IMASY - Inmarsat Plc

Other OTC - Other OTC Delayed Price. Currency in USD
7.02
-0.02 (-0.28%)
As of 9:30AM EDT. Market open.
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Previous Close7.04
Open7.02
Bid0.00 x 0
Ask0.00 x 0
Day's Range7.02 - 7.02
52 Week Range4.55 - 8.75
Volume296
Avg. Volume11,867
Market Cap3.293B
Beta (3Y Monthly)0.87
PE Ratio (TTM)26.00
EPS (TTM)0.27
Earnings DateN/A
Forward Dividend & Yield0.24 (3.37%)
Ex-Dividend Date2019-04-22
1y Target EstN/A
Trade prices are not sourced from all markets
  • UFO Fund Shuns Little Green Men to Buy Satellites and Rockets
    Bloomberg7 days ago

    UFO Fund Shuns Little Green Men to Buy Satellites and Rockets

    Procure Holdings is starting the first exchange-traded fund that invests solely in the final frontier. The Procure Space ETF, ticker UFO, will start trading in New York on Thursday, the company said in a statement. The fund will track the S-Network Space Index, which holds companies that generate a sizable part of their revenue from satellite technology and other out-of-this-world industries.

  • Investors Regain Confidence in Boeing; Others Don’t
    Bloomberg20 days ago

    Investors Regain Confidence in Boeing; Others Don’t

    As far as the stock is concerned, it was a success: Boeing shares ended up 5 percent on the week as investors took heart from the company’s progress on rolling out an update for anti-stall flight-control software that’s thought to have been a factor in two fatal crashes. As far as rebuilding confidence in the plane and thwarting scrutiny over the cozy relationship between Boeing and the FAA, it fell flat. Boeing’s proposed update will make it easier for pilots to manually override the so-called Maneuvering Characteristics Augmentation System, and the software will now compare readings from two sensors before pushing the plane’s nose down.

  • Moody's22 days ago

    Inmarsat Finance plc -- Moody's places Inmarsat's ratings (Ba2 CFR) on review for downgrade

    Moody's Investors Service ("Moody's") has today placed on review for downgrade Inmarsat plc's ("Inmarsat") Ba2 Corporate Family Rating, Ba2-PD Probability of Default Rating (PDR) as well as the Ba3 ratings on Inmarsat Finance plc's $1.0 billion Senior Unsecured Global Notes due 2022 and $400 million Senior Unsecured Global Notes due 2024, which are unconditionally guaranteed by Inmarsat Group Limited and Inmarsat Investments Limited. The outlook for both entities has been changed to rating under review from stable.

  • Reuters24 days ago

    U.S. recession fears, Brexit jitters batter UK shares

    The FTSE 100 fell 0.4 percent and the domestically-focussed FTSE 250 shed 1.1 percent to hit its lowest since Feb. 12. Last week's cautious remarks from the U.S. Federal Reserve and weak manufacturing data from Germany and the United States once again raised concerns about the world economy, making stocks, generally considered riskier assets, less appealing.

  • Inmarsat convinced by $3.4 billion cash buyout deal
    Reuters24 days ago

    Inmarsat convinced by $3.4 billion cash buyout deal

    The consortium, which includes UK-based Apax Partners, U.S.-based Warburg Pincus and two Canadian pension funds, is betting in part on Inmarsat's reputation for selling faster and more reliable in-flight Wi-Fi to commercial airlines worldwide. Inmarsat shareholders will get $7.21 cash, or 546 pence per share. Inmarsat's shares were up 8.9 percent at 551 pence by 1422 GMT, higher than the offer price.

  • Britain’s Inmarsat Satellite Group Going Private in $3.4 Billion Deal
    Bloomberg24 days ago

    Britain’s Inmarsat Satellite Group Going Private in $3.4 Billion Deal

    Inmarsat shares jumped more than 8 percent to top the offer price as some investors speculated another bidder may try to break up a deal that already has the backing of top shareholder Lansdowne Partners. Inmarsat has been in play since last year as it faces growing competition from traditional rivals such as ViaSat Inc. and new challengers including Richard Branson-backed OneWeb and Elon Musk’s SpaceX offering smaller, cheaper satellites. Inmarsat has pinned its hopes on selling faster, more reliable internet services to the world’s airlines.

