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ISAT Inmarsat Plc

544.40
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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
  0.00 0.00% 544.40 544.40 545.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Inmarsat Share Discussion Threads

Showing 2476 to 2500 of 4000 messages
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DateSubjectAuthorDiscuss
14/11/2017
11:20
Inmarsat transforms seafarer safety with SafetyNET II launch
14 November 2017: Inmarsat has launched a vital new service, SafetyNET II, for Maritime Safety Information Providers (MSIPs), marking a key stage in upgrading the Global Maritime Distress and Safety System (GMDSS), which helps to save thousands of lives at sea each year.



Inmarsat’s new generation international broadcast and automatic reception service for Maritime Safety Information (MSI), enables MSIP’s to transition their communications to web-based messaging.

As a web-based service, SafetyNET II introduces broadcast scheduling, continual monitoring, message cancellation, multiple text input methods, among other functions and usability improvements.

Exhaustive testing
Following exhaustive testing with six host countries, SafetyNET II is fully available for the delivery of safety-related messages to vessels including weather forecasts, navigational warnings and piracy alerts.

It also provides additional reassurance to ships in distress, by modernising the infrastructure supporting the International Maritime Organization’s GMDSS in a way that can enhance search and rescue operations.

Another enhancement sees the introduction of read-receipts, so Search and Rescue (SAR) personnel know whether messages responding to distress calls have been picked up. It’s a seemingly small change, but one that assists SAR decision-making.

Next Generation
During the trial period, SafetyNET II was instrumental in saving lives, with its use proving pivotal in two rescues overseen by authorities in New Zealand*.

“SafetyNET II is an important and highly effective, next generation safety service,” says Peter Broadhurst, Senior Vice President, Safety & Security, Inmarsat Maritime. “Direct input from MRCCs and other MSI providers was instrumental in developing and refining the solution to fit end-user requirements.”

“Most MSIP’s are familiar with web-based interfaces which means the training requirement is lower. They can focus on new functionalities, such as the ability to schedule navigational warning repeat messages,” continued Broadhurst.

Future-proofed
MSIP’s also often have to work within tight budgets. Using a web-based platform means they do not need to spend on specialised hardware or divert stretched resources for IT upkeep. Inmarsat recognised that the new system needed to be both future-proofed and backwards compatible.

SafetyNET II is no longer limited to ships featuring Inmarsat C terminals. Ships with FleetBroadband will automatically benefit from enhanced resilience, as messages will have multiple pathways to reach the bridge.

To ensure redundancy, SafetyNET II is supported from two custom-built and synched data centres, one in London (United Kingdom) and the other in Burum (the Netherlands).

About SafetyNET II
For more than 20 years, SafetyNET has been the international service for broadcasting and automatic reception of Maritime Safety Information (MSI), transmitting up to 360,000 messages each year.
All MSI messages from shore-to-ship are received on board free of charge.
SafetyNET II has been named as a finalist in the Lloyds List Global Awards 2017 in the category identifying innovative technology or projects that have the potential to move shipping forward – whether in safety, environment or operational efficiency.
*During trials SafetyNET II proved pivotal in the recovery of three men in a 15-foot wooden boat off the Marshall Islands, after Rescue Coordination Centre New Zealand (RCCNZ) asked its Marine Operations Centre in Wellington to supplement aerial searches with SafetyNET II alerts. The master of a bulk carrier en route to Panama posted additional look-outs, spotting the stranded crew and allowing RCCNZ to coordinate retrieval. In a second incident, a fishing crew of six were rescued after three days adrift in the Pacific Ocean, 200 nautical miles off Tonga. A SafetyNET II broadcast led to

w1ndjammer
14/11/2017
11:17
Don`t forget it does cost the shorters money to borrow the stock. so time will
be limited especially as Global Express starts to gain more traction, worth
$130 billion worldwide.

