Last week’s SES results and subsequent analysts call with the satellite operator have now been examined in some detail. One analyst from investment bank BNP Paribas has digested the slew of information and explains why the full-year numbers turned out to be ahead of consensus. The end result from Sami Kassab is to reaffirm its […]

Analysts at investment bank BNP Paribas have issued their thoughts on satellite operator Eutelsat’s current predicament and have advised clients that their rating on the Paris-based business is ‘underperform’ as far as shareholders are concerned. But worse, in that the bank’s Sami Kassab, in the past a supporter of satellite stocks, has issued a target […]

Investment bank BNP Paribas, in a major study of Europe’s media and media-related activity, has also looked at the wider satellite sector. Analyst Sami Kassab said that satellite operators’ shares had a mixed performance in 2024. That comment might be seen as an understatement. “Incumbent satellite operators (Viasat, Eutelsat, SES, Iridium) have continued to see […]

A report from analysts at investment bank BNP Paribas on Canal+ says the broadcaster is now on a “super aggregation” strategy. Its share price, since its debut on the London Stock Exchange on December 16th 2024, has been in a depressed state. Currently (January 8th) its shares are trading down 4.6 per cent at £2. […]

November 7th saw satellite operator SES present its latest set of numbers. By and large the all-important analysts thought they were solid, and there was an initial uptick with share prices jumping from €3.50 to €3.81. But within a few hours that optimism had vanished and SES suffered the ignomany of falling to a 52-week […]

Sami Kassab, an equity analyst at investment bank BNP/Paribas, summed up the latest (Q3 and year-to-date) revenue numbers from satellite operator SES and describing them as “solid… and ahead of consensus”. His comments were made despite the ever-declining income from SES’s once-vital Video division. But even in Video there was an improvement (-3 per cent […]

One commentator called the award of the IRIS² contract to the SpaceRISE consortium comprising Eutelsat, SES and Hispasat and showing “a sign of life, at last, for Europe’s satellite internet” and adding that Europe’s nations did not want to remain “beholden to Starlink or other networks”. Those sentiments may be true, but hard-headed bankers such […]

SES says it will pay shareholders its 25c dividend later in October. The news coincided with a report from investment bank BNP/Paribas and while it does not reveal a great deal of ‘new’ news, it has some very interesting extra elements. The report, from the bank’s Sami Kassab, notes that SES recently won a large […]

SES declared its H1 2024 results on August 1st. At first, the banks’ responses seemed content. For example, Sami Kassab, an analyst at BNP/Paribas talked about “in line” revenue growth (-4 per cent), although admitted that SES Video division did a bit worse. But as the day unfolded, it was clear that the market was […]

In a surprise announcement, SES has announced it is buying rival Intelsat with a cash payment of $3.1 billion (€2.9bn). In a press statement, SES said: “The combination will create a stronger multi-orbit operator with greater coverage, improved resiliency, expanded suite of solutions, enhanced resources to profitably invest in innovation, and benefit from the collective […]