Nexxen Share Discussion Threads

[holgerbb] 09/3/2024 08:11

What I can t get my head around is who is selling at these levels as you know that we have a buyer who constantly buys around 100000 shares daily ? Even if I want to get out I would wait a bit and let the share price get to some decent level

[ragos] 09/3/2024 07:37

Holger,
Looks like I am not the only pessimist around.
Analyst firm Adr sp$ Adr sp£ UK share price £ (1£=1.27$)

Lake St 7 5.5 2.75
Stifel 5.5 4.33 2,16
RBC Capital 8 6.29 3.14
Needham 6.5 5.11 2.55

!!Cavendish 10 LOL! Ofer's paid poodle!

Looks like the best I can hope this year is £3.

R

[ragos] 09/3/2024 07:31

Holger,
Looks like I am not the only pessimist around.
Analyst firm Adr sp$ Adr sp£ UK share price £ (1£=1.27$)

Lake St

[brimach1] 08/3/2024 17:36

The last filed Doc 1159, Joint Stipulation of Voluntary Discontinuance with Prejudice, states that....all claims, counterclaims and causes of action asserted by or on behalf of any party are voluntarily discontinued, with prejudice and without fees and costs to any party:

My reading….. both parties will be paying their own legal fees. I guess Nexxen will be paying same out of the cash element they’ve agreed with LG/Alphonso.

Extract…A case dismissed with prejudice is a legal way of saying a case was dismissed forever or permanently. A dismissal with prejudice means that the case is dismissed along with the loss of certain rights. In this case, the plaintiff’s right to file a lawsuit against the defendant on the same legal grounds is lost.
You may want to dismiss your own case “with prejudice” when you know that you do not need to come back to court again. Perhaps the defendant has agreed to pay for your damages, you definitively settled the case or you’ve already been paid.

[brimach1] 07/3/2024 17:30

Tremor International Q4 2023 Earnings Call Transcript....

hxxps://www.fool.com/earnings/call-transcripts/2024/03/06/tremor-international-trmr-q4-2023-earnings-call-tr/

[ragos] 07/3/2024 15:53

LOL!
That is really useful! 275 and 216. I must get some!
LOL! Stifel very optimistic as usual!
Mind you, if I had listened to them when we were at £8, I wouldn't be in such a pickle!

R

[holgerbb] 07/3/2024 14:11

Lake street and Stifel price target raised today to USD 7 and 5,5 respectively both buy rating

[loafofbread] 07/3/2024 07:46

MCap $350M, Cash $146M, EPITDA £100M?

So what price for us a year out if we hit $100M EBITDA and end the year with $200M Cash.
That's after a year long share buyback that takes another $30M of stock, off the market.

9 weeks into the first qtr must have given them some idea of how things are going and some confidence in their forecast?

Not sure about £10 this year but an easy double in anyones book?

Can't be to long before another Sky News 'exclusive'because if anyone was really interested now would be the perfect time.

[holgerbb] 06/3/2024 21:39

Super helpful. Thanks for that clear explanation

[1gw] 06/3/2024 21:07

Cash movements can be difficult to rationalise without detailed notes in the accounts to explain them.

If you compare the 30th September balance sheet with the 31st December balance sheet you will see what happened to trade working capital in 4Q:

30th September
$188m trade receivables
$153m trade payables

31st December
$202m trade receivables
$183m trade payables

So they went from $35m trade working capital ($188m receivables less $153m payables) to $19m. i.e. they appear to have created $16m of positive cashflow by allowing their amounts owed to suppliers go up faster than their amounts owing from customers. But there is nothing to say whether this was just a function of the normal cycle of business or whether, for example, they managed to extend the payment terms with their suppliers (or even just left some bills unpaid).

There was also a tax impact by the look of it. Cashflow statement for 9 months to September shows $4.0m tax benefit (i.e. $4m of the "profit" is a tax benefit which is non-cash) whereas for the full year it shows a $2.5m tax expense. So that suggests a $6.5m cashflow benefit in 4Q from this tax accounting. There's also a difference in taxes actually paid (i.e. cash) but this is much smaller than the taxes due impact.

So $19m trade working capital plus $6m tax accounts for quite a lot of the increase in cash in 4Q.

The good news is that the net cash balance had increased further up to 4th March. But whether that is a further "squeeze" on suppliers, or further tax effects, or a payment relating to the Alphonso/LG settlement or just underlying profit is pretty much impossible to say (from today's RNS).

[holgerbb] 06/3/2024 20:44

Even more confusing but nice to have

Benefited from positive working capital according to Cavendish!!! Well don t understand where the money comes from. Did not pay all bills in the quarter Does that sound right ?

[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