Nexxen Share Discussion Threads

[gadgie2] 28/2/2024 16:05

Nexxen International Ltd Announces Groundbreaking Partnership with Alphonso Inc and LG Electronics Inc

[takeiteasy] 28/2/2024 15:48

So how do they disclose this payment in the accounting records in the next set of financials - the only way I can see they avoid disclosing separately if they argue the value is not material....

[brimach1] 28/2/2024 15:45

RE your….Why was the cash settlement hidden? Ffs.

I posted some of this a while back.

(1)Generally speaking breach of contract cases, rarely get tried before juries because jury trials are risky in that they are expensive for the looser, they can set a legal precedence, produce higher awards, create permanent public records and thus cause Brand damage and forced accountability, and, very importantly…Jury trials almost always offer the right to appeal.

On the other hand, a negotiated settlement offers certainty, a speeder outcome , less risk, reduced costs, privacy, no public record i.e. protection from all that’s listed in (1) above via an agreed Non Disclosure Agreement visive the case going to Jury where all the dangers in (1) above apply.

There was no certainty that Tremor/Nexxen would have won the level of damages they sought. Better to have the certainty of a negotiated settlement that’s been worked through amicably with the legal teams from both sides, rather than risk a long drawn court case and an appeal that would (most likely) follow a Jury trial. The trade-off may well be a settlement that is less than the original claim (often inflated anyway) and a lack of open transparency in regard to the nitty gritty of the settlement, for outsiders .

[tapa7] 28/2/2024 15:40

I figured that if we received $xxM% and the market is only pricing us up 3%, neglecting the huge boost in our finances, that's the markets fault and probably a heck of an opportunity.

I'll continue to wait for the end of the session to see if the hype continues to fade and then I'll buy a few more last minute before it closes.

[ragos] 28/2/2024 15:28

Let the numbers speak.....
There are no numbers in this mornings RNS.
Market cap has reduced, cash has disappeared, we carry debt with interest to pay,
margin has decreased and we are lossmaking on lower cap.

When the numbers change, I'll change as well.

that's me done........enjoy the ride.

R

[whites123] 28/2/2024 15:04

Despite the prevailing negativity, much of it centered around trust issues with Ofer, it's essential to recognize that investment decisions are not solely based on CEO trust. Mistakes have occurred to the detriment of shareholders, but large institutional holders have maintained their confidence throughout. Takeover rumors, primarily from Sky News, and an extensive share buyback program have had minimal impact on shareholders.

The prolonged litigation, coupled with discussions of substantial settlements ranging from 50 to 250 million, reflects the resilience of damaged investors. Despite the lack of support for the CEO, it's worth noting that if major stakeholders truly wanted change, it likely would have occurred. Now, with the conclusion of litigation and the announcement of a "commercial strategic partnership," it's crucial to look beyond scepticism.

While retail holders may lack detailed information, the partnership with Alphonso/LG, both billion-dollar companies, suggests mutual benefits. Being part of a venture where everyone gains is preferable to merely being on the sidelines. Addressing the undisclosed settlement figure, it's important to appreciate the role of non-disclosure agreements (NDAs). Drawing from personal experience, recent settlements may not be immediately apparent, as confidentiality is paramount.

Ofer's capabilities should not be underestimated, despite portrayals suggesting otherwise. Press attention may be imminent, especially if NEXN was a takeover target, allowing potential buyers access to due diligence details. Instead of dwelling on perceived negativity, now is a time to celebrate positive outcomes. The conclusion of litigation enables a renewed focus on the company, unburdened by legal distractions. It's a favorable result, and supporting the company through increased investment is a more constructive approach than lamenting incomplete information.

[ragos] 28/2/2024 14:57

I am going to keep track of the big holders (>10%) As of today off nexxen website

Mitaq 35,917,422 25.2%
Tosca 22,446,741 15.2%
Schroder 14,328,218 10%

they total 50.4% between them.

R

[ragos] 28/2/2024 14:36

I do not trust ofer one little bit.
I will wait for the audited numbers.

but he has the 3 big boys in his pocket.......

Wait for Mar 6th AND q1, q2, q3, q4 numbers before I believe a word.
This is a guy who took an adr worth 22$, sold it for 19$, took his huge bonus and promptly ran it into the ground at 4$.
It only just above 5$ now.

And you want me to believe his words? The market does not.
I want to get out asap at a point I can afford.

R

[takeiteasy] 28/2/2024 14:22

Can we infer in which direction the cash component is going - ie if we want 65m and they want 80m hypothetically for access we would pay a net 15m ...Wording is so obtuse here you can read into this anything you want

[muthadrucker] 28/2/2024 13:38

Magnite share price has gone up 20% on the back of Pubmatic’s results and Nexxen’s share price goes up 5% on this announcement. Says it all really. Still don’t know why the IIs haven’t binned Ofer before now

[wheeze] 28/2/2024 13:31

I agree with a lot of the comments here. So much murk as typical for Tremor/Nexxen. How much do the lawyers get for the work done so far and pays this bill ? How much left of the settlement after that ?

[gadgie2] 28/2/2024 13:24

I hear you , but we have the tools to help lg monetise better and they need us more now than ever ... we will all come out of this with big revenue streams can't wait ...

