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Inmarsat Share Chat (ISAT)



Share Price: 545.40Bid: 544.20Ask: 544.60Change: 3.00 (+0.55%)Riser - Inmarsat
Spread: 0.40Spread as %: 0.07%Open: 541.00High: 545.40Low: 540.20Yesterday’s Close: 542.40


Share Discussion for Inmarsat


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LennyMac
Posts: 746
Opinion:No Opinion
Price:540.60
RE: some clarification required
Today 08:14
Surely everyone on here isn't hanging on for some unexpected appreciation of sterling that would alter the maths of the transaction?
 
LennyMac
Posts: 746
Opinion:No Opinion
Price:551.80
some clarification required
18 Jun '19
Hi all, can someone clarify a point for me please:
At some point in q4, the takeover will complete and my holding will be converted to cash at the rate of approximately $7 USD per share?

Thanks in advance.
Dinoken
Posts: 792
Opinion:No Opinion
Price:548.00
RE: Rival bid?
30 May '19
Yep. Today's Global Express upgrade news should flush out rival bidders. Hope so, anyway.
Taverham
Posts: 1,354
Opinion:No Opinion
Price:544.00
RE: Rival bid?
30 May '19
the announcement today should spur any rivals into action and is that does not happen then the announced takeover looks a certainity imv.
johnpwh
Posts: 1,377
Opinion:No Opinion
Price:544.80
RE: Rival bid?
26 May '19
You sound like me. Everything totally logical but somehow never turns out that way.....
Thanks Dinoken for the reply
Dinoken
Posts: 792
Opinion:No Opinion
Price:544.80
RE: Rival bid?
25 May '19
Agree with you johnpwh. Nevertheless, ISAT is already xd so you will get divi on 30/5 even if you sell on Monday. Note the divi and sale consideration are priced in USD, so you will get more or less GBP depending on the exchange rate at that time. I cannot see GBP rising against USD in short-term - especially with hard Brexit back on horizon - so will hold for currency benefit and possibility of authorities kicking this out and US buyer stepping in. Could well be wrong on all three counts with GBP rising, authorities kicking this out and no US buyer moving in ...
johnpwh
Posts: 1,377
Opinion:No Opinion
Price:545.80
RE: Rival bid?
23 May '19
Thanks Dinoken. Bit of a wait then! May be tempted to shuffle off after receipt of the divi. I still think this is a sad end for a pioneering British Company.
Dinoken
Posts: 792
Opinion:No Opinion
Price:545.60
RE: Rival bid?
23 May '19
According to ISAT prospectus, D Day when shares are no longer traded is sometime in Q4 with long stops on 10/12 and Friday 13/03/2020. Cheques despatched 14 days after D Day. Authorities could block right up until D Day. If this happened, it would open door to either no bid or a US based fund bidder taking over. US fund bidder would most likely be successful.
johnpwh
Posts: 1,377
Opinion:No Opinion
Price:543.40
RE: Rival bid?
22 May '19
blocking not clocking!
johnpwh
Posts: 1,377
Opinion:No Opinion
Price:543.40
RE: Rival bid?
22 May '19
Hi
Re Dinokens post, do we know when 'sometime in the next year' is? Is there still any prospect of the authorities clocking this takeover? Thanks in advance
Dinoken
Posts: 792
Opinion:No Opinion
Price:537.80
RE: Rival bid?
19 May '19
Takeover agreed, no rival bid. Looks like the end. 12c divi 30/5 and 709c payment sometime within next year. Shame, always thought another bidder would come in.
Dinoken
Posts: 792
Opinion:No Opinion
Price:540.20
RE: Rival bid?
3 May '19
Meeting is 10th May. Rival bid needed before then, within the next week. Deutche target (1/5) is 575.
PirateFlag
Posts: 35
Opinion:No Opinion
Price:535.60
Rival bid?
2 May '19
https://www.telegraph.co.uk/business/2019/05/01/charges-send-inmarsat-crashing-quarterly-loss/
Article says investors holding Ligado debt may make a rival bid. Dated 1st May.
jam2morrow
Posts: 90
Opinion:No Opinion
Price:541.20
target price
1 May '19
deutschbank target price of £5.75 . Can't fault them for consistency - they've been saying that for the last year
abd1991
Posts: 155
Opinion:No Opinion
Price:542.00
.
1 May '19
can someone give me a snapshot what the resolution is about
Dinoken
Posts: 792
Opinion:No Opinion
Price:542.60
RE: Possible reason share price rise
29 Apr '19
Thought share price would fall after a story like this. One less potential bidder.
PirateFlag
Posts: 35
Opinion:No Opinion
Price:546.20
RE: Vote
28 Apr '19
Hi John
Ironically this is one of those rare occasions where I stand to make a profit! You are right though there is nothing PI's can do to affect the outcome, at least I have registered my protest vote.
Good luck.
johnpwh
Posts: 1,377
Opinion:No Opinion
Price:546.20
RE: Vote
28 Apr '19
Hi PF
You are totally right to vote with your conscience, I applaud that. I doubt however that PIs have the power to make any difference to the outcome.
I am torn. I don't like the deal, I don't like the loss of this tech company from the UK. However the bid has been in the open now for some considerable time, the only serious alternative bidder we are aware of just dropped out and there appear to be no others - its not as if alternative potential suitors have not heard whats going on!! If this bid gets overturned then the best we can hope for is a small additional sweetener. However if the bid simply fails then the SP will be back in the mid 300s until the earnings improve which could take years. So despite showing a loss at this price I just want out.
PirateFlag
Posts: 35
Opinion:No Opinion
Price:546.20
Vote
28 Apr '19
For what it is worth I have voted against the Scheme, I hope others do likewise.
PensionDeficit
Posts: 69
Opinion:No Opinion
Price:546.20
Possible reason share price rise
26 Apr '19
PirateFlag
Posts: 35
Opinion:No Opinion
Price:546.20
RE: TR1
26 Apr '19
GS now have 8% I see.
johnpwh
Posts: 1,377
Opinion:No Opinion
Price:546.20
RE: D Day - Friday 13th
26 Apr '19
Everyone shareholder here seems as disinterested as I am.
Just doesn't sit right with me. Loss of a British tech company to a assortment of individuals, on terms that are barely better than the robustly resisted attempt at takeover last year. Plus I'm actually making a sodding loss at this price!
Just feels like a stitch up, not that I have anything concrete to base that assertion on. I just want it done and finished now, move on, I am about as interested now as I am with Brexit!
jam2morrow
Posts: 90
Opinion:No Opinion
Price:534.80
RE: D Day - Friday 13th
18 Apr '19
Holdings RNS - JPM increased position a bit; you'd hope they know something more than us
Dinoken
Posts: 792
Opinion:No Opinion
Price:535.00
D Day - Friday 13th
18 Apr '19
You could not make it up …

Perused the Scheme of Arrangement document and found that although the meeting to approve the takeover is May 10th, D Day when shares are no longer traded is sometime in Q4 with long stops on 10/12 and Friday 13/03/2020 ! Cheques despatched 14 days after D Day.

Hope someone comes in with counter offer before 10/5.




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