosandar – Marks and Spencer deal: good news

AIM-listed online ladies wear purveyor Sosandar (SOS) has announced a deal with Marks and Spencer to bring a curated collection of its products to M&S’s online store. Whilst there are no numbers offered, this strikes me as good news.

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MRW
MRW
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Morrisons is rudely unloved

It is good to be back writing a few thoughts on UK stocks. Another time I will update some views on a few names such as GVC, which renamed itself Entain (ENT) back in December. What a last few months for it, and the Americans now want to buy it. I also need to do an update on my old pal DS Smith (SMDS), which performed very strongly whilst I was not watching the markets. And on a whole load of other favourites I will update over the next month or two. I am going to leave Next (NXT) to the experts, as an 8% odd romp in the share price has pushed it to crazy levels, and focus here on Wm Morrison (MRW) instead…

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GRG
GRG
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Greggs – it is not just about the re-opening schedule...

If you happen to be in my company and the conversation - for whatever reason - turns to Greggs (GRG), then I can guarantee you that you will learn three things. First, despite 98% of the time being a pescatarian, I am just a little partial to one of the original (non-vegan) Greggs sausage rolls and the other two stories relate to my last few months as an institutional investor which you can read HERE. I have not owned Greggs shares for quite a while and to be honest I do not have a particularly strong view either way today. However, its update out earlier was insightful at a number of levels...

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NXT
NXT
PREMIUM CONTENT

NEXT continues to educate mere mortals in the clothing retail space...

You know my thoughts on Next (NXT) already: a business with a management team who have a plan. The last time I wrote on the stock - when it closed its online channel to ensure social distancing could be achieved for staff members - a couple of weeks ago, I observed that it was a company with 'an ability to both quantify the challenges and evolve its thoughts'. Suffice to say, these are both traits you want to see in management teams. Markets have pushed up further since I published that piece but do not break out the champagne yet…

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Bearcast
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Tom Winnifrith Bearcast: As Boris gets Coronavirus the Doomsayers cannot have it both ways

Natch I wish the Prime Minister a speedy recovery from Covid 19. I am sure that like almost all healthy victims he will recover and refer you to my two podcasts HERE and HERE as to why the Doomsayers are engaing in GroupThink but really cannot have it both ways: the virus cannot be both highly contagious and highly lethal. I discuss why the three day shares rally, now reversed today, cannot be justified in terms of the likely curve of corporate earnings recovery. I look at Next (NXT), Optibiotix (OPTI) and dual listings, Dev Clever (DEV) & Royal Mail Group (RMG)

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NXT
NXT
PREMIUM CONTENT

Next's change of plan tells you more than romping markets...

Just over a week ago, I highlighted the depth of the corporate plan unveiled by clothing retail behemoth Next (NXT) in response to the coronavirus challenges. It is always better to have a plan than not and Next was particularly strong in highlighting a range of potential scenarios including - in the most pessimistic scenario - a 100% fall in sales over the next few upcoming weeks. Well that may be coming to pass…

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ITV
ITV
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ITV – bins FY dividend, drops FY guidance, cost cuts and we’ve got plenty of cash, honest guv’

To be fair to fully listed ITV (ITV) it has to be commended for this morning’s update at regards Covid-19 in much the same way as one should applaud the statement last week from Next (NXT) as Chris Bailey did. It should also be commended for chopping the FY dividend to conserve cash in this uncertain time – that is the responsible thing to do. But the shares have been marked down, suggesting there are problems – although as Chris Bailey points out, they are surely far less severe than at CEO Carolyn McCall’s old stamping ground over at Easyjet (EZJ)!

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CCL
CCL
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The one where I eat humble pie about Carnival Cruises

I talked about the ongoing 'company playbook on Covid-19' earlier in the week and the steady stream of updates about uncertainty and credit lines continue apace in today's regulatory news disclosures. It is all about resilience and persistence and - to put it horribly bluntly - survival for corporate names. Those who exhibit such traits will have higher market shares in a couple of years time (on the assumption of a return to normality naturally)…

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NXT
NXT
PREMIUM CONTENT

If only every company could share its plan like Next plc just did

I own some Next (NXT) clothes but do not own any shares in the business, though I have to say I am super-impressed by today's very lengthy full-year update from the company. Forget the trading numbers in the year up to the end of January (they were fine), because naturally it is all about the coronavirus…

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Newsboy
PREMIUM CONTENT

Next and ConvaTec both continue to prove up...but only one is still cheap today

Next (NXT) continues to perform with an observation this morning that quarter three full price sales were up 2% year-on-year, which was slightly ahead of guidance. It is holding both its full year full price sales and profit generation hopes. Solidity personified...

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BMY
BMY

Perk Up if You Want to Make the Most of your Share Portfolio.

