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Share of the week: Inmarsat

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Sheridan Admans, investment research manager at The Share Centre, picks Inmarsat as share of the week.

“Global provider of mobile satellite communications services Inmarsat announced half year results in August that showed it is continuing in the right direction, despite challenges. The group has been experiencing strong subscriber uptake to its broadband services and reported that it has been a very strong year for its Maritime and Aviation operations.

“Investors will be positive about the group’s announcement regarding a major new initiative to develop a combined satellite and terrestrial network to provide in-flight passenger services across Europe.

“Despite defence spending cuts and the setback of delayed satellite launches impacting revenues, we recommend Inmarsat as a ‘buy’. The company’s dividend yield is attractive for income seekers and we believe its civilian operations have turned a corner with demand for these services offsetting weaker demand in other areas.”

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