Share Name Share Symbol Market Type Share ISIN Share Description
Inmarsat Plc LSE:ISAT London Ordinary Share GB00B09LSH68 ORD EUR0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +16.90p +3.92% 448.40p 447.50p 447.80p 451.60p 432.10p 437.10p 1,874,229 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 1,076.2 242.3 43.7 11.6 2,052.14

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Date Time Title Posts
16/2/201818:51Inmarsat...a new issue that is profitable, with a decent yield.3,037

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Inmarsat Daily Update: Inmarsat Plc is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker ISAT. The last closing price for Inmarsat was 431.50p.
Inmarsat Plc has a 4 week average price of 418.70p and a 12 week average price of 418.70p.
The 1 year high share price is 865p while the 1 year low share price is currently 418.70p.
There are currently 457,659,212 shares in issue and the average daily traded volume is 2,337,008 shares. The market capitalisation of Inmarsat Plc is £2,052,143,906.61.
dexdringle: Why do people assume there is a direct correlation between dividend and share price here ? Maybe in a mature, predictable (boring ?) business which exists to pay dividends (eg Marks & Spencer, National Grid, GSK) and where people buy them for the dividend yield. But Inmarsat ? What is the dividend yield on Tesla ? Or Netflix ? Just Eat has a market cap over £5bn and no yield whatsoever.
chancer: And don't forget the automatic stop / losses triggering thus sending share price lower and lower. Another self fulfilling momentum. When all the big boys were shorting Carillion, no one ever thought of a collapse on the horizon. The falling knife effect and the fools gold scenario when the price spikes up only to deflate further thus taking more casualties.
al101uk: "Why is the stock making new lows on declining short interest then?" Declining short interest is a positive because it means there are more buyers in the market. As a holder that's what I want: more buyers, less sellers. Your convoluting the argument over short interest with where the share price is going, which are not necessarily the same thing. Across the market there are probably more sellers than buyers, but that doesn't mean the reversal of short interest is a negative. In fact the short covering is positive because without it the share price would likely decline faster.
wskill: zcaprd7 anywhere else in Europe would be cheaper ,looking at todays trades it only took the algos with tiny trades £400k of sales to drop the share price by 4% .Management may want to put some of the dividend cash to work on a share buyback but I don't suppose in this market it would of any help.
stun12: chancer, I don't really see the link between share price and dividend that you're making - either the divi is sustained and the lower share price just increases the yield or the divi is cut in which case the yield remains roughly the same in line with the lower share price. Since the divi is a conscious company policy based on earnings and profitability, the share price is unconnected. ISTR that the divi exceeds free cash flow, but that ISAT has defended this policy given expected future earnings.
penycae: "8% dividend surely is not sustainable at these prices. 50% in share price drop must mean 50% drop in dividend." That doesn't sound quite right to me, but wtfdik?
fenners66: I looked at ISAT for dividend last year before the share price fall. I decided since the dividend was not covered there were better alternatives. That is a point that many miss - not whether or not the numbers stack up over the medium term - but whether other companies have numbers that stack up better. Not covering a divi with profits is one thing; not even having the cash flow to cover it is another. You may say that borrowing for 2 more years is ok as they will then be in profit ..... and canal owners and operators probably said exactly the same thing - what can possibly go wrong ? Well the market looks forward so lets say they load up the balance sheet with more debt and during that time some disruptive tech is developed , and sure it takes a few more years for it to take hold, but by then the market already anticipates the competition and the share price starts to fall? Is there no spare capacity with existing satellites? What if someone else goes bust and is bought cheap? To exclude the possibility that for the medium term there will be any competition is irrational - because if the market is that good - someone else will want a piece of it.
steeplejack: Share buy backs have historically proved ineffectual at shoring up a weakening share price for any length of time.On paper,share buy backs are returning capital to shareholders but that's all rather theoretical,it can all get lost in a day's price movement.This company needs to decide whether it's overpaying on the dividend.It's clearly absurd that ISAT is yielding some double the RPI and the market is suggesting it won't last.It's suggesting that the company could slash the dividend and that such a possibility is well discounted.I would like ISAT to cut the final dividend by a third in March at the very least.It would show that you don't have to pander to income hungry investors.Grow the business with your cash flow..Check out Indivior over the last year (who did away with dividend payments sometime ago)or look at HCM who don't pay a dividend at all.Hasn't really hurt their cause has it.This bond proxy investment approach might be diminished by a continued rise in US interest rates.
wskill: DB dumping their holding when ISAT share price was at its lowest ebb have not been helpful with a fair wind we can now move back upwards.
steeplejack: Of course the share price has no influence on the dividend.Yet the share price and the inferred rating is a function of the outlook for the company,cash flow projections etc.The market is suggesting (as reflected by the share price) that the dividend could be cut,it's NOT saying it should be cut,it's suggesting that circumstances might will determine that it could happen.Anyway,I'm off to look at other stocks in my portfolio.Its not that I hold many of these anyway,it just fascinates when a stock falls off a cliff .Failure is often a more salutary lesson than success in the field of investment.
Inmarsat share price data is direct from the London Stock Exchange
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