Nexxen Share Discussion Threads

[arthur turner] 13/3/2024 14:03

If as some maintain,the company is not making money. Can somebody tell me how we have so much cash and are able to afford over 100M plus of share buybacks ? All I hear is we’re not delivering! Surely we should be up to our ears in debt, particularly after the Amobee purchase and all the restructuring. I genuinely don’t know.

[gadgie2] 13/3/2024 12:27

As each day passes less and less shares avail and just after Easter we should have another buy back won't be at all surprised if we don't throw $30 million at it lol

[tractorhead] 13/3/2024 12:24

Relatively big volume today... and the price doesn't move. Who who who keeps frigging selling? It HAS to be one of the bg II getting out on the sly? With the help of management? Is that even possible? Otherwise it can only be PI who have stuck this long and now selling at these low prices? Why would they do that?

Frustrating and depressing!

You would have thought all these buy backs would eventually start supporting the price. It is defying logic and gravity.

[ragos] 13/3/2024 07:11

Fine words!
The proof of the pudding.....


R

[brimach1] 12/3/2024 20:36

“While competitors were able to focus exclusively on pitching customers for 2023, we were occupied with redefining our offerings, refining our story in market, as well as enhancing our platform capabilities, talent base, and marketing efforts for the longer term”.


Transcript extract….Throughout 2023, we were impacted by challenges related to the complex integration of Amobee, which contributed to a weaker than initially anticipated contribution ex-TAC. Keep in mind, with Amobee, we took a roughly 1,000-person company and integrated it with our preexisting employee base of around 600 employees to create a roughly 900-employee company at the end of 2023, a massive task which required a tremendous amount of the management team's focus. While competitors were able to focus exclusively on pitching customers for 2023, as soon as the acquisition closed, we were occupied with redefining our offerings, refining our story in market, as well as enhancing our platform capabilities, talent base, and marketing efforts for the longer term.
Additionally, the amount of time, resources, and focus required to combine platforms and integrate Amobee stack, establish our sales leadership team, and train our teams to sell an expanded product suite negatively impacted sales growth, largely through spending associated with several managed service clients, but we now believe we have the right platform and team in place and are seeing notable improvements. The good news is the bulk of these challenges are now behind us, and we are confident that Nexxen's sales team is strongly positioned to drive growth in 2024 as they are exclusively focused on selling, as opposed to integration initiatives, and are armed with a significantly enhanced platform loaded with in-demand tech and data capabilities. We continue to believe the short-term pain related to integrating Amobee will be well worth the long-term gain. We are also cautiously optimistic market conditions will improve in 2024 and agency customers will increasingly migrate from the lower-cost solutions they sold in 2023 to our premium programmatic video and streaming solutions.
Now, it's time for us to execute.

[jonc] 12/3/2024 19:00

Stock in treasury being err "borrowed" to further line the pockets of criminals.But who cares.But who checks.

[ragos] 12/3/2024 18:24

I can answer that Wheeze....
£4,932,200 to go!
At about £2 average ( lower with today's drop)
24+- trading days ie by just after Easter.

Might go lower though!!!

R

[wheeze] 12/3/2024 17:03

Thanks for your responses all. Next question to anybody who has been keeping a tab is how many more 100k days before the money runs out ?

[holgerbb] 12/3/2024 13:16

on the bright side next earning report according to bloomberg 30/5/24 i go in hibernation now and good luck to everyone

[whites123] 12/3/2024 11:17

wheeze12 Mar '24 - 07:06 - 460 of 462
0 1 0
Can someone tell me where the daily one hundred thousand is coming from ?


I have been asking and pondering this for a long long time.
The sheer volume now bought back would have triggered % declarations if it were a large holder.

Are they ignoring market rules regards notifications?
Is there something afoot which isn't 12 inches?

I personally find it inconceivable these daily amounts are being filled by retail holders. It could be that, but to me it just does not add up.

Clearly though Ofer will know where they are coming from and if there are irregularities in holding declarations then he and the board must be happy with it.

I think when it pops it will pop with a bang.

[holgerbb] 12/3/2024 09:10

how wired now we traded already over 110tsd shares something has to give eventually

[ragos] 12/3/2024 08:01

Wheeze,
We are all asking the same question!
We don't know and someone is keeping mum!
You would have thought a % point would have been triggered.

R

[wheeze] 12/3/2024 07:06

Can someone tell me where the daily one hundred thousand is coming from ?

[ragos] 12/3/2024 07:03

DbD,
I am sure they don't know the word, never mind feel it!


