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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gilat | LSE:GLT | London | Ordinary Share | IL0010938228 | ORD ILS 0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 87.00 | 0.00 | 01:00:00 |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 87.00 | GBX |
Gilat Satcom (GLT) Share Charts1 Year Gilat Satcom Chart |
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1 Month Gilat Satcom Chart |
Intraday Gilat Satcom Chart |
| Date | Time | Title | Posts |
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| 19/5/2008 | 21:46 | 75% reccuring revenue, 135% profit growth & p/e of 8 | 16 |
| 18/1/2008 | 11:06 | Gilat SatCom | 28 |
| 16/10/2005 | 08:05 | testGT | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 06/5/2008 21:04 by 3offthet 90p offered? 8% premium to previous price? This is outrageous.. now that we are in profit at last, shareholders who have stuck with them through the bad times are getting turfed out on their ears. Well they're not having mine.H |
Posted at 15/2/2008 12:27 by barn owl A remarkable quiet thread considering the impressive rise in the share price.Still, it is a very tightly held stock. Good luck all. |
Posted at 14/2/2008 14:39 by pejaten this is ticking up every day at the moment. Does anyone know whether any brokers cover this share? |
Posted at 19/2/2007 10:09 by aa6 glt made a profit of $558K with exceptional of $300K, so that's $858Kanyone care to give their take. DYOR. |
Posted at 09/8/2006 08:57 by m.t.glass Not sure there is a GLT update next week, Tole. Gilat Satellite Networks report next week. Not sure if there is any connection between them and Gilat Satcom. |
Posted at 09/8/2006 08:52 by m.t.glass Whereas the AIM-listed Gilat Satcom (GLT) describes itself thus:Gilat Satcom was established in 1992 and acquired licenses from the Israeli Minister of Communications to deliver data services to customers in Israel. In 1997, the Company established its communication support and control center in Petach Tikvah, Israel, providing a comprehensive monitoring and support facility to customers around the world, operating on a 24-hour basis. In 2000, Gilat Satcom introduced broadband Internet services. Since that time, this product line has become a primary growth engine for the Group which has in excess of 3,000 terminals in more than 40 countries. In June 2002, the Company was acquired by Satcom Systems Ltd. whose shares are traded on the Tel Aviv Stock Exchange. In addition, In 2002, the Group commenced the supply of international VoIP voice services. Following, in January 2003 Gilat Satcom acquired certain business assets of Israsat and obtained an International Communication License from the Ministry of Communications. During the first quarter of 2005 the company completed two strategic acquisitions: GayaCom Ltd., a reseller of mobile satellite services and equipment facilitating the entry of the Group into the growing satellite mobile services market. GayaCom has a non-exclusive distribution agreement with Iridium Satellite LLC to market and sell their equipment and services globally. IP Planet Network Ltd., a broadband satellite services provider, as a result of which the Company grew and diversified its customer base and consolidated and strengthened its position in certain markets and territories. |
Posted at 16/5/2006 08:04 by outsider GILAT SATCOM LTD.RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2006 and UPDATE ON STRATEGY Gilat Satcom Ltd. ('Gilat'; AIM symbol: GLT), the telecommunications operator specialising in the developing world, announces its unaudited results for the 3 months ended 31 March 2006 and an update on strategy. Key points: +------------------- |Figures in US$000s | 3 months ended| 3 months ended| Year ended| | | | | | | | 31 March 2006| 31 March 2005| 31 December 2005| +------------------- |Revenues | 8,048| 5,153| 31,751| +------------------- |Gross profit | 2,471| 1,235| 9,668| +------------------- |Gross margin (%) | 30.7%| 24.0%| 30.4%| +------------------- |Operating profit | 661| 446| 3,876| +------------------- |Operating margin (%) | 8.2%| 8.7%| 12.2%| +------------------- |Profit before tax | 338| 610| 3,501| +------------------- Note: IP Planet was acquired with effect from 29 March 2005 and was consolidated starting Q2 2005. Business refocused on marketing and sales to drive growth. A number of initiatives taken, following review of strategy, to create a platform for future growth. Planned expansion in range of telecoms services and markets. New business wins continue including Telkom Kenya. Positive cashflow with net debt (excluding long-term satellite capacity leases) reduced to $9.3m from $11.5 m at 31 December 2005. The market for Gilat Satcom's services remains strong. Amos Lasker, Gilat's CEO stated: 'As a result of the actions taken, we are beginning to see a significant improvement in performance. Demand for our services in the developing world remains strong and is growing. We have laid firm foundations for a steadily improving performance as the current year progresses and we are confident