Inmarsat Share Discussion Threads

[losos] 16/1/2012 11:03

Enami - Thanks, most useful link. So not looking too good right now, but a decent yield from existing operations, these will not grow this year ('cos the world economy is not growing) but long term there should be growth, the Light Squared project would have brought quicker growth, if it doesn't happen maybe there will be cap-ex savings?

[pugugly] 16/1/2012 10:58

Enami: Thanks for that - Surprised not fallen further -

[enami] 16/1/2012 10:18

"LightSquared suffers biggest blow yet.
US federal agency concludes the operator could not build any kind of LTE network in its satellite spectrum without affecting GPS."

[wad collector] 16/1/2012 09:56

No RNS?
Presumably because it is opinion not fact yet.
I just added at 372; good money after bad?

[salpara111] 16/1/2012 09:19

Well, according to the weekend press the Lightsquared project is not going to get regulatory approval which means that ISAT will loose the only growing part of their business.

Clearly there is a decent business which generates good income but it is highly dependent on macroeconomic conditions which are running against it at present.

[eipgam] 13/1/2012 09:39

Spanish toll-road company Abertis Infraestructuras SA (ABE.MC) said Friday it completed the sale of a 16% stake, or nearly 35.22 million shares, in France's Eutelsat Communications (ETL.FR), raising EUR981 million.

The shares were placed at EUR27.85 each, a 6.4% discount to Eutelsat's closing price Thursday of EUR29.75, Abertis said in a regulatory filing.

Abertis said it will book a net capital gain of EUR396 million on the sale.

Credit Suisse Securities, Morgan Stanley & Co. and Societe Generale Corporate & Investment Banking placed the shares with institutional investors on behalf of Abertis in an accelerated bookbuilding process.

Abertis added it won't sell its remaining 15.35% stake in Eutelsat for at least six months.

[wad collector] 23/12/2011 21:15

Another Soyuz rocket launch fails.Fortunately for Inmarsat , it was carrying a military satellite.
A reminder of the risks.

At least we are seeing a good yield again at this share price

[losos] 22/12/2011 16:57

PUGUGLY - "that the project becomes not financially viable" agree our 'merican cousins seem to delight in courtroom dramas lol from a private investor point of view I can only say that I believe (hope) that ISAT have sufficient other revenue streams so that if Lightsquared does go down the tubes it will not drag ISAT down with them.

[pugugly] 21/12/2011 13:52

Losos:> I think I get the picture - From the old days when I used to run a CB radio if someone was using a burner it could/would block adjoining channels if I was close enough to the signal.

I suspect you mabe closer to the truth with "vested interests" and in the States these can drag on for so long that the project becomes not financially viable.

[losos] 19/12/2011 11:44

PUGUGLY - "what these adverse effects are likley to mean" I do NOT claim to be an expert in spectrum matters and it has been along time since I worked in telecoms but the physics don't change.

Basically any transmitting device can interfere with a receiving device if either the nominal frequency, or one of the harmonics of that frequency, are the same as the receiving device and the signal strength is high enough for the receiving device to detect it.

In my day there were a lot less transmitting devices around so the problems were rarely with the 'nominal' frequency and almost always with a harmonic (Second, third, fourth, etc)These are much weaker signals at two, three, four times the nominal frequency.

So there is a lot of technical data required which that Bloomberg article didn't include.

A strong enough signal, on the 'nominal frequency' could well prevent a satnav from working, at least while the vehicle is 'in range' but the next time the satnav receiver 'updates' the vehicle could be half a mile away or more and working normally.

Sounds to me like there are a lot of 'vested interests' in this, and a lot of technical discussion to be undertaken before a resolution is found.

[losos] 12/12/2011 17:27

Enami - "Demoted from FTSE100 effective 19 Dec."

I suppose a lot of funds are having to dump this now. Not being a FTSE100 company has absolutely no bearing on the dividend stream which is what I'm looking at.

[pugugly] 12/12/2011 17:26

Falcone's LightSquared Said to Disrupt 75% of GPS in U.S. Tests



Market does not like the results of these tests -

but only down some 5% - I suspect could have further to fall tomorrow as news is digested

Can any spectrum expert comment on what these adverse effects are likley to mean to the LightSquared deal ?

[rcturner2] 08/12/2011 07:40

Evraz Group (Russian: Евр;аз Гру;п С. А.) is one of the world's biggest vertically integrated steel production and mining businesses, with operations mainly in ...

(wikipedia)

[enami] 07/12/2011 18:31

Demoted from FTSE100 effective 19 Dec.



Inclusions
CRH
Evraz (Who the hell are they?)
Polymetal International

Exclusions
Lonmin
Investec
Inmarsat

[masurenguy] 05/12/2011 09:13

No it's just spam that has been plastered over numerous threads !

[betman] 05/12/2011 09:02

investrology - is that lot about ISAT ?

[salpara111] 25/11/2011 10:20

Hmm,

Now back to 5 year lows again.

Yield looks well supported at 6% at this level.

I guess the growth curve is now easing off but that means that it can be a decent yield play rather than capital gain.

I am setting a limit order for 375 for a week and will see if it gets filled.

[losos] 22/11/2011 12:16

artibee - Thanks for the posts 1393 & 1395 which has helped me to see where Lightsquared are with the FCC - In a previous life I was involved with radio transmission and frequency interference although things have moved on a lot, let us hope that technically some sort of a solution is possible to this dispute, I do recall once a competitor of ours registered a claim for interference to the Home Office Dept who (at the time) were the licensing authority, it was kicked out as we were able to prove that the interference was NOT comming from our equipment, maybe history will repeat itself :-)

[artibee] 18/11/2011 20:44

I see what you mean! All linked in a way I suppose.

[muffinhead] 18/11/2011 20:10

Is clearwire inc similar to lightsquared ?

clearwire to miss debt payment

[artibee] 18/11/2011 16:46

also just seen this from the FT today - so I'm not far off!



"Satellite operator Inmarsat was 4.7 per cent lower at 436¾p as Lightsquared, its key US customer, faced further political pressure. US Senator Pat Roberts called for the Federal Communications Commission to prevent approval of a licence for Lightsquared until the network proves it does not interfere with positioning satellites."

[pirgatto] 18/11/2011 15:00

Can anyone pinpoint at any reason for isat share price performance?? Many thanks ,
P

[artibee] 18/11/2011 14:55

I am not a great expert but as I understand it LightSquared have a battle on their hands in the US to get their business properly up and running - they want to operate a completely new wireless broadband network (not yet trading). I believe there are a number of technical issues with interference with current GPS receivers. This is being challenged by existing providers and it is this that has to go before the FCC. So, as I see it, until LightSquared are trading (not just using borrowings to pay ISAT etc)there are still big risks.
But as I say I am no expert and this is only what I have gleaned from internet research - trying to get to the bottom of the ISAT relenless share price fall.
Hopefully all will come good in the end!

[losos] 18/11/2011 13:08

artibee - "I doubt much will happen now until LightSquared do or don't get FCC approval"

Could you expand please, I thought ISAT and LightSquared were already doing business as some kind of joint venture, can they do that WITHOUT FCC approval. I'm a bit confused (OK it's not unusual for me ha ha)