Nexxen International LTD (DI) (NEXN)

Sector:

Media

Index:

FTSE AIM 100

209.80p
   
  • Change Today:
      12.00p
  • 52 Week High: 298.00
  • 52 Week Low: 134.00
  • Currency: UK Pounds
  • Shares Issued: 139.95m
  • Volume: 99,734
  • Market Cap: £293.62m

Taptica dragged into long-running spat between Uber and Fetch

By Iain Gilbert

Date: Wednesday 12 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Advertising technology group Taptica International has been dragged into a long-running spat between ridesharing giant Uber and advertising agency Fetch.
Taptica told investors on Tuesday that it was one of roughly 100 companies alleged by Uber to have committed fraudulent concealment, negligence and unfair competition, with the claims stemming from late 2017 when Uber sued Fetch, now part of Dentsu Aegis, for $40m, claiming that millions of dollars spent on adverts had been wasted.

Fetch countersued for $20m in early 2018 over unpaid invoices, calling Uber a "faithless business partner" and while Uber voluntarily dismissed its case against Fetch, it has chosen to extend its legal battle to the firms used by the agency to place its adverts.

"Based on the information available to the company to date, the claims appear to be without merit," said Taptica, which vowed to "aggressively defend against these claims".

Separately, Taptica revealed it was "actively considering" implementing a further share buyback programme with the same parameters as its current ongoing programme following the company's annual general meeting.

As of 0830 BST, Taptica shares had shot up 13.25% to 94p.

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NEXN Market Data

Currency UK Pounds
Share Price 209.80p
Change Today 12.00p
% Change 6.07 %
52 Week High 298.00
52 Week Low 134.00
Volume 99,734
Shares Issued 139.95m
Market Cap £293.62m

NEXN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.37% above the market average30.37% above the market average30.37% above the market average30.37% above the market average30.37% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
2.17% below the market average2.17% below the market average2.17% below the market average2.17% below the market average2.17% below the market average
31.91% above the sector average31.91% above the sector average31.91% above the sector average31.91% above the sector average31.91% above the sector average
Income Not Available
Growth
60.14% below the market average60.14% below the market average60.14% below the market average60.14% below the market average60.14% below the market average
36.36% below the sector average36.36% below the sector average36.36% below the sector average36.36% below the sector average36.36% below the sector average

NEXN Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Sep-18 19-Apr-18
Paid 20-Nov-18 19-Jun-18
Amount 3.98¢ 5.40¢

Trades for 28-Mar-2024

Time Volume / Share Price
11:16 5,000 @ 210.59p
11:15 4,200 @ 210.59p
11:09 648 @ 211.10p
10:39 458 @ 209.80p
10:28 645 @ 210.02p

NEXN Key Personnel

COO Yaniv Carmi
CEO Ofer Druker
CFO Sagi Niri

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