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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Nexxen International Ltd | NEXN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.50 | 0.22% | 224.00 | 16:29:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 223.50 | 223.00 | 231.50 | 224.00 | 223.50 |
| Industry Sector |
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| SUPPORT SERVICES |
| Top Posts |
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Posted at 28/4/2024 22:52 by tsmith2 Nexxen International Ltd("Nexxen" or the "Company") Nexxen Seeking Authorization for New $50 Million Ordinary Share Repurchase Program Nexxen International Ltd. (AIM/NASDAQ: NEXN) ("Nexxen" or the "Company"), a global, unified advertising technology platform with deep expertise in video and Connected TV ("CTV"), announced today that the Company is seeking authorization to repurchase up to an additional $50 million of its Ordinary Shares from time to time. As an Israeli company, Nexxen is required to comply with newly-adopted Israeli regulations that require the Company to await the expiration of a creditor objection period before the new Ordinary share repurchase program can become effective. The newly-adopted Israeli regulations replace the mandatory Israeli court approval that was in effect prior to the new regulations, resulting in a shorter authorization process. In addition, the commencement of the Ordinary Share repurchase program is subject to receipt of the consent of the Company's bank lenders. Following the expiration of the creditor objection period, and assuming no objections and the receipt of the consent, the authorization will provide Nexxen with the right to repurchase its Ordinary shares, but does not require the Company to acquire any, or a specific number of, Ordinary shares. · The Ordinary Shares will be repurchased on the AIM Market and the repurchase program will be financed through existing cash reserves. · Subject to no Company creditor objecting to the share repurchase program within the timeframe prescribed by Israeli law and the receipt of the consent from the Company's bank lenders, the repurchase program will begin on 1 May 2024 and will continue until the earlier of 1 November 2024, or until it has been completed. · The repurchase program will be independently managed by Cavendish Capital Markets Limited, the Company's AIM broker, which will make trading decisions independently and without the influence of the Company. · The maximum price paid per Ordinary Share is to be no more than 105% of the average middle market closing price of an Ordinary Share on AIM for the five business days preceding the date of purchase. · Share repurchases will be made in accordance with applicable securities laws and regulations, and any Ordinary Shares acquired as a result of the repurchase program will be announced to the market without delay. · Any Ordinary Shares acquired as a result of the repurchase program will be reclassified as dormant shares under the Israeli Companies Law (without any rights attached thereon) and will be held in treasury. · The share repurchase program does not obligate Nexxen to repurchase any particular amount of Ordinary Shares and the program may be suspended, modified, or discontinued at any time at the Company's discretion (if not in a close period), subject to applicable law. · Due to the limited liquidity in the issued Ordinary Shares, any repurchase of Ordinary Shares on any trading day may represent a significant proportion of the daily trading volume in the Ordinary Shares on AIM and may exceed 25% of the average daily trading volume, being the limit laid down in Article 5(1) of Regulation (EU) No 596/2014 and, accordingly, the Company will not benefit from the exemption contained in this Article. The Company will provide an update on, or prior to, 1 May 2024 if the commencement of the Ordinary share repurchase program is postponed due to Company creditor objections or the Company bank lenders not providing consent. |
Posted at 26/4/2024 07:04 by midasx Meanwhile, Alphabet saw a 15 per cent increase in first-quarter revenue and announced its very first dividend of 20 cents per share, alongside a hefty $70 billion stock buyback program. This positive news propelled its shares up by over 11 per cent inSnap, on the other hand, witnessed a remarkable surge of over 30 per cent in its shares following better-than-expected earnings attributed to heightened demand for its advertising services. |
Posted at 22/4/2024 14:31 by basem1 I am hoping sikhtec or whatever his name was has not realised we are now known as Nexn Or is that just wishful thinking Onwards and upwards |
Posted at 12/4/2024 07:18 by whites123 Okay,But has the consideration that LG / Alphonso settlement was far in advance of what has been muted here and that the latest figures would show NEXN awash with cash. No acquisitions lined up and board obviously aware of where the bought back shares are coming from and they thought "How best do we bolster the share price and deliver a much improved share price for our shareholders". At the same time appear to be godlike in turning the misfortunes that have bestowed us for the last few years around. Its an easy assumption and often the most plausible. |
Posted at 10/4/2024 12:54 by whites123 Tapa,You say $134 Million in cash. Is it $134 Million. Debt paid off, more share buy backs and we "Still do not know what the LG settlement was" Could be $150 Million, $175 Million, $200 Million. One thing I think is cast iron certain, Ofer need not pay down debt if there wasn't a game plan and coffers were swelling. NEXN = STRONG BUY |
Posted at 02/4/2024 02:13 by jeffblume Funny at the rate VIDDA is growing, NEXN 25 million dollar investment may be worth more than all of NEXN someday. |
Posted at 31/3/2024 16:20 by jeffblume THIS IS WHY NEXN should rapidly increase revenues logically. However we have been teased with these type of positive catalyst in the past only met with disappointment so time will tellUnited States elections and other worldwide elections advertising budgets are huge Settlement with LG becoming a partner should increase revenues immediately VIDDA RAPIDLY GROWING CONNECTED TO TVS with NEXN BEING AN EXCLUSIVE PARTNER WITH VDDA Completion of buyback with $50 million more if approved on May 1 was just just next month. Conservative guidance Amobee completely integrated with new sales teams ready to ramp up. Extremely low float with a very strong balance sheet and high projected EBIDA LET’S HELP FINALLY WE DON’T GET DISAPPOINTED AGAIN AND THESE CATALYST PAYOFF. THE STOCK COULD MOVE QUICKLY UP. |
