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NEXN Nexxen International Ltd

3.50 (1.42%)
Last Updated: 09:03:26
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
  3.50 1.42% 250.00 10,475 09:03:26
Bid Price Offer Price High Price Low Price Open Price
249.00 250.50 258.50 247.00 258.50
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
09:03:26 AT 333 250.00 GBX

Nexxen (NEXN) Latest News (1)

Nexxen (NEXN) Discussions and Chat

Nexxen Forums and Chat

Date Time Title Posts
17/6/202407:47Nexxen : shaking up video advertising1,276
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

Nexxen (NEXN) Top Chat Posts

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Posted at 17/6/2024 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 246.50p.
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 258.50p
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 03/6/2024 20:32 by 1gw
At the end of May, on my numbers (and estimated xrates), buyback stats are:

$2.0m spent = 4% buyback total.
30,000 shares/day apart from 1st day (arguably catchup for delayed start).
$109k/day average spent (or $92k/day excluding first day).

$441k/day average to be spent over remaining 109 trading days (incl 1st Nov)

The question is what will drive a step-up in purchase rate? Is it time-driven (e.g. step up to a new level in June), or shareprice driven (step up if share price falls more than x%), or event driven(e.g. 2Q financials in mid-August)?

With (apparently) fewer than 100,000 shares traded (including buyback shares presumably) on each of the last 2 days, there must be limits to how much they can step up on relatively quiet summer trading days without driving the shareprice beyond the daily buyback cap.
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 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

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 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.

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........
Nexxen share price data is direct from the London Stock Exchange

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