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NEXN Nexxen International Ltd

226.00
-1.00 (-0.44%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nexxen International Ltd LSE:NEXN London Ordinary Share IL0011320343 ORD NIS0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.44% 226.00 93,590 16:35:13
Bid Price Offer Price High Price Low Price Open Price
223.50 226.00 230.00 223.50 230.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies USD 331.99M USD -21.49M USD -0.1470 - 29.41B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:51:29 O 10 226.00 GBX

Nexxen (NEXN) Latest News

Nexxen (NEXN) Discussions and Chat

Nexxen Forums and Chat

Date Time Title Posts
27/4/202409:51Nexxen : shaking up video advertising790
10/1/202413:27Nexxen Perhaps a new beginning 1

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Nexxen (NEXN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-26 16:51:41226.001022.60O
2024-04-26 16:26:55226.001,5303,457.80O
2024-04-26 16:26:08226.001,5303,457.80O
2024-04-26 16:25:47226.006,07513,729.50O
2024-04-26 16:20:28226.008491,918.72O

Nexxen (NEXN) Top Chat Posts

Top Posts
Posted at 27/4/2024 09:20 by Nexxen Daily Update
Nexxen International Ltd is listed in the Advertising Agencies sector of the London Stock Exchange with ticker NEXN. The last closing price for Nexxen was 227p.
Nexxen currently has 146,162,009 shares in issue. The market capitalisation of Nexxen is £29,407,796,211.
Nexxen has a price to earnings ratio (PE ratio) of -1368.71.
This morning NEXN shares opened at 230p
Posted at 24/4/2024 09:27 by muthadrucker
So much expectation from buybacks. Have we not learnt anything over the years. Just about every company out there with some spare cash is engaged in buybacks and their shares tread water. Companies like Apple spend multiple billions on buybacks for example. This is not the 1970s, buybacks don’t drive share price. Results drive share price and when the float is small, the price moves faster. That’s when the buyback benefit kicks in. As for Tosca they’re going nowhere until we’re taken out later this year
Posted at 12/4/2024 07:18 by whites123
Okay,

But has the consideration that LG / Alphonso settlement was far in advance of what has been muted here and that the latest figures would show NEXN awash with cash.
No acquisitions lined up and board obviously aware of where the bought back shares are coming from and they thought "How best do we bolster the share price and deliver a much improved share price for our shareholders". At the same time appear to be godlike in turning the misfortunes that have bestowed us for the last few years around.

Its an easy assumption and often the most plausible.
Posted at 28/3/2024 07:32 by midasx
The board tried to amend the share based compensation scheme as due to the decimation of the share price from £7 they would be unable to benefit to the same degree going forward. The resolution was defeated at the AGM.

A fair days pay for a fair days work. I am unsure how Directors of public companies have developed the opinion that the company functions to line their pockets at shareholders expense.

Share based compensation should be based on increasing income, profit and an increasing share price where everybody benefits.
Posted at 17/3/2024 16:36 by sikhthetech
Ragos

"You are in danger of falling in the same trap many of us have and are regretting it!
"

"Our year on year revenue 2021 to 2023 has been in decline or static by the accuracy
of these things."

The company newsflow has been as expected and posted.

I, and others, posted rational arguments countering the baseless ramping. The warnings over the years from blnx --->TAP/Rthm ---> trmr ----> nexn.


I also warned about the Alphonso court case, which has gone as expected.

I also warned about the profit warnings based on company/sector newsflow.

The Methbot fraud and subsequent demands by P&G, the largest advertiser, in 2016-17 was the turning point for ad tech. The Sizmek going bust was the eye opener and warning of what's to come.

The ad tech bubble warning, which 1gw and his mates were saying doesn't exist, did burst.






sikhthetech11 Nov '21 - 14:54 - 14155 of 24094 Edit
0 0 1
This reminds me of Blnx/rthm(now trmr). No comments on blnx' questionable practices until it was exposed. Look what happened...
The eq share price crashed from £28 to 400p within 6 months...

Watch for the profit warning.

Best to trade and not get caught out.
Posted at 16/3/2024 07:31 by ragos
I did a bit of rear view looking last night, using the only data available to me ie Nexxen website RNS. Only goes back to March '22.

1/3/22 75$m Buyback rns share price 586 (taken from nearest buyback rns)
20/9/22 20m$ Buyback rns share price 362
14/9/23 20$m Buyback rns share price 160
15/3/24 50$m Buyback rns share price 189 (was 215 on 6/3/24, conference call Q4/FY result)


I may have missed some, (my eyesight not good)but gives you a sense.
Make what you want of it.