Hello Share Thrashers. As I write, nobody has any idea if the Brexit debacle will move forward or back, so let’s take the opportunity of reviewing a share owner’s benefit which is often disregarded and shouldn't be. I refer to the perks. Here’s the latest list of some of the best companies for rewarding share-owners.

NXT
NXT
PREMIUM CONTENT

If I was the head of Next...I'd be selling too

Brexit excitements, eh? The merest whiff of some kind of deal and hello a rotation into UK domestic shares such as the banks, the housebuilders and - of course - retail. All good fun and certainly - as I talked about before - this is where most of the value in UK equities is currently...

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Newsboy
PREMIUM CONTENT

Large caps are all about levels (as shown by Next, Diageo and Johnson Matthey today)

Elephants cannot gallop but that does not mean larger cap shares are uninteresting, because institutional investor types can get overly excited (or rudely underwhelmed) about shares almost just as easy as bulletin board types can do crazy things around smaller cap shares. With large caps it is about spotting big themes, looking carefully at the numbers and setting your levels. With this mindset you can find plenty of double digit plus total return opportunities – which is way better than money in the bank earning you the square root of nothing. Three cases in point today…

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NXT
NXT

What's next for Next? A Healthier Share Price, Mayhap?

Hello Share Thrashers. From being sceptical about retailers being able to grow their share prices, I am beginning to change my mind. Well, for selected chains at least. One company which I think might buck a downward trend is Next (NXT)...

Newsboy
PREMIUM CONTENT

Next thanks Easter, Sainsbury's thanks Argos... but I'm not chasing either

How was April for you? Well Next (NXT) had a good time as per today's trading update observing that 'full price sales in the thirteen weeks to Saturday 27 April were up +4.5% on last year. This was +1.3% ahead of our internal forecast of +3.2% for the first quarter. We believe this over performance versus forecast was mainly as a result of unusually warm weather over the Easter holiday period, which was particularly helpful to our Retail stores'…

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NXT
NXT
PREMIUM CONTENT

Thank goodness for Next

I read yesterday that apparently 90% of people polled in one survey thought that the whole Brexit shenanigans are a national embarrassment. I think I am with the crowd on this one...which makes me happy to see a regulatory news statement from my old pals at Next (NXT), which wonderfully observes on the whole future EU relationship debacle: 'we can see no evidence that this uncertainty is affecting consumer behaviour in our sector'. Good news...but then Next, unlike so many of its other sector peers, is a quality operator as I have attested before – and can be seen in its numbers today...

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Newsboy
PREMIUM CONTENT

Christmas trading update time - Morrisons, Greene King and Joules

Time to find out how a few more corporate names performed over the Christmas period. First up food retailer Morrison (MRW), shares in which still remain 85p or so below the three quid a share target I hoped for back HERE

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MKS
MKS
PREMIUM CONTENT

M&S, Smith & Nephew and PR puffery press articles

I noted two different hope cycles in the weekend press commentary.  The first is a short term one based on the plethora of retail sector numbers that will be published over the next week or two. The headline that caught my attention was 'M&S’s (MKS) lifeline from last-minute spending spree' which seemed to be a straight extrapolation from the Next (NXT) numbers, which I wrote up last week.

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NXT
NXT

What's next for Next? Online Sales Seem Set to Soar Even More

Hello, Share Tweakers. Next (NXT) is another retailer that realises online sales are becoming more dominant over high street stores. And that has paid off. A last-minute burst of computerised Christmas shopping has been especially beneficial, according to the clothing giant.

NXT
NXT
PREMIUM CONTENT

Next - no retail apocalypse and no profits growth...but that's fine

Happy New Year and all that...it is good - as a larger-cap share watcher - to finally have some proper and pukka newsflow to write about again. It was getting dangerously close to me having to write about the millennial bleating about how stock markets shockingly could actually go down. The even better news is that you do not have to suffer one of my subjective retail runaround pieces akin to my mid-December musings HERE. Back then I observed that;

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NXT
NXT

Next and Staffline under the spotlight next week

Ahead of a more comprehensive review of annual broker and tipster activity next week, this week’s article focuses on two expected early-January trading announcements from Next (NXT) and Staffline (STAF). Strong returns on Next shares were wiped out during a disappointing second half to the year, while shareholders of Staffline will be happy with a return of over 20% in 2018. Both updates will be seen as important early indicators for their respective sectors, but are brokers and tipsters bullish about both companies’ future prospects?

NXT
NXT
PREMIUM CONTENT

Next! Personal adventures and observations in the current retail landscape

As I have noted before, it is probably a good thing that the UK economy is not based on my personal consumption habits, especially when the highlight of my annual 'pre-Christmas trip to the shops' was purchasing an advent calendar marked down from its original price by over 75%... A very cheap way to buy some good quality chocolates (and - naturally - to ascertain the quality level I had to consume days one to fifteen in one sitting). 

