Chris Forrester is one of the most experienced and highly regarded journalists in the field. His insight and analysis, particularly in the satellite and pay-TV arena, is highly prized. He has written for all the major business journals in the sector as well as several national newspapers.
July 8th, was another sour day for Avanti Communications. Its already depressed share price (which had fallen 60 per cent on July 7th to 28p) fell another 16 per cent and at one point hit just 20p during the day. The collapse comes following a profits and trading warning from the company. It seems some […]
London-based speciality satellite operator Avanti says it is facing “challenging economic” trading prospects, and negative currency fluctuations mean that some of its existing contracts have been reworked. New contract wins during Q4 were a useful $70 million (€63.2m). However, the company failed to update the market with its all-important backlog numbers, although says that its […]
Investment bank Berenberg is telling investors that they are going to have to be patient for at least the next 18 months for any signs of stability in Eutelsat’s results and positive movement in its share price. Berenberg’s equity analysts speak bluntly, saying: “Eutelsat, along with the whole satellite industry, has had a torrid 12 […]
Equity analysts at Berenberg Bank have issued a strong “SELL” note for Sky to investors. The bank says that the broadcaster’s acquisitions of Sky Italia and Sky Deutschland, and argued as being able to benefit from Sky’s UK operation, have not worked out, and now offers “limited upside”. The bank’s note says: “While it is […]
Europe’s plans to build a new high-power rocket for launching commercial (and scientific) satellites has moved closer with the finalised agreement for the creation of Airbus Safran Launchers (ASL). The original ASL agreement was signed back in December 2014 but has since been beset by delays and squabbles amongst minority – but important – shareholders […]
Paris-based Eutelsat has had a terrible month with its share price hammered and consequential mark-downs for the complete satellite sector. Giles Thorne, equity analyst at investment bank Jefferies, in a note released on the evening of June 28th, says that Eutelsat’s position, in particular how it is addressing over-supply of capacity in the market, means […]
‘Galileo’ is the European Space Agency’s (ESA) major project to deliver improved GPS signalling to cars, boats, aircraft, hikers, etc. More than 75 per cent of Britain’s space-related funding goes to the 22-nation ESA which is NOT part of European Union. Indeed, Surrey Satellite Technology Ltd (SSTL) has been a major recipient of ESA contract […]
SES held its annual ‘Capital Markets Day’ on June 21st, talking to analysts about the company’s current state of business and prospects for the future. Evidently it went reasonably well. One equity analyst from investment bank Jefferies followed up the meeting with a ‘BUY’ note to investors. Giles Thorne said SES was “wrestling back the […]
On June 21st, satellite operator SES is holding its ‘capital market day’ and in the process attempting to explain recent events as to its miserable share performance, and how it hopes to restore investor confidence. SES’ share price has tumbled 37.58 per cent over the past year, and is now trading at a mere €19.25. […]
Eutelsat’s CEO Rodolphe Belmer appeared at the Exane/BNP-Paribas CEO Conference in Paris this week, and his presentation saw an “improving tone… [and] more upbeat” following on from its Q3 profits warning which had a severe impact on the satellite operator’s share price. According to the investment’s bank equity analyst Sami Kassab, Belmer reported his expectations […]
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