Galvan rated ISAT a buy at 695p on 11/2/2011 when Harbinger Capital Partners sold its remaining 14% stake in Inmarsat.

RBC Capital Markets today reaffirms its outperform investment rating on Inmarsat PLC (LON:ISAT) and raised its price target to 850p (from 725p).

Statement regarding possible offer for Inmarsat plc by Echostar Corporation
The Board of Inmarsat plc ("Inmarsat" or "the Company") notes today's recent press speculation and movement in its share price and confirms that it received a highly preliminary and indicative non-binding proposal from Echostar Corporation in relation to the potential acquisition of the entire issued, and to be issued, share capital of Inmarsat (the "Proposal").

After carefully considering the Proposal with its advisers the Board rejected the Proposal on the basis that it very significantly undervalued Inmarsat and its standalone prospects. The Board remains highly confident in the independent strategy and prospects of Inmarsat.

There can be no certainty either that any firm offer will be made or as to the terms on which any offer might be made. A further announcement will be made in due course as appropriate.

Numis comment:
"We do not advise shorting ISAT's stock but, unless the company's value prospects are better detailed than they have been hitherto, we think shareholders should reduce holdings if the share price climbs materially higher. This is because (i) we believe Echostar will not follow through, (ii) we doubt ISAT shareholders will get clarity over the likelihood and NPV of future Ligado cash soon enough, and (iii) we believe the threat from Iridium to ISAT's NPV will keep growing at pace. We made numerous small changes to our ISAT forecasts post 1Q FY18 results, so our Target Price inches back from 450p to 430p per share."

From Bloomberg - Dinesh Nair:
EchoStar Corp. is considering raising its offer for rival Inmarsat Plc after its initial approach for the British satellite company was rejected as being too low, according to people familiar with the matter.

EchoStar, founded by billionaire Charlie Ergen, is discussing financing for an improved offer in the coming days, said the people, who asked not to be identified because the plans are private. EchoStar is working with financial advisers on its bid, the people said. A final decision hasn’t been made, and the U.S. company may decide not to proceed with an offer, they said.

Representatives for EchoStar and Inmarsat declined to comment.

Inmarsat said June 8 it had turned down a “highly preliminary” offer from EchoStar after consulting its advisers. Inmarsat’s stock rose 28 percent over two trading days, but has still lost more than half is value since a peak at the end of 2015. That’s elevated the company to the top of analysts’ lists of potential targets for consolidation in the industry, where oversupply is pushing down margins as demand lags behind, spurring existing companies to consider their alternatives.

EchoStar has long been seen as a potential bidder for Inmarsat, along with SoftBank Group Corp.’s OneWeb. Inmarsat sees aviation services such as in-flight Wi-Fi as its biggest growth driver in the coming years and is also seeking to diversify into businesses like connected cars, after coping with a protracted slowdown in shipping."

StockMarketWire.com
Shares of Inmarsat slumped Tuesday after French satellite group Eutelsat Tuesday ruled out a bid for the company.

This comes less than 24 hours after Eutelsat confirmed it was considering a takeover bid for British rival Inmarsat.

StockMarketWire.com
Satellite company Inmarsat said Friday it had rejected a $3.2bn (£2.4bn) takeover bid from its American rival EchoStar.

Inmarst claimed the bid, pitched at 532p per share, significantly undervalued the company and its prospects.

Following the rejection, however, EchoStar reportedly said it would continue to pursue Inmarsat in the hope of landing a recommended offer.

Inmarsat plc statement re withdrawal of EchoStar
The Board of Inmarsat plc ("Inmarsat" or the "Company") notes today's further announcement by EchoStar Corporation ("EchoStar") that it does not intend to make an offer for Inmarsat.

The Board remains highly confident in the independent strategy and prospects of Inmarsat, given our track record, unique capabilities, differentiated market position and strong channels to market. Inmarsat will publish its interim year results for the period to 30 June 2018 on 2 August 2018 and will update the market on the Company's progress at that time.

Barclays Capital today reaffirms its equal weight investment rating on Inmarsat PLC (LON:ISAT) and raised its price target to 460p (from 420p).

StockMarketWire.com
Satellite firm Inmarsat swung to a net loss in the second quarter of the year but revenue rose 5%, supported by strong growth from its aviation division.

For the three months through 30 June, the company reported a net loss of $185.4m compared with a profit a year earlier and a 5% increase in revenue to £371.8m.

Revenue growth was led by strong performance in the company's aviation division which saw revenue jump 38.7% to $59.5m for the quarter.

