Inmarsat Share Discussion Threads

[fusebox] 19/10/2005 15:37

Ready to go beneath its launch price now is very negative for the stock.

[fusebox] 19/10/2005 14:26

This was overvalued before the launch expect far more downside.

[andrbea] 19/10/2005 14:15

JPMorgan Cazenove has lost 13 clients since the merger but has picked up nine new clients, including Inmarsat, the satellite group. It said the joint venture's revenues had improved in the first nine months of the year, rising 14 per cent compared with pro forma figures for the same period of 2004.

[little beaker] 19/10/2005 14:06

OK,

We should see some support at this level.

Best of luck to all of you.

Nice looking Bart Simpson head on the chart now!

[andrbea] 19/10/2005 08:30

"Inmarsat now has one, geo-stationary satellite covering the Indian Ocean region connecting Europe, Middle East, Africa and Asia. The second satellite, due to be launched November 5 will cover the Atlantic Ocean and include both North and South America and the third will be launched in 2006 - with the view to providing complete global services by 2007. "

[andrbea] 18/10/2005 15:54

many stocks on AIM are being hot hard
sentiment is poor - inflation fears.... high oil prices, ...

maybe november will see a general bounce (like most years)

[whipround] 18/10/2005 15:23

This does not look pretty, presumably the new satellite is insured (fully comp)
good solid stock, so why the fall?

[andrbea] 18/10/2005 09:39

re: market valuation (post 308): maybe their house broker should do this for them, and put it on the website.. :-)

my gut feeling:
with this current low share price, maybe isat will be taken out eventually (eg by eutelsat?)
there's a lot of consolidation going on (eg nse in America)

and with all these expensive ipo's in 2005, many operators are looking for ipo-money to pay for new infrastructure. Banks just aren't lending that kind of capital any more. Hence the need for an ipo

"Paris-based Eutelsat, Europe's largest satellite operator by revenue..."

[whipround] 18/10/2005 09:13

Andrbea
Maybe it would be possible with all the newsflow to count the number of new terminals and hence predict growth. Also, another story this morning about UN having an emergency relief force for disasters.

[andrbea] 18/10/2005 07:50

small mention for inmarsat

[whipround] 17/10/2005 16:12

Use of new Inmarsat satellites for emergency famine planning.

[whipround] 17/10/2005 15:54

Reports of trip to Russia to demonstrate use of new sat technology.

[andrbea] 17/10/2005 15:51

a us satellite play (nse) is up 6.6% today.

[whipround] 17/10/2005 15:49

Excellent stuff Andrbea. Keep banging the drum. Not many RNS's from Inmarsat, although plenty of PR on their website, I get the feeling we might have to wait until March before this take off again.

[andrbea] 17/10/2005 14:56

and ... back I am (to whipround)

"The GattoBroadband vehicles, developed in association with IP Access International of San Juan Capistrano, CA, feature multiple-line VOIP (Voice-Over-Internet-Protocol) phone service and high quality voice and data channels available through IP and Inmarsat M4. Keeping with the mission of providing a completely mobile newsroom, the vehicles will offer both standard and e-fax faxing capabilities, wireless printers, photocopying, image-scanning and high-end digital audio production. In addition, the vehicles will be able to offer video services, both live and store-and-forward, for such applications as breaking news, webcasts, streaming media and video-conferencing."

[andrbea] 14/10/2005 16:12

eutelsat (ipo update)

[andrbea] 14/10/2005 16:10

another reprint of the voip story



(ref 297: nice one whipround)

[whipround] 14/10/2005 15:24

sorry, my own financials, earnings before interest, tax,depre and amort. Half yr figures are $172m, less dep & amor =$122m, once you've taken interest and tax off figure falls to $42.8m = about £25m so say £55m for full year, however dep and amortisation are easy to manipulate, they've just extended the useful life of some of their satellites from 10 to 13 years. So yes in a sense they are completely fabricated but in another sense they are correct. Tax is just a divi for the govt.

[little beaker] 13/10/2005 16:40

Yes, some buying at around the £3 level, proving at least a short term support for the shares.

