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/

Proactive investor - Next Plc (LON:NXT) up 10% to 4,808p. High street retailer uses recent Brexit-induced slide to buy back 110,000 shares.

Trading statement

3 Aug Canaccord... 5,150.00 Hold
3 Aug Cantor... 5,400.00 Hold
3 Aug Investec 4,900.00 Sell
3 Aug Peel Hunt 4,800.00 Reduce
3 Aug Deutsche Bank N/A Buy

Sunday Express - Next reports its half-year results on Thursday and analysts expect it to continue its recovery after a tough start to the year.

Half year results

15 Sep Canaccord... 5,350.00 Hold
15 Sep Cantor... 5,400.00 Hold
15 Sep Peel Hunt 4,800.00 Reduce
15 Sep Investec 4,900.00 Sell
15 Sep Haitong... 5,900.00 Buy
14 Sep HSBC 4,485.00 Hold
12 Sep Exane BNP... 5,600.00 Underperform
9 Sep Exane BNP... 5,600.00 Underperform
8 Sep Deutsche Bank 5,950.00 Buy
6 Sep Goldman Sachs 5,600.00 Neutral

fed up with these so have bitten the bullet and crystalised the loss in my sipp

have yet to decide where to place those (depleted) funds but possibly BOO despite or maybe because of its persistent surge

Transaction in Own Shares
RNS
RNS Number : 8854M
Next PLC
18 October 2016
 
Next plc
 
For immediate release
 
18 October 2016
 
Transaction in Own Shares
 
Next plc announces that it has today purchased on market 35,000 of its ordinary shares of 10p each (the "Shares"), all for cancellation, at a price of 4649.8132 pence per Share.
 
The highest price paid per Share was 4734p and the lowest price paid per Share was 4578p.
 
These purchases were made through the Company's broker UBS Limited.
 
Following the purchase, the Company's registered share capital consists of 147,056,562 Shares. This figure may be used by shareholders to determine if they are required to notify their interest, or a change to their interest, in Next plc under the FCA's Disclosure and Transparency Rules.
 
All of the Shares have equal voting rights and there are no Shares held in Treasury.
 

12:00 27/10/2016
Broker Forecast - JP Morgan Cazenove issues a broker note on Next PLC
JP Morgan Cazenove today reaffirms its neutral investment rating on Next PLC (LON:NXT) and cut its price target to 5480p (from 5500p). Story provided by StockMarketWire.com

I expect most Brokers will be cutting their tagerts further following todays news.

yet strangely sp is up, yet my own inclination would be to take advantage of this to short ..... but doubt that i shall

Trading statement

2 Nov
Canaccord...
5,350.00
Hold
2 Nov
Investec
4,580.00
Sell
2 Nov
Peel Hunt
5,000.00
Hold
2 Nov
Haitong...
5,900.00
Buy
2 Nov
Cantor...
5,200.00
Hold

A very strange broker is Haitong, states a sell in the good times and buy when the company is not doing so well.

3 Nov
Canaccord...
5,125.00
Hold

3 Nov
Beaufort...
N/A
Buy

3 Nov
Deutsche Bank
N/A
Buy

3 Nov
JP Morgan...
5,480.00
Neutral

3 Nov
Societe...
6,098.00
Buy

3 Nov
Credit Suisse
4,600.00
Underperform

Proactive investor - Are Next's glory days over?
Share
09:15 03 Nov 2016
Credit Suisse doubts Next's ability to pass on rising costs and questions the wisdom of continuing to add space

Operating expenditure is rising just as input costs are increasing
Credit Suisse is becoming increasingly concerned about fashion firm Next Plc’s (LON:NXT) ability to maintain its margins.
Operating expenditure is rising and, reflecting sterling’s post-Brexit vote plunge, input costs are on the rise, meaning Next will struggle to pass on higher costs, according to the Swiss bank.
On top of that, Next Brand sales are “looking increasingly mature”, and Credit Suisse (CS) reckons Next’s underlying earnings (EBIT) margins will have peaked at an industry high of 20% in 2015/16.
"The strategy of passing through higher costs, in a deflationary environment, and continuing to add space, seems likely to lead to cost de-leverage, without increasing productivity gains," in CS's view.
“Deteriorating sales growth for Directory (3Q 0%) implies that the only sources of sales growth for Directory are lower margin Label and International,” CS said, as it downgraded the stock to ‘under-perform’ from ‘neutral’.
The target price has been cut to 4,600p from 4,950p

20 Dec
Deutsche Bank
5,950.00
Buy

Six share tips for value investors for 2017


Next
Share price: 4,950p  |  Earnings yield: 9%  |  Dividend yield: 3.2%
In common with many other fashion retailers, by its standards Next (NXT) is having a tough year. Despite new store openings, it's going to struggle to increase revenue in the year to January 2017, and profit is likely to contract by a few percentage points.
That, and perhaps wider concerns about the competition, knocked the share price into value territory. Next doesn't deserve to be there. It's highly profitable with a formidable mail-order operation that it's bringing online.

08:20 03/01/2017
Broker Forecast - Deutsche Bank issues a broker note on Next PLC
Deutsche Bank today downgrades its investment rating on Next PLC (LON:NXT) to hold (from buy) and cut its price target to 5300p (from 5950p). Story provided by StockMarketWire.com

Trading statement