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Let's put things in reality. The KSA trial is not a definite,
2.75p a pitiful state of affairs - lost for words - pathetic.
TOT..what are you on ? The Prince in London and the QFI deal have no connection at all.
Short interest in ISAT is down from 8.29% at the end of Nov to about 4.61% as of yesterday. It suggests the falls that happened in the SP have rewarded the short sellers sufficiently at this stage, the motivation for shorting probably in anticipation of a dividend cut. However, the shares reacted before the event leading to the ridiculous yield of 9% etc. In any event, it looks like the shortsellers packed up their stalls and have started to move on to some other target. At the remaining yield of almost 4% dramatic further drops in SP seem unlikely so could see more short covering now and the SP gradually appreciate a bit and find a medium term level in the absence of any significant news. Agree with Boyobach that it doesn't reflect very well on mgmt that they didn't "see this coming" and continued with a disproportionate interim div. but better late than never.
Good decision to cut the dividend even if it will cost me a few quid in the short term. The in-flight wifi opportunity is huge and there are significant barriers to entry so if it can get a solid foothold in that by investing more now I'm all for it. It'll still be yielding close to 4% if the stays around here which is fair compensation for having to have patience. It's encouraging to see them talking about hiring people with new technology skills also - if they are going to be leaders in the IOT/M2M they will need talented engineers who are in ever-increasing demand but ISAT has a lot of advantages if it can get the right personnel.
ToT..please bear us the post the Jason Miles may be having lunch with the Saudi Prince today and the deal may be signed.I sometimes wonder if you are off your rocker.
The webcasts are a waste of time, they raise more questions than they answer, and are poorly executed. They need shut of CB and a heavyweight to come in and move this company forward. They also need to employ a decent PR agent to get news out accurately and in a timely and efficient manner.
The webcasts are an amateurish attempt to try and ramp up managements shortcomings and non delivery
I hope I'm wrong, but having been stuck in this since 2010.....my only expectation is, that normal service will be restored soon enough.....