Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Let's hope they will recover as I've lost a load on this share but they still seem a good organisation
I didn't think the results were bad at all. Nothing that would drive the SP up to the next level either mind. However, as margins return to normal over the next couple of years surely it'll recover to old highs.
Like it.
LONDON, Nov 8 (Reuters) - Inmarsat’s chief executive said on Thursday he would stem a stream of defections by its maritime customers to rival satellite providers with the launch of its own low-price service geared towards crew members using social media.
Shares in the satellite provider fell as much as 10 percent on Thursday after it reported declining maritime revenue in a set of third-quarter numbers that otherwise met expectations.
“The performance in Q3 has been driven predominantly by aviation where we have outperformed materially, and in government, which has had a very strong performance as well,” chief executive Rupert Pearce said in an interview.
“(It was) slightly disappointing for maritime, but I think over the medium term we are in a very strong position.”
He said Inmarsat was winning substantial market share in the key high bandwidth VSAT market segment, with its Fleet Xpress product securing around 60 percent of new installations.
But it was losing a larger-than-expected number of customers to low-end VSAT competitors.
“These are losses we can stem pretty quickly by bringing in our own retaliation if you like,” he said. “We have the tools to go after that market aggressively and close the losses down.”
He said Inmarsat would launch a new product around the turn of the year targeted at crew members who typically wanted connections for social media use to address the losses.
I hope you're onto something gammybaby but the evidence is very tenuous so far.
in fact volume sold now 10-1 ......and yet price is up - and same yesterday - Unless MMs are playing games and trying to offload - funny though 3 days ago they walked it down to 480p....now its up on loads of small trades - which are mainly sells....something afoot!????
tHIS IS VERY STRANGE - YESTERDAY AND TODAY SHARE PRICE IS MOVING(sorry for caps) and showing as low trades - then all of a sudden its 700,000. This SP did the same thing before the previous bid was announced - loads of smallish trades - and the share price moves up - yesterday and today - far higher than the average 3m. showing more sells than buys and yet the price is up. I just wonder if this is doing the same thing prior to the June bid - lots of trading with small volumes...HMMMM may only be a theory - but I think something is afoot - well wait and see eh?? GLA
Situation not looking good for Ligado...
https://insidegnss.com/ligado-fight-comes-down-to-choice-of-interference-standard/
Interested to see on Friday that FCC Chairman Pai extremely bullish on freeing up as much spectrum for commercial use as possible at the White House 5G meeting...as has been mentioned in previous months a positive outcome for Ligado's spectrum licence has been suggested to be worth up to 300p to the ISAT share price long term...
Wondering if others are seeing this as a bullish signal on Ligado or if it's still being priced to 0? Separately, Pai also 'liked' a tweet from Ligado on Friday which seems quite unusual for someone in that position to do...possible hint to the status of the licence proceedings I wonder...
Guess not :)
...anyone?
BigZee,i feel the hedge funds would have increased by now if they felt there was money to be made on a fall but they are doing the opposite.
Down from 6.86% 12th june to 2.24% now.
IMHO
Have we found a bit of support at 5.00, seems to dip under slightly last few days then finish above 5, hopefully will hold and turn around soon, this is proving to be a stubborn black mark on my portfolio, below 5 and down she goes again I think.... just hope not the lows of April to May!
Any thoughts on this one as everything seems to be very quiet from the BOD, reckon they all still on holidays!!
RBS rationale for downgrade from sharecast, analyst views. Did not previously realise that the Chinese deal was dead.
Sharecast News) - With the stock underpinned by Echostar and given current headwinds, RBC Capital Markets downgraded Inmarsat to 'sector perform' from 'outperform' on Tuesday, slashing the price target to 650p from 725p.
Inmarsat received an approach from Echostar in June of 532p per share, half in cash and half in stock, which it rejected on the grounds that it "significantly undervalued" the group.
RBC said Echostar's recent approach highlighted Inmarsat's strategic value. "While the long-term value and deal rationale hasn't gone away, the near term catalysts of both China and Ligado appear less likely than they were a few months ago, and Echostar's multiple constrains its ability to bid higher."
It said that while Echostar is probably still interested, it is constrained not just by the six-month standstill but also by its ability to issue equity given its weak multiple. "In our view, Echostar's presence is likely to limit significant downside for Inmarsat's share price," it said.
RBC noted that ISAT's fourth GX satellite appeared to be on the verge of signing a wholesale agreement with the Chinese but this deal now appears dead as the satellite, I5-F4, has moved. In addition, Ligado Networks - a US satellite company with which Inmarsat collaborates - could run into GPS issues again.
Price down due to broker rating : RBC CUTS INMARSAT TO 'SECTOR PERFORM' ('OUTPERFORM') - TARGET 650 (725) PENCE
Do we know why the price is tanking. I know we are having Ex dividends on 11-Sep.
Any thoughts would be welcome.
And this in the face of Viasat's objection. First news on EAN for ages, pleased to find something positive.
IMO - Ergen is just trying to save face after his ridiculous offer was rejected and made public. The USA laws about talks are virtually the same as the UK ones so I do not put any faith in his statement whining about UK disclosure :
British takeover laws forced the divulgence of EchoStar’s talks with Inmarsat, a regulatory snag that might have soured negotiations with Inmarsat prematurely, Ergen said.
“Normally we have those kinds of conversations in private,” he said. “If companies can find a way to put some assets together and work together, we typically like to do that in private. Many times companies have honest disagreements as to valuations, and so things don’t happen, but at least it’s not in the public eye. I think that was probably detrimental.”
Dropped to where it was on 26th July - the facts are unchanged from then, the excitement since then was pre-results fluff.
...so why the drop??
Solid results, especially growth in Aviation sector.
In the coming years this will be really interesting to see.
Solid. No surprises. Excellent comments about growth potential and new markets. No idea what it will do to the SP today but I guess not much either way.
Leaky announcements yet again? ...
Of direction anyone know why ?
Thanks externl.
I know this is a great stock, being tanked down by the market.