that we will achieve our objectives.' Contacts Gilat Satcom Ltd.: +972 3 925 5000 Amos Lasker, Chief Executive Officer Bankside: +44 20 7367 8888 Simon Bloomfield or Steve Liebmann Seymour Pierce +44 20 7107 8000 Stuart Lane or John Depasquale FIRST QUARTER STATEMENT Introduction We are pleased to report Gilat Satcom's results for the three months ended 31 March 2006 and to provide an update on strategy. Following the appointment of Amos Lasker as Chief Executive Officer in January 2006, emphasis has been placed on reviewing the positioning and strategy of the company to ensure that a firm foundation for future growth has been established. Results The results for the first quarter, although lower than the previous quarter, were broadly in line with management's expectations with revenues of $8.0 million, an operating profit of $661,000 and a profit before tax of $338,000. Both revenue and operating profit were significantly ahead of the same period last year, although profit before tax was lower, reflecting a higher interest charge in Q1 2006. Comparative pro forma results for Q1 2005, assuming IP Planet had been consolidated since the 1 January 2002 (the acquisition was completed on 29 March 2005), showed revenue of $8.5 million and an operating profit of $544,000. Positive cash flow during the first quarter resulted in a reduction in net borrowings (excluding long-term satellite capacity leases) to $9.3 million as at 31 March 2006 from $11.5 million at 31 December 2005. Business and strategy review The outcome of the strategy review is to reaffirm the focus on providing internet connectivity, bandwidth and telecommunications services within developing nations. Particular emphasis is now being placed on improving sales performance and increasing service capabilities, building on Gilat's satellite networks and engineering expertise. An early result has been the new contract with Telkom Kenya, Kenya's national telecommunications provider, announced on 24 April 2006. Gilat is now the main provider of broadband internet connectivity to Telkom Kenya. Specific changes introduced during the quarter include the appointment of Avihu Bergman to the new position of Executive Vice President, Sales and Marketing to spearhead the sales effort. In order to increase service levels and to help retain customers, additional technical support staff have been hired and improved training programmes and information systems have been put in place. In addition, staff incentive schemes have been revised to create a focus on sales. The review of markets has highlighted the improving conventional and wireless telecoms infrastructure in some parts of Gilat's traditional markets within developing nations. Accordingly, Gilat plans to expand its internet backbone service offering to include other telecoms infrastructure options alongside its satellite services. A number of options are being considered for this planned expansion, including acquisitions, which is expected to result in an increased presence within existing markets and entering new geographic markets including Latin America and South East Asia. Current trading and outlook As a result of the actions taken, we are beginning to see a significant improvement in performance. Demand for our services in the developing world remains strong and is growing. We have laid firm foundations for a steadily improving performance as the current year progresses and we are confident that we will achieve our objectives. Consolidated Profit & Loss Account Figures in US$000s 3 months ended 3 months ended Year ended 31 March 2006 31 March 2005 31 December 2005 Unaudited Unaudited Audited Revenues 8,048 5,153 31,751 Cost of revenue (5,577) (3,918) (22,083) Gross profit 2,471 1,235 9,668 30.7% 24.0% 30.4% Sales & marketing expenses (724) (252) (2,479) General & administration (1,086) (537) (3,313) expenses Total operating expenses (1,810) (789) (5,792) Operating profit 661 446 3,876 8.2% 8.7% 12.2% Financial (expenses) income (323) 164 (385) Capital gain - - 10 Profit before tax 338 610 3,501 Tax charge (310) 390 (562) Net profit for the period 28 1,000 2,939 Note: IP Planet was acquired with effect from 29 March 2005 and was consolidated starting Q2 2005. Consolidated Balance Sheet Figures in US$000s At 31/03/2006 At 31/03/2005 At 31/12/2005 Unaudited Unaudited Audited Current assets Cash 5,364 4,005 6,987 Short Term Deposit 162 158 160 Trade Receivables, Net 2,948 651 2,676 Other Receivables 1,272 3,016 2,182 Inventory 1,121 1,259 1,000 10,867 9,089 13,005 Property and equipment, net 20,320 19,234 21,336 Intangible Asset 8,476 7,097 9,101 Deferred income taxes 524 - 702 Other Assets 53 52 53 29,373 26,383 31,192 40,240 35,472 44,197 Current liabilities Current maturities of bank 4,107 12 3,934 loans Accounts Payable 3,288 2,125 3,249 Related Parties 29 20,050 - Other payable 893 3,441 1,050 8,317 25,628 8,233 Long-Term Liabilities Lease 6,384 3,945 6,300 Long term bank loans 10,599 - 14,572 Deferred Income Taxes 87 - 304 Severance Benefits, Net 69 48 53 17,139 3,993 21,228 Shareholder's Equity 14,784 5,851 14,736 40,240 35,472 44,197 