Nexxen Share Discussion Threads

[wheeze] 01/3/2024 07:33

Tapa7, good post. I agree it is time to shake things up, we've been waiting long enough

[tapa7] 29/2/2024 22:47

we are so cheap the street has us at a fwd PE of 6.5 in 2025 and that's without buybacks. The potential here is enormous. Lynch would love our PEG.

Dec 2023
EPS / Growth / PE
0.44 -63.75% 11.72
Dec 2024
0.58 33.33% 8.79
Dec 2025
0.79 36.21% 6.46

[tapa7] 29/2/2024 22:40

amt - Great question and I would say it is because Magnite trades solely in the US and is extremely well known in the US as the largest independent sell side service + they've already had earnings

Best thing Nexxen can do for investors is get the hell out of the dead LSE and go all in US, after all they're a business that makes the vast majority of their revenue in the US they don't need dual listing - and I don't think anyone would disagree.

And whilst they're at it, they should also change the headquarters to silicon valley.

Had they done this before it would have added a ton more value than any buyback scheme they've done so far.

[digitalis] 29/2/2024 17:30

Trust issues amt?……….Ofer has some relations to build back up…….US remembers his underwhelming Nasdaq screwing of their funds…..then going on to blow the lot by courting overpriced struggling co.s
Next week could be the start of the book building

[amt] 29/2/2024 17:17

Magnite up 33% in a month Nexen only 8% what is going on?

[digitalis] 29/2/2024 17:14

Lol…….shotgun wedding I like that……..let’s not dress the bride to be in anything too special

[ragos] 29/2/2024 15:56

Muth,

LOL! You think? Very funny indeed. Used to be called shotgun wedding!

Not much will happen until after the cc. Some of us think me might get a clue.


R

[muthadrucker] 29/2/2024 15:38

I think we need to acknowledge that this is not a partnership of willing participants. LG have engaged under sufferance as a means of paying compensation without incurring reputational damage. The limited access will be designed to generate a specific amount of compensation and no more and it will be carefully monitored. It will end in 3 years time. We can only speculate as to the amount but whatever it is we should expect to see it reflected in additional revenue guidance for each of the next three years

[takeiteasy] 29/2/2024 15:05

given the caliber of the entities involved. indeed....

One of the entities may claim to have enormous skills in product design, team management, IT strategy and financing skills, but has singularly failed in practice in terms of a controlled growth of the enterprise in terms of the financial results.

Yes, we want to believe the hype and hoopla on these conference calls - patience is wearing thin - but I am young enough to have time that they develop these skills and learn to deliver effectively :)

Imvho if their forecast for 2024 is lower than 2023 revenue we will be back to the lows ...I hope I am wrong - but have my safety jacket on just in case...dyor etc

[whites123] 29/2/2024 14:41

There are significant developments that demand attention and consideration. The buyback of shares alone has removed a substantial number from circulation, raising questions about their origin, especially since they don't appear to be from major holders who should be transparent about such transactions. The sheer volume over several months suggests that retail investors may not be the primary source.

Additionally, recent news adds layers to the complexity. Regardless of personal opinions about certain individuals, it is hard to deny the value brought by the cessation of litigation. While the exact monetary value remains unknown, it is crucial in reducing speculation, fear, and the overall costs associated with legal proceedings.

The commercial strategic collaboration is another aspect that merits recognition. The involvement of major entities like Alphonso and LG, both multi-billion dollar corporations, signals potential for significant outcomes. Dismissing the collaboration and litigation settlement as having no value seems counterintuitive, given the caliber of the entities involved.

The market's lack of transparency raises concerns, prompting speculation about potential bending of rules and regulations. The observed changes suggest that something significant is occurring, and without clearer information, there is a growing sense that market dynamics might be undergoing unconventional shifts.

There is not a person alive that can convince me that the share price should be where it was prior to yesterdays news.

[holgerbb] 29/2/2024 12:25

Just seeing Nexxen ringing the Nasdaq closing bell :). Sign of a better Nasdaq future I hope

[ragos] 29/2/2024 10:36

LOL, Midas!
Looking at my half empty glass, I see putin riding his tanks, xi swimming the channel to taiwan and the mad mullahs egging everyone else from their safe bunkers selling/gifting drones, ballistic missiles!

