Argonautica

Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

1 post found for November 2016

‘Inmarsat: Another No-Growth Quarter’

Last Thursday Inmarsat announced results for Q3. Whilst the share price reaction on the day suggested a positive reading of the results by the market, we believe a large part of this was relief that the company did not issue a profit warning. In fact, when looking at the results in more detail, Q3 proved to be yet another quarter of zero growth for the company. In our previous blog ‘Inmarsat: Rough Seas and Cloudy Skies’1 we highlighted our concerns around Inmarsat’s guidance for 2018 – an increase…