Nexxen Share Discussion Threads

[ragos] 14/3/2024 18:38

Two questions..

1st arthur, I have no idea what their end game is , other that they were asking $12 3 years or so ago. They are undoubtedly in cahoots.

Tosca sold a major part of their then 30% to mitaq. Before that schroder and tosca were working together with a common mouthpiece (can't remember who, something to do with sky).

And, yes!, they work together as they always control 50%, thus the company!
Can you prove it in a court.... circumstantial so no! And management is complicit, as they get their share incentive, no questions asked.
Sod the pis.

Tractor, however much you and I moan, they are laughing all the way to the bank.
because Ofer and the three mousquetaires control everything. All they are doing is quietly transferring the cash via share incentives.

Though lower in their priorities, it is still worthwhile getting the share price as high as possible. Our chance comes to get out at some acceptable level.

R

[arthur turner] 14/3/2024 18:09

Ragos, what do you think is the end game of the major shareholders ? It must be one of them selling at the moment, by the time any revised percentages are up issued I’ve forgotten what they were, they must be in cahoots. It seems the total of their joint holdings is always around the 50% mark.

[digitalis] 14/3/2024 17:12

Lol…….number 2 is a diamond……;…….

[tractorhead] 14/3/2024 17:10

I have quized investor relations on the issue of despite all the buy backs the number of voting rights never goes down... and they say that there are two policies running side by side but not connected

1. buy back

2. incentivising managment with share rewards

the two are both designed to increase shareholder value.

I guess all we can argue is that without the buy backs there would be many more voting rights!

[ragos] 14/3/2024 15:24

Hi Digi,
I am not a fan of buybacks.
It is meant to enhance earnings! Only works in some very specific instances.
We have declining earnings IN SPITE of buybacks.
EPS of
1$ in 2021
$0.3 in 2022
-$0.15 i 2023!
You really could not make that up!
We have spent cash, the most liquid of assets and tied it up in illiquid treasury shares. The only way that makes sense if re-issue those share at a large premium.

As it is, the share price is DECLINING! Nor is there a stampede for our shares as seen by the negligible effect of the buybacks on the share price

It would make more sense to declare a dividend and let shareholders make their own decisions.

I have not done an exact calc, but we have roughly 50m treasury shares mostly bought at a higher price, my guess would be £4 average. We have ~200£m tied up we can't easily release!

Go figure........
R

[digitalis] 14/3/2024 13:21

Tractor head buybacks are predictable even to the time they kick in,quantity and duration…̷0;..when something is so transparent it can be manipulated……we have never had a good experience with buybacks…̷0;.the price usually recovers when they finish……!!

[gadgie2] 14/3/2024 11:31

Surge in new partnerships https://www.adnews.com.au/news/young-guns-grace-cheng-at-nexxen

[tractorhead] 14/3/2024 11:11

You would have thought the buy back could stop such a walk down?

[ragos] 14/3/2024 10:56

Looks like the market did not share the bull spin.
They are walking the share price down like they did after the aug 23 result presentation.

Wonder how far down.....


R

[midasx] 14/3/2024 07:48

125K at 189.

We need to extend the buyback and get as many as possible at these low levels.

Even with the poor results we are hugely undervalued when measured against our US peers. There are lots of reasons to be positive looking forward and an eventual move to the Nasdaq would unlock some value, especially if 50% of the share capital is held in treasury.

[ragos] 14/3/2024 07:05

arthur,
I am in exactly the same position as you.
I know some others are as well. But no one else to blame but myself for being too greedy.

R

[arthur turner] 13/3/2024 18:58

Wow that’s a pretty depressing summary Ragos ! I’ve made a personal decision to ride this out for another 12 months. I haven’t the appetite to sell this at what would be a significant loss at present so that’s my position. I was first into this share with Blinkx so you can feel my frustration over the years. I must be a masochist!

[arthur turner] 13/3/2024 18:39

Wow that’s a pretty depressing summary Ragos ! I’ve made a personal decision to ride this out for another 12 months. I haven’t the appetite to sell this at what would be a significant loss at present so that’s my position. I was first into this share with Blinkx so you can feel my frustration over the years. I must be a masochist!

[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.