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Sunday newspaper tips: 3i Group, Inspired Energy, Inmarsat

Sun, 12th Feb 2017 15:36

(ShareCast News) - 3i Group shares received a 'hold' recommendation in the Sunday Times' Inside the City column. While its financial are solid and investors are happy with the more than threefold rise delivered under CEO Simon Borrows, the private equity group is facing ever more pressure for buyouts.Much of the gains under Borrows are thanks to the investment in Dutch discounter Action, which is growing fast and has seen 3i's investment holding worth around £1.5bn. At around a third of the entire portfolio value, investors may be concerned the group's success is too reliant on this one investment. 3i, which now invests its own cash with no outside investors, "has left little margin for error should its future investments fail to repeat Action's success".Shares in Inspired Energy were tipped as a 'buy' by Midas in the Mail on Sunday. The Lancashire company helps firms cut their power bills, with its 1,600-plus corporate clients including Kwik-Fit, Formica and Muller Milk and Ingredients. Using close relationships with 17 energy groups in the UK, including all of the Big Six, Inspired's two services are buying gas and electricity for clients and providing advice on how best to manage energy needs.Inspired floated on AIM just over five years ago and, helped by seven acquisitions, has grown its market valuation from £12m to more than £60m. Profits are expected to soar 40% to £6.3m in 2016 and then to at least £7.9m in 2017, with the dividend forecast at 0.45p for 2016 and 0.5p for 2017. The share "have barely moved in a year and are seriously undervalued".Inmarsat was a 'buy' for the Telegraph's Questor, for investors who can look was the satellite broadband specialist's short-term turbulence and see the longer-term potential. Troubles in the maritime market sent the shares falling to earth last year before they later rocketed higher only to be severely dented by news this January that higher start-up costs would send aviation earnings down before recovering in 2018.A possible recovery in maritime and improving government revenues provide a basis for a bounce back, while the European Aviation Network venture with Deutsche Telekom holds hope for extra gains, with a first satellite to provide in-flight internet to be launched later this year. Analysts at Euroconsult forecast the market for passenger connectivity to rocket from $700m in 2015 to nearly $5.4bn by 2025, which allows Inmarsat plenty of room even if competitors up their game. Lufthansa, Air New Zealand and IAG have already signed up in advance for Inmarsat's services.
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1 Mar 2023 12:26

CMA provisionally clears Viasat, Inmarsat merger

(Sharecast News) - The UK's Competition and Markets Authority has provisionally cleared US satellite company Viasat's £5.4bn takeover of UK rival Inmarsat following an in-depth review.

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14 Oct 2022 12:05

Viasat acquisition of Inmarsat heading to full CMA inquiry

(Sharecast News) - The competition regulator has decided to refer the planned acquisition of Inmarsat by Viasat to a full-scale inquiry, it announced on Friday.

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25 Jul 2022 12:25

CMA to review Viasat takeover of Inmarsat

(Sharecast News) - The UK's Competition and Markets Authority said on Monday that it has launched an investigation into Viasat's £6bn takeover of Inmarsat.

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8 Nov 2021 11:59

Viasat to buy UK's Inmarsat in $7.3bn deal

(Sharecast News) - California-based Viasat has agreed to buy British mobile satellite communications group Inmarsat in a $7.3bn deal.

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4 Dec 2019 16:37

Inmarsat To Be Delisted On Thursday After Acquisition Approval

Inmarsat To Be Delisted On Thursday After Acquisition Approval

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3 Dec 2019 15:52

Inmarsat takeover gets green light at court meeting

LONDON, Dec 3 (Reuters) - The takeover of Inmarsat by a private equity-led consortium was rubber stamped by London's High Court on Tuesday after a group of hedge funds earlier abandoned a challenge to the $3.4 billion deal.The scheme of arrangemen...

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3 Dec 2019 09:02

UPDATE 2-Inmarsat takeover clears final hurdle after hedge funds drop challenge

(Adds court sanction for takeover scheme)By Paul SandleLONDON, Dec 3 (Reuters) - A private equity consortium's $3.4 billion takeover of British satellite company Inmarsat was approved at a court hearing on Tuesday after hedge fund investors droppe...

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3 Dec 2019 09:02

UPDATE 1-Inmarsat takeover to clear final hurdle as hedge funds drop challenge

(Adds details)LONDON, Dec 3 (Reuters) - A private equity consortium's $3.4 billion takeover of British satellite company Inmarsat looked likely to go ahead after a group of hedge funds dropped plans to challenge the sale at a hearing on Tuesday.Th...

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3 Dec 2019 08:54

Inmarsat Deal To Go Ahead As Shareholders Back Down Over Ligado Issue

Inmarsat Deal To Go Ahead As Shareholders Back Down Over Ligado Issue

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3 Dec 2019 08:48

Hedge funds drop objections to Inmarsat takeover

(Sharecast News) - Inmarsat shareholders contesting a $3.4bn takeover of the satellite firm by private investors have dropped their objections ahead of a court hearing on Tuesday, the company said.

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3 Dec 2019 07:35

Hedge funds opposed to Inmarsat takeover drop court challenge

LONDON, Dec 3 (Reuters) - Hedge fund investors in Inmarsat said they would not object to the satellite company's takeover by a private equity-led consortium at a court hearing on Tuesday after the buyers said on Monday they would not increase or ...

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2 Dec 2019 09:35

Connect Bidco Will Make No Change To Inmarsat Offer Or Long Stop Date

Connect Bidco Will Make No Change To Inmarsat Offer Or Long Stop Date

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20 Nov 2019 11:59

UPDATE: Inmarsat Recommends Offer Despite Potential For Ligado Income

UPDATE: Inmarsat Recommends Offer Despite Potential For Ligado Income

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20 Nov 2019 09:59

Inmarsat Third-Quarter Profit Drops As No Revenue Booked From Ligado

Inmarsat Third-Quarter Profit Drops As No Revenue Booked From Ligado

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20 Nov 2019 09:58

Inmarsat profit slumps as Ligado payments paused

(Sharecast News) - Pre-tax profits at satellite operator Inmarsat slumped in the third quarter as revenue was hit by a pause in payments from US communications company Ligado Networks.

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