Nexxen Share Discussion Threads

[brimach1] 04/2/2024 14:57

The below is not an exact comparison. Contract law and defamation laws differ, but you can see the path to payment of punatives, following a jury trial, is fraught with danger. I guess this is why so many cases are settled through negotiation, albeit with lower perceived settlement values.

hxxps://theconversation.com/does-trump-actually-have-to-pay-83-3-million-to-e-jean-carroll-not-immediately-at-least-222574

[ragos] 04/2/2024 14:27

I don't think they know the word! Money any which way yes!

Has already dragged on for FOUR years since those events.

Another four? You never know with lawyers.

R

[gadgie2] 04/2/2024 08:54

Well worth a Sunday morning read ... talk about embarrassing .... We have this !!

[brimach1] 03/2/2024 23:41

Tractor re your…Brimach, do you think the outcome of this case and settlement will be significant for Nexxen?…

Well, on the face of it, Tremor/Nexxen’s claim for $86 milion plus Punitive damages is significant but the legal interpretation of this case and the eventual outcome of it, are not for the common man nor a mere mortal like myself.

From memory I think Tremor/Nexxen have filed for damages in the region of $86million plus Punitives but I haven’t had the time to re-check and verify this, so someone may correct me.

My reasons for believing that LGE/Alphonso will not want to take this case to Jury trial are drawn from assessment of the pros and cons, not least that Jury awards can be a lot larger than the amounts offered during settlement negotiations.

The risks for LGE/Alphonso if this case goes to Jury trial (and some relevant extract from readings)….

(1) Generally speaking, breach of contract cases rarely get tried before juries because jury trials are risky in that they are expensive for the looser, they can set legal precedents, produce higher awards, create public record, brand damage and accountability, and they offer a right to appeal.
Also,sometimes the evidence a jury sees may anger them and the jury might want to send a strong and stern message to the breaching party by awarding ‘Punitive Damages’. These damages are additional awards to the non-breaching party, increasing the size of their financial recovery. A jury is more likely to assess punitive damages for an egregious breach of the contract. For example, if a party deliberately ignored their obligations under the terms of a contract in a dishonest manner, the jury can punish them. As far as I can ascertain, there is no limit to the size of Punitive awards in New York so this can make things pretty expensive for the looser.

On the other hand, a negotiated settlement can offer certainty, a speeder outcome with less risk, reduced costs, privacy and no public record visive the case going to Jury trial where all the dangers listed in (1) above apply and the damages, punitive and others, would be decided by the Jury.

[tractorhead] 03/2/2024 18:43

Brimach, do you think the outcome of this case and settlement will be significant for Nexxen?

[brimach1] 03/2/2024 17:22

Re the court case….The Defendants, LGE/Alphonso, have asked Judge Cohen for a Summary Judgement on the proceedings.

Related extract….When bringing a summary judgment motion, a party is arguing that there can be no real dispute about material facts, and the moving party is entitled to win the case as a matter of law.

Having read through most of the earlier filings and the latest case filings, I cannot for the life of me see how such a motion could be granted to LGE/Alphonso by Judge Cohen.
The sooner Judge Cohen makes his decision on the above motion the sooner Nexxen and LGE can progress to the next stage which is the Mandatory Settlement Conference. I can’t see LGE/Alphonso risking this going to trial. The weighted odds that LGE/Alphonso could win such a trial, appear to me, to weigh heavily against them.
Worth reading the Depositions of Saeyi Park (exibits 4,5 and 7) and Edward Lee (exibits 1 and 8) of the latest filings.

hxxps://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=j/MKa5jKQOiZ2rhRcKfwfw==&PageNum=1&narrow=

[tapa7] 02/2/2024 17:51

Nexxen's price action is holding steady at 200gbx even though the Russel has pulled back 5% since december. It could have been a lot worse for us with our beta. Could have been twice or 3 times the pullback but it's putting up a fight.

I'm confident that in the next Russel run we go to new recent highs and leave the 200gbx behind.

Slow and steady and fingers crossed.

[daveme] 02/2/2024 17:14

ADVFN lists the Market Cap of NEXN as £29.17B. Shouldn't we be in the FTSE100?

[takeiteasy] 02/2/2024 13:28

Wheeze, I tend to agree.

You will need to have an edge to survive and thrive in the new world post AI dominance over everything.

Either as content provider from netflix to you tube to VIDAA or by being a market place that efficiently allows advertisers to organise cross platform spend (better than the other platforms) or you have the sheer scale of Amazon who are making increasing amounts of revenue now from adverts.
The traditional google type search will always be there but over time will be less enticing and no doubt will suffer from ever decreasing margins as all these trends play out - imvho etc

Personally I think Google is making a massive hash over you tube with stuffing so many adverts into every tiny little video slot. It is not so valuable that I am prepared to pay for it and I am close to losing the will to live being bombarded with so many adverts. I do not see you tube with the brightest of futures on this basis and again imvho.

[wheeze] 02/2/2024 12:12

Tractorhead, the way I look at it there are enough fish in the sea for all of us. The advertising market is so big, we only need a tiny fraction to make it big. We will never be in the league of google and meta but I believe advertising through VIDAA will come through for us.

The darkest hour is before the dawn.

[wheeze] 02/2/2024 11:37

Succinctly put Barky. I couldn't agree with you more. We are seeing this across a range of small caps which makes volatility high. If you have the courage to buy and hold there's a lot of gains to be had by burning the shorters. Unfortunately a lot of PIs bottle it and sell. Also companies play along with short sellers, issuing shares at bombed out prices and diluting long term holders. Happens again and again and the FCA does SFA.

[tractorhead] 02/2/2024 11:35

Amen to that Wheeze.

I agree why why why does the buyback have f all effect? Are we actually reducing shares in circulation or do all these management incentive shares being vested (and then some sold for tax reasons) just cancel it out?

All other ad tech shares up a lot today. And meta currently up 16% afterhours. Grrrrr.

[barkbooo] 02/2/2024 11:12

Whites123 - it is easily possible for short interest to exceed 100% with more shares for shorting than available to trade….the markets still turn a blind eye.

As I remember 2008 was the lesson lol - and I am afraid Ofer has made it easy for the Casino.

[wheeze] 02/2/2024 11:05

* typo. ' unable to avoid'

[whites123] 02/2/2024 10:44

Sometimes things puzzle.
I cannot comprehend how a relatively iliquid stock like this can constantly and continually have these share buybacks and they have no material effect.
Retail isnt providing the stock.
So where the hell is the stock coming from.

Its the most basics of scenarios and most basic of answers but it defies everything and I am puzzled.

[ragos] 02/2/2024 08:55

Up,
thanks.

R

[upsondowns] 02/2/2024 08:43

I've seen plenty RNS' this morning

[midasx] 02/2/2024 07:34

I doubt it, they will be marked up from the off.

[midasx] 02/2/2024 07:32

So Cavendish Capital Markets decide not to purchase any buyback shares at 194 when they have been buying 130K chunks at around 210? WTF?

And I guess we are paying for the privilege of their expertise?

[upsondowns] 02/2/2024 07:31

So looks like due to no buyback yesterday to counteract tge sell could have been a reason for the drop. They can get plenty today at a lower price now.

[tractorhead] 01/2/2024 21:49

BUT will Nexxen be a part of the rebound????

I have a mate who sold his entire portfolio and put the lot into Meta 1 year ago. Bloody clever move in hindsight.

Will there be any digital advertising crumbs left for us?