Consolidated Statement of Cash Flows Figures in US$000s 3 months ended 3 months ended Year ended 31 March 2006 31 March 2005 31 December 2005 Unaudited Unaudited Audited Cash flows from operating activities: Net Profit (loss) for the 28 1,000 2,939 period Adjustments to reconcile net profit (loss) to net cash provided by operating activities: Depreciation and amortization 1,407 881 4,826 Share based payment 20 - 97 Revaluation of finance lease 84 - 247 Revaluation of bank deposits (1) - (27) Decrease (increase) in trade (271) (203) (2,245) receivables Decrease in other receivables 913 1,685 1,593 decrease (Increase) in (121) (60) 199 inventories Increase in other non current - (3) assets Increase (decrease) in trade 39 (995) 129 accounts payable Increase (decrease) in other (112) 1,324 (1,029) payables and current liabilities Increase (decrease) in deferred 308 (394) 578 income taxes Net cash provided by operating 2,294 3,132 7,304 activities Cash flows from investing activities: Purchases of property and (117) 8,231 (7,185) equipment Acquisition of subsidiaries - 6,745 (11,381) Appendix A Investment in short-term bank 98 123 deposits and proceeds Purchase of intangible assets (3,256) Net cash used in investing (117) (14,878) (21,699) activities Cash flows from financing activities: Loans raised (Repayments of 11,602 (8,111) loans) from related parties Repayments of loans from banks (9,125) (1,496) Receipt of long term loans from 5,325 20,00 bank Decrease in Short term loans (12) Receipt on account of shares 6,850 Net cash provided by financing (3,800) 11,602 17,233 activities Increase (decrease) in cash and (1,623) (144) 2,838 cash equivalents Cash and cash equivalents at the beginning of the period 6,987 4,149 4,149 Cash and cash equivalents at the end of the period 5,364 4,005 6,987 Appendix A - Acquisition of subsidiaries as of 31 March 2005 Figures in US$000s Book Fair value Fair value adjustments value Net assets acquired Property and equipment (802) - (802) Other long-term receivables (29) - (29) Deferred tax assets (65) - (65) Inventories (857) - (857) Trade receivables (215) - (215) Other receivables (395) - (395) Cash and cash equivalents (1,510) - (1,510) Short-term credit from banks 12 - 12 Trade and other payables 557 - 557 Other payables and current 1,671 - 1,671 liabilities Retirement benefit obligations 35 - 35 (1,598) - (1,598) Customer portfolio (2,013) Goodwill (5,084) Total consideration (8,695) Satisfied by: Cash (8,255) Credit from Parent Company (440) (8,695) Net cash outflow arising on acquisition: Cash consideration (8,255) Cash and cash equivalents 1,510 acquired (6,745) Appendix B - Additional information pertaining to investment activities not involving cash flows: for the three month period ended March 31, 2005: According to a lease agreement, the Company leased certain satellite transponders for a period of 7 years, for consideration of a first payment of $8,120,000 and a second payment, which will be paid until December 2008 of an additional $4,880,000. The Company treated the lease transaction as a financial lease, and accordingly recorded a fixed asset in the amount of $12,059,000. Therefore the second payment of $4,880,000 is an investment activity, which did not involve cash flows (the present value - $3,945,000). |
Posted at 24/4/2006 07:49 by outsider Gilat Satcom Limited24 April 2006 FOR IMMEDIATE RELEASE 24 April 2006 GILAT SATCOM LIMITED NEW CONTRACT SIGNED WITH TELKOM KENYA Gilat Satcom Ltd. ('Gilat'), the international broadband services company quoted on AIM (stock code: GLT), announces an expansion of its relationship with Telkom Kenya, Kenya's national telecommunications provider and the sole provider of landline phone services in Kenya. Gilat Satcom has supplied satellite broadband internet services to Telkom Kenya since 2002. Under the new agreement, effective from 1st April 2006, Gilat Satcom becomes the main internet connectivity provider to Telkom Kenya which, in turn, will distribute internet services through its landline telecoms infrastructure. The contract is expected to be worth approximately US$1.5 million in 2006 and is expected to develop further to accommodate the rapid growth of Telkom Kenya's data connectivity and telephony services. Gilat's Chief Executive Officer, Amos Lasker commented: 'Our expanded contract with Telkom Kenya builds on a successful, established relationship. It demonstrates both the growing demand for broadband internet connectivity and Gilat's strength as a supplier of wholesale bandwidth to leading telcos in Africa.' |
