Share Name Share Symbol Market Type Share ISIN Share Description
Pace LSE:PIC London Ordinary Share GB0006672785 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 415.40 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 1,681.88 112.79 30.43 11.5 1,330
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
10/12/201909:01Just Pictures2,775
08/11/201908:12PACE: PIC a winner for HDTV, IPTV, VOIP, PVR51,623
18/10/201800:09how can i get pics on10
05/3/201411:31PACE: PIC a winner for HDTV, IPTV, PVR5
27/11/201109:43*** Pace ***6

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Pace Plc (PIC) Top Chat Posts

the aardvark1: Can someone advise me why the current share price is $30.69 when the agreed sale price is $31.75. After years of the pace roller coaster I am ready to wait a bit longer before I sell but concerned about the FOREX side of things. The $1 difference confuses me (apologies in advance if I am showing ignorance here)
andyble: I presume that people being plural meant they had checked their source with another. Bizarre too is the share price movements since. First they seemed tied then Arris broke up and now they seem to be gravitating to the same price. I think that results day next week must be the limit of the time horizon here for some comment. Does Comm report before trading and ARRS after. I am inclined to think there is something in it but will only stick around if Arris management take over. I still think 1 for 1 plus $8.
andyble: Arris and CommScope share price movements are now pretty much glued together and with long/short plays but it is clear it seems that the market does not expect it to happen even if the talks are real. I guess it would be difficult for this uncertainty to run past the results days and other interested parties would know to raise a flag around then too so a couple of weeks of exciting viewing. Edit - no sooner had I posted this and the tandem movements broke with Arris breaking ranks and up - what is this telling us!
alexmcdonald: Currently sitting at nearly $26. Surely there should be some explanation from the Board as to why the share price has jumped circa $4.
alexmcdonald: Waggle - next year may be the year when things happen. What things you may ask? I think we will definitely see sales growth, better margins because silicon costs will drop slightly, so we should start to see an increase in profits too. Some forecasts for the share price towards the end of 2019 indicate that some brokers are predicting around $65 but only time will tell!!! I stopped predicting Christmas 4 years ago!!!
andyble: (These numbers are enormous and I understand larger than suggested previously. The logic is that cash buying own stock achieves a superior return than on deposit or some acquisitions or dividends, and in the case of Arris disproportionately positive because the share price is so low and given that the cash revenues are likely to continue, the outcome being the likes of generating free money by way of reducing the shares in issue very cheaply, all very clever but real until the share price adjusts up to rebalance or it is acquired at a premium so a win for continuing shareholders.) SUWANEE, Ga., Aug. 29, 2018 /PRNewswire/ -- ARRIS International plc ("ARRIS") today provided additional information regarding its capital allocation and return plan ... The Company's plan includes: Intending to allocate at least two thirds of free cash flow going forward to share repurchases, subject to industry, market and other conditions; Expanding share repurchase authority from the approximately $350 million available as of August 1, 2018 to $725 million; and Reaffirming targeted minimum of $400 million of share repurchases in 2018 $500 million available for additional repurchases after $400 million of repurchases in 2018 under increased authorization. "Our capital allocation and return plan reflects the confidence we have in our business plan and the strength of our balance sheet, as well as our belief that our stock remains undervalued," said Bruce McClelland, CEO. "We continue to assess focused and accretive M&A as well as our business portfolio with a view to driving long-term shareholder value creation."
naed: I joined Arris having held pic shares. I’m in deepest darkest Africa working so I don’t get to see too much of what’s going on. Arris apear to take over various companies and projects..... will there ever be a divi? Share price has very little growth
andyble: It is interesting to look through what has just happened, like we used to in the Pace days when events like this were almost expected and as surreal though making an education in the makings of the market. All Arris have really said is that there is an issue with memory prices, which we can see illustrated at and that there is no visibility in such and so the variance in earnings. We are talking here on the scale of one year's growth or $0.30 earnings. If these prices are a permanent change then it is worth 10% off the share price, if a one year event then $0.30. The numbers speak is also still pre Ruckus and so the loss of one year's loss of growth as a one off or long term is by chance what Ruckus should add on, which may also grow at an even faster rate. The upsum of all of this is that with Ruckus which remember was bought for cash the earnings should still rise in 2018+ even with the memory costs issue, which may actually be a short term issue. Also relevant and perhaps more so is what happens to memory costs next. Some say that they will crash, other perhaps that bitcoin mining will keep them high. Common sense suggests that they will return to a balanced supply-demand price according to how soon extra factories can be brought on line; eg from next year. What happened last time Arris had an issue like this with parts - when the prices fell it substantially pushed earnings up - and the share price. In other words the real message we just received is that hey guys with Ruckus we should now see earnings per share rise still into 2018 but then watch the memory costs issue reverse out into the equivalent turn around in the numbers to follow when these costs settle again as they do. Putting aside then the prospects for all this to reverse out positively, the short term position contributing to the short positions is no more than blowing the froth off the growth story whereas the share price fall suggests doom and gloom. So much is behind Arris now which was holding the price back and all this is now is a momentum juggernaut taking the chart and value into oversold territory. What happens next - well our Pace experiences tell us anything can happen to the share price whatever the fundamentals are - but objectively this is just market noise and casting light on how this could eventually flip. Cheap as chips comes to mind. Perhaps AVGO should have a go!
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)
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.
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