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SDA, SPEEDCAST INTERNATIONAL LIMITED
blacksheep
post Posted: Oct 9 2019, 10:47 AM
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In Reply To: blacksheep's post @ Sep 27 2019, 03:34 PM

Updated chart. Shorters still very active - as can be seen by the number of notable short alerts (indicating the stock has been shorted more than 0.5% on the day) below. Total short positions as at 2/10/19 = 9.81%. SDA now #14 on Shortmans Top 100
QUOTE
Tue 8th Oct, 2019 1,393,727 239,741,258 0.58% 2,022,116 68.92%
Mon 7th Oct, 2019 1,181,543 239,741,258 0.49% 2,309,129 51.17%
Fri 4th Oct, 2019 692,528 239,741,258 0.28% 1,855,887 37.32%
Thu 3rd Oct, 2019 1,351,486 239,741,258 0.56% 2,414,285 55.98%
Wed 2nd Oct, 2019 1,207,852 239,741,258 0.50% 2,337,832 51.67%
Tue 1st Oct, 2019 466,975 239,741,258 0.19% 3,798,951 12.29%
Mon 30th Sep, 2019 1,517,617 239,741,258 0.63% 6,183,493 24.54%
Fri 27th Sep, 2019 963,641 239,741,258 0.40% 7,792,642 12.37%
Thu 26th Sep, 2019 1,184,581 239,741,258 0.49% 2,892,312 40.96%
Wed 25th Sep, 2019 1,141,718 239,741,258 0.47% 4,352,384 26.23%
Tue 24th Sep, 2019 1,548,603 239,741,258 0.64% 3,152,675 49.12%
Mon 23rd Sep, 2019 844,384 239,741,258 0.35% 3,055,963 27.63%
Fri 20th Sep, 2019 1,343,886 239,741,258 0.56% 5,822,568 23.08%
Thu 19th Sep, 2019 1,520,734 239,741,258 0.63% 4,505,876 33.75%
Wed 18th Sep, 2019 771,958 239,741,258 0.32% 2,693,655 28.66%
Tue 17th Sep, 2019 1,311,210 239,741,258 0.54% 2,884,462 45.46%
Mon 16th Sep, 2019 455,422 239,741,258 0.19% 2,300,357 19.80%
Fri 13th Sep, 2019 421,561 239,741,258 0.17% 2,311,814 18.24%
Thu 12th Sep, 2019 314,755 239,741,258 0.13% 3,020,271 10.42%
Wed 11th Sep, 2019 810,490 239,741,258 0.33% 3,485,278 23.25%


SP currently $1.02

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 27 2019, 03:34 PM
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In Reply To: blacksheep's post @ Sep 3 2019, 03:14 PM

Another wee "surge" - SP up currently 16.9% @ $1.245 This one on the back of todays ann below - probably had shorters running for cover - they've been pretty active of late with 8.64% being total short positions @ 20/9/19 https://www.shortman.com.au/stock?q=sda

QUOTE
Speedcast secures two industry leaders for Board
Sydney, Australia, 27 September 2019 – Speedcast International Limited (ASX: SDA), the world’s most trusted
provider of remote communication and IT solutions, is pleased to announce that Peter Shaper and Joe Spytek
have agreed to join the Board as independent Non-executive Directors. Their appointments are effective from
today.

These appointments follow the global search for additional independent non-executive Directors to underpin
Speedcast’s Board renewal process, which was previously announced on 27 August 2019.

Peter Shaper is currently a Partner of Houston-based private equity firm Genesis Park. He has extensive
business and Board experience, particularly in the satellite telecommunications sector, having previously been
Chairman and CEO of CapRock Communications (a company acquired by Speedcast in 2017) and Chair of ITC
Global, also a global satellite services provider. Peter won the 2009 Satellite Executive of the Year award, is a
Founding Partner of private equity firm Genesis Park and sits on numerous boards including two other public
companies. Peter holds an MBA from Harvard, and a Bachelor of Industrial Engineering from Stanford University.
Joe Spytek has more than 25 years of experience in leadership and international business. Most recently, Joe
served as the Founder and CEO for ITC Global, providing end-to-end satellite communications to energy, mining
and maritime companies operating in remote and harsh environments; prior to the business being sold to
Panasonic’s mobility communications division. Joe has previously built several successful international
telecommunications companies, and holds a Bachelor’s degree in Mechanical Engineering from Vanderbilt
University.

The Company’s earlier announcement on 27 August 2019 anticipated that another Director would retire from the
Board once a suitable appointment was made. Caroline van Scheltinga has informed the Company of her
retirement from the Board effective immediately. Ms van Scheltinga has been an independent Non-executive
Director of Speedcast since April 2018 and has made an outstanding contribution to the business during her time
on the Board.

