NEXT is a UK based retailer offering exciting, beautifully designed, excellent quality

fashion and accessories for men, women and children together with a full range of

homewares# NEXT distributes through three main channels:


■NEXT Retail, a chain of more than 500 stores in the UK and Eire;
■NEXT Directory, a home shopping catalogue and website with around 3 million active customers and international websites serving approximately 50 countries; and
■NEXT International, with almost 200 mainly franchised stores around the world#
Other businesses in the NEXT group include:■NEXT Sourcing, which designs, sources and buys NEXT branded products;
■Lipsy, which designs and sells its own branded younger women's fashion products through retail, internet and wholesale channels; and
The parent company, NEXT plc, is listed on the London Stock Exchange #LSE: NXT#L# and is a member of the FTSE 100 Index# Total revenues for the year ended January 2012 were £3#5 billion with underlying pre-tax profits of £570 million# NEXT's head office is located in Enderby on the outskirts of Leicester, England

http://www.next.co.uk/

I have not tomasz, does not mean I would not,lol.Let us know the result, good luck.

I was expecting sort of 'how stupid idea it was' since you mega bullish( yet somehow not active).. so it may work then ..lol

I do not have a position in this company anymore tomasz. Just amazed at the height the share price has got along with Asos. Just keep the thread going really. Good luck.

I forgot this is low beta and moving sooo slowly, should stay short with my baby asc , maga nice movement there today...:)

ok just got out at 4319..quick 60 pts is well enough..bye bye..:)

Next: Credit Suisse raises target price from 4450p to 4650p, but downgrades to neutral

good trade-buy lurking

Next Chairman to take over reins of easyJet Chairman
Tue 16 Apr 2013


Next Chairman to take over reins of easyJet Chairman LONDON (SHARECAST) - Chairman of fashion retailer Next, John Barton, is in talks to chair low-cost airline easyJet, Sky News reported Tuesday.

Barton has emerged as a contender to replace Sir Mike Rake, who retires this summer to become President of CBI, a business lobby group.

easyJet is yet to confirm a successor and insiders told the broadcaster at least one other person besides Barton is in line for the job.

"His is one of the names in the mix but it isn't the only one," a source said.

Another possible candidate is Charles Gurassa, the Deputy Chairman and Senior Independent Director of easyJet.

The budget carrier is expected to make a decision as soon as this week.

Rake leaves following reports of company infighting with the airline’s founder and largest shareholder Sir Stelios Haji-Ioannou.

Haji-Ioannou accused Rake of having to may corporate roles and being involved in the excessive pay culture at Barclays, where he is Deputy Chairman.

He had also called on the company’s management to reduce its investment in new aircraft deliveries and focus on improving shareholder returns.

The founder threatened to reduce his stake if the company placed a large order to expand its fleet.

If Barton is selected as Rake’s replacement, he would likely hand over his responsibilities at Next in a couple of years.

An easyJet spokesman declined to comment.

AnnuAl Report And Accounts
JAnuARy 2013


http://www.nextplc.co.uk/~/media/Files/N/Next-PLC/pdfs/latest-news/2013/ar2013.pdf

Director Declaration

RNS


RNS Number : 5704C

Next PLC

17 April 2013






Next plc

The Company has been notified that John Barton, Chairman of Next plc, has also been appointed as non-executive Chairman of easyJet plc with effect from 1 May 2013.



Mr A J R McKinlay

Company Secretary

Next plc

Good man - boss of Next gives his bonus to staff £2.4m as a thank you for the stores success through the recession.

NEXT Plc: 10 Years Of Market-Thrashing Returns
Fool.co.uk By Maynard Paton | Fool.co.uk – 4 hours ago..

Today I'm going to share with you a few lessons from one of the very best investing records of the last ten years.

I'll also point you towards an opportunity from Motley Fool Share Advisor that I've been told could outperform even this surprise master 'investor'!

Ten years of market-thrashing returns

Take a look at the following table. It shows a series of share purchases since 2004:

Year to January Price paid
2004 £9.61
2005 £14.44
2006 £14.49
2007 £16.61
2008 £19.74
2009 £13.74
2010 £20.36
2011 £20.50
2012 £23.21
2013 £32.13

The share in question currently trades at £43. Now I don't know about you, but I'd be chuffed with that sort of investment performance.

