Boyobach
07 Jul 2018
Game over? Yes - it dropped nearly 60p at first yesterday because the news started to break early on. I was surprised to see it recover to over 500p before finally falling back to 484 at the close. A further 40p drop on Monday seems on the cards, maybe more over subsequent days/weeks. Could be a buying opportunity for those who are convinced by the views of ISAT’s management regarding the future. One thing that has become clear during this process is that ISAT’s spectrum assets are apparently worth a significant amount but Echostar wasn’t up to paying full price for it. GLA
Gunnergadin
06 Jul 2018
Game over? Luckily I got out when I could. This is getting hammered on Monday morning.
Norman_Barrington
06 Jul 2018
Game over? Just after close of business in UK: A statement by EchoStar Corporation No intention to make an offer for Inmarsat plc Further to the announcement made by Inmarsat plc (“Inmarsatâ€) on 8 June 2018, EchoStar Corporation (“EchoStarâ€) announces that it does not intend to make an offer for the entire issued and to be issued share capital of Inmarsat pursuant to Rule 2.7 of the Code. As a result of this announcement, EchoStar and any person acting in concert with it, is bound by the restrictions contained in Rule 2.8 of the Code. Under Note 2 on Rule 2.8 of the Code, EchoStar, and any person acting in concert with it, reserves the right to set aside the restrictions in Rule 2.8 within 6 months following the date of this announcement, in the following circumstances: (i) with the agreement of the board of Inmarsat; (ii) following the announcement of a firm intention to make an offer for Inmarsat by a third party; (iii) if Inmarsat announces a “whitewash†proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and (iv) if there has been a material change of circumstances (as determined by the Panel on Takeovers and Mergers).
Boyobach
06 Jul 2018
Game over? So Echostar’s offer, reportedly worth only 532, has been rejected. Probably a good call given ISAT’s purported potential. I might just re-enter if the right opportunity arises. A quick look suggests 440 to me but it clearly could go lower on recent history and if one deducts a bid premium of around 30% from the offer - that would put it at around 410.
Dictum_de_dicto
27 Jun 2018
Price target 850p Eutelsat are out of the game but they are not the only other player likely to be interested. And we still have no idea what Echostar are likely to pay. 850p is looking like a stretch at the moment but at 30% premium to the share price puts us in the 700 - 750p range. Maybe 750p is still a possibility. ddd
Graham_Donbavand
26 Jun 2018
Anyone still here? I’m using ADVFN boards at the moment
elliottsilverman
25 Jun 2018
Get In ...(marsat) $$$
Gunnergadin
25 Jun 2018
Price target 850p Possible offer by Eutelstat. [link]
Gunnergadin
25 Jun 2018
Price target 850p Must say, not easy to work out from the Regulatory News from the LSE what caused the spike. Can only assume it was something announced on the US side, when the markets opened. Anyone know what the US equivalent feed is for our Regulatory News here?
Gunnergadin
25 Jun 2018
Price target 850p Looks like something’s triggered the spike in the share price just after 2.20pm. Up five per cent. Anyway, past my break-even point after been under water for over a year. Whoop whoop!
russ
25 Jun 2018
Price target 850p Sorry, I posted that 3 days ago, iii embargoed me and suspended my account whilst they worked out if I was Donald Trump or some other bull
russ
25 Jun 2018
Price target 850p U.S. – 22 Jun 18 Satellite operator Echostar unveils stake in bid target Inmarsat Shares in British satellite operator Inmarsat leapt on Friday after its U.S. suitor EchoStar disclosed stakes in the London-listed company's equity and debt.
Dictum_de_dicto
23 Jun 2018
Price target 850p Looks like people are betting on some substantially higher prices judging by these trades posted after market close: |16:53 - 22/06 |Buy |111011 |606.00p |£672,726.66| |16:52 - 22/06 |Buy |370504 |605.88p |£2,244,809.64| Not exactly pocket money. Could be hedging activity betting on a bid perhaps closer to 800p than 600p. Next week could be pretty interesting. At some point someone has to show their hand. Whatever happens at least we know that one bidder is serious. ddd
Dictum_de_dicto
22 Jun 2018
Price target 850p Looks like a bidding war is brewing. Inmarsat rockets as potential suitor Echostar takes stake (Sharecast News) - Satellite operator Inmarsat surged as potential suitor, US rival Echostar, disclosed a stake in the company. A regulatory filing published on Friday showed that Echostar has taken a 3% stake in Inmarsat, and a 10.4% position in its convertible bonds. The news comes just days after shares in Inmarsat rallied on a report that Echostar was discussing financing options for an improved bid for the London-listed group, which rejected a “highly preliminary†takeover proposal from the company earlier in June. On Monday, Bloomberg cited people familiar with the matter as saying that no final decision had yet been taken and the American outfit might yet step away. In a note on 11 June, RBC Capital Markets estimated $3.7bn of potential synergies from a deal, with significant revenue, cost and capex synergies. “We believe the situation could become a bidding war between multiple potential bidders,†RBC added. At 1520 BST, ISAT shares were up 9.2% to 598.40p. ddd
Gunnergadin
22 Jun 2018
Price target 850p Don’t think it will. Looking at the RNS website, there’s been some building of positions going on by Echostar over the course of the week.
