Pace Plc Share Discussion Threads

[laugher] 02/11/2017 12:03

Would be nice to see some steady trends developing in the figures. Up until now they have included surprises either up or down reminding us of the 'lumpy' days of Pace which being part of a larger and more diverse group I had hoped would have been mitigated.Things do seem to be steadying and from the transcript I got the feeling that we may be getting there. I'm not sure the Ruckus purchase is fully priced in and so when that confirms (assuming it does) I would hope we will see a bit of an uplift there.Nice to see international improving. Perhaps the Pace acquisition is beginning to feed through to the bottom line. Stuff to be quietly optimistic about I think.

[1gw] 02/11/2017 11:52

Nice trend in actuals vs estimates according to the ir site:

1Q 6% beat (40c adj eps vs 38c mean estimate)
2Q 10% beat (63c vs 57c)
3Q 16% beat (80c vs 69c)

very tempting to extrapolate 4Q against the current 79c mean estimate, or the 74c-80c guidance.

[freddie01] 02/11/2017 09:05

The Scotland Pedestr



Canyons and Hoodoos





Scuba diving in Lavertezzo, Ticino, Switzerland.





Croatia

photo via aurlie

[bashor] 02/11/2017 08:35

Thanks Andy

[andyble] 02/11/2017 07:45

Snippet - as limited by copyright :-

I'm very pleased to report that our business performed well in the third quarter, resulting in earnings well above the high end of our guidance. … had a great quarter from our Network & Cloud segment. ... improved overall gross margins for the business.
...
A few words on our set-top business. Clearly, our customers are competing in a changing competitive landscape with increasing fragmentation. And in Q3, the traditional pay-TV subscriber addition metrics in the U.S. were mostly negative. Of course, there are a variety of drivers behind this. Court (3:23) cutting or shaving is part of it as well as the storm-related disruptions.
...
... the increasing dependency on the broadband network plays to our strength and can improve profitability as we've seen this quarter. The shift of CapEx dollars from traditional pay-TV technologies to broadband increasing capacity, increasing speeds, driving fiber deeper and improving wireless coverage creates opportunities for us to grow profitably. These technology upgrade cycles are the key drivers behind our business. ... Memory cost continued to be a headwind and impacted profitability of the CPE segment.
...
We ended the third quarter with $1.413 billion of cash resources. … using a portion of this cash to fund the Ruckus acquisition.
...
In the third quarter, we repurchased 700,000 shares for about $20 million. … year-to-date, we have repurchased 5.7 million shares for $147 million.
...
... optimistic that our deal with Broadcom and Brocade to acquire the Ruckus Networks business will be approved. … This will be immediately accretive to our business, both top line and bottom line, and deliver on the multi-year growth plan … .
...
... not trying to provide guidance, per se. I think, we'll talk about that as we get into investor conference next year. ... .
...
In closing, we had a really good third quarter. I'm really pleased with the continued improvement in our profitability. We expect to continue that momentum here in the fourth quarter and are on track to achieve the full year targets that we set earlier this year.

[bashor] 01/11/2017 21:56

Under promises and over deliver over the longer term is what builds shareholder value, the city is just after getting rich quick, that puts pressure on good companies to make poor decisions

[alexmcdonald] 01/11/2017 21:09

Spurs up 3-1
Liverpool up 3-0
Man City 3-2 up
Looks like a good night for British (English) clubs in Champions League!!

[bashor] 01/11/2017 21:07

Looks solid enough

[alexmcdonald] 01/11/2017 21:06

"It's difficult to predict the 4th quarter..."! so my guess is they are playing down expectations for the 4th quarter.

[1gw] 01/11/2017 20:54

Looks like a good beat on 3Q adjusted net income vs guidance and estimates. 4Q guidance looks slightly weak on adj net income vs estimates.

[sikhthetech] 01/11/2017 20:17

Third Quarter 2017 Financial Highlights

GAAP revenues were $1.729 billion
Adjusted revenues (a non-GAAP measure) were $1.732 billion
GAAP net income was $0.47 per diluted share
Adjusted net income (a non-GAAP measure) was $0.80 per diluted share
End-of-quarter cash resources were $1.413 billion
Cash from operating activities was $116 million
Order backlog was $1.083 billion
Book-to-bill ratio was 0.86

[1gw] 01/11/2017 19:54

Don't forget results are an hour "early" tonight.

[freddie01] 01/11/2017 12:08

Nimmo Bay, British Columbia, Canada







Bellagio, Lake Como, Italy
photo via robert



Lesvos, Greece
photo via devon



Lake District, England
photo via carol



Barcelona
photo via nobuo



Mount Berry, Georgia
photo via juani

[alexmcdonald] 01/11/2017 09:42

Moody’s Has Positive Outlook on Cable
Says broadband gains will outpace video losses by at least 2:1 margin

[freddie01] 31/10/2017 08:47

Mt Ararat eruption by Sako Tchilingirian



Philippe Gauberti. Galerie in Arte Veritas



Manchester, England

photo via almadiana



Brighton Pier, England

photo via sydney



Rochdale Canal, Manchester, England

photo via sharon



Turkey.



Pendragon Castle, Cumbria, England

photo via gugliemina



Iceland by Yury Pustovoy



Rail Tunnel, Pennsylvania

[alexmcdonald] 30/10/2017 15:55

Interesting movement in the Broadcom share price during the last few trading days!!!

[alexmcdonald] 30/10/2017 10:39

Results for 3rd quarter out on Wednesday. Maybe we will learn if Ruckus is soon to be part of Arris.

[freddie01] 30/10/2017 08:33

They drive by night, Todd Antony






Tallest Sea Cliffs
In Southern Hemisphere.





Bonita familia.

[freddie01] 29/10/2017 11:21

Grecia.



Manhattan NY

[freddie01] 28/10/2017 10:27

A Forest of Blue by JakeSpain on Deviant Art



Colorado’s Mysterious Cascade Falls ~ Matt Payne



7 Minutes at St Mary’s ~ Mark Metternich



Before the sunrise from River Tenna by fabrizio massetti



crevasse moon














Japan | Photographer: Sho Shibata

[freddie01] 27/10/2017 08:46

Nice in winter scenery





Orbaneja del Castillo-Burgos



Sallent de Gallegos, Huesca, España.



Chichén Itzá, Mexico. The city was the center of Mayan civilization from A.D. 750 to 1200. The Temple of Kukulkan is the most famous monument.



Morning Mist on Echo Lake by Greg from Maine



Morning at Two Jack Lake by Carl Pan on Fivehundredpx

Banff, Alberta, Canada