Nexxen Share Discussion Threads

[redface] 15/3/2024 12:31

Next gap up confirmed to £3.49 Lol!!

[digitalis] 15/3/2024 12:18

Let’s be clear I want £3.50 for my next third of stock and £5.50 for the last tranche……;do you hear that mm,s??………that’s not asking a fkn lot after 17yrs

[arthur turner] 15/3/2024 12:11

Welcome to the Asylum!

[ragos] 15/3/2024 12:06

Einstein is credited to have said
"Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results"


R

[barkbooo] 15/3/2024 11:10

It is simple really - the market does not trust the management…over to you Ofer!

[wheeze] 15/3/2024 11:08

No need to apologise Ragos. We are all underwater and equally frustrated. My average is 330 so well under.Stay positive - there's gold in them hillsValhalla beckons someday

[tapa7] 15/3/2024 10:54

Come Nov and if our share price does not move, our capitalization will be approx $260m (£210m) with existing buyback + new one.

It's just hilarious that a business guiding $100m EBITDA trades this low.
I can't wait for the FED to start cutting rates. Surely the price action here needs to shoot up as soon as the multiples of our peers start expanding.

[ragos] 15/3/2024 10:52

Hi Guys,
Did not mean to upset anyone! My apologies.



But all the buybacks have had little effect........

I have £1.2m in here, far too much to walk away from.

I'll just wait for a year or so.

R

[wheeze] 15/3/2024 10:43

I have a lot of time for Ragos, as you say he is genuinely invested here. Nevertheless I am pleased with this announcement of the next buyback.Bring it on.

[whites123] 15/3/2024 10:40

I have raised concerns with Investor Relations regarding the impact of share buybacks and the absence of any triggered holding notifications.
This matter has sparked considerable debate. Despite my inquiries, I have yet to receive a satisfactory response and have consequently posed additional probing questions.

Regarding today's announcement of an additional buyback of up to $50 million, I perceive it as either a strategic demonstration of unwavering confidence in the company's future or a decision bordering on recklessness.
It is probable that a portion of the funds originates from the LG settlement. Regardless, the Board of Directors have had various avenues available to enhance shareholder value and satisfaction, such as a special dividend or further buybacks. Their persistence in allocating more cash suggests a shared belief with many stakeholders that the company is significantly undervalued and continued investment via share buybacks will eventually yield positive results.

For us holders that moan but don't sell and move on we can but hope they know what they are doing.
Those that moan and liken the rest of us to seals, why not just sell up and move on and then you can get on with enjoying life.

[barkbooo] 15/3/2024 10:38

Gadgie - you know I am a 100% fan of yours..you spend hours of your time researching and sharing valuable information with us lazy ones…and with thicko’s like myself you and Digi have made tracking all areas of this stock, so much easier.

I also rely on scaffolders to get lucky on the markets. lol

I would just ask you to give Ragos a little slack - he like most of us was caught out by the slippery Ofer when this stock was rising from £5 to £8 - my next draw was 940p..so I also suffered.

I think Ragos is in his Eighties and is getting a little frustrated - but in my opinion, the guy is as solid as you will get. The family are in it together, and I would like to see us have it off together….btw, I now think we will..albeit with a revised exit strategy for myself.

Keep up the good work my friend.

[arthur turner] 15/3/2024 10:03

If it’s the major investors here in tandem selling these shares ( I can’t think of anyone else)then they must have been paid well over 120M over the last year or so with possibility of another 50M to come. Their joint holding has still remained at 50% because of the reduction in shares which probably suits their maximum position. It seems
a great strategy on their behalf. In my view this current buyback news is either madness if it is reducing our cash reserves when the Company is believed to be struggling or a massive sign of confidence that they can afford it. As ever we wait for results one way or the other. I think this is the last chance for Ofer to be validated. I’d be grateful for anyone else’s thoughts. It seems to me somethings about to give!

[brimach1] 15/3/2024 09:21

Distributing the LG/Alphonso cash, perhaps?

[ragos] 15/3/2024 09:03

The magic word "buyback" and all the seals clap!

All the buybacks up to now have not stopped "hit downward trend " alerts!


LOL! I'll come back when some sense returns.

R

[digitalis] 15/3/2024 08:39

Nexxen needs a trading update that surpasses this below average guidance…..that’s what will move the market,someone has made Ofer aware we are heading back into cheap takeover territory so hurried out the might execute buyback rns……..over to kleiny soon imho

[midasx] 15/3/2024 08:02

Yes, they have the authority to purchase up to X, but are not obligated to buy any.

[midasx] 15/3/2024 07:59

Excellent news and a very good sign of confidence going forward.

[upsondowns] 15/3/2024 07:56

Up to $20m as well so maybe looking to much into the wording.

[upsondowns] 15/3/2024 07:55

About the Ordinary Share Repurchase Program-- The Board has authorized Tremor to purchase up to $20 million of its Ordinary Shares on the AIM Market (the "Authority") and the repurchase program will be financed through existing cash reserves.

[digitalis] 15/3/2024 07:43

This rns “to purchase up to $50million” previous rns for buyback “to purchase $20million”230;……….key word for me is up to!!…….Ofer hasn’t a clue how the next few quarters will pan out so he’s sneaking in the word up to……R30;his creditors might even say no I don’t think so $20 million is your limit till we see clear skies?

[tractorhead] 15/3/2024 07:43

Does this mean that the machine is throwing off cash? Hope so!

Or are management doing the unthinkable and borrowing money (revolving credit) to finance buy back? That would be mad???

[digitalis] 15/3/2024 07:34

Ecstatic…̷0;….

[ragos] 15/3/2024 07:27

just think, Gadgie, what you would do with 30c per share divi?

Would you buy more shares? I would not!

R