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 06:36:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 1,681.9 112.8 30.4 12.3 1,330.48

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Date Time Title Posts
20/2/201820:56PACE: PIC a winner for HDTV, IPTV, VOIP, PVR51,091
19/2/201811:46Just Pictures2,254
06/12/201611:25how can i get pics on9
05/3/201411:31PACE: PIC a winner for HDTV, IPTV, PVR5
27/11/201109:43*** Pace ***6

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andyble: I feel that the bar was set low again, having read the last few transcripts, but the variance is at least as large so the probabilities may be similar to previous in terms of likelihood of a beat - yes - but the breadth of outcomes is a tad wider, with the share price more fragile in both directions. The holy grail news remains DRAM prices. These have continued to drift up but have since then flattened out or with rose coloured specs - always mine - might even have come off a bit or started a better trend. Falling DRAM prices could prompt a meaningful upcrash and this could be soon or a year or two away, there is no consensus. Cash generation should limit the downside and Ruckus may add excitement if it grows which is likely long term and uncertain sooner. At industry level the signs are good with growth and even cpe which nobody will ever give credit to. What do Arris mgt want - probably a little beat and caution about DRAM - which probably adds up to steady as she goes at next week's results.
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!
bashor: Alex yes it would, so far it's not turning out so well though, all that cash given to acquisitions and the share price just heads lower, Pace should have bought Arris
alexmcdonald: I just looked back at my notes from the AGM where the merger announcement was made and the Arris share price back then was around $37 per share. It would be fantastic to get back there.
alexmcdonald: Interesting movement in the Broadcom share price during the last few trading days!!!;symbol=N%5EAVGO
opmoc: I thought I had done really well about 25 years ago. I bought Pace shares for 26p, and they went up to 80p, and I sold the lot, and bought a car. They then went up to over £13, but I didn't have any... And then they went down to 13p... So I did it again. I no longer have any interest in Pace, but on one day - well it was embarrassing..I was slagging off my bank, cos they caused me to lose £500...and I hadn't even noticed the change in Pace's share price. I of course realised - all this was like monopoly money - you win some you lose some - but the most important thing to realise, is to realise that all this stuff is transient...and it is incredibly easy to go seriously negative... But no one can take the fun that our kids had travelling all over much of the world - and learning to do the most exciting things in a state of complete innocence... Even I started learning to dive - in the most beautiful place in the world. Both my kids were like fish. If you've got it -particularly when you weren't expecting it - sell you shares, maybe build an extension - and take you wife and kids and friends on holiday - several times a year. Just go for it. Don't waste it - and don't spend all your time staring at a computer screen (unless in my case - well I had to do it for my job) The Share stuff was just a distraction from the reality of getting the important stuff to work. I'm still here. I'm a Grandad now and he's upstairs in his cot. Despite everything that has gone wrong, I can't ask for more than that. My lovely wife is on her way up north to spend a few days with her mum. She will be back on Thursday. I did go to some of the AGM's and asked questions but I never had any inside information...except seeing the products under development. Tony
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!
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.
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.
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