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PIC PACE Looks very cheap to me PIC. Just look at the forward P/E to year ending 2013 and then compare it with the Historic P/E for 2011........ 22.14 V 9.01 DERD CHEAP and plenty more increase to come here. PEG for 2013 just 0.25. INVESTMENT RATIOS 2011 (A) 2012 (E) 2013 (E) EBITDA £110.68m £121.64m £138.36m EBIT £56.17m £91.36m £104.96m Dividend Yield 0.93% 1.03% 1.15% Dividend Cover 4.86x 7.94x 9.65x PER 22.14x 12.24x 9.01x PEG -0.43f 0.15f 0.25f Net Asset Value PS -42.27p 95.50p 120.97p Hemscott Premium.
GLM. I sold out on Friday when PIC reached my TP. It is good to hold a few AIM atocks but my advice would be to top slice and derisk.
given the sells are greater than the buys, what would be prompting the sp rising?
Thanks for that i'll check it out. Looking hard for some boring but relatively safe stocks at the moment. Currently too heavy in AIM but doing pretty good with SXX, BAO & TYM but need to reduce risk exposure
Well done. You seem to have your PIC strategy worked out. Personally, I will be selling at 230P. I do not deal in TA but I envisage some resistance crossing this threshold. If you like PIC then have a look at IMG as a mid-long term holding. It is is one of those shares that you buy and forget. It should crossed back over 500P so buy on the next dip for a quick 10%. All IMO :))
Pace: Exane BNP moves target price from 205p to 230p and downgrades to neutral.
Apparently they have shorted +4% of the share, if they have to start reducing this it should see the price shoot higher, its a shame there is still debt for the company to pay off as a nice specail divi would have given them some focus to remove the short!
Been a cracking share for me, bought last year and sold ay +68%, I was getting uneasy about the Google deal. When that didn't come off I bought back in Jan 4th now showing +19%. My current plan is to sell at £2.60 but total review first
give me 5% today ...
shaping up nicely today ... stream of gradual buys ...
Barclays Capital Reaffirms Equalweight Rating on Pace plc (PIC) January 14th, 2013 - 0 comments - Filed Under - by Patrick Bannon Pace plc (LON: PIC)‘s stock had its “equalweight” rating restated by analysts at Barclays Capital in a research report issued to clients and investors on Monday. They currently have a $3.15 (195 GBX) price target on the stock. Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Pace plc in a research note to investors on Thursday. They now have a $3.67 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Pace plc in a research note to investors on Monday, November 12th. They now have a $3.66 price target on the stock. Shares of Pace plc opened at 205.915 on Monday. Pace plc has a one year low of GBX 68.00 and a one year high of GBX 206.10. The stock’s 50-day moving average is currently GBX 166.7. The company’s market cap is £617.7 million. Pace plc is engaged in the development, design and distribution of technologies and products for managed subscription television, telephony and broadband services and the provision of engineering design, and software applications to its set-top boxes (STB) and gateway customers. http://www.dailypolitical.com/finance/stock-market/barclays-capital-reaffirms-equalweight-rating-on-pace-plc-pic.htm
Sea of Blue but not much change with respect to the SP :((
... and this from Friday: The transformation of Pace, under the new management team led by Allan Leighton, the chairman, has been truly remarkable. The shares were the second-best performer in the FTSE 350 last year. The news flow of late has been negative however — the company lost the contract to supply the much-delayed YouView TV service and an attempt to take over Google’s own set-top box maker Motorola Home late last year. But the other view is that these are positive developments. The YouView contract was of marginal profitability, at best. Pace refused to pay over the odds for Motorola, leaving this to Arris, of the United States. Not only that but, as can be gleaned from the company´s trading statement yesterday, the company´s current cash-flow means that it could be debt free by the end of the year, after which it could either reinvest those funds or return them to investors. The shares sell on about eight times this year’s earnings. That still looks like good value, though some might care to take some profits, The Times´s Tempus adds. Digital Look
Should get a good rise today on the back of this .... Once a month Onefreesharetip.com sends out a weekend spreadbet idea combining technical analysis from Zak Mir and fundamental analysis from Tom Winnifrith – the best of both worlds. This month PIC has been tipped as follows: Pace Micro: Buy at 205.5p and at up To 210p. Stop Loss 189p Target 260p The two year daily price chart of Pace Micro is one of the more dramatic within the FTSE 250 Index – even more dramatic than some of the resources plays. This is said on the basis that the extended collapse for the stock for 2011 and much of 2012 with gaps to the downside gave every impression of a market heading for a painful and possibly even terminal destination. However, the break of former March 95p resistance in June confirmed the turnaround above the key 200 day moving average then at 82p, and it is has been up, up and away almost continuously ever since. Indeed, what was noticeable for H2 2012 is the way that support for Pace kept coming in at and just below the 50 day moving average currently at 184p, with the implication that while this technical feature is still rising we should be treated to further upside. On a measured move target calculation we should be looking for a second leg of the 100p rally from April to September, with the implication being we shall see another 100p of upside from October’s 160p support zone up to 260p during the next 2-3 months. The stop loss of 189p is derived from the floor of last year’s uptrend channel currently at this level.
Todays Broker snaps.......so far. Pace Broker Views Date Broker Recommendation Price Old target price New target price Notes 10 Jan Canaccord Genuity Buy 198.25 228.00 233.00 Retains 10 Jan Espirito Santo Execution Noble Buy 198.25 235.00 260.00 Reiterates 10 Jan Peel Hunt Buy 198.25 250.00 250.00 Retains N@P Building Society.
