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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Inmarsat Plc | LSE:ISAT | London | Ordinary Share | GB00B09LSH68 | ORD EUR0.0005 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 544.40 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 544.40 | 545.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 544.40 | GBX |
Inmarsat (ISAT) Share Charts1 Year Inmarsat Chart |
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1 Month Inmarsat Chart |
Intraday Inmarsat Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/1/2020 | 12:21 | Inmarsat...a new issue that is profitable, with a decent yield. | 4,007 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 09/12/2019 10:38 by shaker44 Now ISAT is delisted anyone got proceeds yet? Iweb tend to be very slow and like to sit on the cash. |
Posted at 29/8/2019 15:52 by mastermatto Chaps - why do you think the price is now heading higher above the takeover price? |
Posted at 04/8/2019 08:37 by steeplejack I see that Cobham makes the Sundays with the family objecting to the opportunistic bid by private capital outfit Advent.Hopefully,thiAs Bloomberg commented back in March,”Private equity offers can be appealing to managers of target companies as they can include financial incentives and give executives the opportunity to keep running the company”. Apax treated an undeserving ISAT management to windfalls when it floated the company in 2005 and has probably promised further treats after the planned delisting which will occur 15 years later.ISATs 15 year operational performance during the listing period has been mediocre at best but management have been handsomely rewarded from the outset.Beggars belief. 16 July FT ... “Competition watchdog to probe $6bn Inmarsat private buyout” Bit late methinks but who knows. |
Posted at 07/6/2019 08:33 by wad collector Last month there was an announcement , and these tend to get buried in the hundreds of RNSs related to holdings. This seems to make it clear that there is no going back, as majority approval has been gained and the $7.09 will be paid some time in Q4. There have been cases of takeovers failing after this , from Government intervention (Inmarsat was originally a public funded company created by the UN ) , or from financial collapse of the buyer.However the chances of this happening are probably not the reason for the share price fluctuation of a few pence ; more likely it is just the Forex variability and the interest lost on the delayed payment. The original $7.21 offer included the 12 cent dividend paid last month, so we are left with 7.09 which at 0.79 USD/GBP current value is 560p. Current share price 541p so we are looking at a 3.3% loss for selling now (and broker fees) rather than waiting for the closure. I have just decided to sell most of my holding rather than sit on that small gain. That puts me down 23% on my average buying price and ,like most small holders, I look at the management with contempt as they trouser their rewards over this deal for their previously more valuable company. The majority of Inmarsat’s shareholders voted May 10 in favor of a $3.3 billion acquisition offer by a consortium of buyers. Some 77 percent of London-based Inmarsat’s shareholders voted in favor of the takeover proposed by private equity firms Apax and Warburg Pincus and Canadian pension firms CPPIB and OTPP. Those shareholders held 79 percent of Inmarsat’s shares, meeting what Inmarsat called the “requisite majorities.” Inmarsat expects the deal to close in the fourth quarter of 2019. |
Posted at 20/4/2019 09:18 by nocton Yes and no. The dividend is included in the offer price:"Under the terms of the Acquisition, Inmarsat Shareholders who are entitled to receive the Final Dividend (as defined below) will receive: $7.21 in cash per Inmarsat Share (the “Cash Value”), comprising a cash consideration of $7.09 (the “Cash Consideration” Inmarsat Share plus the previously announced final dividend of $0.12 per Inmarsat Share to be paid on 30 May 2019 to Inmarsat Shareholders on the register as at the close of business on 23 April 2019 (the “Final Dividend”). Inmarsat Shareholders who are not entitled to receive the Final Dividend shall receive the Cash Consideration under the Acquisition in respect of their Inmarsat Shares." It may be worth selling the shares now as the offer is priced in US$. At the current exchange rate of around $1.30 the price equates to 555p, but if a Brexit agreement is reached in the next few weeks the exchange rate could easily rise to $1.40, when the offer is worth only 515p. as the offer document says: "On the basis of the Announcement Exchange Rate, the Cash Consideration implies an equivalent value of 537 pence per Inmarsat Share. For any Inmarsat Shareholder electing to be paid their Cash Consideration in Sterling, the amount per Inmarsat Share received may, depending on the prevailing exchange rate, result in a payment below or above 537 pence per Inmarsat Share." |
