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Next chairman tops up

The clothing chain had a better Christmas than analysts' had feared, but can the good times continue to roll?
January 17, 2019

Of the Christmas retail trading updates currently flooding the market, numbers from clothing chain Next (NXT) were, in fact, a pleasant surprise. Even though management saw it prudent to revise down full-year profit expectations by 0.6 per cent following higher sales of lower-margin, seasonal products and taking into account increased costs associated with online growth, the overall picture was better than feared.

IC TIP: Buy at 4644p

Full-price sales over Christmas rose 1.5 per cent, with good growth also reported in the three-week lead-up to the big day. Year-to-date online sales are up 15 per cent, too, which helped offset a 7 per cent squeeze across retail stores.

On the same day as Christmas numbers hit the market, chairman Michael Roney added a total of 3,577 shares to his holding at an average price of 4,360p, spending close to £156,000.  

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberdeen Asian Income Fund Nicky  McCabe 07 Jan 195,000195.059,7535,0000.003
Baillie Gifford Shin Nippon Jamie Skinner09 Jan 1917,500171.9630,09317,5000.006
Chaarat Gold♥Martin Andersson (ch)03 Jan 1975,00027.319420,490150,748,96638.148
Chaarat Gold♥Martin Andersson (ch)03 Jan 1950,00027.990413,995150,598,96638.110
Chaarat Gold Artem Volynets (ceo)03 Jan 1972,00028.069420,21072,0000.018
Chaarat Gold♥Martin Andersson (ch)04 Jan 1975,00028.162321,122150,898,96638.186
Chaarat Gold♥Martin Andersson (ch)03 Jan 1975,00028.162521,122150,673,96638.129
Chaarat Gold♥Martin Andersson (ch)04 Jan 1950,00028.400414,200150,823,96638.167
Chaarat Gold♥Martin Andersson (ch)04 Jan 1925,00028.45557,114150,773,96638.154
Eagle Eye SolutionsWilliam Currie07 Jan 19150,000101151,5003,413,32213.415
Eagle Eye SolutionsTerence Leahy07 Jan 19150,000101151,5002,420,9709.515
Eight Peaks Nicholas Monson03 Jan 19700,0001070,000720,0004.003
Eight Peaks Zafarullah Karim (ch)03 Jan 191,000,00010100,0001,412,8617.854
Fidelity Special Values Nicky McCabe 03 Jan 198,639230.2219,88931,6350.012
Gear4music Dean Murray07 Jan 193,0002146,420197,5200.943
Gear4music Christopher Scott (cfo)07 Jan 194,40022810,032104,8400.501
Gear4music Gareth Bevan07 Jan 194,40022810,032114,7600.548
Gear4music Eric Ford (ch)07 Jan 1910,00024024,00030,0000.143
GETECHPeter Stephens03 Jan 1955,00031.7517,4631,943,5005.174
Good Energy  William  Whitehorn04 Jan 199,0001009,00042,0000.253
IMImobile John Allwood (ch)04 Jan 1910,000215.19921,52020,0000.030
Immunodiagnostic SystemsPeter Kaspar04 Jan 193,0001885,64018,1000.063
Minds + MachinesHenry Turcan03 Jan 19250,000615,0007,125,0000.770
Minds + MachinesHenry Turcan07 Jan 19220,000613,2007,345,0000.794
Next Michael Roney (ch)03 Jan 191,7204358.6674,96938,2750.027
Next Michael Roney (ch)03 Jan 191,8574361.3280,99036,5550.026
Odyssean Investment Trust Jane  Tufnell (ch)09 Jan 195,18795.1994,93814,6160.017
Odyssean Investment Trust Arabella Cecil 09 Jan 195,19995.24,94914,7170.017
Polar Capital Technology Trust Tim Cruttenden03 Jan 191,0001102.1611,0221,0000.001
Templeton Emerging Markets Inv Tr Charlie Ricketts03 Jan 195,000678.7533,9385,0000.002
The Property Franchise  Paul Latham08 Jan 1925,00011528,75050,0000.194
TT Electronics Michael Baunton 03 Jan 195,0001989,900104,5980.064
U and I  Richard Upton07 Jan 1917,15620434,9983,280,1052.615
UIL David Shillson03 Jan 194,7211758,26284,2840.094
UIL Warren McLeland03 Jan 194,7211758,26266,6730.075
UIL Alison Hill03 Jan 194,7211758,26242,7940.048
Utilico Emerging Markets Trust Anthony Muh03 Jan 197,91420616,303166,3780.072
Utilico Emerging Markets Trust Garry Madeiros 03 Jan 194,94520610,187221,6010.096
Utilico Emerging Markets Trust Garth Milne 03 Jan 193,1882066,567787,5060.341
Utilico Emerging Markets Trust John Rennocks (ch)03 Jan 192,9642066,106135,0950.059
Utilico Emerging Markets Trust Susan Hansen03 Jan 193,9912068,22189,4940.039
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Haydale Graphene Industries Raymond Gibbs03 Jan 1916,00031.855,096376,4531.377
*Pacing/tender/open offer ♥Spouse/connected party