Next (NXT) chief executive Lord Wolfson says the UK retail market remains “volatile” and that the company must adapt to “rapid structural change”. This has been the firm narrative across the global retail industry for years, but its effect has been firmly felt on the UK high street in 2018, particularly in an environment plagued by political and economic uncertainty.
IC TIP:
Buy
at
5,120p
Next is fighting back, reporting a 3 per cent rise in revenues at the halfway stage and a 1 per cent rise in statutory pre-tax profits to £311m – enough to outperform the group’s typically conservative guidance, issued earlier this year. It’s also prompted chairman Michael Roney to top up his shareholding via two separate transactions, together nearly £300,000.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Altitude | Graeme Couturier | 11 Oct 18 | 15,666 | 71.49 | 11,200 | 15,666 | 0.029 |
Anglo Pacific | Patrick Meier (ch) | 11 Oct 18 | 14,250 | 138 | 19,665 | 231,927 | 0.128 |
Arc Minerals* | Jonathan de Thierry | 15 Oct 18 | 66,667 | 4.5 | 3,000 | 13,559,555 | 2.149 |
Arc Minerals* | Donald Bailey | 15 Oct 18 | 222,223 | 4.5 | 10,000 | 7,263,890 | 1.151 |
Arc Minerals* | Brian McMaster | 15 Oct 18 | 222,223 | 4.5 | 10,000 | 2,222,223 | 0.352 |
Arc Minerals* | Nicholas Von Schirnding (ch) | 15 Oct 18 | 2,222,223 | 4.5 | 100,000 | 13,326,198 | 2.112 |
Audioboom | Michael Tobin (ch) | 11 Oct 18 | 188,508 | 1.38 | 2,601 | 2,265,019 | 0.193 |
Bigblu Broadband | Michael Tobin (ch) | 11 Oct 18 | 31,578 | 95 | 29,999 | 206,099 | 0.363 |
Bodycote | Anne Quinn (ch) | 11 Oct 18 | 10,000 | 803.9 | 80,390 | 11,000 | 0.006 |
Boot (Henry) | Darren Littlewood (fd) | 11 Oct 18 | 5,000 | 270 | 13,500 | 77,500 | 0.058 |
Breedon | Patrick Ward (ceo) | 11 Oct 18 | 75,000 | 64.7 | 48,525 | 397,847 | 0.024 |
City Pub* | Clive Watson (ch) | 15 Oct 18 | 68,182 | 220 | 150,000 | 2,638,714 | 4.304 |
ConvaTec | Jesper Ovesen | 15 Oct 18 | 5,000 | 141.3 | 7,065 | 133,889 | 0.007 |
ConvaTec | Jesper Ovesen | 15 Oct 18 | 40,000 | 141.8 | 56,720 | 128,889 | 0.007 |
ConvaTec | Frank Schulkes (cfo) | 15 Oct 18 | 65,000 | 150.42 | 97,773 | 165,000 | 0.008 |
Diageo | Javier Ferrán (ch) | 12 Oct 18 | 30,000 | 2524.95 | 757,485 | 179,644 | 0.007 |
Diversified Gas & Oil | Bradley Gray (fd) | 11 Oct 18 | 12,500 | 107.5 | 13,438 | 2,222,981 | 0.410 |
Frontier Developments♥ | James Mitchell | 11 Oct 18 | 7,357 | 1058.6 | 77,881 | 87,923 | 0.228 |
Grafton | Michael Roney (ch) | 11 Oct 18 | 10,903 | 690 | 75,231 | 22,432 | 0.009 |
Harworth | Owen Michaelson (ceo) | 15 Oct 18 | 41,322 | 121 | 50,000 | 316,412 | 0.098 |
Harworth | Owen Michaelson (ceo) | 16 Oct 18 | 40,530 | 122 | 49,447 | 356,942 | 0.111 |
hVIVO | James Winschel | 12 Oct 18 | 6,420 | 62.3 | 4,000 | 79,558 | 0.099 |
Invesco Income Growth Trust | Tim Woodhead | 11 Oct 18 | 6,000 | 259.67 | 15,580 | 6,000 | 0.010 |
ITE | Mark Shashoua (ceo) | 15 Oct 18 | 50,000 | 62.3 | 31,150 | 1,146,521 | 0.156 |
ITE | Mark Shashoua (ceo) | 15 Oct 18 | 30,000 | 63 | 18,900 | 1,096,521 | 0.150 |