Commenting on the Board changes, Speedcast Chair, Stephe Wilks, said: “We are delighted with the
appointment of Peter and Joe to the Speedcast Board. Their substantial satellite telecommunications industry
experience, and successful history building businesses, further strengthens the Board. Critically, the
appointments provide additional skills to support our management team implement the Company’s strategic plan.
The fact that we were able to secure two Directors of this calibre so quickly is a testament to the quality of our
people, and the global platform they have built – presenting our new Directors with a compelling opportunity to
contribute.”

“On behalf of the Board I would also like to thank Caroline for her significant contribution and support as a nonexecutive director.”
On the Board appointments, CEO Pierre-Jean Beylier stated: “I am very pleased that Peter and Joe have agreed
to join our Board. They bring substantial operational experience and relevant industry networks to Speedcast,
which will be a strong addition to the Board’s skill set. We look forward to working with them as we continue to
focus on operational enhancements, de-leveraging and realigning the business for future organic growth.”
As part of the Board renewal process, the Company has committed to its new Directors to bring a performancebased equity incentive package to Shareholders in due course (with the performance hurdle linked only to value created from the time of the Director’s appointment).

Subject to the receipt of the approval of Shareholders, each new Director would be entitled to 600,000 options
(where one option entitles the holder to subscribe for one ordinary share in the Company at an exercise price of
$1.30) which expire three years from the date of grant and are exercisable if the closing price of Speedcast shares
on the ASX trades at or above $3.00 for ten successive trading days, and the Director is employed by the
Company at that time (vesting will also accelerate in connection with a change of control transaction). In addition,
the Company has committed to grant the Chair of the Company, Stephe Wilks, 900,000 options on the same
terms as the options proposed to be granted to the new Directors (including that the grant be subject to
Shareholder approval).


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 3 2019, 03:14 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Aug 28 2019, 07:17 PM

QUOTE
SpeedCast shares surge
Shares in SpeedCast International are up 19.3 per cent today to $1.14. The stock price is recovering from a low of 76c reached after its full year results.

Substantial holder notices lodged in the past few days suggest the rise is due to stock owners, including Norges Bank (Norway's sovereign wealth fund), recalling shares from short-sellers. This means the short sellers have to buy shares to return stock to Norges Bank. Short positions peaked at 10 million last week, but are now down to 2 million. Norges Bank still owns 13.2 million shares or 5.5 per cent of SpeedCast, according to a substantial holder notice lodged today.

Meanwhile Mitsubishi Financial, which recently purchased Colonial First State Asset Management (CFSAM), today emerged as a substantial holder with 5.5 per cent. It too has lent hundreds of thousands of shares out to short-sellers. By recalling the shares, both Norges and Mitsubishi can sell the returned stock in the rising market to another short seller trying to cover their position.


Total short positions as at 28/8/19 = 8.18%
QUOTE
Mon 2nd Sep, 2019 2,330,838 239,741,258 0.97% 16,986,249 13.72%
Fri 30th Aug, 2019 3,832,881 239,741,258 1.59% 17,748,244 21.60%
Thu 29th Aug, 2019 10,342,319 239,741,258 4.31% 35,318,200 29.28%
Wed 28th Aug, 2019 3,538,073 239,741,258 1.47% 40,293,786 8.78%
Tue 27th Aug, 2019 3,142,408 239,741,258 1.31% 16,076,962 19.55%

https://www.shortman.com.au/stock?q=sda
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
blacksheep
post Posted: Aug 28 2019, 07:17 PM
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In Reply To: blacksheep's post @ Aug 28 2019, 02:38 PM

Yikes!! Finished the day down 33% @ $0.755. Volume was 40.2 mil with 6.8 mil shares traded after the close.

AFR are carrying an article - Speedcast boardroom all at Portsea

QUOTE
It is understood UK fund manager Portsea Asset Management has been shaking the trees at Speedcast and can lay some claim to a few of the changes blowing through the satellite owner


Portsea became SDA's biggest shareholder 3 mths ago with 14.2% @ an average SP of $3.61 - no wonder they are miffed.

https://www.afr.com/street-talk/speedcast-b...20190828-p52lnt



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 28 2019, 02:38 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Aug 28 2019, 01:40 PM

QUOTE
Shares in SpeedCast International are down a further 21 per cent today, now hitting 89¢. Sydney Morning Herald reporter Colin Kruger notes auditors PWC mentioned a material uncertainty over SpeedCast's ability to continue as a going concern in the half-year accounts, due to the $180.3 million loss, the $6.8 million cash outflows, and $654.6 million debt load.

