Inmarsat Share Discussion Threads

[extrader] 12/7/2018 11:27

Hi all,

It calls into question how serious a 'threat to national security' argument can be if it can be 'neutralised' by the simple expedient of a vested interest (the BoD getting its options triggered) agreeing to an offer !

I suppose everything's for sale - including national security - at a price....

;-<<br />
ATB

[the original goldbug] 12/7/2018 11:26

The government can’t privatise and champion free enterprise and then refuse a takeover.

It would set a precedent with lots of ramifications.

A Corbyn government on the other hand...

[kalkaar] 12/7/2018 10:26

there is concern no doubt about the sensitivities surrounding a potential ISAT takeover but the view in the city seems to be that the government is less likely to kick up a fuss should any takeover meet with Board approval

[bscuit] 12/7/2018 09:39

If the Northern Aerosppace deal gets blocked on national security grounds might I SAT not be in the same position?

[kalkaar] 12/7/2018 09:36

ISAT would be a drop in the ocean for them having a fund for acquisitions close on $100bn!

Biggest question has to be are they interested.. if Softbank do bid, i'm pretty sure Echostar would be back with a rival bid and it could trigger that bidding war we were all expecting first time round.

could be forgiven for thinking someone is accumulating in the background given how well the share price has held up.. especially after yesterday's skittishness in the markets.

[the original goldbug] 12/7/2018 09:19

You would think SoftBank would accrue 3% in the market before making a bid. Maybe this is what is keeping it well bid this week?

[argylerich] 12/7/2018 08:52

Comprehensive article from IG:

[volsung] 12/7/2018 08:38

Nice to be in profit with this at last

[redchef] 12/7/2018 08:11

Nice opening jump to near 550p. Something must be in air. 550 was a resistance level under the previous t/o offer Imho

[kalkaar] 10/7/2018 11:36

Holding up very well.. High volume too

[kamitora] 09/7/2018 12:07

"could Dish put in a bid that's be seen as entirely independent to Echostar's bid in spite of them having the same boss?"

Exane says it could.

"Charles Ergen has shown interest in Inmarsat. We believe his interest goes beyond the strategic fit with Echostar. It includes the benefit for Dish – the sister company of Echostar – of owning the spectrum Inmarsat licenses to Ligado, a competitor it tried to acquire five years ago. In Dish’s Q1 18 conference call, Ergen mentioned that he ‘did not exclude merging Echostar and Dish’. The PUSU rules do not apply to Dish. Inmarsat bid speculation is likely to continue."

[ellemaitch] 09/7/2018 12:00

At least pursuers know £5.32 wont be accepted and therefore the DD costs spent by Echostar are beneficial for others - i also read that Inmarsat refused further time for Echostar , hence why they walked . I think the board will realistically look at any bids that start around £7

[zcaprd7] 09/7/2018 10:22

I'm waiting for softbank, they have deep pockets and a (fairly) clear run now...

[kamitora] 09/7/2018 08:32

This is curious. Perhaps the market knows something again. I've been wondering about whether the board might find themselves a white knight. EchoStar could return in six months, more hostile.

[kalkaar] 09/7/2018 08:26

Well that's a pleasantly unexpected reaction.. might there still be some hope someone else in the background?

[kamitora] 07/7/2018 05:20

British satellite maker Inmarsat fights off interest from American suitor - but could still fall into hands of foreign predator

[weatherman] 06/7/2018 21:22

I have known of other stocks where a share price seems to fall prior to the bid announcement, and then mysteriously when the bid is rejected the price doesn't fall much. But who knows - there seems to be a big gap between the recent low price and brokers estimates of underlying value and assets.

[sky2002] 06/7/2018 21:19

Thanks!I know I've been following it for months, I was replying to ortis23's comment mate

[volsung] 06/7/2018 20:48

It’s just under £5 mate

[sky2002] 06/7/2018 20:08

Wow below £4 not good ❌😡

[kalkaar] 06/7/2018 19:19

Just sprang to mind that EchoStar released their 'no formal bid' RNS purposefully during auction as a parting swipe at ISAT when they should have really waited until official close as ISAT did.. either way likely follow through selling into market open Monday morning..what goes down must..Have a good weekend all.

[ortis23] 06/7/2018 19:19

Although it's worth at least 532 to echostar, I see this falling to £4 or worse Monday morning. Thoughts?

Things to look forward to:

1) EAN launch. Although this was slated for June. Perhaps they've delayed announcement? Also news on new airline uptake. Lufthansa?
2) ligado. I forget the chance suggested by some. 30%? But £2 upside?
3) Chinese deal. Spouted on FT Alphaville. Anyone know more?
4) positive Q4?

[the original goldbug] 06/7/2018 18:48

I’m not disagreeing the board and managment have royally screwed this up.

[steeplejack] 06/7/2018 17:24

Perhaps I’m being a tad harsh but if the management had made a better fist of things in recent years,the bid would have been higher!Old newspaper reports from last year....

Exec pay at UK satellite firm Inmarsat has been slammed for being "too closely geared towards short-term awards" as shareholders today revolted and voted down multi-million awards to the firm's top brass.

Some 58.49 per cent voted against Inmarsat's remuneration report at its annual general meeting (AGM).

Chief executive Rupert Pearce took over £1.9m in 2017 with finance chief Tony Bates paid £1.5m. The pair's remuneration fell from £2.3m and £1.8m respectively in 2016.

Today's revolt follows Inmarsat's 2017 AGM, which saw 48.9 per cent of shareholders voted against the firm's annual report on remuneration.


Ashley Hamilton Claxton, head of responsible investment at one of Britain's biggest fund manager's, Royal London Asset Management, said Inmarsat's board "did not go far enough to address....