Inmarsat Share Discussion Threads

[cool runnings] 16/9/2011 10:16

Bid speculation will not die down, it seems something is brewing

[shoobmeister] 16/9/2011 10:15

Thanks Enami, just realised it and corrected myself! :D

[shoobmeister] 16/9/2011 10:14

Ignore me, I'm an idiot! :D

But it is spiking

[enami] 16/9/2011 10:12

It's a scheduled Options Expiry Auction.
Third Friday each month 10:10 – 10:15

FTSE 100 securities have an expiry auction at 10:10 on the third Friday of the month and FTSE 250 securities an expiry auction on the third Friday of March, June, September and December.

[shoobmeister] 16/9/2011 10:11

Somethings happening. Spiking and auction

[rcturner2] 16/9/2011 09:57

I bought some earlier in the week. For such a large company with excellent numbers, it has a very low profile.

[eipgam] 15/9/2011 08:57

Thanks sruthan

[sruthan] 14/9/2011 16:44

Inmarsat Plc (ISAT) Chief Executive Officer Andrew Sukawaty said it is "natural" for private- equity firms to consider an investment in the biggest provider of satellite services to the maritime industry.

"There has been no formal approach," Sukawaty said in an interview in Paris today. "Given our good long-term growth prospects and given our current stock value, it's a natural thing for private equity to consider an investment in Inmarsat."

Inmarsat, the most volatile of telecommunications stocks in the Stoxx 600 index in the last month, advanced as much as 2.9 percent in London trading following Sukawaty's comments. The shares have declined 26 percent since Philip Falcone's Harbinger Capital Partners said in October it would sell its holding.

Falcone, who had considered a full takeover of Inmarsat in 2008, then opted to sign a spectrum agreement with Inmarsat to roll out high-speed mobile Internet services in the U.S. The London-based company's spectrum accord with Falcone's Lightsquared Inc. helped first-half profit to climb 28 percent.

The annual payment stream from Lightsquared alongside Inmarsat's investment in new satellites to expand naval communication services mean investors' interest should "come as little surprise," said Royal Bank of Scotland Group Plc analyst Chris Alliott.

[eipgam] 14/9/2011 16:24

I remember those £8 days.... I'm gonna keep a closer eye on my investment here as the 'chatter' is growing, not least the comment from the CE. (PS I don't suppose you have a link to that EdT?)

[wad collector] 14/9/2011 12:24

It wasn't much more than a year ago that these were sitting above £8.
Not sure its fundamentals have changed that much since then.

[antreg] 14/9/2011 11:39

edardt. Good point. This seems to have legs with it so hopefully a bid will emerge.
I suppose charts are a waste of time with this going on.

[edwardt] 14/9/2011 10:01

well above £5 , my post on 12th Aug was a bit too conservative of being above £5 in 3 months. If the chief exec is saying they would be a good fit for private equity, that is as good as a 'for sale' sign as far as i am concerned.

[antreg] 14/9/2011 09:31

Will it break through the £5 barrier.

[wad collector] 13/9/2011 10:11

The Independent
Just seven blue-chip stocks managed to finish ahead, including Inmarsat which powered up 6.9p to 476.6p. Several reasons were being given for the move, including the return of vague rumours that it could be a target for private equity. Others suggested a Citigroup downgrade for its European rival SES Global had left investors searching for an alternative, but those on the trading desk were pointing to recent comments from the US group Verizon Communications.

The mobile operator said it may need to buy further spectrum – something which Inmarsat has plenty of – to cope with the bandwith demand from smartphones.

[wad collector] 13/9/2011 10:04

From the FT
Vague speculation that the satellite network operator may be a takeover target helped its shares creep higher


Vague speculation usually turns out to be just that.Tempting to take a quick profit in the expectation that it sinks again when the rumour evaporates.But I shall sit on my hands as I am not sitting on enough profit to make it worthwhile!

[pigeon1] 13/9/2011 09:15

yes i heard that cool so have a few - what you hearing? Private equity?

[cool runnings] 12/9/2011 17:53

Bid speculation swirling around fwiw

[redips2] 07/9/2011 18:31

Yes good too!

[enami] 07/9/2011 17:58

Pretty good performance over the last month.

Managed to stay in the FTSE100 after today's review.

[antreg] 15/8/2011 15:52

Enami. Thanks

[enami] 15/8/2011 12:59

Antreg $250m announced in the Interim results.

"Share Repurchase Programme

Inmarsat plc is today announcing a programme of on-market purchases of its ordinary shares under the existing authority approved by shareholders at the Company's AGM on 3 May 2011. Subject to a number of pre-set parameters, the Company intends to repurchase its shares up to an equivalent value of $250m over the next twelve months. The programme will be funded from available liquidity and the Company intends to cancel any repurchased shares."

[antreg] 15/8/2011 12:53

Buy back program. Any guesses on how many will be bought back.

[phillis] 12/8/2011 12:41

lower growth = less capex= larger cash flow