Posted at 12/4/2006 18:51 by outsider Latest news from website:Press Release Source: Network Appliance, Inc. Network Appliance(TM) FAS3000 Series Named Best NAS Product of the Year by InfoWorld Tuesday January 3, 5:32 pm ET From yahoo finance NetApp(R) FAS3020c Receives Top Marks for Simplicity and Performance in Midrange Storage SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 3, 2006--Citing "solid performance, flawless failover, exceptional scalability, and a jack of all trades," the NetApp FAS3020c was named "Best NAS Solution of the Year" in InfoWorld's 2006 Technology of the Year honors. This marks the second consecutive year that Network Appliance, Inc. (Nasdaq:NTAP - News) has won Best NAS from InfoWorld. In 2005, the NetApp FAS200 series also received the award. The FAS3000 series delivers up to twice the price/performance and supports more users per system than previous generation FAS storage systems for greater storage architecture capability. As part of the unified NetApp architecture, these midrange systems support file services, FC SAN, IP SAN, and multiple network configurations, while offering scalability to higher performance systems with seamless, painless upgrades without requiring the "forklift" data migration needed by most other offerings currently on the market. With storage capacity of up to 84TB and 336 disks, the FAS3000 series brings high-end capabilities with a midrange price tag. The InfoWorld awards recognize significant technologies of the past year that promise to make the greatest impact on enterprise IT strategies as well as the products that best exemplify the implementation of those technologies. The InfoWorld Technology of the Year awards are not open to outside nominations; only products reviewed by InfoWorld's Test Center during the previous year are eligible. The final selections are made by InfoWorld's Test Center analysts and editors. "After reviewing the FAS3020c, my conclusion is that the system is hard to beat and is an excellent choice for companies looking for high functionality at moderate pricing levels. The clustering capabilities of the FAS3020c are something to behold, and the support NetApp offers is the stuff of legend," said Paul Venezia, senior contributing editor at InfoWorld's Test Center. "Network Appliance is honored to be selected by InfoWorld for our FAS3000 series," said Elisa Steele, vice president of Worldwide Integrated Marketing at Network Appliance. "InfoWorld is a top technology publication and is recognized for its editorial excellence, strong industry analysis, and solid news coverage. This award validates our technology innovation and the customers who have chosen the FAS3000 series to consolidate storage, maximize data protection, and streamline backup/archiving in order to get more value from IT investments." Details on all winners of the InfoWorld 2006 Technology of the Year awards are available online at www.infoworld.com/ar About Network Appliance Network Appliance is a world leader in unified storage solutions for today's data-intensive enterprise. Since its inception in 1992, Network Appliance has delivered technology, product, and partner firsts that simplify data management. Information about Network Appliance solutions and services is available at www.netapp.com. Network Appliance and NetApp are registered trademarks of Network Appliance, Inc. in the U.S. and other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such. -------------------- Press Release El Al Launches New Iridium-Based In-Flight Calling Service for Passengers BETHESDA, MD January 24, 2006 - El Al Airlines has announced plans to introduce a new passenger calling service that will provide worldwide telephone connections in-flight through the Iridium satellite network. The service will use convenient prepaid calling cards with rates of just US$1.60 per minute. El Al will offer the new calling service for passengers in all classes on its fleet of Boeing 767 long-haul passenger jets. Passengers will be able to purchase the calling cards duty-free in flight. The cards will be valid for 12 months and will be usable on future flights. Passengers will use the cards to place calls to terrestrial phone numbers anywhere in the world. El Al expects to complete the installations on all of the 767s in early 2006. Gilat Satcom, through its GayaCom subsidiary, is supplying the Iridium satellite terminals and calling card services. GayaCom is the authorized Iridium service provider in Israel. Haim Romano, CEO of El Al Airlines, said, "We are excited to be the first airline to offer our passengers the convenience of worldwide in-flight calling-card telephone service through the Iridium satellites at a very reasonable per-minute rate." "Iridium's unique constellation of 66 low-earth orbiting (LEO) cross-linked satellites will ensure uninterrupted passenger communications, even if the aircraft is flying over extreme Polar Regions outside the coverage area of other satellite systems," said GayaCom Managing Director, Ami Schneider. "GayaCom has played a key role in achieving the first deployment of the new passenger calling-card system with El Al, and has also spearheaded market development for Iridium products and services in the Middle East region." said Don Thoma, executive vice president of Iridium Satellite. About El Al El Al Airlines is Israel's national carrier. El Al has annual revenues of about $1.4 billion, and it carries more than 1.3 million passengers annually. The airline flies directly to more than 40 destinations around the world, and to many additional destinations by means of partnership agreements with other airlines. It operates 33 aircraft, of which it owns 30. El Al is the leading airline in the cargo market in Israel. It is active in the charter flight market by means of its subsidiary, Sun D'Or. El Al is marking its 56 th year of service. About Gilat Satcom Gilat Satcom is an international broadband satellite service provider, supplying Internet, data and voice services to telecommunication providers, private businesses and government organizations in over 40 countries worldwide. Gilat Satcom is traded on the London Stock Exchange (AIM symbol: GLT), with headquarters in Israel and an office in the United States. |