R
ps I noted in some 22 director dealings rns, they were selling at 10+$/share!
Posted at 14/3/2024 15:24 by ragos
Hi Digi,
I am not a fan of buybacks.
It is meant to enhance earnings! Only works in some very specific instances.
We have declining earnings IN SPITE of buybacks.
EPS of
1$ 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
Posted at 11/3/2024 10:11 by muthadrucker
Don’t see any catalyst to move the share price from here. Q4 numbers in line with guidance for once, avoiding an share price collapse. However the underlying issues persist. Q4 revenue decline of 10% from 2022 when most of the peers grew, suggests Nexxen continues to lose market share. CTV revenue down 40% in Q4 is a particular worry. It’s supposed to be the centrepiece of the strategy.
Court case with LG is settled but no market recognition for that.And classic Ofer, providing fairly anemic fy guidance but no q1 guidance a couple of weeks before quarter end. Always ominous. I say anemic since the LG settlement should deliver at least 30m in additional revenue so that suggests no or even negative growth from the core business. In a year of recovery with the Vidaa partnership dividend supposedly about to kick in and with major ad spending events such as Olympics and US elections, it’s hardly an optimistic outlook.
Posted at 01/3/2024 08:05 by whites123
I absolutely agree that the strategic partnership is reminiscent of a shotgun wedding :-). However, I hold a different view on the idea of limited earnings from collaborations and the anticipation of the partnership dissolving after three years. In a legal context, would LG likely seek to ensure that damage limitation measures are in place, discouraging partnerships formed solely for compliance. This aspect holds significant potential, possibly reaching hundreds of millions for all involved parties. Persevering through minor disagreements might suggest that a prosperous partnership is on the horizon.

I've long believed there's something positive happening behind the scenes with the suppressed share price (which, incidentally, I don't mind as the buyback enables NEXN to acquire more shares). It seems implausible that the substantial buyback has had no impact on the stock price. The partnership with Alphonso / LG, although currently assigned no value, is undeniably valuable. The current situation appears manipulated, regardless of the willingness of the involved parties, the true worth of this collaboration has not been fully acknowledged.
Posted at 29/2/2024 09:25 by whites123
I understand your sentiments, Ragos, and can relate to being a long-time investor with experiences that, while challenging, could have been worse. Like you, I've navigated the highs and lows, currently facing a 56% loss with NEXN, though it could have been more severe. The journey has been marked by moments of enthusiasm, often spurred by well-articulated posts, only to be followed by disappointment. Reflecting on the past, there were opportunities to sell and cut losses, a decision some might advocate, but I chose to hold on, fueled by hope rather than sound investment principles.

Despite the lingering doubts, I continued to invest over the years. Recently, I added more shares, even at what may have been the peak price of £2.17 yesterday. My conviction in the NEXN story persists, especially considering the puzzling and sustained share buyback program over the months. The origin of these additional shares remains unexplained, given the absence of adjustments in major shareholdings and the unlikelihood of retail investors providing such quantities. While avoiding accusations of wrongdoing, the discrepancy raises questions.

However, my optimism gains substance from the Alphonso/LG deal. I believe this partnership will be the catalyst for positive change. It's not just about Ofer; my investment is anchored in the technology and the evolving commercial strategic partnership. While anticipating lackluster results that may not immediately ignite enthusiasm, my confidence lies in the future outlook. The Alphonso/LG deal, I believe, will serve as a transformative force, not only for NEXN but also for the entities involved. This conviction aligns with the interests of significant investors, reinforcing my decision to ride alongside them in the hope that substantial profits will be realized. The upcoming results might not be groundbreaking, but the promising outlook is what I believe will propel NEXN to the next level.
Posted at 29/2/2024 08:01 by whites123
The community on this forum is impressive, with diverse perspectives even from those holding contrary views. Unlike many forums, it maintains a respectful atmosphere without descending into a playground of one-liners. However, a prevalent scepticism seems rooted in dissatisfaction with Ofer and his bonuses. While some may hold this view, it's essential to note that major stakeholders, with substantial investments, seem content.

These significant stakeholders, who hold much more at stake than the average investor, haven't taken steps to oust Ofer. Their satisfaction indicates a level of confidence. Addressing scepticism surrounding the litigation deal, it's crucial to recognize the necessity of non-disclosure agreements (NDA). The positive aspect to celebrate is the resolution of the litigation, turning away from a potential negative outcome with NEXN and instead forming partnerships with billion-dollar powerhouses like Alphonso/LG.

The concern that Ofer might be walking into another trap is countered by the assumption that he has legal experts who meticulously crafted the deal. The litigation was a known drain, and while there was a consensus that NEXN had a strong case, legal uncertainties always exist. With the litigation now concluded, the company becomes more attractive, especially considering reports of takeover interest in NEXN.

Anticipating upcoming financial results may not yield mind-blowing outcomes, but the focus should be on the future outlook. The partnership formed holds the potential for significant revenue generation. While some holders may remain sceptical due to distrust in Ofer, there are others, including major investors controlling multimillion-pound investments, who express confidence. The decision to support NEXN with continued investment reflects a positive outlook, emphasising the potential benefits of the recent developments.
Nexxen share price data is direct from the London Stock Exchange

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