Posted at 29/2/2024 09:25 by whites123 I understand your sentiments, Ragos, and can relate to being a long-time investor with experiences that, while challenging, could have been worse. Like you, I've navigated the highs and lows, currently facing a 56% loss with NEXN, though it could have been more severe. The journey has been marked by moments of enthusiasm, often spurred by well-articulated posts, only to be followed by disappointment. Reflecting on the past, there were opportunities to sell and cut losses, a decision some might advocate, but I chose to hold on, fueled by hope rather than sound investment principles.Despite the lingering doubts, I continued to invest over the years. Recently, I added more shares, even at what may have been the peak price of £2.17 yesterday. My conviction in the NEXN story persists, especially considering the puzzling and sustained share buyback program over the months. The origin of these additional shares remains unexplained, given the absence of adjustments in major shareholdings and the unlikelihood of retail investors providing such quantities. While avoiding accusations of wrongdoing, the discrepancy raises questions. However, my optimism gains substance from the Alphonso/LG deal. I believe this partnership will be the catalyst for positive change. It's not just about Ofer; my investment is anchored in the technology and the evolving commercial strategic partnership. While anticipating lackluster results that may not immediately ignite enthusiasm, my confidence lies in the future outlook. The Alphonso/LG deal, I believe, will serve as a transformative force, not only for NEXN but also for the entities involved. This conviction aligns with the interests of significant investors, reinforcing my decision to ride alongside them in the hope that substantial profits will be realized. The upcoming results might not be groundbreaking, but the promising outlook is what I believe will propel NEXN to the next level. |
Posted at 29/2/2024 08:01 by whites123 The community on this forum is impressive, with diverse perspectives even from those holding contrary views. Unlike many forums, it maintains a respectful atmosphere without descending into a playground of one-liners. However, a prevalent scepticism seems rooted in dissatisfaction with Ofer and his bonuses. While some may hold this view, it's essential to note that major stakeholders, with substantial investments, seem content.These significant stakeholders, who hold much more at stake than the average investor, haven't taken steps to oust Ofer. Their satisfaction indicates a level of confidence. Addressing scepticism surrounding the litigation deal, it's crucial to recognize the necessity of non-disclosure agreements (NDA). The positive aspect to celebrate is the resolution of the litigation, turning away from a potential negative outcome with NEXN and instead forming partnerships with billion-dollar powerhouses like Alphonso/LG. The concern that Ofer might be walking into another trap is countered by the assumption that he has legal experts who meticulously crafted the deal. The litigation was a known drain, and while there was a consensus that NEXN had a strong case, legal uncertainties always exist. With the litigation now concluded, the company becomes more attractive, especially considering reports of takeover interest in NEXN. Anticipating upcoming financial results may not yield mind-blowing outcomes, but the focus should be on the future outlook. The partnership formed holds the potential for significant revenue generation. While some holders may remain sceptical due to distrust in Ofer, there are others, including major investors controlling multimillion-pound investments, who express confidence. The decision to support NEXN with continued investment reflects a positive outlook, emphasising the potential benefits of the recent developments. |
Posted at 28/2/2024 07:21 by whites123 28 February 2024Nexxen International Ltd ("Nexxen" or the "Company") Nexxen Reaches Favorable Settlement Agreement with Alphonso Inc. and LG Electronics, Inc. and Enters into Multi-Year Strategic Partnership Alphonso to adopt Nexxen's data-driven tools, with Nexxen gaining access to LG Electronics' premium streaming inventory Nexxen International Ltd. (AIM/NASDAQ: NEXN) ("Nexxen" or the "Company"), a global, unified advertising technology platform with deep expertise in video and Connected TV ("CTV"), today announced it has reached a settlement agreement and launched a three-year strategic partnership with Alphonso Inc. and LG Electronics, Inc. ("LGE"). The executed settlement agreement includes a cash component and a commercial strategic partnership that resolves the disputes underlying the complaints, thus concluding the parties' litigation. Alphonso will grant Nexxen access to monetize a portion of LG's premium CTV inventory and will also leverage Nexxen's data-driven discovery and segmentation tools. "This agreement marks the start of a strategic partnership between two global leaders in the CTV sphere. Nexxen's access to LG's CTV media is a boon for advertisers looking for engaged audiences, unique reach, and global scale across millions of screens. In turn, Nexxen's platform and data-driven tools augment LG's own advertising, unlocking unique insights to drive more precise and actionable campaign strategies. I look forward to building a solid strategic partnership between our companies and am pleased to have put these legal issues behind us," said Ofer Druker, CEO of Nexxen International. "We are happy to have resolved these legal issues and to provide Nexxen access to some of our premium owned and operated inventory on LG Channels," said Serge Matta, President of Global Ad Sales at Alphonso. "We are pleased to focus on cooperation over the coming years." About Alphonso Inc. Alphonso is a global leader in connected TV and cross-screen advertising, helping brands find hard-to-get unduplicated reach at optimal frequency across the fragmented streaming TV landscape. We bring together LG's years of experience in delivering world-class smart TVs to consumers worldwide with big TV audience data and Video AI designed to connect brands with audiences across all screens. About Nexxen International Nexxen International empowers advertisers, agencies, publishers and broadcasters around the world to utilize video and Connected TV in the ways that are most meaningful to them. Comprised of a demand-side platform (DSP), supply-side platform (SSP), ad server and data management platform (DMP), Nexxen delivers a flexible and unified technology stack with advanced and exclusive data at its core. Our robust capabilities span discovery, planning, activation, measurement and optimization - available individually or in combination - all designed to enable our partners to reach their goals, no matter how far-reaching or hyper niche they may be. For more information, visit nexxen.com. Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe, and Asia-Pacific, and is traded on the London Stock Exchange (AIM: NEXN) and NASDAQ (NEXN). |
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