Inmarsat Share Discussion Threads

[wad collector] 20/3/2019 08:35

Dexdringle , because the situation has changed....

[peaksntroughs] 20/3/2019 08:32

Maybe because the suggested offer price in January came before their results. Post results (which were not dire, and instead suggest real future potential for wi-fi) the board might well reject this, or be renegotiating a higher price. Mr Market today seems to suggest the bid will fail - price is up but not close to offer price.

[undervaluedassets] 20/3/2019 08:27

Predators sniffing for the second time in six months.

Confirmation - if confirmation were needed - that this is massively undervalued.

[dexdringle] 20/3/2019 08:01

Given that, nine months ago, EchoStar offered 532p a share and the board considered that "very significantly undervalued Inmarsat and its standalone prospects" why would the same board now even entertain a bid at 542p ?

Why would they not be making the same "undervalued" statement about this bid ?

[robsy2] 20/3/2019 06:09

‘Time to warm our hands on some burning shorts’ . What a lovely turn of phrase.

[kamitora] 20/3/2019 05:31

"They did well to keep it quiet for that long!"

Or to put it another way they received a specific cash offer at US$7.21 per share almost 8 weeks ago involving multiple parties (higher chance of leaking) and apparently failed to inform the market until the media found out. So it actually feels like a "false market" situation was allowed to develop, which might be actionable. Does little to inspire my confidence in the Board.

[zcaprd7] 19/3/2019 23:46

Private equity is soo stingy, this is worth much more...

[bluemango] 19/3/2019 23:21

Cityam article is wrong to say "Shares in the London-listed firm rose by 1.38 per cent following the announcement."

The announcement was two hours after market close! We are yet to see market reaction on LSE.

[extrader] 19/3/2019 20:16

Hi again,

These are the material (over 0.5%) short positions disclosed per short-tracker :

Fund % short change Date changed
Merian Global Investors (UK) Limited 0.90% 0.10% 1 Mar 2019
Millennium International Management LP 0.50% 0.50% 14 Mar 2019
Portsea Asset Management LLP 0.90% 0.12% 8 Mar 2019
Thunderbird Partners LLP 0.69% 0.15% 7 Feb 2019
Total 2.99%

About 14 million shares to find...….

Apols re formatting - 3 attempts !

ATB

[argylerich] 19/3/2019 20:05

They did well to keep it quiet for that long!

As extrader says, now it's time to open it up.

It's going to be an interesting day tomorrow. Time to warm our hands on some burning shorts. The fund manager at Portsea is not going to be a happy bunny!

[extrader] 19/3/2019 19:50

Hi all,

The indicative offer was made end January; "informed" (?) buying seems to have started mid Feb, pushing share price up from 375ish; and the CEO and CFO vested 3 years' worth of Bonus Shares (about 50,000 shares each, after tax / NI) on 8th March.

After some desultory chat, looks as though ISAT has announced in order to see who else might throw their hat into the ring.

NY's US$ 7.05 = £ 5.34.

"Fortune favours the brave".

ATB

[ortis23] 19/3/2019 19:43

Offer was in Jan. Hopefully echostar will counter.

[ortis23] 19/3/2019 19:42

Us listing up %25.

[bluemango] 19/3/2019 19:29

After-hours announcement re approach at 7.21 USD per share (£5.43 at today's exchange rate). RNS was issued at 18:48, more than two hours after market close. Closing price was £4.38.

Shorters' nightmare. Interesting to see opening price tomorrow.

[dexdringle] 19/3/2019 19:28

$7.42 = £5.40. Not exactly Christmas is it ?

I need £7 a share to break even...

[ortis23] 19/3/2019 18:53

US$7.21 per Inmarsat share

hxxps://www.streetinsider.com/dr/news.php?id=15275046&gfv=1

[tilly99] 19/3/2019 18:41

Inmarsat: Apax and Warburg Pincus said to be working on a plan to take co private - betaville

[wynmck] 19/3/2019 11:17

rns results date 1st May

[harleymaxwell] 19/3/2019 07:49

Guessing price drops as some expected more exciting news.....

[zcaprd7] 18/3/2019 23:40

Hmm, Softbank again, but with oneweb, who just raised $1.25 billion (gulp)... https://www.bloomberg.com/news/articles/2019-03-18/oneweb-raises-fresh-1-25-billion-for-internet-system-from-space

[zcaprd7] 18/3/2019 17:04

SoftBank Group Corp. has picked banks including Nomura Holdings Inc., Goldman Sachs Group Inc. and Deutsche Bank AG as lead underwriters for the initial public offering of its Japanese wireless business, said people with knowledge of the matter...https://www.bloomberg.com/news/articles/2018-10-12/softbank-is-said-to-select-nomura-goldman-sachs-to-lead-ipo

[argylerich] 18/3/2019 13:32

Si it's Nomura who've been swallowing up the shorter's offerings, and some...