Inmarsat Share Discussion Threads

[eipgam] 25/10/2009 17:44

Cheers... they've got the first 30% sub £5 probably, maybe they'll pay 15% above the ATH for the rest... 690ish perhaps.

Who knows.... certainly not me. Thanks for your opinion.

[enami] 25/10/2009 17:27

eipgam no sorry I have no idea.

I would hope for at least 15% premium to the 60 day closing average (538)

538 + 15% = 619

[eipgam] 25/10/2009 15:53

Enami...

Do you have any details, opinions or educated guesses on what level the Harbinger bid may be pitched at? I must admit that even though you have mentioned it before, I hadn't realised that it was so far advanced...

I bought the day they sent their rocket (ISAT 4 F2) up a few years ago...

[contrarian2investor] 23/10/2009 15:44

dasv,

Thanks once again
Eutelsat also looks interesting, albeit that I loath to buy stocks after they have bolted. Additional factor is that you can benefit from Euro diversification. I have placed ETL on my watchlist.

c2i

[philo124] 23/10/2009 15:16

bEEN HOLDING SINCE £5

[pirgatto] 23/10/2009 15:10

Enami thanks for post
P

[contrarian2investor] 23/10/2009 14:14

dasv,

Thanks, forgive my oversight.
I will run the slide rule over ETL. Please could you send me details of the hedge fund via email. TIA

c2i

[dasv] 23/10/2009 13:16

Enami - thanks for that - completely passed my radar!

[dasv] 23/10/2009 13:15

c2i - back in feb i wasn't very confident about my investment ability but I did mention satellite sector on tr32 at one point and I have mentioned isat on MACR too i think. On neither occasion did I sense any interest in it from others though leedskier noted its defensive qualities.

I agree on PE - but there are serious barriers to entry in this sector - massive investment required to get satellites built, working and orbiting.

ETL (eutelsat) was also tipped by the German hedge fund manager guy. He now runs a private equity company which acted like a vulture fund picking up beaten up manufacturers for a song, restructuring them (paid for by state) and selling them on

[enami] 23/10/2009 13:13

Th Harbinger bid is still likely to be announced soon, they are just waiting for regulatory approval before they actually make the offer, they own just under 30% now.



"The approval process for the Inmarsat Change of Control Application is ongoing, and Harbinger's expectation remains, as stated in the 25 July 2008 announcement, that approval is likely to take approximately 12-18 months from the date of that announcement.

XMAS present please.

[contrarian2investor] 23/10/2009 13:02

dasv,

No problem. Thanks for your reply.

I will continue to watch, as it as now smashed through my resistance price. It appears ready to take its next step above £6. So £5.65 will become its support. I would have joined you in Feb if you had given me a chance. IMHO it is very highly priced now, almost priced as if due a takeover.

c2i

[dasv] 23/10/2009 12:00

c2i - missed your post.

yes I have held this stock since an ex-hedge fund manager personally tipped the sector in Feb 09.

Unique stock - unique products/services - very high barriers to entry for competition. Just my 2 cents.

[enami] 23/10/2009 10:58

Passed R3. FTSE100 top gainer.

R4 611
R3 592
R2 580
R1 574
PP 562
S1 555

[enami] 23/10/2009 10:31

Well ahead here, passed the highest EOD close (581)

[contrarian2investor] 14/10/2009 13:03

dasv,

Its on my shorts watchlist.
Resistance not too far away around £5.65. Very richly priced in my opinion.
Do you hold or you trading the stock?

c2i

[dasv] 14/10/2009 12:48

Hmm I think the debt figure is out by about almost a billion.

[phillis] 14/10/2009 12:22

Today's DT

Questor says BUY

Most long-haul flights are test of human endurance.

There isn't enough legroom for a normal-sized person; your shoulders are touching the person with questionable hygiene who has been given the seat next to you; and there's a child crying in the seat right behind. It really is not pleasant.

However, it's time to get in the brace position for something much, much worse.

Mobile phone services have already arrived in a plane near you and it's inevitable that these services will be taken up widely in the future, despite the objections of some passengers.

Business travellers will find the service especially useful and welcome as they can continue to use their BlackBerries at 30,000 feet.

The company that makes this possible is satellite group Inmarsat. It has the satellite network in place to drive the technology. Inmarsat is already used on long distance aircraft for safety and reporting, so it is not a great leap to adjust the technology for the use of mobile phones.

The group owns and operates 11 satellites in geo-stationary orbits 35,786km above the Earth. They are all controlled from its London headquarters via ground stations located around the globe.

Inmarsat is not a new company. It was set up in the 1970s so ships at sea could be in constant telephone communication. It has since grown by its own innovation to provide many vital communication services.

Its new Broadband Global Area Network (BGAN) service, for example, enables TV broadcasters to beam breaking news "live via videophone" into millions of homes. The company provides the satellite network for the Global Maritime Distress and Safety System, a worldwide ocean search and rescue service. All cargo ships over 300 gross registered tons and all passenger ships on international voyages are required to comply with this system. Inmarsat can meet all these communications requirements.

The UN and Nato rely on the group's technology when all other communications lines are down because of natural or man-made disasters. Inmarsat's technology was used in the recent tsunami disaster in Samoa and earthquakes in the Philippines.

The company sells its services through a worldwide network of distribution partners and service providers and has about $1.4m (£866,000) of debt, with none of it maturing this year. Its interim results saw a strong performance from its maritime operations, despite the tumultuous time in the shipping industry at present. This was because of new product launches, demonstrating the importance of innovation.

The shares are trading on a high multiple, but this is warranted by the group's prospects. The current year price-earnings ratio is a heady 24.9 times, but this falls to 19.6 then 16.1 over the next two years. Despite the high valuation the yield on the shares is still a respectable 3.8pc. Shares in Inmarsat are a buy.

[enami] 23/9/2009 14:39

Aye the big surge in May started the week before XD.

Still hoping for bid news from Harbinger somtime soon.

[eipgam] 23/9/2009 14:32

Enami.... we must stop meeting like this!

A nice trend here... I'm holding for the most bullish of the broker targets.

[dasv] 23/9/2009 14:31

targets on daily P&F range from 632 - 648 depending on box size.

[enami] 23/9/2009 13:56

The intraday ATH was 614.
Trend line 635+.

[enami] 23/9/2009 13:50

It's almost at their target now.
Just closed the May dividend gap at 571.
Target 610?
XD next week

[eipgam] 15/9/2009 19:40

JPMorgan putting their reputation totally on the line there!!

We've seen the share price north of £6 before and i think we will again

[enami] 15/9/2009 08:12

Broker recommendation full details
Date: 15 September, 2009
Broker: JP Morgan
Company: Inmarsat

Recommendation:
Raises price target to 580p from 560

[enami] 10/9/2009 12:33

Well off the bottom now and through the 50MA.
XD 7.5p 30 September.