Share Name Share Symbol Market Type Share ISIN Share Description
Pace LSE:PIC London Ordinary Share GB0006672785 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 415.40p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 1,681.9 112.8 30.4 11.0 1,330.48

Pace Plc (PIC) Latest News

Pace Plc News

Date Time Source Headline
15/2/201614:48PRNUSPR Newswire - Service Test Notice
More Pace Plc News
Pace Plc Takeover Rumours

Pace Plc (PIC) Share Charts

1 Year Pace Plc Chart

1 Year Pace Plc Chart

1 Month Pace Plc Chart

1 Month Pace Plc Chart

Intraday Pace Plc Chart

Intraday Pace Plc Chart

Pace Plc (PIC) Discussions and Chat

Pace Plc Forums and Chat

Date Time Title Posts
23/1/201709:42Just Pictures1,810.00
18/1/201716:13PACE: PIC a winner for HDTV, IPTV, VOIP, PVR50,465.00
06/12/201611:25how can i get pics on9.00
05/3/201411:31PACE: PIC a winner for HDTV, IPTV, PVR5.00
27/11/201109:43*** Pace ***6.00

Add a New Thread

Pace Plc (PIC) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Pace Plc trades in real-time

Pace Plc (PIC) Top Chat Posts

mbhesms: Following up @Lauger's post Link: hTtp:// Headline: ARRIS AND INTEL SECURITY COLLABORATE TO DELIVER WHOLE HOME CYBERSECURITY Link: hTtp:// Headline: ARRIS Announces Industry's First Gateways with McAfee® Secure Home Platform by Intel™ Security Summary: The SURFboard SBG7580-AC gateway combines a DOCSIS 3.0 modem, 802.11AC Wi-Fi and 4-Port Gigabit Ethernet. McAfee Secure Home Platform offers real-time alerts about new connected devices entering the home,device identification, parental controls, access controls for users (schedules and other restrictions). A simple-to-use mobile app will allow for convenient customization. Commentary: So far this sounds like a more polished and user friendly version of the the kind of firewall / parental controls / email alerts you will get in a modern home modem/router like a Fritzbox. One interesting thing is where they say "ARRIS will announce pricing for McAfee Secure Home Internet at launch" which suggest they may be trying out a subscription service to continue earning money from their products after selling the hardware. Being an Intel product this may be tied to the use of Intel hardware by Arris. So will customers buy an Arris modem because of this feature, or will network operators buy Arris so they can sell on this feature, and will customers pay for the app and any subscription services. It doesn't feel to me that this announcement is significant enough to boost the share price.
1gw: In my defence.... ....I would say the point I was making the other day was that the share price tends to move quite quickly between 50c markers ($29 to $29.50 for example) and that having got through the $29.50 one the next target was $30 which I thought might need a bit of "oomph". If you look at the Arris International share price history in the chart above you can see it started life (at the start of this calendar year) at just over $30. It soon dropped below $30, flirted with $20 and hasn't yet made it back above $30 on a closing basis. So I imagine that a fair number of shareholders who held all the way down might have decided that they will sell some of their holding if it ever gets back near $30 again (a bigger "psychological" mark perhaps than £4 or £5 was for Pace). This (predicted) selling pressure is what needs "oomph" to overcome (in my opinion). Without tempting fate by suggesting that we're going to crack through $30 tomorrow, I will repeat the question I posed before. IF we do break through $30, what then (in the absence of market-moving news)? Is it reasonable to think that if this (predicted) selling pressure around $30 can be overcome then the share price could make quite substantial further gains (without news) as the weight of momentum buying becomes the dominant factor? Myself, I have a "psychological" mark at the equivalent of £5 for Pace, but I doubt there are enough of us carrying that particular level to cause much resistance at whatever the Arris equivalent $ price turns out to be on the day. Go on, take your best shots!
1gw: Yes and in fact on Wednesday October 26th (3Q results day), 2.4m shares were traded and the share price finished at $29.53. So I think the computer may have got its wires crossed with that article. Still, it stops me talking about today's share price. Oops!
1carus: Blunder... very difficult to time the highs particularly over several years. Given enough time there might be a new highs but it diminishes your return as you wait for them. I believe the share has more legs but realise there is more money to be made elsewhere. My problem has been ending up with a relatively large value of these outside of an ISA, taking several tax years to bleed out the profits efficiently. Nice problem to have though. My colleagues and Apple die-hards were warning me of cloud and cord cutting almost a decade ago which I believe did have an undue effect on PIC share price and still hasn't really impacted STB's although the role of the box is changing. That said, I am not smart enough to predict the forward path of the industry ... it may have to deal from a lot of pressure through online services within a few years or not. Asian markets might open up at a faster rate and be a game changer. I will probably keep a small holding just out of interest, but by this time next year I too will be out of PIC/Arris. ( Rate of change is increasing and that makes things less predictable)
1gw: mbhesms - that first article is not one of the best in terms of trying to put a story round a few numbers. But at its heart it's just picking up on the latest Zacks rating and as you say looking at the trend of analyst recommendations. Zacks is very much a short-term system. Their own site linked below describes the Zacks rating as "our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months". I've commented on the past here how quickly it can swing from "strong buy" (e.g. 29th Feb) to "strong sell (e.g. 21st March) without any obviously game-changing news in the meantime. In this way it is different from most of the analyst recommendations we see (e.g. RBC, Jefferies, Needham & Co) reported on somewhere like the marketbeat site or in aggregate on Arris' own site which I believe in general are making recommendations over a 1-year or 2-year timeframe based much more on fundamentals than momentum and other short-term considerations. hTtps:// The optionmonster site is also aimed at traders / short-term investors I think. There's a trader who talks regularly on CNBC about "unusual activity" he has spotted in options trading - he is looking for this as an indication that either someone knows something or someone is sufficiently confident of their own analysis to take a big position on a short-term basis - and he will often "follow the money" i.e. take out an aligned position himself hoping to benefit when the share price moves in favour of the options position. But he does so with a timeframe of days and with a clear stop loss. In terms of the specific positions the optionMonster piece is talking about, it is suggesting an investor cashed out 2500 August 22.50 call options (each call is the right to buy 100 Arris shares at $22.50 each I think) at $4.50 and $4.60 (raising about $1.1m I think: 2500x100x$4.55 say) and re-invested in 5000 November 27.50 calls at $1.65 each, costing $0.8m (5000x100x$1.65). Although it appears the investor took some money off the table, the position in Arris is still doubled and each $1 move in the share price should move the value of the position by about $0.5m (i.e. 5000x100x$1). You can see what appears to be a table of all open positions on the Nasdaq site linked below (I chose the "out of the money" list, but you can also specify "in the money" or "near the money"). hTtp://
