Sat Sol Share Discussion Threads

[dirty75] 17/5/2016 11:32

same question from last week diku ! Same answer - Why on earth would there be a placing,especially at that price. Complete nonsense . Company has a pile of cash and no debt, bar the 2m unsecured it took from the BGF. They'd be getting debt products first, and any placing would be at a premium.

[dlku] 17/5/2016 11:12

chart support c.5p, maybe placing at 5p? thoughts please

[varies] 17/5/2016 11:07

A little profit-taking was inevitable after the rise from under 5p.I sold 44% of my holding at 8.00/8.50p.
My inclination is to wait a little longer and buy these shares back at 6.5p.
There is always a risk that SAT may launch an Open Offer at a lower price but I like to think that we shall not see 5p again.

[joesoap3] 17/5/2016 09:40

Did anyone go to the AGM? - presumably nothing bullish came out of it

[dirty75] 12/5/2016 20:10

? BGF don't lend to desperate companies ! Have a look at the BGF if you don't know who they areBand read the Rns about the loan what it's for and terms !

[rubberbullets] 12/5/2016 19:56

maybe they desperate and did bgf loan as interim measure to tide them over

[dirty75] 12/5/2016 19:30

Why on earth would there be a placing,especially at that price. Complete nonsense . Company has a pile of cash and no debt, bar the 2m unsecured it took from the BGF. They'd be getting debt products first, and any placing would be at a premium.

[dlku] 12/5/2016 19:10

chart support c.5p, maybe placing at 5p? thoughts please

[dirty75] 12/5/2016 19:00

Including me. Seems a good level to add at, with the agm and lots of good news imminent.

[joesoap3] 12/5/2016 17:48

Reducing the offer price seemed to attract a few buyers this afternoon

[tightfist] 10/5/2016 11:47

Hi Two Acres,

As far as I am personally concerned I view UK Government subsidy business as "bunce" because take-up was modest when I saw some figures a while ago. Has anyone seen an update?

However.... my concern is/was that other investors may have placed more significance on the Government subsidy-fuelled expansion and would/will therefore get out - based on the initial newspaper headlines.

Thanks to weatherman for his link to techweekeurope, including;

“……;..that’s why initiatives such as the satellite broadband voucher scheme and the USO will be “demand led” rather than “supply led” like the early phases of Broadband Delivery UK (BDUK). DCMS believes this will save money too, but has never attempted to hide this.
“It’s absolute nonsense to suggest we’re leaving rural areas behind in our rollout of broadband,” the Departure for Culture, Media and Sport (DCMS) told TechWeekEurope. “Our current plans will reach at least 95 per cent of the UK, but we want everyone to have fast broadband so we are introducing a Universal Service Obligation to help make sure no one is left behind.” “


So it looks as though the facts are better than the headlines and there should be no sentiment shift to continue the brief sell-off last Wednesday morning.

Cheers, tightfist

[two acres] 07/5/2016 19:57

Hi tightfist,

"The Government funded installations are bunce as far as I am concerned."

Have you changed your opinion on government funding?

[weatherman] 06/5/2016 14:35

UK Gov still committed to rural broadband
hxxp://www.techweekeurope.co.uk/networks/government-broadband-rural-rollout-191509

[ayl30] 06/5/2016 10:18

Hydrus, agree. would be more cost effective for BT to buy SAT than to put in infrastructure - now theres an idea - you heard it here first

[hydrus] 06/5/2016 10:09

Isn't 2) a positive for Sat?Essentially it means satellite will probably remain main option for rural dwellers as government are not going to automatically roll out cable broadband

[tightfist] 06/5/2016 10:00

Very surprised there is no comment here about (1) BT's latest intentions for OpenReach after pressure from Ofcomm and (2) the UK Government reining-in commitment to expenditure on high-speed Broadband in rural areas.

Not sure about those movements - are they material to SAT? Looks as though a few people took fright about (2) early this morning.

Cheers, tightfist

[dirty75] 29/4/2016 10:38

in case you cant open the link ...

The European Space Agency has struck up an agreement to work with ViaSat, the US technology company, to accelerate the development of broadband services in the European satellite industry.
Under an agreement to be announced on Thursday, the European Space Agency (ESA) and ViaSat will develop a programme to encourage investment in services using high-capacity satellites to help meet growing demand for broadband.


