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/

hi shortie .... my commiserations; a beastly way to start the year, but i'm sure you'll be soon well back in profit

AND HERE WE ARE, THANKS SHORTIE, I thought you did so I was wondering how did they executed, that's all.

-571 pts if we're counting.. Can't win them all Cynic, good job I hadn't ordered that new Bentley.... lol

Unlucky shortie, stick in.

tomasz if you get a hard on because a fellow trader makes a wrong call then it just proves that you are sad, end of :O)

Bad luck Shortie - I didn't realise you had gone short after your post 243.

you've got pretty few brown-noses here for change..lol

Bad luck Shortie - I didn't realise you had gone short after your post 243.

why this is bad luck?

Chris I don't know why you know so much about that...stick to yours..keep a distance..lol

so, skinny, you realised too much , you know that...lol

Cheers guys, right onwards and upwards or downwards as it may be... As all experienced traders know you take losses as well as profits, just so long as you take more profits its never a problem.

Tomasz I suppose you were long on this and have made a hefty profit?

one is tempted to squelch this toad (drop a rock on him?), but as i refrained form so doing to the likes of MRSI, i shall not

shortie - may i commend the GT Supersport to you ..... it really is great to drive and surprisingly nimble for a big and heavy beastie

no Shortie , I just come down here because fool cynic posted some idiotism again on my tread about that he's so-called know something...so to have purely a mega laugh I jumped here to see how bad things can be...im surprised I didn't find him in trade(well if you can call nonsense a trade..lol)..
but I was honestly surprised when I find you in that position..
that's all really
and then unnecesery brown-noses comedown with sick suggestions..
and you just cleared up..

Which thread are you reffering to when you say 'my thread'?

long story asos..place where dreams come true..;)

Nomura Buy 6,007.50 5,530.00 5,380.00 6,500.00 Upgrades

Next set to beat Marks and Spencer profits for the first time

Fashion chain Next gave Britain’s battered high street a boost after soaring Christmas sales put it on track for higher profits
By: David Craik
Published: Sat, January 4, 2014


Next has enjoyed an exceptional festive period Next has enjoyed an exceptional festive period [NEXT]


Its shares raced 555p to a record high of 6085p as it revealed a significantly better than expected 11.9 per cent increase in sales between November 1 and Christmas Eve. Store sales jumped 7.7 per cent with online demand up 21 per cent.

As a result it ramped up its full-year profit hopes by around 4 per cent to between £684million and £700million, which if met would see it beat rival Marks & Spencer, forecast to post a £645million profit, for the first time.

Next’s figures calmed fears that festive high-street shopping had been bashed by weak demand, widespread discounts and stormy weather and helped lift shares in M&S and Primark’s owner Associated British Foods.

Sales were lifted by strong demand for seasonal knitwear, with festive jumpers and onesies in vogue.

Next chief executive Lord Wolfson said its policy of never discounting before Boxing Day had helped while online sales had been lifted by its new next day delivery service which increased confidence amongst customers that their orders would turn up on time. He added: “I don’t want to boast as some retailers have a good period and others a bad. We have had a good one but it will present difficult comparatives next Christmas.”

Wolfson cautioned that despite a steadily improving economy and the end of the credit crunch as customers paid off debt there would be no “consumer spending boom” for some years to come.



Its shares raced 555p to a record high of 6085p


“It is unlikely that the strength shown in this quarter will continue through the first half of the year. We expect sales growth of between 3 per cent and 7 per cent for the year ahead,” he said.

“People aren’t feeling much wealthier as their salaries are not growing.”

Next also warned that a return to significant economic growth would likely result in rising interest rates that could moderate the spending of customers with mortgages.

It also announced a special 50p a share dividend next month worth £75million and another 50p dividend every quarter that its share price is above 5800p. Wolfson stands to net an extra £750,000 every three months.

Analysts at broker Nomura hailed it as an “exceptional” performance.

Citigroup Buy 6,087.50 6,085.00 6,100.00 7,000.00 Reiterates

Deutsche Bank Hold 6,087.50 6,085.00 5,900.00 6,100.00 Reiterates

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anyone know current and 2014 projected p/e?