Brimach1,

I totally agree with you there.

I am looking to the next 4 quarters for evidence.

If they come short, not sure what any of us can do other than jump ship and drown!

As of this morning,
12/03/2024 100000 199.1 5285128 £10824177


R

[death by donut] 12/3/2024 06:04

Re the silenceEmbarrassment?DbD - Long

[brimach1] 11/3/2024 23:43

Muthadruker…Your assessment and sentiment is undeniable. I’m sure there were others, like me, nodding their head in agreement as they read through your posts, each with a sense of foreboding in that they are invested here and, at the current sp, feel trapped. Everyone with an invested interest here, including Druker and Sagi Niri, know that this year we are drinking in the last chance saloon. It’s absolutely about execution from here and unfortunately, 1Q is historically the weakest quarter of the four, so I’m not raising my hopes for that quarter unduly, but personally, I'll need to see traction from 2Q onward and for that to continue to build meaningfully through 2H. It’s just got to happen. They gotta execute. I believe they can.

Re your, Surely, they can find a buyer at £4/5 a share (and) it’s incredibly frustrating to see Viant for example with half our revenue, half our Ebitda and twice our market capitalisation.

Unfortunately, Nexxen is AIM listed, Viant’s not. That’s an issue for me but that said, if Druker and Co produce the numbers this year, then I don’t think we will need a buyer in order to reach your £4/5. Fail again and the outcome is binary.

[holgerbb] 11/3/2024 21:40

LOL well I get some confidence out of the last two quarters being slightly better than expected. I can see that mm misjudged the loss of business due to the integration period which districted lots of trust.However ACRis the name of the game for me and if they meet or better next quarter expectations again with a better outlook I can see a brighter future ahead.

[muthadrucker] 11/3/2024 19:21

What I can’t get my head around is the total silence from the IIs. They have been trying to sell this company for over two years now and last year they instructed Goldmans to find a buyer. The court case, the integration, the re branding are all done now but still the IIs say nothing. I never expected a return to £8/share but it’s incredibly frustrating to see Viant for example with half our revenue, half our Ebitda and twice our market capitalisation. Surely they can find a buyer at £4/5 a share. Or maybe prospective buyers just see what we see

[ragos] 11/3/2024 18:52

Mutha,
We have two clear camps :- Those who tend to give ofer some credence and those, like you and I, who totally don't believe a word ofer utters.

I believe in numbers and they do not lie.

Does any of this get back to him? I suppose his highly paid PR team insulate him from reality and they all live in cloud cuckoo land happy ever after.


R

[muthadrucker] 11/3/2024 17:11

Hate to double down on the negative but nothing management says is believable. Last May we were supposedly “rocking and rolling”. and the fruits of the Vidaa partnership were expected to kick in big time in Q4. That was half way through a q2 which only a few weeks later turned out to be a disaster. And of course Vidaa delivered not a lot if anything in Q4. Issues to do with sales forecasts apparently which turned out to be porky pies. But not to worry we have a new sales team now so it will all be fine.
And while self serve is going through the roof, ctv revenue is going through the floor. The markets don’t pay any attention to what they say anymore, they just look at the numbers.
The best comment of all of course was the one about the billion dollar investment in the platform over the years. What an absurd and meaningless statement to make. If only they had invested the billion in Nvidia shares instead, now that would have been meaningful.
Finally, Ofer seems to have forgotten what an earnings call is for. It’s supposed to be about earnings but they spend more than 40mins talking about the tech and the platform which still ain’t delivering. End of rant

[ragos] 11/3/2024 16:36

LOL! Such a funny guy Holger! In the LONG GAME, we are all dead!

R

[holgerbb] 11/3/2024 15:03

Self-service enterprise solutions are typically less vulnerable to advertising demand shock, which is a core reason we are focusing on self-service and are accepting of some short-term pain in order to capitalize on the long-term gains we expect. Self-service contribution ex-TAC doubled in Q4 2023 from Q4 2022 and more than doubled in full year 2023 versus full year 2022.

Self service is the long game if I understand them right and that is going the right way I hope :)

[tractorhead] 11/3/2024 14:25

A few of the billionaires are selling large chunks of their shares (Zuckerberg, Bezos, Walton family etc).

Makes me very worried.

These folk are in the know about a lot of (deep state?) stuff that we are not. Are they preparing for big economic downturn and sell off?

None of them can be trusted that's for sure.

What can we little PIs do? Hang on and hope?