"The Group's ability to continue as a going concern is dependent on the group having a continued appropriate level of funding from its existing lenders and creditors and/or other sources for at least the next 12 months from the date of this report," the auditors wrote.

Credit Suisse analysts have a 'neutral' rating on the stock with a $1.21 target price, down from $2.20. They note the company is too highly leveraged for many institutional investors to invest in and "recent forecast credibility is low".

They are expecting second-half earnings of $141 million, at the bottom of the company's own forecasts of between $140 million and $150 million. They do not expect SpeedCast to pay any dividends for the next two years, and have reduced their gross profit forecasts for 2019-20 down from $373 million to $357 million.

Meanwhile UBS's Eric Choi considers the satellite communications company a "high risk investment" that may deliver on debt repayment and earnings growth, or not.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 28 2019, 01:40 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Aug 27 2019, 01:22 PM

Updated chart - SP down another 22.12% @ $0.88/share.

Looks like Norges Bank have been shorting - collateral returned on 26/8/19

Notable short alert yesterday
QUOTE
Tue 27th Aug, 2019 3,142,408 239,741,258 1.31% 16,076,962 19.55%

https://www.shortman.com.au/stock?q=sda
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

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blacksheep
post Posted: Aug 27 2019, 01:22 PM
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In Reply To: blacksheep's post @ Jul 18 2019, 01:58 PM

SP down 25.22% currently @ $1.26 - this time last year the SP reached a high of $6.80.
2019 HY results in - https://www.asx.com.au/asxpdf/20190827/pdf/...wjthy6cq9lj.pdf
Total short positions as at 21/8/19 = 8.25%
https://www.shortman.com.au/stock?q=SDA

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
blacksheep
post Posted: Jul 18 2019, 01:58 PM
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Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Jul 3 2019, 01:00 PM

Updated chart - 5 year.

SDA now #17 on Shortman's Top 100 with 9.32%. Notable short alerts continue
QUOTE
Wed 17th Jul, 2019 3,080,667 239,741,258 1.28% 5,791,539 53.19%
Tue 16th Jul, 2019 1,444,156 239,741,258 0.60% 3,226,594 44.76%
Mon 15th Jul, 2019 2,547,314 239,741,258 1.06% 2,406,259 105.86%
Fri 12th Jul, 2019 3,105,477 239,741,258 1.29% 3,386,663 91.70%
Thu 11th Jul, 2019 1,039,888 239,741,258 0.43% 2,966,981 35.05%
Wed 10th Jul, 2019 2,910,854 239,741,258 1.21% 5,721,712 50.87%
Tue 9th Jul, 2019 2,267,579 239,741,258 0.94% 5,243,866 43.24%
Mon 8th Jul, 2019 1,696,882 239,741,258 0.70% 6,823,149 24.87%
Fri 5th Jul, 2019 2,320,794 239,741,258 0.96% 12,894,333 18.00%
Thu 4th Jul, 2019 6,592,859 239,741,258 2.75% 25,200,112 26.16%
Wed 3rd Jul, 2019 7,177,813 239,741,258 2.99% 25,908,240 27.70%
Tue 2nd Jul, 2019 6,487,648 239,741,258 2.70% 29,265,903 22.17%

https://www.shortman.com.au/stock?q=SDA
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jul 6 2019, 02:55 PM
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Posts: 7,281
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In Reply To: nipper's post @ Jul 2 2019, 08:44 PM

Will be a management thing
QUOTE
....back in favour after it announced it had shared in a $US3 billion contract from the US Department of Homeland Security. The contract will be worth around $USS600 million a year or more over five years.

“Speedcast Government is honoured to have been selected as an awardee under the TacCom II vehicle,” said Speedcast Government chief executive Moe Abutaleb. “We are committed to bringing leading-edge technologies, equipment, network, and technical services to support DHS and its end users on this important program.”

TacCom II is designed to provide federal agencies with access to the latest tools and technologies. The contract vehicle features equipment (radios, infrastructure and satellite solutions) and services (systems integration, installation, engineering, and operations and maintenance) to ensure end-to-end transmission of mission-critical data.

The equipment and services offered through the contract vehicle can be used for all types of missions including maritime, airborne and land-based,” the release said yesterday.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jul 3 2019, 01:00 PM
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Posts: 6,791
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In Reply To: nipper's post @ Jul 2 2019, 08:44 PM

Sizable short alert yesterday ......

QUOTE
Tue 2nd Jul, 2019 6,487,648 239,741,258 2.70% 29,265,903 22.17%


https://www.shortman.com.au/stock?q=SDA

Ugly chart


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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