JKX Oil & Gas | Christian Bukovics | 12 Oct 18 | 30,000 | 41.4 | 12,420 | 30,000 | 0.017 |
JPMorgan Asian Investment Trust | June Aitken | 15 Oct 18 | 10,000 | 311 | 31,100 | 10,000 | 0.011 |
Midwich | Stephen Lamb (fd) | 11 Oct 18 | 1,000 | 576.25 | 5,763 | 6,000 | 0.008 |
Midwich | Stephen Lamb (fd) | 11 Oct 18 | 1,000 | 584.99 | 5,850 | 7,000 | 0.009 |
Midwich | Stephen Lamb (fd) | 11 Oct 18 | 500 | 584.99 | 2,925 | 7,500 | 0.009 |
Moneysupermarket.com | Bruce Carnegie-Brown (ch) | 11 Oct 18 | 40,000 | 263.2955 | 105,318 | 90,000 | 0.017 |
Murray Income Trust | Stephanie Eastment | 12 Oct 18 | 700 | 716 | 5,012 | 1,925 | 0.003 |
Nanoco | Brian Tenner | 16 Oct 18 | 158,543 | 32 | 50,734 | 158,543 | 0.055 |
Next | Michael Roney (ch) | 11 Oct 18 | 4,651 | 5348 | 248,735 | 33,778 | 0.024 |
Next | Michael Roney (ch) | 12 Oct 18 | 920 | 5430 | 49,956 | 34,698 | 0.025 |
Oakley Capital Investments | Peter Dubens | 12 Oct 18 | 58,920 | 185 | 109,002 | 9,218,972 | 4.501 |
Oakley Capital Investments | Peter Dubens | 11 Oct 18 | 75,000 | 187 | 140,250 | 9,160,052 | 4.473 |
Pacific Assets Trust | James Williams (ch) | 12 Oct 18 | 10,000 | 248 | 24,800 | 50,000 | 0.042 |
Paragon Entertainment | Mark Pyrah | 12 Oct 18 | 261,193 | 1.68 | 4,388 | 19,366,341 | 10.319 |
Personal Assets Trust | Robin Angus | 16 Oct 18 | 4 | 39350 | 1,574 | 4,752 | 0.208 |
Personal Assets Trust♥ | Robin Angus | 16 Oct 18 | 5 | 39350 | 1,968 | 4,762 | 0.208 |
Personal Assets Trust | Robin Angus | 16 Oct 18 | 5 | 39375.4 | 1,969 | 4,748 | 0.208 |
Personal Assets Trust♥ | Robin Angus | 16 Oct 18 | 5 | 39375.4 | 1,969 | 4,757 | 0.208 |
SDL | Glenn Collinson | 12 Oct 18 | 6,500 | 472.11 | 30,687 | 43,000 | 0.047 |
Sequoia Economic Infrastructure Inc Fund | Robert Jennings (ch) | 12 Oct 18 | 22,800 | 106 | 24,168 | 240,000 | 0.023 |
Sequoia Economic Infrastructure Inc Fund | Sandra Platts | 12 Oct 18 | 2,934 | 106 | 3,110 | 19,073 | 0.002 |
Synairgen* | Phillip Monk | 15 Oct 18 | 46,875 | 16 | 7,500 | 230,314 | 0.211 |
Synairgen* | John Ward (fd) | 15 Oct 18 | 62,500 | 16 | 10,000 | 339,006 | 0.310 |
Synairgen* | Richard Marsden (ceo) | 15 Oct 18 | 156,250 | 16 | 25,000 | 310,682 | 0.284 |
TT Electronics | Michael Baunton | 11 Oct 18 | 2,256 | 220 | 4,963 | 83,810 | 0.051 |
TT Electronics | Michael Baunton | 11 Oct 18 | 4,517 | 220 | 9,937 | 88,327 | 0.054 |
TT Electronics | Michael Baunton | 11 Oct 18 | 9,029 | 220 | 19,864 | 97,356 | 0.060 |
TT Electronics | Michael Baunton | 11 Oct 18 | 1,122 | 220 | 2,468 | 98,478 | 0.060 |
TT Electronics | Michael Baunton | 11 Oct 18 | 1,120 | 221 | 2,475 | 99,598 | 0.061 |
Volution | Ronnie George (ceo) | 11 Oct 18 | 10,000 | 170 | 17,000 | 5,632,833 | 2.832 |
YouGov | Ashley Martin | 12 Oct 18 | 5,617 | 445 | 24,996 | 5,617 | 0.005 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Surgical Innovations | Nigel Rogers (ch) | 16 Oct 18 | 416,830 | 2.95 | 12,296 | 6,610,000 | 0.845 |
* placing/tender/open offer ♥ spouse/connected party |