Inmarsat Share Discussion Threads

[philo124] 20/8/2009 14:48

FAIRENOUGHSKI

[dasv] 20/8/2009 14:46

fall was ex-div so part of drop explicable.

[philo124] 20/8/2009 14:24

Bought 1500 today sub £5; irony is thought my broker had already bought them a few weeks ago at c£5.50 so maybe got timing right for a change, i think so.

[enami] 18/8/2009 10:58

Looks oversold now, down to the same level as the last dividend drop (489).
I guess the directors selling last week has something to do with it.

Hopefully the Harbinger bid will come soon and those directors will be kicking themselves for selling out at a lower price than the bid.

[dasv] 06/8/2009 10:23

indeed.

Looking closely at the figures were not for depreciation on some recent satellites , EBITDA would have risen roughly 15% not 10.5%?:-
+-----------------------------------------+-------------+-------------+------------+
| (US$ in millions) | 2009 | 2008 | Increase/ |
| | Half | Half |(decrease) |
| | year | year | |
| |(unaudited) |(unaudited) | |
+-----------------------------------------+-------------+-------------+------------+
| Profit for the period | 73.9 | 58.9 | 25.5% |
+-----------------------------------------+-------------+-------------+------------+
| Add back: | | | |
+-----------------------------------------+-------------+-------------+------------+
| Income tax expense | 23.1 | 28.9 | (20.1%) |
+-----------------------------------------+-------------+-------------+------------+
| Net interest payable | 68.2 | 68.5 | (0.4%) |
+-----------------------------------------+-------------+-------------+------------+
| Depreciation and amortisation | 116.5 | 107.8 | 8.1% |
+-----------------------------------------+-------------+-------------+------------+
| Share of results of associates | (0.4) | (0.5) | (20.0%) |
+-----------------------------------------+-------------+-------------+------------+
| Gain on disposal of fixed assets | (1.5) | - | - |
+-----------------------------------------+-------------+-------------+------------+
| Goodwill adjustment | 10.1 | - | - |
+-----------------------------------------+-------------+-------------+------------+
| EBITDA | 289.9 | 263.6 | 10.0% |
+-----------------------------------------+-------------+-------------+------------+
| EBITDA margin % | 57.0% | 54.4% | |
+-----------------------------------------+-------------+-------------+------------+
Depreciation and amortisation
During the half year ended 30 June 2009, depreciation and amortisation was
US$116.5m, an increase of US$8.7m, or 8.1%, compared with the half year ended 30
June 2008. The increase is predominantly due to depreciation on the third
Inmarsat-4 satellite and Inmarsat's third Satellite Access Station ("SAS") in
Hawaii, following the commencement of commercial service in January 2009 and
additional depreciation on additions to tangible fixed assets in Stratos.

[leedskier] 06/8/2009 07:34

That is because it is viewed as a telecommunications defensive share, but it may go up today!

[dasv] 04/8/2009 10:38

ISAT is a contrarian share - it goes down when the FTSE rises and rises when the FTSE goes down (of course there is some correlation with the bigger longer term trend as well). Its defensive qualities are valued by the market...

[enami] 31/7/2009 18:25

broshm try



For a regular weekly spreadsheet download (cost 50p per week) with info for all FTSE350 index shares on a single page try

[broshm] 31/7/2009 17:15

where do I get good details of exdiv dates and values ? Enami , thanks for the above link .

[bengo] 27/7/2009 12:16

PRESS RELEASE: S&P Raises Inmarsat And Stratos Global To 'BB+'; Otlk Stable

[enami] 09/7/2009 09:08

Broker: RBS
Company: Inmarsat

Recommendation: Raises price target to 642p from 617

InterMarket Stock's recommendation rating: Buy

[dasv] 02/7/2009 15:28

Inmarsat Completes Invest In Skywave Mobile Comms >ISAT.LN

[dasv] 09/6/2009 15:47

Looking good chaps.

[eipgam] 26/5/2009 09:58

BROKER CALL: Inmarsat price target raised to 600p
26 May, 2009

Reach for the stars? Not quite. Credit Suisse has raised its price target on the satellite operator to 600p from 540p and retains its outperform recommendation. Broker says: 'Inmarsat reported robust Q109 results including 10.5% consolidated revenue growth despite the quarter being negatively impacted by $5m of higher volume discounts vs. Q1 08 (more than us and consensus forecast)due to the re-phasing of volume discount distribution agreements. Without the $5m extra discounts, Inmarsat would have beaten, rather than met,
consensus revenues. Inmarsat also took time to complete the repositioning of its I-4 constellation in Q109 which also negatively impacted revenues.'

[steeplejack] 21/5/2009 16:30

True and i have added.Just a monkey chartist view that might get a bit of attention,that's all.

[bluebelle] 21/5/2009 15:10

steeplejack - 21 May'09 - 12:24 - 872 of 873
but britishbulls don't like it

So what ? You're investing YOUR money not their's !!!

[dasv] 21/5/2009 13:30

I don't care what they say. In this for the fundamentals. Happy to pick up more stocks at a lower price should that happen.

I have just uploaded a useful broker note on the satellite sector:-

[steeplejack] 21/5/2009 12:24

Agree that the chart looks set for support but britishbulls don't like it

[dasv] 19/5/2009 10:03

Hello all. I bought in yesterday. Chart looking good for more upside. Nice defensive sector. Barriers to entry for competitors.

[steeplejack] 14/5/2009 11:00

The volatility of today's markets are exasperating.It makes me think that to give your money to institutions to manage might save you time but is far from guaranteeing success.It is near impossible for a unit trust,pension fund etc to react swiftly and aggressively enough to capitalise on these wild gyrations.An aggressive move on the part of a pension fund would be to go perhaps somewhere between 75% to 125% weighted in a stock.Thus really they do little more than parody a tracker.Hedge funds are more proactive i guess but the drawbacks there are well documented alongside the benefits.

[letsgetbizzay] 14/5/2009 08:54

Should see this recover to 525 shortly.

[steeplejack] 14/5/2009 08:26

Fall in sympathy with the NASDAQ?Chance to add.Come mid summer,Harbinger rumours should start to reemerge.

[56richard] 13/5/2009 08:11

ex div today