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Satellite Solutions

May 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SAT
  • Price:
  • 8.5p
With all the new acquisition accounting requirements it must have been a complete pain in the behind for the accountants to compile Satellite’s results for the year to November, a period that included six acquisitions. These showed sales tripling to £21.5m. Before £2.3m of deal related costs, it made a pretax loss of £1.8m.Most of the income was recurring from its monthly broadband subscriptions from its 79k users (split 29.2k Australia; 12.6k Norway; 11.8k UK; 11.8k France and RoW). SAT reported organic growth of 11.7%, which is stated on the assumption that all the businesses had been owned for both periods – but I suspect growth is mostly down to Skymesh. Post the period end, it has concluded three ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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