price ISAT… XXXX Surprised to see a large payment into ( D ) today further confusion as paid in $ fx rate 1.3022. Nearly a month after the 27th November date i post above … have to check ( J ) some trapped in ( S )
price ISAT… XXXX letter from ( J ) Seems getting $ 7.09… paid 27th November .
price ISAT… XXXXX ( Wi )… C. A … some sort of Offer has been made .
Post-Echostar sp Well it’s hardly gone according to (my) plan but finally entering a potential re-acquire price zone. image.png1048x569 68.5 KB .
Post-Echostar sp Well it’s levelled out since that last post. Still a good 20p above where it tended to trade prior to the takeover approach (top of the green path). Maybe the t/o will leave that lasting impact or maybe it’ll drop a bit more? Any views? I think I’ll watch it for a little while yet. image.png1012x835 111 KB
Post-Echostar sp Like watching paint dry. It just seems inevitable… image.png1071x577 92.3 KB
Post-Echostar sp Hmmm - slipping back down suddenly. Might be a ‘buy’ again for me at some point. Low 400’s maybe? 430 to 450 staring to look possible to me. image.png1213x879 88.6 KB
Post-Echostar sp Following Echostar’s approach, ISAT’s price has effectively moved back up to the price trend it enjoyed before March - a general uplift of about 120p (see chart below). Interestingly, it is tending to stay in the top half of the range despite about a week at the lower end, after a dip to 481. It remains well short of 600, however, so confidence has returned but not exactly wholeheartedly (it was around 780 a year ago). I’m not looking to re-enter at current prices until I see what the August statement reveals and how the market moves then. In the meantime this is around 80p more than I’d be prepared to pay. image.png1316x621 72.7 KB
Game over? Well I was feeling nervous about getting back in above £5, however today it appears it was a good move, yet “Tomorrow Never Knowsâ€
Game over? It looks as if the market is anticipating strong results and forward guidance in the interim statement due Aug 2nd. I guess that will be the point at which the current phase of ‘bid related’ price movements comes to a conclusion. Echostar presumably had no firm idea about what the forthcoming statement might reveal and the market believes ISAT’s management will have a good story to tell. Today’s sp implies any bid should have been at least 680p - which is closer to some analyst expectations. Re-entering today (I’m completely out) would therefore be, for me, something of a punt on the Aug 2nd statement.
Game over? That is why I was cautious yesterday, which may have been a mistake. However I have bought in today at lower than I sold in June which is a consolation. The fact that it was recently 360 make my move a bit risky!
Game over? Echostar have said they won’t be making a hostile bid. With the price holding up the market clearly expects talks to continue, ending up with a (higher) agreed bid. I think we need to play the long game and expect to end up in the range 650p-750p.
Game over? It weird how the market was pricing ISAT at 360 a mere five weeks ago and with the various predators now out the way, is now pricing it 40 per cent higher.
Game over? Well looks like we were wrong about that. Much more resilient than I thought, especially as Echostar were only prepared to go to 532. That makes it hard to justify an sp of over
Game over? @Norman_Barrington: Norman_Barrington: I would step in again at 440 but not fully, so I could average down if it fell further. I’ve placed a preliminary sub-420p limit order for tomorrow and will try to keep an eye on price (as I’ll be preoccupied with other stuff). I’m bearing in mind a possible retreat back to the mid 300’s although that would seem somewhat bizarre given the underlying value that has been discussed over the last month. I rather expect the recent approach by Echostar will help solidify the price in the 400-450 range, but it’s anyone’s guess.