In fact, I calculate the compound returns from those purchases range from 13% up to 37% a year – which naturally knock the comparable performance of the FTSE 100 (FTSE: ^FTSE - news) into a cocked hat.

Sadly, it wasn't me who achieved those gains. Nor was it another ordinary investor. And it wasn't a City fund manager, either. In fact, it wasn't an individual at all. Those returns were actually achieved by a company -- Next .

A £2 billion buyback belter

You see, those share purchases reflect the share buybacks the fashion chain has made during the last ten years or so. My sums tell me the company spent more than £2 billion on share buybacks during the last decade, buying 126 million shares at an average price of nearly £18.

With the share price now £43, I think it's fair to say that £2 billion has since more than doubled in value. A 44% reduction to the share count has helped Next's dividend triple during the last ten years, too.

Lessons we can all learn from this surprise master 'investor'

After studying Next and its master buyback achievements, I drew a few conclusions for us Foolish investors:

1: No need to always look for new ideas

Next didn't waste its cash buying lots of different and unfamiliar companies to reward shareholders. Instead, it focused on investing in the business it knew best – its own.

That philosophy can work for us as well, as often you don't need to keep finding fresh opportunities to achieve superb returns. Sometimes, the best buying opportunities for new money may be familiar names already in your portfolio.

2: Develop some investing rules

Next followed a simple set of rules to ensure its buybacks were effective. In particular, its rules included using only surplus cash flow – and not taking on extra debt – to repurchase shares.

By developing a set of sensible guidelines, we too should become more efficient with our stock-picking. We could start by taking a lead from Next's rulebook, and track down companies generating surplus cash and not taking on extra debt.

3: Buy growth at a reasonable price

Even with quality shares, we should always take care not to overpay for future growth. Importantly, Next did not buy back its shares at any old price.

I reckon the company paid anywhere between 9 and 12 times near-term earnings, which seems very good value when you consider earnings per share have tripled since 2004.

Should you buy Next?

True, the multi-dip recession, the rise of online shopping and high rent levels have crippled many retailers of late. Yet Next has prospered and provided wonderful returns to those who spotted the group's progress and could look beyond the sector gloom.

So the question now I guess is… should you buy Next?

Well, I asked Nate Weisshaar, a senior analyst at Motley Fool Share Advisor, for his view... and he told me the shares presently trade at 13 times forecast earnings – and above the 9 to 12 range Next itself has found to produce handsome rewards for buyers.

So perhaps this share is one to put on your watch list, at least for the moment.

An opportunity that could outperform Next

Nate did disclose, however, that he preferred an alternative opportunity in the retail sector.

In fact, Nate claimed this particular alternative offered greater growth prospects, with its recent sales advancing 9% compared to just 3% at Next. He also told me the firm enjoyed a cash-rich balance sheet and that he rated its management very highly.

But could this alternative really outperform Next?

Well, Nate and his team at Motley Fool Share Advisor have just put their reputations on the line by recommending this alternative as one of their 'Best Buys' for April.

In the meantime, I've told Nate to keep an eye on Next and its buybacks -- as I'm sure this share could one day also offer an irresistible buying opportunity!

Share price surge makes Next third-biggest retailer in the UK

By Neil Craven, Financial Mail On Sunday

PUBLISHED: 22:44, 20 April 2013 | UPDATED: 22:44, 20 April 2013

A surge in the share price of fashion retailer Next has made it Britain’s third-biggest retailer.


Chief executive Lord Wolfson has defied the gloom with booming profits from the Next Directory catalogue and website.


Last week Wolfson handed his £2.4million bonus to 19,400 of his longest-serving staff – equal to one per cent of their salary on average.



Up: Next's shares have jumped by 43 per cent in the past year


It was seen as a unique gesture for a boss under no pressure to relinquish his bonus.


This weekend, Next’s stock market value was £6.9billion, behind Sainsbury’s £7.1billion – another good performance – and Tesco’s £29billion.

A year ago Next was the sixth-biggest behind Tesco, Morrisons, B&Q owner Kingfisher, Burberry and Marks & Spencer.


Next’s shares have risen 43 per cent in the past year.

Should I Invest In Next Plc?
Fool.co.ukBy Kevin Godbold | Fool.co.uk – 5 hours ago


.FINANCIAL TIMES FTSE ACTUARIES SHARE INDICES FTSE 100

To me, capital growth and dividend income are equally important. Together, they provide the total return from any share investment and, as you might expect, my aim is to invest in companies that can beat the total return delivered by the wider market.

