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NEXN Nexxen International Ltd

259.50
8.00 (3.18%)
26 Jul 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
  8.00 3.18% 259.50 184,262 16:35:19
Bid Price Offer Price High Price Low Price Open Price
256.00 258.50 259.50 252.00 258.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies USD 331.99M USD -21.49M USD -0.1557 -16.44 347M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:19 UT 2,060 259.50 GBX

Nexxen (NEXN) Latest News (1)

Nexxen (NEXN) Discussions and Chat

Nexxen Forums and Chat

Date Time Title Posts
27/7/202404:51Nexxen : shaking up video advertising1,451
22/7/202422:11Nexxen Perhaps a new beginning 5

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Nexxen (NEXN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:19259.502,0605,345.70UT
2024-07-26 15:30:00256.001435.84AT
2024-07-26 15:29:30256.00615.36AT
2024-07-26 15:29:30257.0012.57AT
2024-07-26 15:29:14257.002256.54AT

Nexxen (NEXN) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 251.50p.
Nexxen currently has 137,972,937 shares in issue. The market capitalisation of Nexxen is £353,210,719.
Nexxen has a price to earnings ratio (PE ratio) of -16.44.
This morning NEXN shares opened at 258.50p
Posted at 12/7/2024 08:18 by midasx
Brokers doing an excellent job of carrying out the buyback and dropping the share price!

Good news if the share price is going to SURGE following the trading update.
Posted at 10/7/2024 08:22 by whites123
I am confused by this situation. For months, the company has been buying back 30,000 shares per day, and recently, they increased this to 60,000 shares daily. The stock is typically so illiquid that a total daily trade of 10,000 shares was considered significant. So, where are these shares coming from, and why is there no impact on the share price? The stock has only risen 16% year-to-date and is actually down 17% from a year ago. Wouldn't a large shareholder be better off negotiating a block sale? Small shareholders likely don't have insider knowledge, and why would they sell when the price fluctuates so much, rising 5% then dropping 6%? I'm not naive or foolish, but this is truly baffling. There are no declared short interests, so where are these shares coming from?
Posted at 05/7/2024 08:05 by onjohn
Simply Wall St.
An Intrinsic Calculation For Nexxen International Ltd. (LON:NEXN) Suggests It's 49% Undervalued
editorial-team@simplywallst.com (Simply Wall St)
Tue, Jun 11, 20246 min read

In This Article:
NEXN
+2.22%
TTTPF
0.00%
Key Insights

Using the 2 Stage Free Cash Flow to Equity, Nexxen International fair value estimate is UK£4.90

Nexxen International is estimated to be 49% undervalued based on current share price of UK£2.52

The US$10.00 analyst price target for NEXN is 104% more than our estimate of fair value


Anyone got the brokers note
Posted at 17/6/2024 10:08 by tapa7
Ragos,

RE shares in treasury, here's the best theoretical case scenario for me:

1. Let the share price run high - wait at least for Q3 to get the FED fomo momentum.

2. Announce Nasdaq listing so that it coincides with the period of generally higher multiples / higher stock prices for small caps (wait for the first rate cut)

3. Offer some of the treasury shares at current market price then (or slightly discounted) which would still be significantly higher than what they originally paid for it.

4. Capitalise the gains +£xxx M and thus boost our NET cash position to $300m++

This strategy would boost our liquidity and demand for the stock potentially driving the share price even higher.

How about that!?
Posted at 11/6/2024 16:23 by tapa7
But by coincidence, I was playing last week with AI engines and with COPILOT specifically.

One of the benefits of these deep learning machines, particularly COPILOT which is connected to the internet (unlike the free version of chatGPT) is that you can ask them to take into account all the macros you want to.

So I asked COPILOT to give me a base, a bull and a bear case for Nexxen taking into consideration future growth, rate CUTS, buybacks etc and here's what it told me.