Quick question for you, Whipround: I note from my sources that ISAT aren't expected to have anything like a p/e of 10 for the current financial year. Are your estimates based on anything solid or are they completely fabricated?

[whipround] 13/10/2005 16:35

Nice finish today, I think I prefer to see and read Andrbea on this page rather than prty.

[andrbea] 13/10/2005 07:53

there's money to be made in them old 'dishes...


"Eutelsat order book above 4 bln eur, 5 times sales for latest year
10.11.2005, 09:08 AM

PARIS (AFX) - Eutelsat Communications' order book stood at more than 4 bln eur on Aug 31, five times total sales for the company's latest year, it said in the prospectus for its 1.2 bln eur initial public offering.

Eutelsat, the world's third largest satellite operator, has already achieved 600 pct organic growth in sales since 1990, Giuliana Berretta, the chairman, said at a news conference of the proposed flotation. "

[whipround] 11/10/2005 14:12

Operating profit for H1 was $122m or £70m, assuming that H2 is marginally better then profits for the year will be around £150m giving this a p/e of less than 10. With an operating margin of 68% and dividend of maybe 3%. With terminals in the core marine market growing at 12% pa, this has to be a bargain at these levels. Trying to sell my car to buy another load.

[andrbea] 10/10/2005 14:01

Telenor's Fleet F77 service via Inmarsat delivers a wide range of services for voice, fax, and data communications at speeds of up to 64 kbps, including the rapid mobile Integrated Services Digital Network (ISDN) and the new, resource-efficient Mobile Packet Data Service.

[pawsnjaws] 10/10/2005 13:39

Sunday, 9 October, 2005
Inmarsat still on track
by Chris Whyatt
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Halawi claims that BGAN's rollout is going to schedule.
Satellite telecommunications firm Inmarsat is still on track with its plans to provide a broadband global area network (BGAN) service, one of its senior executives told IT Weekly. The firm claims it will produce the first facility in the world to provide both voice and broadband data connectivity through a single device.

At Gitex last month, the mobile satellite communications vendor reassured customers that the second of its satellites, providing coverage for the Americas, would be launched as originally scheduled in November. The first BGAN satellite was shot into space above the Indian Ocean in March this year and its range covers Europe, the Middle East, Africa, and the Asia-Pacific regions.

By the time both are operational, the company said 85% of the earth's land mass will be covered. BGAN is the long-awaited upgrade from R-BGAN (R is for regional), which served over the Indian Ocean for three years as a transitional, interim service.

"Users can set up a broadband mobile office in minutes anywhere on the planet. All they need is just a clear view of the sky," said Samer Halawi, MEA regional director for Inmarsat. "But of course you can be sitting inside, where maybe it's cool and air-conditioned, and place just the device outside. Bluetooth is also an option," he added.
In its fourth generation of lightweight satellites terminals - Inmarsat-4 - the company has enhanced its devices to work in conjunction with the global service, and it is there that it claims to have a world's first. Each device allows user to make a voice call, send a fax, or connect to the internet at speeds of up to 492Kbits/sec.

In light of its global expansion, Halawi explained to IT Weekly the Middle East's continued importance. "It's a crucial region to us. That's witnessed by the fact that we are offering this service here before we offer it to America, for example," he said. "On the R-BGAN device, 60% of the traffic is coming from the Middle East alone." While he could not give an exact figure in terms of global revenues, Halawi said the region was specifically responsible for over 35%.

The global mobile satellite communications company counts Emirates Airlines, the United Nations, and Aramco as customers. The media is also a big beneficiary, according to Halawi. "It used to be that the local media (Dubai TV, Al Jazeera, etc) relied upon BBC and CNN for their pictures. But now it's the other way around," he claimed.

Inmarsat conducted an IPO (initial public offering) on the London Stock Exchange in June which raised US$669 million, and valued the company at roughly US$2.4 billion. The former international nongovernmental organisation, which was privately acquired in 2003, is testing a third satellite in space and studying the commercial implications for aeronautical and maritime routes, which could take its range closer to 100% of earth land mass.