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Its no tree shake.. Early Q118 has now gone with no news so many will be selling.
The SP has started to drop now as we go beyond the early Q118 point with no news.
...... Typical, not a word to shareholders from management on this latest fiasco.... Just bla, bla, bla via 3 rd parties.... And the SP continues to react accordingly
TOT..you need to stop clutching at straws and get back in the real world. We are nearly beyond early Q118.
The contract awards/ceremony will not tie up the contract...
@ascatix - yeah, I think people are underestimating the market for in-flight wifi - I think it's a massive opportunity to be exploited. Airlines are increasingly looking to ancillaries for revenue and selling the base seat cheap so it plays into this aswell provided ISAT has a good chunk of the wedge. There are barriers to entry for new aspiring providers of in-flight wifi also. I'm sticking with ISAT despite being down about 10% currently on average purchase price... GLA
Many people consider the Altman Z-score less relevant nowadays as it's based on an outdated sample of much smaller companies relative to today. Still, it may provide another data point to consider. However, the retained earnings has a powerful effect on the z-score and in ISAT's case increasing it by between 100m and 200m brings the z-score into the 'grey zone' which is inconclusive regarding likelihood of bankruptcy. And of course, a quick and simple, albeit painful, way to increase retained earnings is to slash the dividend by a similar amount. This would wipe the dividend more or less completely which they prob. won't want to do, but a cut of ca. 50% seems unavoidable soon.
I expect the SP to drop now as it looks as though the KSA news is delayed.