[muthadrucker] 28/2/2024 13:22

The dismal response on the boards simply reflects the dismal response from the markets. I said earlier this month that there is no reason to be optimistic at this point and this announcement doesn’t change that. From the markets perspective they remember the deal done with Alphonso, which delivered for about six months but ended in disaster. They remember the Vidaa/Hisense announcement nearly two years ago which concluded 18 months ago and has delivered absolutely nothing yet. Belief in Ofer as a ceo is non-existent so investors are understandably cautious. There’s supposedly a cash compensation component to this deal but we’re not told what it is. Why are they being so coy and making the excuse of an NDA. Nexxen are a public company, if the cash payment is significant then it will eventually show in the Q1 cash position. Of course everything will have move on by then, so if the payment is trivial, Ofer will hope that it will be ignored and the conversation will have moved on to something else. The real worry is that the timing of this announcement is intended to distract us from poor results next week. This is Ofer’s MO and everyone knows it by now.

[tapa7] 28/2/2024 13:19

Well, we have to hope that the management secured a substantial amount of money here.

I am saying this because besides the cash there's nothing else that I see us getting from this settlement.

I mean why is it even called a partnership?

Hear me out :
Nexxen comes out saying they're happy to get access to an unknown portion of LG's CTV media - what portion? is this even on paper? is it 10%, 1% 0.000001%?
Alphonso comes out saying "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," "

What do you think is missing here?
A partnership that does not benefit Alphonso? We have a one sided partnership with another company that let us down in the past and it includes a unmeasurable and undisclosed (to us at least)"portion" of their ctv media? come on...

Give us the cash and stop calling this a partnership.

[barkbooo] 28/2/2024 13:01

Brimach - I have been loyal to this Company for many years, but I cannot get excited about the LG/Alphonse litigation settlement. What does this mean, “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.”…..”a portion of LG's premium CTV inventory” ….”a three-year strategic partnership”

Why was the cash settlement hidden? Ffs.

[brimach1] 28/2/2024 12:27

Sorry to say it folks, but what a dismal response from some on this board to the LG/Alphonse litigation settlement RNS.

Today’s assessments from Whites123 are the standout posts and he very much reflect my own sentiment. The full value of this settlement along with the Alphonso deal will become apparent during the next few quarters. The market needs to wake up to that.

[gadgie2] 28/2/2024 12:19

Hisense, the global home appliance corporation, shipped the second largest volume of TV in the world in 2023, hitting the shipment of 26.11 million, with a year-on-year growth of 6.4%, according to leading market research institute Omdia. It also marks the fastest growth among the top 5 brands globally for two consecutive years.

Several weeks ago, according to another market research institute AVC Revo, Hisense TV shipment ranked second globally in 2023. At the same time, Hisense has been the only brand that has continued to grow in the past six years among the world's top 5 TV brands.

Hisense expands its globalization strategy and optimizes its global footprint in operating 34 industrial parks, 25 R&D centers and 64 overseas companies, as well as deepening the connection between tournaments and football fans through its innovative sport market strategy.

[gadgie2] 28/2/2024 12:15

I was looking forward to next weeks results and indeed the forward looking guidance regarding Vidaa 50 million plus households CTV Data, today's news adds to this significantly oh and don't forget the other game changer with Peerlogix

[whites123] 28/2/2024 11:59

I concur with the projection of reaching £3 by the end of this week, and such an achievement appears highly attainable. A positive finish today with a 15% gain, followed by a 10% increase both on Thursday and Friday, would bring us to the £3.00 mark. Despite the magnitude of the LG deal being potentially transformative for our company, it is noteworthy that there is a lack of coverage in financial news today. This raises intriguing questions: is it due to the complexity of the story, or is Nexxen (Tremor International) still flying under the radar?

The dual listing was initially implemented to enhance liquidity and market presence, and perhaps a catalyst from the U.S. market could invigorate our current situation. Nevertheless, the disparity between the groundbreaking LG deal and the current stock price is perplexing. It prompts reflection on whether retail investors on the sidelines comprehend the implications fully.

It is essential to acknowledge that the company had surplus cash, evident in the buybacks conducted before the resolution of the litigation. The anticipation for further details, which may be disseminated this coming Wednesday, adds to the eagerness surrounding today's news, which holds the potential to be a pivotal moment for our company with LG.

[ragos] 28/2/2024 11:42

I'll drink to that gadgie!

R

[gadgie2] 28/2/2024 11:32

to be honest I will be amazed if this isn't at £3 by the end of the week and next week if we beat estimates and give revised upside for 24 anything is possible here's to £6 Ragos ....

[ragos] 28/2/2024 11:20

Quite agree, Whites.

I don't think the long term holders like Digi, Wheeze,Gadgies etc were expecting the share price to double today! LOL!

We need to hear what ofer has to say, what the analysts have to say.
The guidance for next quarters and ye/24. And see actuals!

Many of us have been around this share a long time and have different b/e points.

As you say, time is required and is /has run out for some.

R

[gadgie2] 28/2/2024 11:14

Why would we get in Bed with the Same Co that tried to destroy us ? Answer is simple we have everything they need to further monetise their Data and we are able to prove we have the best one stop shop for All ... This is Massive everything is gearing towards CTV and our platform has the best method for Advertisers to gain pinpoint accuracy in the Market, Nexxen's pulling power has grown beyond belief with this deal !

Nexxen's platform and data-driven tools augment LG's own advertising, unlocking unique insights to drive more precise and actionable campaign strategies.