Base case: 259.17 GBX intrinsic value
Bull case: 419.34 GBX
Bear case: 236.18 GBX

I'd be interested to see if anyone else gets a similar valuation from this same AI engine.
I don't know if it gave me the intrinsic value so close to the current share price because it is biased (it knows what the share price is) or because it genuinely thinks it is the fair value. Of course it justified each valuation for me but that doesn't rule out that they could be biased justifications.
Posted at 10/6/2024 18:34 by muthadrucker
There are also legal limitations to avoid share price manipulation. Imagine average daily volumes of say 100k and the company steps in and buys half a million every day. The share price would skyrocket and insiders could sell at inflated prices. That’s fraud and it ain’t allowed in any jurisdiction
Posted at 24/5/2024 14:20 by lyndhurst38
I used to work for Diageo and the head of Investor Relations was arguably 2nd most influential person in the whole company after the CEO. She was awesome. She would work with investment banks to understand exactly what they wanted to see in order to drive the share price and then work with the CFO to make it happen. The whole company was terrified of her because she was obsessed with moving the share price from 6 quid (where it has been for years) to over 25 quid. We all thought she was crazy but she did it! She was so smart and worked so closely with (potential) investors. Well worth whatever we paid her. That's what we need. Invest in a powerful investor relations team.
Posted at 28/4/2024 22:52 by tsmith2
Nexxen International Ltd("Nexxen" or the "Company") Nexxen Seeking Authorization for New $50 Million Ordinary Share Repurchase Program Nexxen International Ltd. (AIM/NASDAQ: NEXN) ("Nexxen" or the "Company"), a global, unified advertising technology platform with deep expertise in video and Connected TV ("CTV"), announced today that the Company is seeking authorization to repurchase up to an additional $50 million of its Ordinary Shares from time to time. As an Israeli company, Nexxen is required to comply with newly-adopted Israeli regulations that require the Company to await the expiration of a creditor objection period before the new Ordinary share repurchase program can become effective. The newly-adopted Israeli regulations replace the mandatory Israeli court approval that was in effect prior to the new regulations, resulting in a shorter authorization process. In addition, the commencement of the Ordinary Share repurchase program is subject to receipt of the consent of the Company's bank lenders. Following the expiration of the creditor objection period, and assuming no objections and the receipt of the consent, the authorization will provide Nexxen with the right to repurchase its Ordinary shares, but does not require the Company to acquire any, or a specific number of, Ordinary shares. · The Ordinary Shares will be repurchased on the AIM Market and the repurchase program will be financed through existing cash reserves. · Subject to no Company creditor objecting to the share repurchase program within the timeframe prescribed by Israeli law and the receipt of the consent from the Company's bank lenders, the repurchase program will begin on 1 May 2024 and will continue until the earlier of 1 November 2024, or until it has been completed. · The repurchase program will be independently managed by Cavendish Capital Markets Limited, the Company's AIM broker, which will make trading decisions independently and without the influence of the Company. · The maximum price paid per Ordinary Share is to be no more than 105% of the average middle market closing price of an Ordinary Share on AIM for the five business days preceding the date of purchase. · Share repurchases will be made in accordance with applicable securities laws and regulations, and any Ordinary Shares acquired as a result of the repurchase program will be announced to the market without delay. · Any Ordinary Shares acquired as a result of the repurchase program will be reclassified as dormant shares under the Israeli Companies Law (without any rights attached thereon) and will be held in treasury. · The share repurchase program does not obligate Nexxen to repurchase any particular amount of Ordinary Shares and the program may be suspended, modified, or discontinued at any time at the Company's discretion (if not in a close period), subject to applicable law. · Due to the limited liquidity in the issued Ordinary Shares, any repurchase of Ordinary Shares on any trading day may represent a significant proportion of the daily trading volume in the Ordinary Shares on AIM and may exceed 25% of the average daily trading volume, being the limit laid down in Article 5(1) of Regulation (EU) No 596/2014 and, accordingly, the Company will not benefit from the exemption contained in this Article. The Company will provide an update on, or prior to, 1 May 2024 if the commencement of the Ordinary share repurchase program is postponed due to Company creditor objections or the Company bank lenders not providing consent.
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 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!
Nexxen share price data is direct from the London Stock Exchange

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