The interim dividend of 8 cents per share was in line with the board's recently updated approach to dividend pay-outs.

The company, maintained its full-year guidance including annual capital expenditure of between $500m and $600m each year from 2018 to 2020. While 2018 revenue, excluding Ligado, was expected in the range of $1,300m to $1,500m.

RBC Capital Markets today downgrades its investment rating on Inmarsat PLC (LON:ISAT) to sector performer (from outperform) and cut its price target to 650p (from 725p).

StockMarketWire.com
Inmarsat and Panasonic Avionics Corporation struck a joint agreement Thursday, for an initial ten-year period, to offer broadband in-flight connectivity paired with 'high-value' solutions and services to passengers on commercial flights.

Under the terms of the agreement, Inmarsat would become Panasonic's exclusive provider of Ka-band IFC for commercial aviation.

This would allow Panasonic to offer Inmarsat's high-speed, broadband connectivity service, GX Aviation, powered by Global Xpress -- the world's first global Ka-band satellite network, owned and managed by a single operator, Inmarsat said.

The agreement would allow Inmarsat to offer Panasonic's portfolio of services and 'NEXT' solutions to Inmarsat's commercial aviation customers. This would include customer support services available from Panasonic's Customer Performance Center and Technical Services teams. 'IFC (in-flight connectivity) is a substantial and fast-emerging sector where the quality of customer experience is paramount. Reliable, high-quality IFC is no longer a luxury for passengers, but an expectation, and will play a vital role in securing an airline's competitive position in a market,' said Rupert Pearce, Chief Executive Officer, Inmarsat. 'Today's landmark announcement is clear evidence of Inmarsat delivering on its strategy and strengthens our conviction that, building upon the success of the global GX network, aviation will be a significant individual growth driver of our overall business. It also demonstrates Inmarsat's commitment to becoming the reference IFC network for airlines around the world'.

Notice of Third Quarter 2018 results
Inmarsat plc will report results for the 3 months ending 30 September 2018 on Thursday 8 November at 07.00 hrs BST.

Inmarsat management will host a conference call to discuss the results on that day. The call can be accessed via our website: www.inmarsat.com.

StockMarketWire.com
Satellite firm Inmarsat reported Thursday a modest increase in third-quarter revenues as strong growth from its aviation division was overshadowed by a sharp rise in investment costs.

For the three months through 30 September, revenue rose 3.7% to $369.3m and earnings (EBITDA) rose 6.8% to $206.5m.

Revenue growth was led by strong performance in the company's aviation division which saw revenue jump 34% to $68.2m for the quarter.

Performance was held back, somewhat, by a 55% jump in cash capex during the quarter, mainly reflecting investments in the GX5 and I-6 satellites.

Revenue and earnings (EBITDA) for the full-year were expected to be at least in line with current market consensus of $1,325m and $610m, respectively, the company said

'Inmarsat remains at the forefront of our chosen markets, leveraging the strength of our established market position, continuing to deliver an exciting technology roadmap and taking a highly disciplined approach to costs and capital expenditure,' said Rupert Pearce, Chief Executive Officer.

'As a result, the Group remains well placed to continue delivering medium-term growth in revenue, EBITDA, and free cash flow.'

Deutsche Bank today reaffirms its buy investment rating on Inmarsat PLC (LON:ISAT) and cut its price target to 575p (from 580p).

StockMarketWire.com
Satellite communications company Inmarsat said Wednesday it had signed a contract to provide inflight broadband to Indonesian national carrier Garuda.

Immarsat would work together with wireless technology provider Mahata Aero Teknologi, Lufthansa Technik and Lufthansa Systems to provide its inflight connectivity service GX Aviation.

The agreement marked an extension of Mahata's existing 10-year contract with low-cost carrier Citilink, also part of the Garuda Indonesia Group, for the inflight broadband solution.

The service went live on the first Citilink aircraft earlier this month and was scheduled to launch with Garuda later this year.

GX Aviation was the world's first and only global, high-speed inflight connectivity service delivered through a wholly-owned and operated network of high-throughput satellites, according to Immarsat. 'Asia Pacific has become one of our biggest markets for GX Aviation. The fact that Indonesia's national airline and low-cost carrier have both selected the service within months of each other is testament to GX Aviation's status as the global benchmark for inflight broadband,' said Philip Balaam, President of Inmarsat Aviation.

This one's a name from the past, do you hold Harry?

No, not at the moment, though always keep an eye on it as am interested in the technology as well as the price.