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Collapsing-Reactor
PREMIUM CONTENT

Trading the Brexit omnishambles - any UK domestic stocks of interest?

It was probably a good thing that I had a long standing engagement that soaked up a lot of my time yesterday - albeit that I had to evolve my presentation on global financial market prospects just a tad following the various omnishambles that afflicted the UK markets and political backdrop. So what do we do?

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NXT
NXT

Next, Dunelm, levels and confessions

Interesting times for followers of more UK domestic focused shares in recent days.  Both Nigel and I have already discussed BT Group (BT/A) on these pages.  Meanwhile elsewhere, fears wax and wane over the omnipresent Brexit negotiations, which appears to be the biggest shorter-term influence on many UK listed names with high UK exposure. 

Newsboy
PREMIUM CONTENT

Smoking in the sun - updated views from Next & Imperial Tobacco

Back in early August, I admitted I was a fashion luddite but, even so, managed to conclude on FTSE-100 clothing retailer Next (NXT) that the weather was rather important:

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NXT
NXT
PREMIUM CONTENT

Next - damn that hot weather!

Even a fashion luddite like me knows that clothing retail works best when you have a clear and distinct winter and summer period. The fashionistas and general public alike buy to look on-trend and functional as the temperatures respectively plummet or rise. In that vein then, the recent bout of extended hot weather was a retail bullseye - assuming, of course, that you have sufficient online capability to be active where increasingly the action is.

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Newsboy

Glaxo, Smiths Group - drawing up a list for 2019 tips of the year!

I was hoping for a big bit of volatility in shares in Next (NXT) today but its full year update is - in the wider scheme of things - pretty worthy. Why?

NXT
NXT

NEXT gives you all a late Christmas present

Well done Next (NXT). Despite the Sunday Times suggesting a retail shocker last Sunday, the waxing and waning of the British weather helped the company to pucker up and generate a positive surprise in its full price sales metric as the company noted in its statement from earlier today:

Bearcast

Tom Winnifrith Bearcast: rabbits white rabbits - am I wrong on Big Sofa?

Did you say "rabbits white rabbits" this morning? I always forget. I start with a run though of my Russia Today interview yesterday in case you missed it which you almost certainly did. But I hope Presidents Putin and Trump approved anyway. Then it is onto Big Sofa (BST) have I got it wrong? I look at Nighthawk (HAWK), Echo Energy (ECHO), Halosource (HALO) and then what the Next statement really means. And I have a few more words on Andalas (ADL) after this morning's shocker.

Listen to the Bearcast:
NXT
NXT

Next - waxing and waning just like the UK economy

Back in mid-September I told you to take your trading profits on Next (NXT) at around fifty quid a share. Today's update highlights again that currently the only way to play even UK retail names with good market shares, decent balance sheets and a propensity to chuck out dividends and undertake share buybacks is with a trader's hat on.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: 10 stocks to sell or short ahead of the hike in UK base rates

There is a bit of background reading and listening for this bearcast: the graphs from the start of the big short HERE and the macroeconomics in yesterday's bearcast HERE. Then it is onto the 10 stocks to sell or short ahead of the first UK base rate rise in years which will happen in this week coming up. I explain why the following ten should be dumped or shorted:

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NXT
NXT

NEXT! Great winner but book profits and look elsewhere

If I told you that UK clothing retail behemoth Next (NXT) mentioned this morning that earnings per share for the current financial year were now estimated to be down between 3.1% and 10.9% you would probably not want to buy the share after muttering about the downbeat UK consumer, nobbled by a lack of real wage growth and a slumped Pound. Well you would be quite correct in not wanting to buy Next shares today...because with the stock up a cool 11% it is once again pushing close to the 50 quid a share level I hoped for as a share price target in my writings on the stock earlier in the year (for example HERE).

Four Nuclear Missiles, Big Threats and the Impact on Your Shares

Hello Share Crunchers. We have a little saying in our family. ‘There’s always something…’ Meaning, however well things seem to be going, there is invariably a major snag to  contend with. 

NXT
NXT

Next remains cautious but the shares romp...and remain on sale

Such is the current pessimism about anything to do with UK retailers that despite confirming that this financial year will see a fall in profitability of between 6.9% and 13.4%, it is perfectly logical that Next (NXT) shares should be up handsomely today.

NXT
NXT

Next - profit warning ahoy #2

The seasons may have evolved a little but the message from FTSE-100 clothing behemoth Next (NXT) is basically unchanged. Life is still tough in a market where, in its words, ‘the UK consumer environment remains challenging’...

