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.
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 […]
Elon Musk’s SpaceX company is enjoying considerable success launching – and then landing – his reusable rockets into space. They frequently carry valuable communications satellites for Europe’s SES and Eutelsat, and in doing so take valuable revenues away from Europe’s near-moribund Arianespace launcher. The success of SpaceX has, according to Jean-Yves Le Gall, who used […]
The news that Sky Deutschland has won the pay-TV broadcast rights for the 4 out of the 5 potential Bundesliga DFL football packages delivered a “strongly favourable outcome” for the broadcaster, observers agree. Moreover, the structure of the auction, which awarded the 5th group of games to Eurosport, was seen as being very beneficial to […]
Who would invest in satellite operators? Each of the ‘big three’ (Intelsat, SES and Eutelsat) have suffered massively from the downturn in satellite sentiment. Other operators have not been immune from these downward shifts. London-based Avanti, always a mercurial stock, hit an all-time treading ‘low’ of just 62p on June 6th, having fallen spectacularly from […]
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