Inmarsat Share Discussion Threads

[eipgam] 17/11/2009 10:27

Ping... you hit it! By the way, Enami... what's your next target? In posts 937 & 9, it was said (by a.n.other) that Goldman Sachs have a target of 861p. Seems somewhat implausible to me given that it's already highly rated.

PS your rights issues... was it UTG?

[dasv] 17/11/2009 10:24

what are you taking up rights on Enami if you don't mind me asking?

p.s. ISAT has broken past the P&F targets of 656, 658.5 and I guess is heading for the next one up, 722... 807?

[enami] 17/11/2009 10:01

eipgam - need cash to take up offer rights elsewhere, happy to leave the rest.

[eipgam] 17/11/2009 09:53

I was just thinking that, Enami.... but way above your last profit slice? Well done, I find it difficult to profit slice... I'm in or I'm oot if you know what I mean. This price action must be giving Harbinger the willies though...

[enami] 17/11/2009 09:37

Aye just 0.5p short of my target 676 (post 952).
Had a little profit slice here.

[eipgam] 17/11/2009 09:31

and it seems to be continuing....

[dasv] 16/11/2009 10:36

good start to the week chaps ;)

[dasv] 13/11/2009 10:15

i'm still in - let your winners run...

[trexpert] 13/11/2009 10:09

Paying off 10% debt with 7 3/8% has to be good news hasn't i?.

[philo124] 13/11/2009 08:41

Anybody left in??

[eipgam] 12/11/2009 14:36

Another good point...

[dasv] 12/11/2009 14:33

yeah that was pretty much during the the lehman crisis though... luckily times have moved on.

[eipgam] 12/11/2009 14:32

Another surge just now... I think I will consider your point very carefully and pay attention during the last week of November.

[enami] 12/11/2009 14:15

Well it's over the long term trend line now and Fib target 676 is close.
Remember what happened when it entered the FTSE100 (19/9 last year) point 3, went XD the next week and fell from 487-300.

WEEKLY CHART
CLICK THUMBNAIL TO ENLARGE

[eipgam] 12/11/2009 13:01

Wad... I haven't read anything new. A link to Harbingers RNS was posted recently




Harbinger's intention remains, as set out in the announcement dated 25 July
2008, to make an offer to acquire the entire issued and to be issued share
capital of Inmarsat....

[enami] 12/11/2009 12:55

Thanks eipgam, the FRES situation was a bit different, 77% of the shares being owned by one holder and MSCI tracker funds scrabbling to buy at the last minute.

Still I expect that same buying surge on 30 Nov so probably a good time to profit slice.

[wad collector] 12/11/2009 12:52

From The Times July 08

Harbinger already owns 28 per cent of Inmarsat. The hedge fund initiated talks on a bid - thought to be worth at least £2.4 billion - on July 7, but withdrew on Monday, saying it would have to wait for regulatory approval, which could take up to 18 months, before making an offer.

Have they regulatory approval now?


Another broker tip :


On the horizon
Stepping away from mining, one of the stocks we like that has a potential buyer waiting in the wings is Inmarsat, in the telecommunications sector. Harbinger is a major private equity shareholder in Inmarsat, and is looking to consolidate the satellite telephony industry.

Harbinger has previously made an approach for full control of Inmarsat that was unsuccessful, and is now waiting to complete another deal before again looking at future consolidation opportunities in the industry.

In the meantime, Inmarsat continues to deliver decent organic growth in its four main segments: aero, marine, land and leasing. We feel that this justifies its current high valuation multiples, with the potential for earnings to surprise on the upside. The group has solid financials compared with its peers and has good free cash flow generation, helped by the completion of its current capex cycle.

Henk Potts is equity strategist at Barclays Wealth

[soundbuy] 12/11/2009 12:52

FT Alphaville this am.

NH: we should just provide an update on the MSCI changes

BE: But the biggest impact's been on Inmarsat
BE: - appropriately enough.
NH: yes
NH: up 30.5p at 640
NH: a rise of 5%
NH: here's some expected flows
NH: on the back of the news

Europe - Top 10 Buys Expected Days to Trade
1 ISAT LN INMARSAT 17.2
2 VPK NA VOPAK (KON.) 10.4
3 IEA AV IMMOEAST 8.2
4 TCG LN THOMAS COOK GROUP 3.7
5 TRYG DC TRYGVESTA 1.4
6 UL FP UNIBAIL-RODAMCO 1.1
7 MAERSKB DC AP MOLLER MAERSK B 1.0
8 BAYN GY BAYER 0.9
9 GLE FP SOCIETE GENERALE 0.5
10 SWEDA SS SWEDBANK 0.5

NH: now
NH: ISAT
NH: going in
NH: it not ideal
NH: because the stock is pretty illiquid
NH: two hedgies own 40%
BE: Harbinger and Landsdowne
NH: and then there is a lot of long only money
NH: Blackrock have 10%
NH: could get a bit squeezy
BE: 2.2m traded through the LSE so far today.
NH: it that quite high?
BE: Average is 1.4m

[eipgam] 12/11/2009 12:41

Inmarsat Named Large-Cap Business Of The Year At The National Business Awards
(M2 PressWIRE Via Acquire Media NewsEdge) London -- Inmarsat (LSE:ISAT), the world's leading provider of global mobile satellite communications services, has been named The Coutts & Co Large-Cap Business of the Year at the National Business Awards 2009 in London.....

[eipgam] 12/11/2009 12:38

Special situations dominated a more subdued session with Inmarsat outstanding at 640p, up 30p, amid renewed Harbinger takeover speculation.

[eipgam] 12/11/2009 12:32

Enami.... I looked at the chart for Fres... interesting money making opportunity here if ISAT was to broadly follow the same chart action.

[dasv] 12/11/2009 10:45

perfect storm - msci reweighting, broker upgrade, potential takeover, defensive sector.

[eipgam] 12/11/2009 10:24

Thanks Enami... you have also given me more knowledge than I had when i woke up!

[enami] 12/11/2009 10:12

Thanks for that Richard, the MSCI thing is quite significant.

Suspect that the share price will peak at 30 Nov which is the implementation date for the MSCI changes.

"that will be made as of the close of November 30, 2009. These changes result from the November 2009 Semi-Annual Index Review and have been posted on MSCI's web site at"



Same thing happened to FRES which fell a long way after the implementation 29 May.