Posted at 20/3/2019 18:52 by steeplejack Below are extracts from FT Alphaville today.I’ve tried to make the blog as readable as possible.Lengthy but worth scanning.Inmarsat PLC (ISAT:LSE): Last: 516.60, up 78.8 (+18.00%), High: 516.80, Low: 500.76, Volume: 11.77m Seems this was the UK takeover that's been muttered about for a while now, so everyone can stand down. Course, if Inmarsat had told us about it six weeks ago when the approach arrived, there wouldn't have been quite so much gossip around ...... And there was speculation around in the press -- -- just that it was pointed towards trade rather than PE. Anyway. Let's recap where we are. I'll let Goldman do it ..... Following press reports (FT) about a potential PE offer, Inmarsat has confirmed it received a non-binding proposal from a PE consortium on 31 January regarding a possible cash offer at $7.21 (equates to 542p at 1.33 FX), a c24% premium to March 19 closing share price (438p). We note the PE consortium now has until 16 April to make a firm offer. ISAT notes the proposal remains under discussion between ISAT and the PE consortium. Among the bid consortium, Apax is the most interesting name. Firstly because Apax used to own Inmarsat. Secondly, because its owns Marlink, which sells Inmarsat satphones for boats. It's one of the key distributors. Which makes this look relatively friendly, potentially. Which is a point Exane makes...... We think Inmarsat's management is likely to favour a takeprivate bid (vs. a take-over scenario) especially if it comes with the strategic benefit of closer integration with Marlink. Course, against that we have to spin back to the robust rejection Echostar was given just eight months ago. Its bid being 532p, of which 265p was cash, so basically no different in terms of headline valuation to the PE one. Roidster One just raised 1.5bln.....softbank may come in ...thoughts? "If you engage at a level that's way below what you think is the right level, all you're doing is signaling weakness and a willingness to trade value below fair value"; "And after all, we're not for sale. We don't feel weak about our future and we don't feel the need to engage in a merger even with somebody in our industry at this point in time. We don't think that will drive exceptional value for shareholders beyond the value they've paid on the way into that kind of environment. So, that's why we did not engage". That was Inmarsat's CEO in August. Next, we have to examine the conspiracy theory angle. Here's Jefferies: The decision to unilaterally disclose the Consortium's six-week-old non-binding cash bid, almost identical in value to the rejected 3-Jul-18 EchoStar bid, feels like a well-advised "stalking horse" that could well now result in a revised bid (from either suitor). Except it wasn't unilaterally disclosed. It was in response to a specific report, so that doesn't quite work. And to follow that, we need to get knee deep in the binary value around Ligado (the former Lightsquared, messes with GPS, you remember) and strategic value to Charlie Ergen ..... |
Posted at 20/3/2019 09:52 by losos dexdringle - "$7.42 = £5.40. Not exactly Christmas is it ?I need £7 a share to break even..." Pretty much the same position for me. As someone said ISAT share price should be £10 but only after the full benefits of the in flight internet connection thingy is realised and that could take another year or so, in the meantime they have to fend off the takeover approaches. Clearly ISAT is undervalued but sadly that doesn't mean that they won't get taken out at well below £10 I can see all us small PI's having an offer on the table below true value (and likely below what we bought at) and having to accept because the big boys have stitched us up. Time will tell, hope I'm wrong, but it's a jungle out there haha. |
Posted at 04/10/2018 09:43 by gambo555 tHIS IS VERY STRANGE - YESTERDAY AND TODAY SHARE PRICE IS MOVING(sorry for caps) and showing as low trades - then all of a sudden its 700,000. This share price did the same thing before the previous bid was announced - loads of smallish trades - and the share price moves up - yesterday and today - far higher than the average 3m. showing more sells than buys and yet the price is up. I just wonder if this is doing the same thing prior to the June bid - lots of trading with small volumes...HMMMM may only be a theory - but I think something is afoot - well wait and see eh?? GLA |
