Inmarsat Share Discussion Threads

[zcaprd7] 05/5/2017 16:59

Bit of a hammering today? Perhaps disgruntled share holders who didn't like the executive pay vote yesterday...

[zcaprd7] 05/5/2017 16:57

None of the satellite technology is particularly ground breaking, so not sure what the analyst was referring to. Quite hard to get broadband in aeroplanes any other way though...

[steeplejack] 05/5/2017 14:19

Analyst speak.Yes I would of thought that Inmarsat is at the fore front of technological advance so it's somewhat ingenuous to identify it as vulnerable to technological progress.The market has savaged this stock like a doberman laying into a rag doll.I can't help but think that the whole exercise is aimed at drumming a bit of business .I guess in view of recent outperformance,the recommendation is timely,"a fair cop"perhaps.

[johnpolonius] 05/5/2017 13:06

Can anyone explain the phrase about "technological obsolescence"? I thought isat was a world leader, am I plain wrong?

[redips2] 05/5/2017 10:21

You should be fine wad.... the gap down will fill in due course .

[wad collector] 05/5/2017 10:18

Can't see anything specific - just bought some back at 768. Hope I was right!

[steeplejack] 05/5/2017 10:14

Oh well,they have had a good run of late.Barclays have drummed up a bit of business.

[jurgenklopp] 05/5/2017 10:10

Although Inmarsat is "well set for recovery", Barclays has downgraded its shares to an 'underweight' rating from 'equalweight' due to concerns over demand in the medium-term.
Following Inmarsat's "solid" first-quarter results the previous day and combined with contract announcements for its GlobalXpress high-speed satellite broadband over the past six months, Barclays sees the company as "well set for a revenue recovery and to meet its 2017-18 guidance".

However, analysts said their mid-term concerns remain: "supply is set to increase materially whilst demand growth should be more volatile; technological obsolescence is a question mark with VHTS [very-high-throughput satellite] around the corner", with the V-2 launch expected in June.

With the stock having recovered from its lows, the valuation now looks "unappealing", analysts said and while they edged the target price up to 750p, this implied around 9% downside and hence the downgrade.

[steeplejack] 05/5/2017 10:04

Something specific here.Problems with satellite launch?

[steeplejack] 05/5/2017 09:01

Perhaps but Goldman,Deutsche and Capital have been championing the stock as a buy for awhile.Presuming that these brokers haven't suddenly altered their view (which would imply that their predictive skills are pitiful)the assumption must be that there is a large seller about.The brokers would have communicated their views yesterday,you don't have to wait for the morning post nowadays.Anyway,whatever the reason,a 6% fall seems excessive.

[bookbroker] 05/5/2017 08:46

Several broker downgrades.

[jurgenklopp] 05/5/2017 08:42

Quite a sharp pull back this morning.

I think it may be a bit overdone.

[steeplejack] 04/5/2017 12:33

"We have announced that we increased our dividend for the 11th consecutive year, delivering dividend increases every year since we listed on the Stock Exchange in 2005. We have determined that this is the right level of dividend having regard to the medium-term outlook for the business and our annual and longer term financial planning supports this."From AGM statement.How do you interpret this comment.Are they saying that they will maintain the dividend and not increase it in the foreseeable future?Could be.

[hiddendepths] 04/5/2017 12:28

I read the results just after seven and was reassured. Rather surprised that the shares have fallen away this morning.

[johnpolonius] 04/5/2017 10:44

I too am holding. Just wondering if fall is a 'tree-shake'? It can be a volatile stock... Re-read results and a number of positives.

[steeplejack] 04/5/2017 10:38

Looks ok.Shares have been pretty strong of late especially when you factor in the recent XD.

[wad collector] 04/5/2017 09:49

Debt has dropped slightly as well as a modest profit gain. Happy to hold , though looks like recent rise is stalling for now.

[johnpolonius] 04/5/2017 08:12

early days but market seems to like results (and who is Mr Finegold?)

[enami] 04/5/2017 08:06

The market seems to like the Q1 results.

Next hurdle two launches coming up soon.

May 15 Falcon 9 Inmarsat 5 F4 (Spare satellite I think)
June 28 Ariane 5 Inmarsat S-band

[jontyone] 03/5/2017 18:14

Pretty sure 1st qtr. results are tomorrow, Thursday 4th May.

[jurgenklopp] 03/5/2017 11:52

Cannot see much scope for any nasty surprises.

Over the last month the likes of Goldman Sachs, Credit Suisse and Deutsche Bank have reiterated their 'Buy' and 'Outperform' stances with target prices ranging from 890p to 960p.

[johnpolonius] 03/5/2017 11:01

got to be one of the quietest boards around, for such a large stock.... do any geniuses out there have any expectation of how these interim results will go on Friday? My instincts tell me that if they bad, we surely would have seen 'some' kind of drop by now on the sp? Thnx in advance :)

[steeplejack] 20/4/2017 08:19

XD 33.37 cents today equivalent to about 26p at current xrate.

[zcaprd7] 19/4/2017 13:41

Bought a few more today...