Have fun.


R

[whites123] 29/2/2024 09:25

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.

[takeiteasy] 29/2/2024 08:49

Only Ofer will know what it is in the results - let's hope they are fantastic but several recent releases have been followed by a precipitous drop with huge costs to the SIPP value and not fun to be a holder.

Hypothetically, if he does not have much excitement to report, then the last thing he wants is to hype the share price just beforehand and bring in a load of new holders from the most recent release to drop them all back down a week or so later if the results fail to excite.

If the results dazzle then all this is just me being cautious - but the last few years have not been fun here at all...he simply has to show some form of decent growth forecast in 2024 to avoid falling back from here imvho...dyor etc

[ragos] 29/2/2024 08:42

Whites,
No one is disputing that the resolution of the suit by agreeing a settlement is great whatever the financials.

Small pis like us don't get to know very much, which the large holders are privy to.

I have said many, many times that I wonder why they are hanging on like grim death.

This is the only consideration that stopped me getting out at 8£ as tosca was said to be touting for £12. Neither of us came out well.

We have been talking POTENTIAL since 2004. Twenty years on and a new bunch of pis are still on about potential.
l
One thing I am absolutely certain of is that I won't be around to see it, unless it is soon.

Hope you realise your potential!

R

[whites123] 29/2/2024 08:01

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.

[amt] 29/2/2024 06:18

takeiteasy the price shot up 8% initially when I wrote but later on collapsed and ended slightly down. Must have been something in the conference call that caused the fall since the results were well ahead of consensus.

[takeiteasy] 28/2/2024 23:01

amt - not quite sure on your last statement - says down on my print....let's see tomorrow..

[amt] 28/2/2024 21:19

Magnite stock.price soaring after hours

[amt] 28/2/2024 21:18

Magnite strong Q4 beating guidance.
Strong 2024
We delivered a strong fourth quarter with CTV and DV+ revenue both exceeding the high end of our guidance ranges. We are even more encouraged to see improving top line trends to start 2024, particularly in CTV” said Michael G. Barrett, President and CEO of Magnite

[digitalis] 28/2/2024 20:37

Lol….I couldn’t have written it better myself so9…..we do know whits don’t come easily to over paid ceo,s that’s why they walked into the Alphonso/lg trap in the first place…..a financially disastrous situation unfolded for the company and was played down this side of the pond even though legal documents stateside indicated it was a huge issue……
Next week’s numbers crucial…..I217;ve hedged my bets by taking that chunk off the table a few weeks ago so for me it’s over to Ofer and the cronies

[severnof9] 28/2/2024 19:51

All litigation ends in compromise or defeat for one party. I'd far prefer certainty over uncertainty. It also prefer transparency over obfuscation.

I am somewhat concerned that we do not know the length of the VIDDA contract and the L&G deal is only for some premium CTV. Each a material uncertainty for me.

We do not know the value of the settlement sum or the timing of payment. I suspect it will be on the drip over the 3 year timescale of the partnership as a set off for an access fee. We are unlikely ever to know unless it is material. My guess is that its not. Otherwise we'd know.

Ofer is more tight lipped than Mossad. Lets hope he has his whit's about him and he's not walking into a trap. However, another 3 years of collecting his bonus will see him alright anyway. My conclusion, he doesn't have shareholders interest at heart!

[gadgie2] 28/2/2024 18:00

One Day Sikh One Day !!!

[sikhthetech] 28/2/2024 17:34

As expected, the court case outcome took years. Still not a good outcome from the court case then.

Reminds of Nano, where the legal case took years, only for an agreement and jointly moving forward.


Obviously, wasn't a clear cut case.

Because of the legal battle, there'll be the lack of trust between them going forward.



sikhthetech 9 Nov '21 - 13:20 - 13892
brimach,
"written just over three weeks ago on the 19th Oc,t sees no impact from all this legal malarky"
Does it? It can take months for the court outcome to be known.

[barkbooo] 28/2/2024 16:43

Brimach - thanks for your take…..perhaps I am being unduly nervous with this news. Ofer has fallen way short in recent times - he now has a lot of work to turn things round.