If ever there was a company to follow as far as structure and finance are concerned, then the FTSE company Next has set a high bar for others to follow. If the retailer is able to beat analysts’ expectations and post better-than-expected earnings per share, this will be ten years in a row that they have been able to do so.
The company may have been somewhat isolated with its strategy when it embarked on a catalogue-style selling template all those years ago, but the transferability of this into an online template has seen the company lead the pack for many years. The company is run by the enigmatic CEO Simon Wolfson who has been at the helm for the last 13 years and, still at the relatively young age of 46, no doubt still has plenty of innovative ideas to offer the firm.
The shares have performed particularly well and from January 2013 are up 79%, 22% in 2014 alone. From a technical point of view, the bullish trend that the stock is in looks set to continue, and although last week’s all-time intra-day highs, around the 6750p level, seem a little too rich, the 50-day moving average should offer support for any pull-back in the price.