Inmarsat (ISAT)

Sector:

Telecom Operators

Index:

FTSE 250

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549.40p
   
  • Change Today:
      3.00p
  • 52 Week High: 632.20
  • 52 Week Low: 362.80
  • Currency: UK Pounds
  • Shares Issued: 463.58m
  • Volume: 976,674
  • Market Cap: £2,546.91m
  • RiskGrade: 119
  • Beta: 0.00

FTSE 250 movers: Renishaw rocked, Hunting gushes higher

By Duncan Ferris

Date: Thursday 21 Mar 2019

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 was 0.42% lower at 19,306.99 in afternoon trading on Thursday, as Renishaw led the index lower.
The engineering company saw its shares fall sharply as it cautioned that full-year results would come in below previous guidance.

Analysts from Stifel quoted in the Financial Times said: "What is striking is how rapidly this deterioration in full-year expectations has come through: the guidance that the group is now cutting was only set at the end of January, less than two months ago. This is a reminder of how high the group's operational gearing is, and how limited its visibility. The obvious follow-on question is whether the bad news is now out, or if there may be more to come. We think it is probably too early to tell, particularly given the pending deadlines around US-China trade talks and Brexit."

Fashion brand Ted Baker slumped as it reported a 26.1% drop in annual profit following a "difficult" year in which it was hit by a "forced hugging" scandal that culminated in the resignation of founder and boss Ray Kelvin.

Meanwhile, Crest Nicholson and Hammerson were both lower as they went ex-dividend.

IG Group was lower after reporting a 12% drop in third quarter revenues in the third quarter compared to the second as the online trading platform continued to adjust to new regulations and lower levels of volatility in financial markets in the last two months.

Merlin Entertainment crept lower after Berenberg cut the stock to 'sell', with analysts reasoning that they "struggle to see the company achieving EBIT growth in any division this year, despite its cost-savings plan and continued investment in new sites and hotels."

Oil and gas industry services provider Hunting was the top riser but precious metals miners were also on the rise as gold prices hit a three-week high on the back of the dovish Fed statement, with Acacia, Centamin and Hochschild all making gains.

Inmarsat was on the rise after HSBC raised the stock's target price from 420p to 470p following the satellite communications group's Wednesday confirmation that it was in talks with a consortium of private equity companies after receiving a takeover proposal in January.

Market Movers

FTSE 250 (MCX) 19,306.99 -0.42%
FTSE 250 - Risers

Hunting (HTG) 633.50p 4.88%
Acacia Mining (ACA) 205.80p 4.47%
Hochschild Mining (HOC) 201.30p 3.66%
Centamin (DI) (CEY) 92.68p 3.35%
Inmarsat (ISAT) 510.00p 2.97%
Marshalls (MSLH) 606.50p 2.54%
Aggreko (AGK) 770.00p 2.48%
Softcat (SCT) 863.00p 2.25%
Polar Capital Technology Trust (PCT) 1,288.00p 2.06%
Rank Group (RNK) 160.20p 1.91%

FTSE 250 - Fallers

Renishaw (RSW) 3,753.14p -10.64%
Ted Baker (TED) 1,573.00p -8.01%
Kier Group (KIE) 399.20p -7.03%
Crest Nicholson Holdings (CRST) 363.00p -6.64%
Just Group (JUST) 68.35p -6.11%
Indivior (INDV) 106.80p -5.86%
IG Group Holdings (IGG) 515.90p -5.86%
Merlin Entertainments (MERL) 347.90p -5.69%
Hammerson (HMSO) 350.80p -4.78%
Amigo Holdings (AMGO) 186.52p -4.35%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Inmarsat Market Data

Currency UK Pounds
Share Price 549.40p
Change Today 3.00p
% Change 0.55 %
52 Week High 632.20
52 Week Low 362.80
Volume 976,674
Shares Issued 463.58m
Market Cap £2,546.91m
Beta 0.00
RiskGrade 119

Inmarsat Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.35% below the market average63.35% below the market average63.35% below the market average63.35% below the market average63.35% below the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
37.87% above the market average37.87% above the market average37.87% above the market average37.87% above the market average37.87% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income Not Available
Growth
92.89% below the market average92.89% below the market average92.89% below the market average92.89% below the market average92.89% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 6
Sell 1
Strong Sell 0
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Inmarsat Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-19 13-Sep-18
Paid 30-May-19 19-Oct-18
Amount 12.00¢ 8.00¢

Trades for 17-Jun-2019

Time Volume / Share Price
16:35 288,639 @ 549.40p
16:29 156 @ 548.20p
16:29 179 @ 548.40p
16:29 1,138 @ 548.60p
16:29 232 @ 548.60p

Inmarsat Key Personnel

CEO Rupert Pearce
CFO Tony Bates

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