UK 14:57 Thursday, 29 October 2026
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Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Mashers: Inmarsat (ISAT) is a great British space-age techno company – but not as we know it, Jim. You may recall lots in the news about Inmarsat earlier this year. They were the ones who were looking for bits of wrecked plane in that big missing aircraft tragedy.
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Comments
BeeJayDoubleYou
I would just caution regarding Inmarsat’s new FD, Tony Bates and his motives. He played a part in the demise of hibu, formerly Yell. A company which is trading today despite wiping out shareholders. There are a lot of unanswered questions regarding how the Directors created a situation which, on paper, made the company look a basket case despite trading profitably.
wildrides
Yeah too right ……… and the long arm is gonna catch up with Bates & Co ……. soon . Dont you just love Karma .
Wrigley , Pocock and Bates. They took down Yell / Hibu and wiped out the share holders using the old name change shell trick . They call themselves restructuring specialists . Look up Pocock , look up Ponzi schemes , look up Petters , look up Polaroid and join a few dots with long strings . Look up the directors of former Yell/ Hibu circa 2012 . If any of them appear together in the same company and you have shares then start worrying . Worry even more if the directors propose a company name change . The idea will be to leave shareholders behind in a worthless empty shell and then change name back to the famous first name with all the assets ( and the famous names goodwill value back on the balence sheet ) and no shareholders. Ultimate aim to go private and then re float .
Follow the careers of these guys and you will see the same names of co workers recruited on to the team for “the Job”
Always the same story .
Look up Pocock and US court cases in regards to links to Polaroid . Also look up Deloitte and how they advise clients on restructuring and then become the administrators . Chinese walls ….. yeah right . Look how many times Deloitte has been fined . I used to wonder why people called them De toilet . A little research answers that .
Be aware of (famous ) name changes . Changing the name of Yell to Hibu and thus forcing write off of all the goodwill attached to the yell name was enough to bring down the company to admin and delist .
J P Spaghetti
An exciting company for sure, but just to echo the sentiments already posted here I wonder what led to the decision to appoint Bates given his previous tenure – there seems to have been plenty of space between his ears or worse. Perhaps he omitted this from his CV and claimed he was on an extended gap year throughout this time. I hope for the sake of shareholders it doesn’t go on to do a Beagle 2 (RIP CP).