Inmarsat Share Discussion Threads

[bookbroker] 08/3/2017 08:33

I took on a few a week or two back, got out this morning for a few quid loss, this can move hard and fast, should have held for a few minutes longer, and I'd have had a profit, i like the company, got great technology, but margins under pressure, and looking at the report guidance remains the same with the caveat of material uncertainty!

[bookbroker] 08/3/2017 08:33

I took on a few a week or two back, got out this morning for a few quid loss, this can move hard and fast, should have held for a few minutes longer, and I'd have had a profit, i like the company, got great technology, but margins under pressure, and looking at the report guidance remains the same with the caveat of material uncertainty!

[wad collector] 08/3/2017 08:27

The full yr results look slight better than expected , esp encouraging is the Q4 growth. Ten quid on the horizon again ?

[eipgam] 07/3/2017 15:50

can't find it online but big article about isat competetion in todays Telegraph BS

[wad collector] 06/3/2017 09:29

You starting a bid rumour? Excellent ; spread the word....

[nick100] 06/3/2017 06:29

From IG

Inmarsat (full-year earnings 8 March)

Inmarsat’s future depends either on a takeover or success with its in-flight WiFi technology. The firm has been identified as a possible target for EchoStar, a major player in the satellite market, while its push into in-flight WiFi could yield great success, with IAG and Lufthansa both potential customers. A 4,9% year-on-year fall in revenue from the key maritime segment has put investors on watch for further problems, while the ostensibly attractive yield of around 6% is diminished by the fact earnings may not cover the payout this year. In addition, it still carries around $1.9 billion in net debt that needs clearing. The firm will need to spin a good tale on the coming year if the shares are not to suffer.

At the beginning of 2016 the shares were over the £11 mark. Since then the downtrend has been relentless; rallies have been furiously sold, with the latest push to £7.20 bringing out more bears. If the weekly pivot at £6.74 is lost then £6.06 and £5.90 come into play.

[soi] 06/3/2017 02:57

Full Year earnings out 8 March.

GL

[johspr] 05/3/2017 14:31

when are results due?

[wad collector] 03/3/2017 14:24

Welcome to the thread Wise One.

[bookbroker] 01/3/2017 09:23

But I will state that the management need to get a grip here, and Lansdowne should be putting pressure on them to improve the performance, otherwise it should be looking to dramatically improve shareholder returns, the market in the arena has a few players that are quite heavily indebted, consolidation needs to occur, irrespective of the relative strengths of the individual companies in terms of their specific markets!

[bookbroker] 01/3/2017 09:02

Why front-run the share price, above posters have as much grasp as to where the price here is going as Thomas the Turtle!

[wad collector] 28/2/2017 09:48

Something going to blow is not an enticing prospect in a satellite firm...

[netcurtains] 28/2/2017 08:36

its going to blow!
(well hope so)

[kooba] 28/2/2017 08:02

https://www.bloomberg.com/news/articles/2017-02-27/softbank-is-said-to-be-in-talks-to-merge-oneweb-with-intelsat

[essentialinvestor] 24/2/2017 12:40

Loses, good call, congrats, should have listened to your post.

[essentialinvestor] 23/2/2017 22:42

A frozen payout would be a result imv.

[eipgam] 23/2/2017 19:30

from the Alliance Trust newsletter...

Inmarsat dividend to return to earth
Yield still worth the risk despite growth threat
Steven Frazer

Shareholders in Inmarsat (ISAT) could face a payout freeze as the company grapples with investing for long-term growth versus bumpy free cash flow.

The satellites network operator has increased its dividend payment by more than 4% in each of the past five years, with double-digit increases in two of those financial periods.
Since 2013 free cash flow (FCF) has bobbed between $81m and $298.9m. It is anticipated to deliver $96.3m for 2016. Consensus forecasts for 2017 through to 2019 show free cash flow of $24.4m, $109.6m and $111.2m respectively. Dividends will cost the company between $245m and $264m per year over the same three years.
‘We believe that the market is pricing in continued growth in the dividend near-term,’ note UBS analysts Michael Hill and Polo Tang. ‘In our base-case scenario we expect Inmarsat – possibly at full year 2016 results – to stop growing the dividend until it is covered by equity free cash flow (EFCF).’
EFCF is calculated by adding net income, depreciation and amortisation and net borrowings together, then stripping out capital expenditure and working capital.
‘We believe this change in the dividend policy will allow Inmarsat to invest in its substantial long-term opportunities and avoid pressuring the balance sheet while EFCF generation is limited and uncertain,’ comment Hill and Tang.
Growing pains
Inmarsat has endured a tough past year with a patchy operating performance sparking increasing concerns over financing costs of its near $1.8bn net debt. The share price has almost halved since the start of 2016 to 638p.
Headline trading showed some improvement during the third quarter to 30 September 2016. Revenue and EBITDA (earnings before interest, tax, depreciation and amortisation) increased 5.8% and 14% to $342m and $205m respectively, although almost all of the growth was down to its Ligado networks joint venture in the US (previously called LightSquared).
There has been some improvement. Contracts with government agencies have increased modestly while Inmarsat’s aviation side has seen a swathe of agreements over the past three or four months. It has been signing airlines to its Global Xpress fleet to supply inflight broadband internet access.
But the enterprise division continues to go backwards as does its maritime arm, worth 45% of group revenues. The latter ‘continues to be hindered by a sustained recession in the global shipping industry,’ according to analysts.
Shares says: "Even if the payout is frozen the forward income yield would still stand out at 6.6%. On balance that looks attractive even if sentiment may make for a bumpy share price through 2017. "

[essentialinvestor] 23/2/2017 18:09

LOL. - find that out shortly.

[zcaprd7] 23/2/2017 17:59

The number of the beast...

[kooba] 23/2/2017 07:52

Inmarsat raised to outperform at Macquarie

[racg] 20/2/2017 13:20

This worm turning.

[zcaprd7] 19/2/2017 21:41

Yep. Trying to catch them at the end of their investment cycle, they can't be far off that, even with the delay

[jimbo44] 17/2/2017 16:12

Had a buy order a few days ago at 600 but it expired just before the jump to 650. Never thought I would be able to get in at this level again so taking full opportunity. These go in my SIPP for a long term hold hoping for some share price growth but happy to take the good dividend yield. Although this might take a hit in the near future if costs overtake profits but this should be short term with profits increasing as investments costs drop out of the equation. Very happy at this level.

[zcaprd7] 17/2/2017 15:37

Not discounted by the market? It's halved over the last 12 months?