To put that aim into perspective, the FTSE 100 (FTSE: ^FTSE - news) has provided investors with a total return of around 3% per annum since January 2008.

Quality and value

If my investments are to outperform, I need to back companies that score well on several quality indicators and buy at prices that offer decent value.

So this series aims to identify appealing FTSE 100 investment opportunities and today I'm looking at Next , the UK-based fashion and accessories retailer.

With the shares at 4,340p, Next's market cap. is £6,961 million.

This table summarises the firm's recent financial record:
Year to January 2009 2010 2011 2012 2013

Revenue (£m) 3,272 3,407 3,298 3,441 3,563
Net cash from operations (£m) 449 572 452 526 659
Adjusted earnings per share 156p 188.5p 221.9p 255.4p 297.7p
Dividend per share 55p 66p 78p 90p 105p

Strong recent full-year results continue to support the wisdom of Next's focus on design and quality. Many covet the clothing brand, and from what I've seen, cash-strapped households often prioritise such posh-clothing purchases over mundane items, such as utility bills, for example! That's great for Next investors. It means that the firm has captured a big chunk of the mass market.

Next's two-pronged attack saw around 51% of underlying profit come from its 6.7 million square feet of trading space and some 46% from its complementary directory business last year, with the rest of its profit from other sources. But it's nearly all derived from the UK. Despite also operating in around 60 international territories the firm gained just around 1% of Next-brand profits overseas. To me, that means there is still great potential for expansion and total investor returns from here.

Next's total-return potential

Let's examine five indicators to help judge the quality of the company's total-return potential:

1. Dividend cover: adjusted earnings covered last year's dividend around 2.8 times. 4/5

2. Borrowings: net debt is around 75% the level of last year's operating profit. 4/5

3. Growth: revenue, earnings and cash flow have all been growing. 5/5

4. Price to earnings: a forward 12.5 looks up with growth and yield forecasts. 3/5

5. Outlook: good recent trading and qualified optimism in the outlook statement. 5/5

Overall, I score Next 21 out of 25, which encourages me to believe the firm has potential to out-pace the wider market's total return, going forward.

Foolish Summary

Next scores well on my quality indicators and presents today at a fair price compared to growth and yield expectations. That encourages me to believe that, yes, I should invest in Next at some point.

> Kevin does not own shares in Next.

As of Apr 20, 2013, the consensus forecast amongst 25 polled investment analysts covering NEXT plc advises investors to hold their position in the company. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Aug 09, 2012. The previous consensus forecast advised that NEXT plc would outperform the market.

Wednesday preview: Next releases first quarter results
Tue 30 Apr 2013

Wednesday preview: Next releases first quarter results LONDON (SHARECAST) - UK retailer Next is set to reveal its first quarter results Wednesday – a month after posting annual profit growth.

A slump in homewear sales is expected to drag on the company’s performance, according to analysts at Credit Suisse on April 5th.

The broker said although Next has started to prioritise its home division in advertising, the market requires a boost to housing transactions and secured credit before realising any material improvement in the category.

"While leading indicators are still positive there hasn’t yet been sufficient signs of a pick up in housing activity in the spring for this to be the driver we originally expected this year," the analyst said.

Last month the company reported a 9.0% jump in pre-tax profits to £621.6m for the year to January 2013 boosted by growth in online sales and business expansion.

Credit Suisse noted a fall in brand sales in the results and said the past two months would "clearly have been slow".

"It is therefore very hard to see how Next’s first quarter IMS […] is likely to give too much reason for cheer, despite the soft comps," it said.

Next PLC (NXT:LSE) set a new 52-week high during today's trading session when it reached 4,441. Over this period, the share price is up 49.09%.

Trading statement Wed 8 May

In the Mail newspaper today - Simon Wolfson's fashion retailer Next put on 36p to 4425p in anticipation of a bullish first quarter sales report for the 14 weeks to May 4
on Wednesday. Next said at the end of March that brand sales growth was running at the bottom of its 1-4% target range for 2014 given the cold weather. Sales should have improved in recent weeks because of the warmer weather.

Share price forecast




The 20 analysts offering 12 month price targets for NEXT plc have a median target of 4,300, with a high estimate of 5,070 and a low estimate of 3,760. The median estimate represents a -2.82% decrease from the last price of 4,425