Bearcast

Tom Winnifrith Bearcast: Paternoster Resources why cheap could be incredibly expensive

I comment on the hopeless response of smug MPs and the established media to yesterday's terror attack on my own website in a podcast HERE. On the markets I look at expectations management at Next (NXT), at how we know or knew about the balance sheet at Toople (TOOP) covered HERE by Cynical Bear or Advanced Oncotherapy (AVO) heading for 0p and covered in detail by me earlier HERE. I look at Public Services Properties (PSPI ) and what its AIM casino departure says about RTOs and contingent liabilities - which reminds me again of New World Oil & Gas (NEW). Finally I have a detailed look at the strange world of Paternoster Resources (PRS), not a stock you have to own in any way. PS Cynical Bear is not me. Can you see any typos in his articles?

Bearcast

Tom Winnifrith Bearcast: ITV News talking bollocks - the consumer meltdown is up & running

I start with a section on the African Potash (AFPO) fraud and how and why I need those who have lost cash to contact me to see if we can seek legal redress. I am proposing to fund two small claims cases to establish a precedent. If we win either or both its ramifications for AIM are massive. Then I look at woeful lies from fake newscasters at ITN but in a macro-economic session inspired by Next (NXT), Bovis (BVS) and Cambria Auto (CAMB) I look at now clear macro headwinds which are hitting the UK partly as a result of very bad calls by the twit Carney and the poltroon Osborne and his pea brained successor as Chancellor, Phil Hammond. How can you assemble a short portfolio on the back of that? I answer reader Tony, but also suggest another short portfolio. En passant I mention Infrastrata (INFA) as well as covering CIC Gold (CICG).

NXT
NXT

Next! Profit warning ahoy…

I cannot remember the last time I set foot in a Next (NXT) shop, but then I am not really much of a shopper. It seems I am not alone as in a trading update today Next mused that in the year up to and including Christmas Eve full price sales were down -1.1% on last year.

Bearcast

Tom Winnifrith Bearcast 24 March - Red Flags on Green Shite Edition

I shall deal with willie obsessed holiday ruining Easyjet (EZJ) later. And also with Fastjet (FJET) but suffice to say its shares are a sell. A reminder SPUKI - book your seats today to hear me expose the fat share ramper Lenigas in full plus much more at UK Investor on April 30. Thanks to Intelligent Energy (IEH) for clarifying what net cash means ( please note D&D) I cover its woes today plus also Plus500 (PLUS), RedX Pharma (REDX), Next (NXT) and Sareum (SAR)

NXT
NXT

This Thrilling Website's Assessed a Few High Street Stores, Recently. So What Next? - Next.

Hello Share Scrimpers. I think all those dire predictions for the end of high street shopping have been overdone. The internet may be scooping up a lot of the Christmas custom. But we should never forget that tons of that profitable traffic is linked to the big retail stores anyway.

MKS
MKS

Marks Profits Sparkle, But Are They Still Worth a Punt?

I got rid of my Marks and Spencer (MKS) shares a few years ago now. They were among my slowest moving stocks of all time.

BT
BT

A list of the Very Few Firms Who Passed My Toughest Test.

Hello Share Shockers. I’ve regaled you in this modest column before with some of the best advice you could ever pick up. That is: to track down and invest in those star companies which grow their profits every year that comes round.

Christmas-Stripper

Christmas Shopping – what can we learn from the High Street this year?

Many, many years ago Granny Deputy Sheriff used to do very well on the stock market. Legend has it that she did particularly well out of biscuits and helicopters. She tended to make investment decisions not on the usual measures of P/E or EBIT or EBITDA – let alone the fundamantal analysis of company accounts. No, this was an investment style all of her own (at the time): it was based on life experience. It rather chimes with one of the themes of Peter Lynch’s ‘One Up On Wall Street’.

NXT
NXT

Next is a buy

Last week I had a deco at Next (NXT) shares, noting that the share price had weakened somewhat. The share price then was 6,905p and arguably the share looked as though it had found some linear trend support. But something stayed my hand. Was it the god of markets placing a forbidding index finger on my shoulder? More probably it was the rating the market had given the shares. On consensus estimates for the current year to January 2015 the share at 6,905p was on a prospective PER of nearly 17 times. Next is a remarkably successful company and deserves its premium but even so……? 

ABF
ABF

AB Foods at 2649p after the 12% fall from the July peak of 3156p, buy sell or hold?

Back in January I was enticed into making a value call on AB Foods(ABF) versus Next (NXT), coming to the conclusion  that Next, which does not have a sugar business, looked the better value on what  looked like a less excitable more restrained valuation. I now note that the gap between AB and Next has narrowed to about the narrowest it has been for a year.  

MKS
MKS

Buy Marks & Spencer: Gap Fill Failure Buy Signal Targets 440p

I am surprised that I have not been approached by private equity groups to launch a takeover of M&S at say no more than 600p a share to split up Middle England’s favourite retailer into a standalone grocer and a standalone fashion retailer. I am thinking a new Waitrose and a new Next (NXT). Presumably after this article on ShareProphets, Blackrock, CVC et al will be beating a path to my door.

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