Pace Plc Share Discussion Threads

[bashor] 27/10/2016 00:20

I don't see the call as negative at all, the after hours trading I hope will not show in full, 2017 to me with the tail winds and currency in our favour will be a plus in the end, Christmas may well be postponed but we are all well used to that

[blunderbuss] 26/10/2016 23:08

Thanks Alex.

Actually it's been Next Christmas for as long as I can remember.

Definitely Deja vu all over again :-)

[1gw] 26/10/2016 23:07

Well I thought that was pretty good really. They're guiding to a very solid year against their original (March) guidance (top end of the range revenue and $2.75-$2.79 non-GAAP eps vs $2.45-$2.60). The reality is perhaps that the analysts got a bit ahead of that in their 4Q estimates and hence I guess the after-hours shareprice drop.

But it appears the integration is done and the company has swallowed Pace and is now spitting out operating cash. Both segments appear to me from that call to be well-placed for the future.

One question on the call picked up the recent tendency to have a bit of a windfall in high-margin software licences (E6000) in 4Q and Arris' answer didn't seem to rule out this possibility, although the implication was that they couldn't actually see it yet. So if the windfall does materialise again then that would suggest to me there might be some upside on the 4Q eps guidance.

Interesting the lurch towards cpe in 3Q (i.e. higher weighting of contribution from CPE than in recent quarters) and commentary on the call about a bit of a pause in N&C as they get ready for the 2nd Gen E6000 ("Expect significant upgrade cycle as Gen 2 line cards become available..."). Also some comments about the number of new CPE products meaning CPE margins were a bit lower (as it takes a while to get the costs out of a new product), not just the balance between CPE and N&C.

So perhaps Christmas has been postponed again (it was supposed to be Christmas 2014 originally right?) but I saw no overriding reason in that call why it shouldn't arrive eventually...

[alexmcdonald] 26/10/2016 22:51

This is the first time I have heard new CEO Bruce McClelland and I am impressed with his performance tonight.
Overall the presentation was positive and the team sound really confident that they can meet and exceed guidance already out there. I am looking forward with renewed optimism for the coming 15 months.

[sikhthetech] 26/10/2016 22:11

Arris Group Inc. Q3 Income Rises 75%

Arris Group Inc. earnings at a glance:


-Earnings (Q3): $146.70 Mln. vs. $83.68 Mln. last year.
-Earnings Growth (Y-o-Y): 75.3%
-EPS (Q3): $0.77 vs. $0.56 last year.
-EPS Growth (Y-o-Y): 37.5%
-Analysts Estimate: $0.76
-Revenue (Q3): $1.73 Bln vs. $1.22 Bln last year.
-Revenue Change (Y-o-Y): 41.8%


Read more:

[bashor] 26/10/2016 22:10

I'm all ears

[bashor] 26/10/2016 21:35

Yeh Ho, I'll stay in the pub

[1gw] 26/10/2016 21:27

Looks to me like a bit of a mixed bag.

3Q revenues in line with guidance, 3Q adjusted net income at the top end of guidance, 3Q GAAP net income below guidance.

3Q adjusted net income only just above median expectation (77c vs 76c)

4Q eps guidance below expectations (68c-72c adj NI vs 72c median expectation).

Full year revenue guidance towards top end of original guidance
Full year adj eps guidance above original guidance ($2.75-$2.79 vs original $2.45-$2.60).

So it appears to me they are aiming to beat their original full-year guidance but maybe not quite match analyst expectations.

All based on very quick review so errors are possible.

[beaubleep] 26/10/2016 21:23

Doh I got it wrong, I'm currently listening to the music waiting as well.

[alexmcdonald] 26/10/2016 21:06

I have registered and waiting for the webcast to commence in 1 hour from now.

[alexmcdonald] 26/10/2016 19:41

Nostalgia is not what it used to be!!

[beaubleep] 26/10/2016 17:47

My understanding is that it's tomorrow?

[blunderbuss] 26/10/2016 17:45

Thanks all for information.

Seems there is still enough shorting to produce a pop to mid 30s

It's deja vu all over again

[bashor] 26/10/2016 17:17

Is there no conference call this evening, I can't find it?

Edit: found it Doh

[sikhthetech] 26/10/2016 16:42

so close to $30, come on push... :-)

[andyble] 26/10/2016 16:41

:-) and hoping later will be :-) :-)

[bashor] 26/10/2016 14:27

All sounds good 1gw

[1gw] 26/10/2016 12:08

Comcast 3Q results.

Looks like Comcast is continuing to head in the right direction as far as Arris is concerned:

"Cable delivered solid operating cash flow growth coupled with great customer metrics, and has now added 170,000 video subscribers over the past twelve months."

"Video Customers Increased by 32,000, the Best Third Quarter Result in 10 Years; Nearly 45% of Residential Video Customers Now Have X1

High-Speed Internet Customers Increased by 330,000, the Best Third Quarter Result in 7 Years"

[edit] plus:

"Cable Communications' capital expenditures increased 10.4% to $2.0 billion in the third quarter of 2016, reflecting a higher level of investment in scalable infrastructure to increase network capacity, increased investment in line extensions and continued spending on customer premise equipment related to the deployment of the X1 platform and wireless gateways. "

[freddie01] 26/10/2016 11:06

Levitating Realistic Cloud Speakers Which Crackle With Lightning

Design firm Richard Clarkson Studio and flotation specialists Crealev have collaborated on a joint project to manufacture levitating clouds speakers which play music





A Creatively Creepy Climb Down The Stairs And Into The Jaws of Art

Norway based street artist Skurk paints a clever anglerfish which has appropriately positioned light fixtures in its eyes and “angler” to lure people into his work.









Iridescent and Environmentally Friendly Bike Path Lights Up After

Poland has launched a stunning glow in the dark bike path, which lights up in an iridescent blue light at no cost to the environment and allows people to travel on their bikes at night without the hazards of poor lighting.





Granite Lake in the Cabinet Mts. Wilderness



Leaning Out | Original by Great Wide World Photography

Taken in British Columbia, Canada





Abandoned Elf house in Iceland





Perfectly preserved ancient roman gate in Lugo, Spain. Lugo is the only city in the world to be surrounded by completely intact Roman walls from 3rd century AD

[1gw] 26/10/2016 08:23

Short interest.

A pleasing drop in reported short interest in the first half of October, starting to reverse the recent build in shorts. Still plenty to go:

14/10: 4.6m shares
30/09: 5.6m
15/09: 5.2m
31/08: 4.3m
15/08: 4.9m
29/07: 6.3m
15/07: 7.3m
30/06: 6.1m

[alexmcdonald] 25/10/2016 15:28

Thanks 1gw - I was pretty close then with my calculation of $30.59. It's all down to the exchange rate at time of calculation!!! If it reaches $31.00 then we are pretty sure to have hit it so looking forward to tomorrow!!

[1gw] 25/10/2016 15:22

Alex - at £1=$1.2087 and Arris = $30.02 I reckon we're at £4.94-equivalent.
At the same xrate I reckon we need Arris at about $30.53 for £5.

[alexmcdonald] 25/10/2016 14:51

1gw - what do you calculate the £5 - equivalent level to be??