  • Private Equity Gets Another Gift From the Heavens
    Bloomberg24 days ago

    Private Equity Gets Another Gift From the Heavens

    A consortium of buyout firms and pension funds agreed on Monday to buy Inmarsat Plc for $3.4 billion, nine months after the board of the U.K. satellite group rejected a comparably priced offer from billionaire Charlie Ergen as too cheap. There’s been no colossal change in Inmarsat’s outlook since then. Inmarsat used to be a FTSE 100 stock, paying reliable dividends.

  • Reuters29 days ago

    Inmarsat in $3.3 billion go-private transatlantic deal talks (March 19)

    The consortium, which includes UK-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board (CPPIB), offered $7.21 per share on Jan. 31 and the proposal remains under discussion, Inmarsat said in a statement. The $7.21 (543 pence) per share offer is at a premium of about 24 percent to Inmarsat's Tuesday close of 437.8 pence on the London Stock Exchange.

  • Reuters29 days ago

    UPDATE 2-Inmarsat in $3.3 bln go-private transatlantic deal talks (March 19)

    Inmarsat Plc said on Tuesday it has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about $3.3 billion and take it private. The consortium, which includes UK-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board (CPPIB), offered $7.21 per share on Jan. 31 and the proposal remains under discussion, Inmarsat said in a statement.

  • Reuters29 days ago

    FTSE 100's winning streak broken as Brexit delay plea hits financials

    By Shashwat Awasthi and Yadarisa Shabong (Reuters) - Financial stocks and housebuilders slipped after British Prime Minister Theresa May asked the European Union to delay Brexit and caused the FTSE 100 ...

  • U.K.'s Inmarsat Receives $3.3 Billion Private Equity-Led Bid
    Bloomberg29 days ago

    U.K.'s Inmarsat Receives $3.3 Billion Private Equity-Led Bid

    Apax Partners and Warburg Pincus, supported by the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board, made the non-binding cash bid of $7.21 a share on Jan. 31, Inmarsat said Tuesday after the market close in London. French rival Eutelsat Communications SA also weighed an offer before backing off.

  • Bloomberg29 days ago

    Just 13 Pence Brings This Satellite Down to Earth

    Inmarsat Plc has opened its doors to a group of private equity firms dangling a $3.3 billion bid. The mooted offer from the Apax and Warburg Pincus-led group is in cash, while the billionaire’s was partly denominated in shares. Why do private equity firms yet again see value where ordinary investors fear to tread?

  • Shares in Inmarsat jump on fresh bid approach
    Reuters29 days ago

    Shares in Inmarsat jump on fresh bid approach

    Shares in Inmarsat Plc jumped 17 percent on Wednesday after the British satellite operator said it was in talks about a $3.3 billion (2.5 billion pounds) cash offer from a private equity-led consortium, opening up the possibility of a bidding war. "The proposal remains under discussion", Inmarsat said late on Tuesday.

  • The Wall Street Journal29 days ago

    [$$] Inmarsat in Takeover Talks With Private-Equity Led Consortium

    Inmarsat said it received a proposal from a private-equity led consortium regarding a possible offer to buy the British satellite company for $7.21 a share.

  • Reuters29 days ago

    Shares in Inmarsat jump 16 pct on private equity approach

    Shares in Inmarsat Plc jumped 16 percent on Wednesday after the British satellite operator said it was in talks about a $3.3 billion cash takeover approach from a private equity-led consortium. The consortium, ...

  • CNBC29 days ago

    Autos and miners drag European markets lower; Bayer shares tumble 12%

    European stocks were lower Wednesday morning, as investors awaited a policy decision by the U.S. Federal Reserve.

  • Inmarsat in $3.3 billion go-private transatlantic deal talks
    Reuterslast month

    Inmarsat in $3.3 billion go-private transatlantic deal talks

    The consortium, which includes UK-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board (CPPIB), offered $7.21 per share on Jan. 31 and the proposal remains under discussion, Inmarsat said in a statement. The $7.21 (543 pence) per share offer is at a premium of about 24 percent to Inmarsat's Tuesday close of 437.8 pence on the London Stock Exchange.

  • Reuterslast month

    Inmarsat in talks over $3.3 bln cash buyout offer

    Inmarsat has received a cash takeover offer from Apax Partners, Warburg Pincus International and Canada Pension Plan Investment Board, the British satellite company said on Tuesday, valuing the business ...

  • Moody'slast month

    Inmarsat Finance plc -- Moody's announces completion of a periodic review of ratings of Inmarsat plc

    Announcement: Moody's announces completion of a periodic review of ratings of Inmarsat plc. Global Credit Research- 12 Mar 2019. London, 12 March 2019-- Moody's Investors Service has completed a periodic ...