WJ.

w1ndjammer
14/11/2017
10:36
You never know how long shorters will keep a short position running but being able to bank a good profit might well narrow the time horizon.Neither Blackrock or Old Mutual are fly by nights,so I guess there's some conviction behind these short positions.Some years ago (true story) a hedge fund was asked by a client just how long they would hold a particular stock they had recently purchased ie three,six months,two years?The fund manager replied,"well,let's put it this way,we won't be selling this afternoon." In a world dominated by algorithmic trading,outside of the sedate world of pension funds,it's all pretty feral.
steeplejack
14/11/2017
09:21
Fair comment steeplejack, having never worked for one of these outfits I don't know if they open a short position with a price target in mind, or whether the situation is fluid, and is therefore partly sentiment based? That doesn't sound quite right to me, but I agree with what you're saying.
frazboy
14/11/2017
09:15
Well,perhaps Old Mutual and Millennium both,looked at the results and thought they should reverse the increase in their short position undertaken days ahead of the figures but I doubt it.The sentiment surrounding this stock is dire and I don't think, in these markets,shorters will be closing their positions anytime soon unfortunately.Directors buying stock is encouraging but sadly,I think the likes of Blackrock and Old Mutual are more attune to gauging current market sentiment towards Inmarsat and the current sentiment in the market in general.
steeplejack
14/11/2017
09:12
November 2017
Jefferies International 13/11
Reiterates
Buy
Buy
1,100.00p
JP Morgan Cazenove 10/11
Retains
Neutral
Neutral
690.00p
Jefferies International 10/11
Reiterates
Buy
Buy
1,100.00p
Societe Generale 06/11
Reiterates
Sell
Sell
520.00p
Berenberg 02/11
Upgrades
Sell
Hold
640.00p

w1ndjammer
14/11/2017
08:54
Steeplejack - the only one of those short positions that has changed since the announcement of the Q3 results is Blackrock. It'll be interesting to see if there are any more updates over the next few days.
frazboy
14/11/2017
08:51
Azerbaijan Airlines selects Inmarsat’s GX Aviation through Rockwell Collins
13 November 2017: Azerbaijan Airlines (AZAL) today announced its selection of Rockwell Collins’ CabinConnect™ wireless in-flight connectivity and entertainment solution using Inmarsat’s Global Xpress (GX) satellite network.

The agreement for global high-speed in-flight broadband, a full suite of advanced avionics and overhead in-flight entertainment (IFE) was unveiled at Dubai Airshow 2017. It covers a total of 10 Boeing 737 MAX aircraft, with deliveries expected to begin by the end of this year.

GX Aviation is the world’s first in-flight connectivity solution with seamless, reliable high-speed global coverage provided through a single operator. It is the only service in the market that guarantees minimum data rates, ensuring that airline passengers can browse the internet, stream videos, check social media and more during flights, with an onboard connectivity experience comparable to the mobile broadband services they may receive on the groun

w1ndjammer
14/11/2017
08:22
Looks like the shorters have been topping up rather than closing.1 Nov 2017BlackRock Investment Management (UK) Limited 0.81% 0.13% 9 Nov 2017Marshall Wace LLP 1.41% 0.02% 27 Oct 2017Millennium International Management LP 0.62% 0.09% 6 Nov 2017OLD MUTUAL GLOBAL INVESTORS (UK) LTD 0.82% 0.12% 8 Nov 2017Paloma Partners Management Company 0.59% -0.01% 2 Nov 2017Total 6.65%
steeplejack
14/11/2017
08:05
I think this mornings drop is due to an MS broker downgrade - anyone know anything different?
frazboy
13/11/2017
14:41
we could be putting a bottom in at this level.

WJ.

w1ndjammer
13/11/2017
12:35
a dividend cut would knock another 100 pips off the share price shorters always talk
about dividend cuts.

WJ.

w1ndjammer
13/11/2017
11:47
Don’t forget the Landsdowne funds are up to their gills in this name and I suspect are under all sorts of redemption pressures due to poor performance.
the original goldbug
13/11/2017
11:41
I bought back this morning and will buy a similar size position again on either a dividend cut or evidence of EBITDA growing smartly ahead of consensus.

I still think the dividend needs to be cut for a couple of years to get the balance sheet back under control. I believe after the initial selling by income funds a cut would be well received by the market.