The initiative will focus on ramping up European investment in research and innovation in the space industry and encouraging quicker development of products, applications and services.
The three-year project will also involve the collaboration of EU member states, other parts of the industry and universities.
The ESA and three member states — the UK, Switzerland and Belgium — will provide €30m in funding. ViaSat will create an online portal, known as the Space Hub, for organisations to work together.
ViaSat could also provide further funding and support for businesses “depending how compelling the opportunity is”, according to Keven Lippert, the company’s executive vice-president of space systems and corporate development.
Projects selected under the initiative will receive up to 50 per cent funding, with assistance from ViaSat that could include technical support on proposal preparation and project execution, programme management and hardware support.
The project aims to simplify and shorten the funding application process. The hope is that this will lower barriers of entry for start-ups and new market entrants to the space industry, which is predicted to be worth over €500bn by 2030.
Mr Lippert said that the ESA and ViaSat wanted to position satellites as a more mainstream provider of broadband services, rather than just a means of connecting places where traditional fixed-lined services could not reach.
“This will allow companies in the satellite industry to develop applications that relate to broadband rather than a service of last resort — which is the traditional role of satellite,” he said. “Satellite services will become more competitive.”
€30m
Funding from the ESA and three member states for ViaSat project
Global bandwidth consumption is doubling every three years, according to ViaSat, which can be met with high-capacity satellite systems that provide more capacity.
Mr Lippert said that high-capacity satellites are needed to deliver ubiquitous, affordable broadband services to high-growth markets where cable, fibre and terrestrial offerings simply cannot be used.
This includes, he said, providing broadband and voice services to consumers in hard-to-reach locations, delivering in-flight internet to passengers in the air, or serving offshore broadband needs in oil and gas and maritime.
ViaSat has said that it would deliver a dedicated satellite that will provide more than 1,000Gbps of total capacity over Europe, Middle East and Africa by 2020.

[two acres] 28/4/2016 06:59

Tightfist - many thanks for the links. Work has kept me busy but I'll take a look at those shortly.

The BGF, SSW and BSS relationship does raise questions. We know that the SSW business plan is based on aquisitions, so do BGF. they must have taken a strategic overview when backing these two companies - could a merger or other deal be a possibility?

[dirty75] 26/4/2016 23:26

Can't see sat becoming biggest in France , France telecom are way ahead . 2nd to them is fine by me. There's plenty to go round in France.

Next locations , there was a show a few months back that was by cenkos that sat were at and a few places were mentioned. Can't find the old link to some presentation sat did, it's online somewhere. My opinion is scale up where you are like in France , Ireland , UK , Poland and Scandinavia you'll improve margins from contracts with the satellite operators and the cost savings of integration. No doubt the team get offered "buy me deals" very often and they just pick the best ones.

Sat certainly is not reliant on gov subs. Been going long enough before they came in. Yes it helps a few people out and it's for the hardware and maybe a few months rent. Once you've had the taste of the speed then unlikely to go back. Plus all the other add ons for sat, commercial Cos, NGOs, MOD etc.

New satellite being launched which provide even faster speeds.

My worry is we get brought out by a big fish before we really max it. This is guaranteed revenue making , be chucking out a divi in a few years . Who doesn't need high speed broadband ? You'll pay whatever is costs.

Tempted to go to the agm .

[two acres] 26/4/2016 21:05

Hi Tightfist, dirty and Iamkhan,

Tightfist, you may well be right with a figure of £5.5m from BGF, that, makes sense. If so then we could expect another tranche of funds in the region of £3.5m at some pont in the not too distant. Where might we be looking at aquisitions? France again? Are we looking to step up from second biggst provider to biggest?

I do think SAT is a great company in the making, with one real reservation - are we too reliant on goverment schemes?

Good response from the market today...onwards and upwards tomorrow...

[tightfist] 26/4/2016 12:02

Hi again Dirty,

Looking more deeply into BGF, I spotted that in July 2015 they invested £6.3m into privately-held BSS (Broadband Satellite Services) so BGF should certainly know the questions to ask during their DD!

From linked-in: "Broadband Satellite Services Limited (BSS) is an investment company, based in the North East of England. It is focused on the provision of satellite communication and telecommunications solutions to customers in areas where other communications networks are unreliable or non-existent. The main activity of BSS is to manage the different companies and subsidiaries across the group. Currently BSS owns and operates companies in 5 continents.

BSS will continue to pursue growth in the satellite communications sector through acquisition, continuing to expand our current position as a leading provider of global mobile satellite communications. BSS is not another “me too” satellite communications company. We are focused on identifying and pursuing high growth communications opportunities within the satellite communications market, by identifying market needs and demands, applying sound investment strategies, progressive management thinking and operational excellence:

We fulfil these aims by driving innovation and creating new solutions tailored to our customer’s needs
We aim to become the partner of choice for our channel partners and end users by building and maintaining the most innovative, reliable and cost effective satellite communications solutions
We are actively looking for acquisitions as we continue to grow, and are interested in hearing from companies in the sector who are looking to sell their business or raise investment".

One wonders about the synergies across the two BGF investments and what BGF's intentions are in the longer term.


Very interesting! tightfist

[tightfist] 26/4/2016 11:40

dirty75,

Agreed, I think they are going to be well ahead of schedule to 100k. The revenue forecast of £15.6m for next year seems rather timid?

Do you have any info on how the UK Government-funded programmes are going - I get the impression that they are slow-going?

27p share price implies a potential Mkt. cap. of £83m or a Price/Sales ratio of 5.3 which seems a bit stretching? SAT looks like a great business in the making; is it that good?


Cheers, tightfist

[dirty75] 26/4/2016 11:14

Ilamkhan

we know that, just discussing what, if anything, could be next from BGF.

If they get up to 100,000 users then the share price has to be around 26-29p.