Inmarsat Share Discussion Threads

[edwardt] 12/8/2011 12:16

with the divi at 10% and a coherent long term plan from management + a buy back programme, i would not be short...

[only who?] 12/8/2011 11:16

More like back to £3 in five days.

[edwardt] 12/8/2011 10:01

back to £5 in 3 months?

[domdinizdepeniz] 12/8/2011 08:27

Here we go. ;;-)

[spamsasha] 11/8/2011 17:34

Folks, these guys are not holding back on the repurchasing. It's at a rate of a million a day. Even if the business never grows and inch more, that along with a return of market confidence - which will see the shares back up to their expensive rating, will produce gains. A very simple buy for the medium term minded. Divi doesn't hurt either.

[domdinizdepeniz] 10/8/2011 22:24

Pie getting smaller chaps, and ours is getting bigger. Added further at £4 today.

[eipgam] 10/8/2011 17:59

and again yesterday and today

Inmarsat PLC (ISAT.LN) Wednesday announced that it has purchased for cancellation from J.P. Morgan Securities Ltd. 1 million of its ordinary shares

[domdinizdepeniz] 08/8/2011 18:23

pie's getting smaller: ;;-)




08/08 18:03 - Inmarsat Buys 940,000 Shares To Cancel
LONDON (Dow Jones)--Inmarsat PLC (ISAT.LN), the satellite network and offers mobile satellite communications services firm, Monday announced that it has purchased for cancellation from J.P. Morgan Securities Ltd. 940,000 ordinary shares.

MAIN FACTS:

-Average price per share: 397.5023 pence.

-Shares closed Monday at GBP3.95 valuing the company at GBP1.82 billion.


-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; [e-mail]


(END) Dow Jones Newswires

August 08, 2011 13:03 ET (17:03 GMT)

[domdinizdepeniz] 05/8/2011 19:12

looks like the buy backs have started, coupled with the directors considerable buys, I am feeling quite a glow from here on in. (even if parts of my hat are still being regurgitated)

good weekend ISHATers





TIDMISAT

RNS Number : 8871L

Inmarsat PLC

05 August 2011

Inmarsat PLC - Transaction in own shares.

Inmarsat PLC announces that it has purchased for cancellation from J.P. Morgan Securities Ltd. the following number of its ordinary shares.

Date of purchase: 5 August 2011

Number of ordinary shares purchased:100,000

Average price per share: 399.8112p

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

POSGMGGRVKMGMZM

[muffinhead] 05/8/2011 15:20

Directors get out the cheque books

[muffinhead] 05/8/2011 11:56

poised to pounce?

higher low.... higher high

[domdinizdepeniz] 05/8/2011 08:44

In the blue chaps. ;;-)

[losos] 04/8/2011 20:56

Enami - Thanks for that link - It seems likely ISAT will drop out of the FTSE and that will hit the share price but as others have rightly pointed out the yield is heading to 7% which to me means either a basket case or undervalued.

[muffinhead] 04/8/2011 17:48

seems to beat recent forecasts

[muffinhead] 04/8/2011 17:40

This looks too cheap??

If full year pre tax profit $510 million (twice just announced half year profit)
... ? £310 million at £/$ exchange rate of 1.64

$250 million share cancellation will buy 34 million shares at 450p at £/$ exchange rate of 1.64
That would leave 428 million shares

Tax rate ? 30%...post tax profit £217million

? full year EPS 51p per share (£217m/428)

Anyone think this is way out?

[timtom2] 04/8/2011 14:31

Thanks Enami.

That does it for me - not worth the buy yet as some trackers can't sell until the constituent is demoted so will do so when the decision is final so more selling may hit the share.

Others may have already left.

Looks like it may bounce then languish for a while and x-divi date too.

[enami] 04/8/2011 14:09

TimTom2 - probably anything below 520p and it's out of the FTSE100. At the current share price its around position 135 I reckon.

UKStockChallenge have a good site to keep track, updated on Fridays.

[timtom2] 04/8/2011 13:59

Good pint Salpara.

At what share price is it likely to be relegated as there will be some hysteresis around that point?

[edrifter] 04/8/2011 13:54

Raised the divi! up over 7% now. How long can that last?

[tsmith2] 04/8/2011 12:48

420plus close?

[redips2] 04/8/2011 11:01

Good job it's not a topper!

[domdinizdepeniz] 04/8/2011 09:55

04/08 09:48 - UPDATE: Inmarsat Slumps As Mobile Satellite Growth Slows

--Satellite operator cuts revenue guidance for mobile satellite business

--Move to next-generation broadband terminals continues to hit growth

--U.S. spectrum deal boosts revenue and profit

--Shares fall sharply as investors focus on lower guidance


(Adds details throughout, CEO comments in 3rd-4th paragraphs)


By Tommy Stubbington

Of DOW JONES NEWSWIRES


LONDON (Dow Jones)--Shares in Inmarsat PLC (ISAT.LN) slumped Thursday after the U.K. satellite operator cut growth expectations in its key maritime business, despite posting a robust 68% rise in first-half pretax profit.

Inmarsat, which provides satellite telephone and email services to the broadcasting, shipping and airline industries, said faster-than-expected adoption of new broadband terminals for ships--which have lower data prices than older ones--continues to hold back revenue.

The company cut its 2%-4% full-year growth target for its mobile satellite services unit, saying it now expects revenue to be flat for the full year after it fell slightly in the first half. Chairman and Chief Executive Andrew Sukawaty said the company is also reviewing its longer-term 5%-7% annual growth target for the MSS business.

Sukawaty told reporters he expects the unit to return to growth at some point during 2012, as rapid increases in data usage compensate for the lower prices.

Income from a cooperation deal with U.S. broadband network LightSquared more than offset the mobile satellite issues, boosting overall revenue for the half by 20% to $682.9 billion. The U.S. firm, which is building a nationwide mobile broadband network, is paying Inmarsat to share spectrum.

Still, the rise in revenue and profit did little to placate investors, who sent the stock plummeting. At 0810 GMT shares traded down 17% at 405 pence, making Inmarsat by far the biggest faller in the FTSE 100 index.

The company, which last month named Rupert Pearce, the head of its enterprise division, to succeed Sukawaty as chief executive from 2012, also said it plans to buy back $250 million of shares over the next 12 months.

For the six months ended June 30, pretax profit was $254.8 million, up from $151.8 million the previous year, and the company raised its interim dividend 10% to 15.4 cents a share.


-By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; [e-mail]


(END) Dow Jones Newswires

August 04, 2011 04:48 ET (08:48 GMT)








Fickle market ! when you think about it, it is to the company and holders advantage if the planned buyback of stock is at as low a price possible thus taking more shares out of circulation. Unlike the likes of HOIL whos buybacks are held in treasury for selling at a later date, our planned buy back is for cancellation, which I'd assume was prefferable.

Clutching at straws? dunno but still choking on my flat cap. lol!

[salpara111] 04/8/2011 09:00

Just be careful buying right now, ISAT will automatically be relegated from the FTSE 100 at the next cut and as such there will be sustained institutional selling over the next month.

[redips2] 04/8/2011 08:58

Not in Rome, but I think I'll get my violin out.