Retail Shareholders Wiped Out As Part Of Speedcast Restructure
Existing shareholders in collapsed satellite group, Speedcast International will be wiped out in a deal that could see the company emerge from bankruptcy early next year.
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Virus Turmoil: Oil Search, Flight Centre, Qantas, Kathmandu, REA Group, Ramsay Health, Aristocrat
Yesterday saw a host of downgrades and other poor news from ASX companies of all sizes – all understandable in the current terrible investment climate as the combination of the coronavirus pandemic and the idiotic price war in oil between Russia and Saudi Arabia wreck market confidence and share price.
Read More“Unsustainable”: S&P Downgrade Adds To Speedcast Woes
More problems for troubled satellite broadband provider Speedcast with ratings group, S&P downgrading Speedcast’s credit rating a day after the company asked for an extension of its trading halt to February 27.
Read MoreNo Transmission: Speedcast Extends Trading Halt
Things must be worse than we know at embattled satellite broadband provider Speedcast after it yesterday extended its trading suspension until February 27, or the release of the company board’s review of “all elements of the preliminary FY19 result.”
Read MoreSpeedcast CEO Departs As Directors Unwind Acquisition Spree
For the best part of half a year now, satellite broadband group, Speedcast has been on the suspicion list after a series of shock and surprising downgrades drive now it seems by an acquisitions regime that has gone wrong.
Read MoreSpeedcast Regains Transmission After US Contract Win
It’s been a rough old week for SpeedCast – there was the profit downgrade on Tuesday and sell off that extended into Wednesday and then yesterday the company was back in favour.
Read MoreMore Speed Bumps As Speedcast Downgrades Again
For the second time in 10 months, Speedcast International shares have fallen sharply in the wake of a profit downgrade.
Read MoreASX Satellite Plays That Are Out Of This World
Building and launching satellites has never been cheaper and easier, spurring a constellation of ASX-listed satellite plays
Read MoreSatellite Stocks Shooting For The Stars
Two ASX-listed satellite plays are striving to reach for the stars, but to succeed they need to convince investors that a previous high-profile failure in the sector was an aberration
Read MoreSatellite Operator Speedcast Crashes Back To Earth
Shares in satellite operator SpeedCast plunged yesterday, losing more than 30% of their value after directors revealed it would spend $US135 million buying Globecomm and provided weaker than guidance for the 2018 financial year ending December 31.
Read MoreSatellite Can Make A Good Core
After the NewSat debacle, Australian investors could be forgiven for being leery of the word “satellite.” But the stock market is a Darwinian environment, and the lurid collapse of NewSat Limited last year was a great opportunity for global satellite communications service provider SpeedCast International (SDA) to pick over the carcase of its fallen rival.
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