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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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18 Sep 2019 07:17

UPDATE 2-Britain to investigate $5 bln U.S. takeover of defence firm Cobham

* UK issues intervention notice* Deal could be delayed on security grounds* Advent says will cooperate with government (Adds background, reaction)By Kate HoltonLONDON, Sept 18 (Reuters) - Britain will investigate the national security impact of the...

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18 Sep 2019 07:17

UPDATE 1-Britain orders security investigation into Cobham-Advent deal

(Adds background)LONDON, Sept 18 (Reuters) - The $5 billion acquisition of British defence company Cobham by U.S. private equity firm Advent International could be blocked on national security grounds after the government ordered an investigation ...

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17 Sep 2019 15:08

Merchants Trust Assets Rise In First Half But Underperforms Benchmark

(Alliance News) - The Merchants Trust PLC on Tuesday reported a rise in net assets and a dividend rise but lagged behind its benchmark in the first half of the financial year.Net asset at a

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4 Sep 2019 11:17

Inmarsat loses UK tax deduction case

(Sharecast News) - Telecommunication company Inmarsat has lost a ruling over tax deductions it booked in the mid-1990s for the launch costs of some of its satellites.

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4 Sep 2019 09:22

Inmarsat Loses Satellite Launch Tax Relief Case Against UK Taxman

(Alliance News) - Satellite firm Inmarsat PLC has lost its case against the UK tax collector going back to the 1990s, the company said on Wednesday.A tribunal has decided there is no tax up

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20 Aug 2019 18:37

Morgan Stanley Reduces Holding In Inmarsat One Day After Increase

(Alliance News) - Inmarsat PLC said Tuesday US investment bank Morgan Stanley has reduced its holding in the FTSE 250-listed satellite telecommunications firm, after recently upping its a deal on

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1 Aug 2019 11:11

Inmarsat Axes Interim Dividend Amid Narrowed Loss, Higher Revenue

(Alliance News) - Satellite communications firm Inmarsat PLC said Thursday it will not declare an interim dividend following its proposed takeover deal, amid a narrowed loss and slight revenue the

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23 Jul 2019 08:36

UK Government Intervenes In Inmarsat's GBP3.4 Billion Takeover

(Alliance News) - The UK government is to review Inmarsat PLC's takeover by a private equity group on the grounds of national security, it said Monday.Satellite firm Inmarsat in March a

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24 Jun 2019 13:21

Inmarsat to receive $50.75m settlement from RigNet

(Sharecast News) - Inmarsat confirmed on Monday that it has agreed a final settlement with RigNet of all claims in respect of the arbitration case at the International Centre for Dispute Resolution relating to its GX take-or-pay contract.

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24 Jun 2019 12:28

Inmarsat Seals USD51 Million In RigNet Contract Settlement

(Alliance News) - Takeover target Inmarsat PLC said Monday it entered into a USD51 million settlement agreement with RigNet over the Global Xpress take-or-pay contract following a dispute a firm,

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20 Jun 2019 12:22

Avanti Reappoints Former Inmarsat Executive As Non-Executive Director

(Alliance News) - Avanti Communications Group PLC said Thursday it has reappointed Christopher McLaughlin as non-executive director with immediate effect.McLaughlin previously served as at

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3 Jun 2019 16:05

UBS Investment Bank Increases Interest In Inmarsat To Almost 9% (ALLISS)

LONDON (Alliance News) - Inmarsat PLC on Monday said UBS Investment Bank upped its holding in the mobile satellite communications firm in a transaction on Thursday last week.UBS Investment

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30 May 2019 09:08

Inmarsat Selects Airbus To Build Three New Next Generation Satellites

LONDON (Alliance News) - Inmarsat PLC said Thursday it has selected Airbus SE to design and build three next-generation Global Xpress satellites.The cost of the satellites has not been did

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30 May 2019 07:18

Inmarsat partners with Airbus for massive GX network upgrade

(Sharecast News) - Satellite communications giant Inmarsat announced on Thursday that Airbus Defence & Space has been selected as its satellite manufacturing partner, as part of what it called a "ground-breaking" development of its 'Global Xpress' (GX) network.

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10 May 2019 15:43

Inmarsat Shareholders Approve USD3.4 Billion Takeover After Vote

LONDON (Alliance News) - Inmarsat PLC on Friday said its shareholders had agreed the terms of a recommended acquisition by Connect Bidco Ltd, a newly incorporated entity owned by a consortium of a

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