Nexxen Share Discussion Threads

[loafofbread] 06/3/2024 20:31

$146M as of yesterday!

[holgerbb] 06/3/2024 20:23

Can anyone explain to me what I am missing. Q3 report showed net cash position of 98.9 mio Q4 report shows net cash position of 134 mio. Purchased share worth around 470tsd in q4 makes cash creation of around eur 35 mio. That’s not to shabby or what am I doing wrong here.

[brimach1] 06/3/2024 17:16

muthadrucker.... 1st quarter aside, I'd wager it will be 2H before we see meaningful traction here.

[muthadrucker] 06/3/2024 17:03

That’s a very realistic assessment and I think that investor confidence will return if they can deliver on H1 and reaffirm or even increase guidance for the full year at that point. The IIs will surely be pushing for a takeover in H2 if things are on track

[barkbooo] 06/3/2024 17:02

For what it worth - I am now a lot happier than I was a few weeks ago. Having said that - Ofer has got to reel back on his insatiable appetite for greed.

[brimach1] 06/3/2024 16:39

Well, I forecast a while back that this restructured business would probably take another 2 years to grow and mature. I’m sticking with that. Integrating a business the size of Amobee and re-branding the company is no minor task. It could not have been achieved over the past year without burden and an adverse impact on the business. The past year has brought about an enormous upheaval for Nexxen and in an unfavorable macro environment to boot.
On the face of it, I’m content with the new business model these guys have built. With the tumult now behind us, I’m rather optimistic for Nexxen’s future and I fully expect to see it progress, quarter on quarter, from here.

[1gw] 06/3/2024 16:12

Just over 10 minutes I think, with an instruction to ask 1 question only.

[tsmith2] 06/3/2024 15:43

did they leave much time for Qs?

[1gw] 06/3/2024 15:01

"We believe strongly in our guidance."

Did he really just say that?

[1gw] 06/3/2024 14:47

(Relatively) modest guidance provided for FY24 isn't really aligned with the seemingly very bullish comments they're making towards the end on the positioning of the company.

[1gw] 06/3/2024 14:41

Ridiculous amount of detail in this call isn't there? Not the right medium for this, in my opinion.

40 minutes and counting on the presentation. Almost as though they're trying to fill out the hour with presentation and reduce the time for questions. If that is so, is it because they are fearful of the questions or because they know they haven't got many analysts on the call to ask questions?

[arthur turner] 06/3/2024 13:47

Well that’s quite a hit to have dealt with and to be able to turn that around with an even more lucrative agreement for the next 3 years could be huge. It should reflect in the figures from this month hopefully and especially if we can regain the lost customers.
Just looking for positives as usual.

[gadgie2] 06/3/2024 13:13

AT we were looking for 65 million plus punitive damages

[tsmith2] 06/3/2024 12:37

another 431k shifted at 12:09

[tapa7] 06/3/2024 12:00

It's above our guidance and the market had us priced in on that guidance. So there's room up for us.

[ragos] 06/3/2024 11:50

looking at q4 results, yoy growth
nexxen -9%
Magnite +6%
Trade desk +23%
Pubmatic +14%
Viant +28%

And you would have me believe this is good?

R

[tapa7] 06/3/2024 11:46

Asking chatgpt what the norm is:

The timing of payment in a lawsuit settlement can vary. It often depends on the terms negotiated between the parties involved. Payments may be made in a lump sum or through a structured schedule, and the process can take days to weeks, or even longer, depending on the agreement and legal procedures.

[tapa7] 06/3/2024 11:42

I prefer to take a more skeptic approach.

There's no mention that the cash position is a result of Alphonso. It could simply be cash from operations and IMO likely it is so.
Moreover if we did get paid there would have to be a note as per my comment above and as you can see there's no mention of values which suggests no payment was yet done.

[tapa7] 06/3/2024 10:23

That's a good point you make there Gadgie. Just because we settled, it does NOT mean we have already gotten paid.

Somehow I assumed we had received the cash already. I may have to look back at what was published that day and the wording that was used.

[tapa7] 06/3/2024 10:21

The only positive thing about the Q4 earnings was the huge drop in SBC.
Positive but also negative. If they're not paying to retain talent then they won't hire any talent.

They paid 1.3m in SBC 23Q4 vs 7.9m in 22Q4
They paid of 19m in SBC in '23 vs 50m in '24

This is very very VERY low compared to what peers are paying to retain their talent.

[gadgie2] 06/3/2024 10:21

Tapa we loaned Alphonso money of which they paid back last year inc interest approx 12 million top of my head .... I can't see any of the settlement figure in these results as stated it was only settled last week

[digitalis] 06/3/2024 10:18

Just dusting my ouija board off to ask dags what he thinks ;))

[tapa7] 06/3/2024 10:17

Gadgie

My maths:
NET Cash as of Dec23: $134m
NET Cash as of March24: $146m

Original thought was: This does necessarily mean Alphonso paid us 12m. We are cash flow positive so some of this cash could have been generated by us between Dec23-March24, and some more provided by Alphonso.


Updated thought: I think it would be illegal to report what cash flow we have done between Dec23-March24 outside of an official ER so perhaps you're right, all of the $12m increment is from Alphonso.

Which by the way is still far from the "dozens of millions" that they had promised.