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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.60p +0.11% 560.20p 560.00p 560.40p 571.80p 556.60p 560.00p 632,629 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 1,149.0 131.7 21.2 26.0 -

Inmarsat Share Discussion Threads

Showing 3951 to 3971 of 3975 messages
Chat Pages: 159  158  157  156  155  154  153  152  151  150  149  148  Older
Not 3 more months of useless RNss please!
Settling case with Rignet to tune of $50M sounds good. But irrelevant to us... Sold my last holding at 542 today ...
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.
wad collector
So if we hold here we get paid out on usd sometime in Q4 this year. Maybe a rival bid comes through? If not we have a usd deposit which could be a hedge against a weak pound. R2
Bit lazy of me perhaps but does anyone know when we get our money? R2
Good to see this company spurred to action now it's going private.No more fighting for shareholder approval for undeserved salary increases.Head in the nosebag time.
Despite being one himself?
Apparently,Warren Buffet isn't very keen on private equity outfits.
dexdringle - The way I see it 12% have given irrevocable undertakings to vote for the deal but it's likely many more big holders have had telephone discussions and have said something along the lines of "We're not commiting in writing but we'll vote for it it on the day" many thousands of PI's never get to know about those conversations. I'm no legal expert but I would have thought they need 50% to get it passed. I suppose it could go against the BoD afterall Unilever got a shock when the majority of shareholders voted against a move of HQ and the CEO ultimately had to go.
Surely if only 12% of shareholders have approved then the deal will not proceed as presumably there is a minimum percentage that must vote in favour ? A deal at this level can't be popular with most shareholders can it?
HL have sent me details of the upcomming Scheme of Arrangement in which they say that (as of 26/04) only 11.95% of shareholders have given irrevocable undertakings to vote in favour. I'm so teed of with this that I might well take Noctons advice and sell now. If I thought there was a chance of the bid being rejected I would hang on and vote against, that would likely not gain me anything financially but would be nice to see the BoD get their comeuppance haha.
Softbank sniffed around but did not bid?
Anyone seen this on Ligado? Could be material if this goes through hxxps://
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”) for each 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."
Was the offer not conditional on no further dividends being paid after the date of the offer ?
Xd today - the adfn financial info at the bottom wrongly says next Tuesday. Well I guess that is the last of the ISAT dividends.
wad collector
Unless they thought there was a counter bid coming, given that the share price is about equal to the offer price, why would anyone buy these now ?
steeplejack, yes a tawdry affair indeed. I tried to do some research into the directors but it's difficult because anything in the public domain is heavily monitored and even controlled by the PR guys.
Yes,that's certainly what the price stagnation around current levels suggests.A rather tawdry affair.The prime beneficiaries of Inmarsat's decade long listing on the U.K. stock exchange have been the management.Firstly,reaping a sizeable windfall when the company listed and then years of attractive remuneration packages.Indeed,such high,unjustified,salaries that even the City baulked at the payments.Income seeking shareholders benefitted from excessive dividend payments albeit at the expense of capital growth.Anyway,off they slink behind the protective custody of private ownership.Once out of sight,I hope the management are given a large kick up the backside.
I think the recent share price tending to £5.40 makes clear that this is a done deal.
wad collector
Perhaps enough institutional shareholders look at the share price fall over the last few yrs and would rather have cash in hand with a share price bounce than hold for better things that might not happen? They look at 375p share price two months ago and cut their losses?
wad collector
Chat Pages: 159  158  157  156  155  154  153  152  151  150  149  148  Older
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