I saw VSAT on NASDAQ had a pop on Friday, anyone know what that was about?

the original goldbug
13/11/2017
11:07
2475 - the non-cash item was a gain in Q3 last year so Q3 this year looks that much lower. I think that's what they mean.
bigbertie
13/11/2017
10:24
Another director buy, and a similar sized stake to that of the Chairman and also the CEO Rupert Pearce reported Friday - over £100k for 20,000 shares.

To treble the holding of Abraham Peled, appointed nearly 5 years ago in June 2013, previously held 10k shares.

bluemango
13/11/2017
10:02
Bt a few this morning, has to be one of the highest yielding stocks out there (assuming divi maintained).

Looks like Artemis went from a zero position.

shroder
12/11/2017
21:09
No answers, my own guess it's pretty neutral due to appearing elsewhere on the balance sheet.
shroder
12/11/2017
15:01
All other things being equal, I would expect the share purchases by the Chairman and by the CEO at 5.19 to mark the low point for these shares and for recovery to begin from here.

Shouldn't put too much weight on director buys, I know, but in anyone's language these are significant capital stakes showing a good degree of commitment and confidence, and are a signal to the market that they see the company as significantly undervalued at these levels.

Also a largish collective short position to be closed at some point, just to add to the mix. Saw a similar situation in Berkeley Group which had a 6% aggregate short position six months ago and has had a stellar share price performance as those short positions were unwound to less than 2% as of now.

bluemango
11/11/2017
16:06
Bid target as well at these levels you would suspect. Some rival must be rubbing their hands together surely ...

Market cap less than the market cap of Fevertree drinks. You get all that expertise. Hardware. Assets. satellites Cash flows and repeat customers for less than the recipe for a couple of fizzy drinks.

undervaluedassets
11/11/2017
15:53
Couldn't quite get my head around the 56.4m financing charge which is shown as a negative (EBITA summary) but then refereed to as a gain below?

_____________________________________

Net financing cost

Net financing costs for the quarter ended 30 September 2017 decreased by $101.9m to become net financing income of $36.3m. This includes to a non-cash gain of $56.4m (Q3 2016: charge of $10.6m) in the quarter related to a decrease in the unrealised conversion liability of the new convertible bonds. This was driven by a reduction in the bond price during the third quarter of 2017 (see note 7 of this announcement for more details). The cumulative pre-tax non-cash charge to date of $44.6m will reverse to nil if the convertible bonds reach maturity and are not converted.

Excluding this non-cash charge, net financing costs for the quarter ended 30 September 2017 were $20.1m, a decrease of $34.9m from the same period last year, mainly due to the $32.8m pre-tax one-off cost on redemption of the 2017 convertible bonds recognised in September 2016.

shroder
10/11/2017
19:01
Plus a cool £200,000 value share purchases by the Chairman & CEO after the market closed tonight.
blueliner
10/11/2017
16:49
well at least Artemis can see the value here took over 5% nice one
where are the shorters going to get the stock from to buy back now.
woooosh

WJ.

w1ndjammer
10/11/2017
11:51
Indeed, as soon as the capex drops off, we're away...
zcaprd7
10/11/2017
11:24
They've got a high capex for another 5 quarters then it improves. Why cut the dividend? Capex will be about $700m+ over that period. They've already executed about $1,500m of capex in the last 3 years and net debt has not moved much. Interest has gone up a bit. EBITDA is looking like $750-800m and seems set to rise with turnover guided to rise 11% next year on midrange assumptions, even if air margins remain weakish. Explain why they can't just borrow $200m and take net debt to $2200m if EBITDA is going to be $800m+. Interest on that ought to be about $115m, so about 7 times covered. Dividend cost will be about $235m. Interest and dividend will be about $350m. That still leaves $450m, which should rise in subsequent years. With capex easing in 2019, they can then pay maybe $200m off the debt and be back to the same debt but with EBITDA higher than now. Somebody explain why they can't be paying a $250m dividend then. There's a lot of guff being spouted but no numbers.
aleman
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