Posted at 09/6/2018 11:34 by zcaprd7 From FT:YESTERDAY Inmarsat, the UK satellite group, has rejected a multibillion takeover offer from EchoStar, a US peer founded by billionaire Charlie Ergen, in a sign that cross-border consolidation may ramp up in an industry that has been unnerved by falling profits and share prices.London-based Inmarsat said it had received "a highly preliminary and indicative non-binding proposal from EchoStar Corporation in relation to the potential acquisition of the entire issued, and to be issued, share capital of Inmarsat."Inmarsat, headquartered at Old Street roundabout, said it had rejected the proposal, which "significantly undervalued" the company. It added: "The board remains highly confident in the independent strategy and prospects. The statement came in response to earlier reporting by FT Alphaville, which prompted a sharp rise in the company's share price. Inmarsat shares climbed 13.5 per cent on Friday in London, giving it a market value of £2.15bn. Including the company's more than £1.7bn of debt, a deal could likely give Inmarsat an enterprise value above £4bn. Inmarsat has long been seen by analysts as vulnerable to a bid from a regional satellite operator looking to stitch together spectrum licences, particularly as earnings deteriorated. In recent years, the decline in its share price has also knocked it out of the FTSE 100 large-cap index and into the FTSE 250 index for mid-sized groups. The group, which takes the majority of revenue from its shipping business, also rents its spectrum to Ligado Networks, a US hybrid network that plans to launch in competition with EchoStar and Dish Network, Mr Ergen's sister company. In May, shares in Inmarsat dropped more than 10 per cent after news that it would no longer have a monopoly on international maritime distressed communications. Stress in the shipping industry has led to a shrinking market for broadband terminals, which has also hurt Inmarsat's performance. Almost 7 per cent of the company's free-floating equity are on loan to hedge funds, including AQR, who are betting against a rise in Inmarsat's stock price. Analysts have discussed the likelihood of a takeover approach by EchoStar for more than a year. "The fall in the Inmarsat share price now outweighs the evident dis-synergies and clunking industrial logic of a bid from EchoStar," analysts at Jefferies wrote in December. EchoStar did not immediately respond to a request for comment. Under UK Takeover Panel rules, EchoStar has until July 6 to make a firm bid for Inmarsat or to walk away for six months. Mr Ergen, a former professional poker player and self-described avid mountain climber, is a veteran in the media and telecoms industry with a reputation for being a cut-throat operator. In 1980, he founded EchoStar with his friend Jim DeFranco, with the goal of providing rural Americans satellite service. The company grew, and in 1996 it launched Dish, which beamed cable channels to TVs across the country. The groups ultimately split in two. The billionaire's nose for dealmaking continued. In 2013 he launched a bid to take wireless carrier Sprint Nextel private for more than $25bn, but Dish ultimately pulled out after a bidding war with SoftBank. Two years later he held talks with T-Mobile USA on a possible deal that would see Dish buy out the wireless group. Negotiations between Dish and T-Mobile later broke down. EchoStar has a market value of $4.5bn, with its shares falling 0.6 per cent by midday in New York. Inmarsat provides satellite communications services for industries ranging from maritime to military use and aviation. The company has also sought to expand in providing in-flight Wi-Fi to consumers. Its core business is providing connectivity to ships, aeroplanes and hard-to-reach places around the world. Inmarsat has faced competition from new entrants, such as SoftBank-backed OneWeb, as well as tech giants such as Google, which are looking to provide connectivity to far-flung corners of the world. The bid by EchoStar follows an attempt last year by Japan's SoftBank merge Intelsat, the heavily indebted commercial satellite operator, with OneWeb. The deal between the two companies fell through. |
Posted at 08/6/2018 08:58 by wskill No one thinking that there is a ew found strength in the isat share price are the hedges closing this 5% short positions.I think we have a buyer accumulating stock and building a position as certainly swimming against the tide today. |
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