Member Info for Dinoken

Shares are definitely not worthless, corner may well have turned. Even without possible bid (interesting to see what happens at STOB AGM tomorrow), this year should finally see a return to profit of £1m+, earnings of 3p per share giving P/E of about 10. DCF has gone up from 57 to 66 in last month.

Two points : 1) Friday deadline for bid 2) 60% chance of 650 Personally, I had 800 pencilled in.
Read on :
RBC Capital Markets reiterated its 'outperform' rating on US satellite company Echostar following news that the firm was likely to make an initial offer of around 650p a share for London-listed rival Inmarsat.

RBC said there is a "very high" probability that Echostar - which has until Friday to make a formal bid for Inmarsat or face a six-month ban - will make an offer.

RBC argued that Echostar would gain nothing by delaying the process six months and would risk either a White Knight or other bidder, and/or losing the battle for Ligado by the time it gains control of Inmarsat.

"Failure to make a formal bid would result in a six month delay. While the share price would be very likely to fall immediately, it may well recover substantially in the following six months especially if Inmarsat can pull off the Chinese deal, or Ligado were to gain approval," RBC said.

It added that if that were the case, Echostar's chairman and co-founder Charlie Ergen may lose the opportunity to purchase Inmarsat.

"In any case, he would have wasted six months and would then be starting at the same point he is now. A rival bidder could use the six months to manoeuvre itself into pole position, or act as White Knight to Inmarsat. Furthermore a six month delay (plus the time to bid again), may mean the battle for Ligado has already played out by the time Echostar gains control."

The bank sees a 60% probability of an initial offer of 650p a share, 20% chance of a "low-ball" offer of less than 600p and 20% probability of a "knockout" offer. Ultimately, however, it reckons that Echostar will need to offer up around 750p to gain any board or shareholder approval for a deal.

"Given the political backdrop (sensitive satellite infrastructure) we believe Echostar is likely to need a recommended offer as a hostile bid could allow the company to seek political protection," it said.

Inmarsat shares rocketed last month after the company confirmed it had received and rejected a "highly preliminary" takeover proposal from Echostar on the basis that it "very significantly" undervalued the group. Since then, it has emerged that Echostar has taken a 3% stake in Inmarsat and a 10.4% stake in its convertible bonds.

Anyone know when Finals due ? 4/7 last year.

Eutelsat are considering a bid and there is an RNS not currently shown on ISE that states that under AIM rules, they have until 5.00 p.m. on 23 July 2018 to make a decision. Looking good for 800.

djf - IMO the only way is up as shorters close.

RNS today - bid proposal from EchoStar rejected by ISAT board. Will be interesting time up until 5.00 p.m. (London time) on 6 July 2018 which is the 28 day deadline for a full bid. Anyone any views on possible take-out price ? IMO �8 is about right.

Noticed piece in Mail about fact that over last few days, wind has contributed only a tiny percentage of UK energy (1-2% compared to typical 10%+) due to calm conditions caused by weather systems likely to remain in place for next couple of weeks. Went on to say that energy storage is not quite in place to capitalise on wind. Roll on G3, market is there OK ...

Stalker is European - waiting for pound to tank against euro. Despite Brexit, this has simply not happened. STOB bid is dead.

F20 - just picked up on your comment about possible link to Shephard Neame. Quite frankly, although I like Marstons Beers, especially Pedigree which tastes great all over the world, I particularly love Spitfire and Spitfire Gold which are both made in Faversham, and hope that Marstons never try to make these beers anywhere else other than where they are currently brewed. Reason for this is that these are the champagne of beers. The water used to make them does not come from the river flowing through Faversham (beside the brewery) but from an underground aquifer (supplies well inside brewery) which has been traced back to the Champagne region of France. You could not make it up ...

BF - u have done brilliantly - wish I had managed to follow but sp stayed above 4 all day. Another positive is today's sell tip from Fool - bound to be a positive catalyst ! and I really mean that ...

BF - excellent timing on your part, wish I had done same but think its not too late by large margin - will try Monday sub 400. Just picked up on the reason for fridays rise which was due to news that International Maritime committee has approved ISAT distress/broadband offering. Good news. IMO this has much further to go.

BF - well done in buying back in. Anyone any idea why we have lift off (4% rise) today ?

Trying to make sense of trading yesterday, anyone any idea about what was happening market wise throughout the day ? For much of the day, it was not possible to sell more than 1000 shares a time (less than �100), at a very low price (6.05 at one stage). In fact, it looked like it was too late to sell or buying opportunity of lifetime. Towards the end of the day, large buys came through and it was possible to sell larger quantities leaving sp much higher than the massive drop that looked inevitable at one stage. Was this phenomena brought about by outrage at the Options declaration and/or large order to be announced or something else ?

Whitbread have swapped beer for coffee, GNK do not have the cash. Anyone else ?

Next spike will coinicide with Prudential Regulatory Authority stating that RBS can declare dividends. Decision expected sometime in the summer. Until then, just ticking over.

Who do you think would be favourite to takeover MARS ?

Anyone know whether the new Flybe IT platform has links to SB-S ? Or is it just marketing/accounting/backoffice ? - - - - ISAT has entered commercial service with SwiftBroadband-Safety (SB-S), which is a next-generation satellite IP platform designed to meet the needs of aviation data communications in the digital age and offers airlines game-changing visibility into their airline operations. It is the first and only global, secure, broadband platform for operations and safety communications. It transforms the role of satcom from a safety utility to a key source of strategic value. Access to secure, real-time data provides visibility into global operations to improve airline efficiency and profitability.

Bolgas - pls explain the John Ward fiasco. Sounds grim. Many thx

After waiting a year for the accreditive acquisitions promised a year ago, sold this morning, so knowing my luck, acquisition this afternoon. GLA

jreid - many thx - I am also not a subscriber but accessed it via complimentary article per month and pasted below Looks like time to buy. Royal Bank of Scotland is considering restarting dividends on a scale that would make it one of Britain�s most generous payers to shareholders and would be likely to accelerate the government�s sale of its holding. Ten years after RBS was banned from paying dividends as part of its �45.5 billion bailout, the state-controlled bank is set to return to payouts with a policy that could be as ambitious as that of Lloyds, its rival. Lloyds, also banned from paying dividends during the financial crisis, restarted distributions in 2014 and has pledged to return at least half of its earnings to shareholders. One senior source close to RBS said that the bank was now �quite similar� to Lloyds and talk that it could match its rival�s dividend distributions was �reasonable speculation�. RBS must win approval from the Prudential Regulation Authority for dividend payouts, with some in the City hoping that it will be able to make a pledge alongside its half-year results in the summer for a payout at the end of the year. RBS has been in state hands since 2008, when, after years of aggressive, debt-fuelled expansion, it came perilously close to collapse amid its exposure to the sub-prime lending binge. Joseph Dickerson, at Jefferies, believes that RBS will be able to pay a final dividend for 2018 of 6p, rising to 16p by 2020, a 5 per cent yield and a similar level of payout to that of Lloyds. If RBS can give clarity on the issue, it would be likely to lead to a sharp rise in interest among investors that can hold only stocks that pay an income and so cannot own RBS shares at present. Increased interest among buyers also would be likely to hasten the government�s sale of its 71 per cent holding. In November�s budget, the Treasury pencilled in �3 billion a year in proceeds from RBS share sales over the next five years, indicating a new attempt to offload the state holding. The nation�s stake in RBS is valued at about �22 billion. A path was cleared for RBS to restart dividends by its long-awaited $4.9 billion settlement this month with the US Department of Justice over the sale of toxic mortgage-backed bonds.