Posted at 19/8/2005 15:57 by m.t.glass $2.5m to raise $8m? Sources: Gilat Satcom's IPO expenses should have been $1.5 million at most. Golan Fridenfeld 11 Aug 05 12:22 Gilat Satcom Ltd. (AIM: GLT), controlled by World Group Holdings (TASE: WRGR) subsidiary Satcom Systems (TASE: STCM), raised $8 million last week within a relatively short time on the London Alternative Investment Market (AIM), and its managers deserve compliments for it. At the same time, a document submitted by World Group to the Tel Aviv Stock Exchange indicates that the company's expenses incurred in the issue totaled $2.5 million 31% of the amount raised. In all the conversations I had with various entities with experience in issues in London, I was invariably told that this amount is unusual. No way of looking at the structure of expenses for the issues yields a figure of $2.5 million. Fixed expenses for an issue in London (payments to accountants, lawyers, underwriters, investor relations costs, etc.) come to $800,000-1 million. Expenses that vary with the size of the issue are 5-7%. In Gilat Satcom's case, this comes to another $500,000, giving total expenses of at most $1.5 million for an issue of this type, assuming that there were no expenses that deviated from the usual level. The question is how Gilat Satcom incurred such high issue expenses; Gilat Satcom controlling shareholder Zvi Barinboim has the answers. Gilat Satcom raised $8 million at a company value of $30 million, before money. Before the issue, in order to boost its chances of success, Gilat Satcom recruited a big gun - former Israel Prime Minister Ehud Barak and gave him the title of "non-executive president." Barak received monthly management fees and options for 5% of the company's capital. Satcom Systems, which still owns 76.1% of Gilat Satcom after the issue, is due to post a NIS 9 million capital gain on the issue. The company stated, "In deciding to float Gilat Satcom on a stock exchange in London, the directors of Satcom Systems Ltd. and Gilat Satcom Ltd. also took into account the costs involved in raising capital on a foreign stock exchange. These costs are higher than capital-raising costs in Israel for the following reasons, among others: A company making an issue in London has to pay its Israeli lawyers, and also British lawyers. The company had to pay its local accountants, the accountants drawing up the economic reports for the underwriter, and British accountants. In addition, because an issue of shares was involved, the company had to pay the underwriter a success commission (underwriting commission) amounting to 5-8% of the issue proceeds. All the expenses for service providers in the UK are denoted in British pounds, which makes the process more expensive. "The companies do not regard Gilat Satcom's issue in London as the end of a business process, but as a stage in the development of Gilat Satcom into a global communications provider. The capital raised will enable the company to accelerate its organic growth. The fact that the company's share is listed for trading in London will enable the company to position itself as a global communications company, help it compete in large tenders in the countries in which it operates, and facilitate future processes of mergers and acquisitions in its business environment, of which consolidation is a prominent feature." Satcom Systems provides local and international communications services, based primarily on satellite communications. In April 2004, World Group, controlled by Barinboim, acquired 52% of Satcom Systems through SPL Software in which World Group has a 65% stake. Satcom Systems was formerly called Gilat Satcom. Following the acquisition, the company's owners and management formulated a strategic plan, while solving the company's financial problems. In the first quarter of 2005, the company revenue totaled NIS 22.2 million, compared with NIS 16.6 million in the corresponding quarter last year. Net profit grew from NIS 2 million in the first quarter of 2004 to NIS 3 million in the first quarter this year. Since last September, Satcom Systems has acquired Gaya Com, a private Israeli company that has an agreement with international company Iridium Satellite. Iridium provides mobile telephone services through its global satellite network. Satcom also acquired IP Planet Network, which was controlled by Eurocom Communications. Published by Globes [online] - www.globes.co.il - on August 11, 2005 |
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