A director at Eutelsat Communications S.A. sold 64,586,426 shares at 4.000EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last ...
We update our Eutelsat numbers to incorporate the €1.35bn equity raise and the new guidance. The equity raise mechanically lifts our target price, partly offset by the weaker operating trends implied by the near-term guidance. (We remain sceptical that the ambitious mid-term guidance is achievable.) Net, our equity price target increases to €1.2/ share (previously €1.0) and we maintain our Sell recommendation.
Yesterday Eutelsat announced their long-awaited equity raise (€1.35bn, mainly from the French shareholders) and issued new guidance for FY26 (disappointing) and FY29 (dubious). In this Quick Take, we discuss the new shareholder structure, new guidance, and new LEO revenue disclosure.
The French army yesterday announced a framework agreement with Eutelsat, including the procurement of OneWeb capacity. In this Quick Take we discuss how much revenue this contact could generate, and implications for the longer-term viability of Eutelsat’s LEO ambitions.
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