1gw: I agree it's a useful indicator because it's easy to calculate and I follow it myself principally to get a feel for the relative discount priced in at any time. When it gets towards 5% it feels a bit narrow (relative to recent history) and when it widens to 8% it feels like there might be room for it to narrow again. But it's not a good indicator (in my opinion) of what the Pace share price would be if Arris suddenly announced that they had got DOJ approval. I would expect the Pace share price at that time to jump considerably above the calculated number using the pre-announcement Arris share price because the Arris share price would also jump on the announcement.
1gw: Andyble - "not too sure it would work like that"? Meaning you don't think the shares subject to a TRS would count as "shares on loan"? Here's another link which asserts that "Typically, the TR Payer retains the servicing and voting rights to the underlying asset, although occasionally certain rights may be passed through to the TR Receiver under the terms of the swap." So it's unclear! So let's say A owns the Pace shares and enters into a TRS with a 1 year term with B and that the merger vote occurs during the period of the swap. If B has the voting rights then B should vote the way B believes is most likely to produce a short-term share price gain - presumably for the merger. I think A would also be likely to vote for the merger if A believed that the merger would be beneficial for the share price in the longer term (i.e. starting with the time that the swap ends). The only way it would be logical for A to vote against the merger (assuming A believes the merger is good in the longer term) is if A believes a short-term share price fall following merger rejection (to which A is indifferent because of the swap) would lead to greater share price gains at the end of the swap than if the merger vote was passed. But that's a really difficult market-timing call to make. There's a further link below which gives the following example: "Suppose a bank holds a large portion of the stock of a company. The bank wants to reduce the risk of holding the stock without selling it. It then enters into a total return equity swap with an investor." It seems to me this is a credible scenario here. Those institutions which have built a position in Pace and believe in the long-term prospects, but are nervous about short-term price movements given the merger uncertainty, are perfect candidates to supply the shares to investors speculating shorter-term, particularly after the initial price spike. hTtp:// hTtp://
corrientes: Thanks lgw. With the declining value of what is mostly a paper offer, waiting a further 3 months is not something to be happy about. If there is no improvement in the PIC share price, and it could equally deteriorate further, the company will have to be VERY informative as to why the merger makes sense. The Market may well put the kibosh on this anyway. In that case, I would like to see substantial dividend increases in this cash generative business if their results over the next few years continue to be positive. At least a higher yield would compensate for a continually discounted share price.
corrientes: The dollar has declined about 4% against sterling since the announcement.I still think that this incessant downward movement in the PIC share price, now 7.5% since the closing price on 23 April, most odd. Don't know the Arris price change over that period.
1gw: Merger completion risking and unrisked Pace share price I think the Zacks downgrade, while odd in that it doesn't say anything about the Pace merger, is maybe indicative of some disappointment with the Arris 1Q results and some concern about Arris' competitive position following Cisco's launch of its CCAP product. If I go back to my "ready reckoner" and say that this new information merits a 10% reduction in the "Arris failure" price - i.e. I assume that if the merger fails, the Arris price returns to 10% below its level just before the merger announcement, and I keep the Pace failure price at the level I assumed before (it's pre-merger price adjusted for the exchange rate), then I get the following (using the Arris and Pace actual prices and exchange rate at around the UK close yesterday): NA = $37.53, R=37%, Pace unrisked = £4.80 If I instead assume the Arris failure price is reduced by just 5% I get: NA=$35.94, R=30%, Pace unrisked = £4.66 Where NA is the implied price of a New Arris share with no merger risk, R is the implied risk of the merger failing and Pace unrisked is the implied price of a Pace share with no merger risk. As a reminder, I am using simultaneous equations involving the current Arris and Pace prices, the current exchange rate, the unknown values of R and NA and the assumed Arris and Pace prices if the merger fails to deduce the values of NA and R (and hence the unrisked Pace share price). So these results suggest that the implied risk of failure has reduced (previously I was getting about 50% risk of failure), but that the implied unrisked price of a Pace share has also come down, from the level of just over £5 that seemed to be implied before. Note, if you ignore the implied merger risk in the current Arris share price and go with the simpler merger formula price (Pace price = 1.325 + 0.1455 x Arris price / xrate), you get a theoretical Pace price of around 4.45, which means the actual price (at yesterday close) of 4.21 is now only a 5% discount to this theoretical price, which again is a narrowing compared to where it was earlier. The implied risk of failure coming down (or the "discount" reducing) I think is in part a result of the arbitrage positions that have been built (short Arris / long Pace) since the merger, which have pushed down the Arris price relative to the Pace price. Apologies if this seems somewhat arbitrary and over-complex. This is my opinion only, offered to provoke discussion. Please do your own research.
Pace Plc share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20170124 05:06:52