PIC PACE Broker BUY support for PIC.... Date Company Name Broker Rec. Price Old target price New target price Notes 21 Dec Pace PLC Canaccord Genuity Buy 190.30 150.00 228.00 Upgrades 21 Dec Pace PLC Peel Hunt Buy 190.30 - 250.00 Retains 11 Dec Pace PLC Espirito Santo Execution Noble Buy 190.30 235.00 235.00 Reiterates 03 Dec Pace PLC JP Morgan Cazenove Overweight 190.30 216.00 - Retains 14 Nov Pace PLC Peel Hunt Buy 190.30 200.00 250.00 Retains 06 Nov Pace PLC JP Morgan Cazenove Overweight 190.30 134.00 205.00 Retains 16 Oct Pace PLC Exane BNP Paribas Outperform 190.30 160.00 205.00 Retains
TV decoder maker Pace, which was suspended from trading last week pending the potential 'reverse takeover' of Google's Motorola Home business, has said that it was unable to reach an agreement with the US search engine giant. "Accordingly, Pace has contacted the Financial Services Authority to request that the suspension of its securities from the Official List is lifted without delay. Pace expects the suspension to be lifted shortly," the firm said. Pace said on December 10th that discussions with Google were at a preliminary stage but, seeing as though the potential purchase would be regarded as a "reverse takeover" under the UK Listing Rules given its size relative to Pace, the shares were suspended. "We viewed the potential acquisition of Google's Motorola Home business as an opportunity to accelerate our stated strategy, but only if real shareholder value could be delivered," said Pace's Chief Executive Officer Mike Pulli. "Although we had the support of our major shareholders and committed facilities, we could not reach an appropriate conclusion to the potential transaction."
Pace PLC Potential acquisition of Google's Motorola Home RNS Number : 9947T Pace PLC 20 December 2012  Pace plc Statement re potential acquisition of Google's Motorola Home business Pace plc ("Pace" or "the Company") notes the announcement from Google that it has reached agreement to sell its Motorola Home business. The Company was unable to reach an agreement with Google on terms that the Board believes would have been in the interests of Pace's shareholders. Accordingly, Pace has contacted the Financial Services Authority to request that the suspension of its securities from the Official List is lifted without delay. Pace expects the suspension to be lifted shortly. Mike Pulli, Chief Executive Officer of Pace, said: "We have made significant progress in developing our business over the past 12 months by being relentless in pursuing the strategy we announced in November 2011. That strategy is to transform our core economics, build on our position as the global leader in PayTV hardware and widen out our business into software, services and integrated solutions. We viewed the potential acquisition of Google's Motorola Home business as an opportunity to accelerate our stated strategy, but only if real shareholder value could be delivered. Although we had the support of our major shareholders and committed facilities, we could not reach an appropriate conclusion to the potential transaction. We remain confident in our 2012 financial results as recently stated in our Interim Management Statement on 14 November. We look forward to making a Trading Update to the market on 10 January to provide further detail of the progress we have made during the year, and continue to be encouraged about our prospects for the future."
PIC PACE Just a re-cap on brokers with buy notes out and their SP targets..... Date Company Name Broker Rec. Price Old target price New target price Notes 12 Dec Pace PLC Peel Hunt Buy 188.05 250.00 - Retains 11 Dec Pace PLC Espirito Santo Execution Noble Buy 188.05 235.00 235.00 Reiterates Reiterates 03 Dec Pace PLC JP Morgan Cazenove Overweight 188.05 216.00 - Retains 14 Nov Pace PLC Canaccord Genuity Buy 188.05 205.00 228.00 Retains 14 Nov Pace PLC Peel Hunt Buy 188.05 200.00 250.00 Retains N@P Building Society.
how long can AKO hang on to 4.12% short sells?
Jefferies - Buy - 230p target.
Just posted on twitter..... razer ‏@SharesMagSteve More @Pace. 14 Nov @Canaccord BUY P/T 228p on more cost cuts.
Canaccord Genuity reiterated its "sell" stance on Pace (PIC), the satellite technology company, with a target price of 150p. The broker believes that the potential acquisition of Google's Motorola Home division in a reverse takeover would need to be financed with an "eye-watering" amount of debt. It added that any agreement would treble the exposure of the threat that its residential set-top box will become obsolete over the next 5-10 years
TV decoder maker Pace has made an indicative proposal to Google for the acquisition of its Motorola Home business and suspended its ordinary shares. In a statement issued by Pace, the company said that discussions with Google were at a preliminary stage and there was no certainty as to whether any agreement regarding any transaction would be reached. The company further confirmed that the potential acquisition of Google's Motorola Home business would be classified as a "reverse takeover" under the UK Listing Rules given its size relative to Pace. As a result, the ordinary shares of Pace were suspended from trading as of Monday afternoon. Pace stated that the shares would recommence trading either on sufficient information of any potential transaction being provided publicly to shareholders or on the release of an announcement confirming that Pace is no longer in discussions with Google regarding the potential acquisition of the Motorola Home business. Pace confirmed that it continued to deliver on its strategic plan as outlined in November 2011. In its third quarter trading update released on November 14th, the company outlined that it was expecting final year 2012 revenues to be flat on final year 2011 with 2% underlying growth before the impact of HDD [High Definition displays] supply disruption) with increased operating margins of greater than 7%. Pace's share price was down 3.39% to 185p before suspension on Monday.
I wonder what our shorters will think of this ?