Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Sad to be losing another share from my portfolio so soon after TSB. Hope there is some sort of dealing facility offered for those who don't want to be left holding New Arris shares on the Nasdaq, as I've had one too many bad experiences of holding US stocks - sod's law means that even if the company does well the $/£ exchange rate will move in the opposite direction and wipe out any profit!!. ATB.
Did the maths earlier, you haven't valued in the placement which will drop the sp. Profit taking on open me thinks so be quick.
Arris shares are trading at $37 in pre-trading - this would value the pace shares now at £4.92 37 USD = 24.72 GBP x 0.1455 (Pace for Arris shares) = £3.60 + £1.325 (Arris Cash offer) I'm waiting for the NASDAQ to open before I dump my shares!
Understandable but niaive, arris need to purchase. So a placement and cash is needed..
Most of PIC value now tied to Arris price which showed substantial increase in after hours trading last night.
Not sure why people are buying in at this price, talk about missing the boat.. The value is only 426 on current offer, would be better buying arris!
Are people buying Cash only fraction of current SP and Div only another 4.5 p ... Plus percentage of share that will trade on NASDAQ so higher trading costs from UK. Am I missing something here
Doh
Communications equipment maker's shares up about 25 pct at $38.02 in extended trading ** Arris to buy British set-top box maker Pace Plc in a $2.1 billion cash-and-stock deal ** Pace shareholders will receive 1.325 pounds ($2) in cash and 0.1455 shares of the combined company for each share held, or 4.265 pounds per Pace share ** Up to Wednesday's close, the stock had gained about 14 pct in the last 12 months
Hi Kitesurfa, Yes, an interesting article and I tend to agree with the author. The bundle-makers often have only one or two cherries to make a whole pie! Happily Pace may look to the gaming market these days to drive sales of their home networking platforms. I can only imagine that the streaming requirements for these games is going to increase and will keep the Pace and Aroura R&D laboratories busy for a long time to come.
Interesting article: http://www.macworld.com/article/2900880/killing-the-cable-bundle-wont-destroy-television.html
Historically, Pace has been super-volatile and has had near death experiences. Some investors have been burnt in the past. I can quite understand some analysts remaining cautious. Twelve months ago Pace hit 487, and the dreamers amongst us, including me, were eyeing the prospect of 1000 in the medium term. Since that time the share price has gone backwards, despite a strong 2014. The most recent spike has provided another opportunity for Shorters to pocket another 10%, and an opportunity for Mediumers to cut the losses of the past twelve months. Longers can look forward to above bond rate dividends for many years and the prospect of 1000 sometime when (still dreaming). I remain confident that Pace will continue to perform and they will become the go-to company for home networking for the global market. GLA
Personally I don't think its one broker. Just some question marks about how 'over the top' services will disrupt the cable marketplace. I still use a STB over over services as it consolidates channels behind a single UI plus the content is fresher. I think the dedicated media server/STB still has legs but how that could affect growth longer term we've yet to see. The UHD market will be interesting but the phasing in will be gradual as folks won't be in a rush to ditch their 1080HD tv's en mass. GLA DYOR cheers KS.
sell is driving this down I guess. How long and where will it stop?
5M new shares on 315M total = 1.6%, SP falls by 4.2%, good time to buy.
It's good to see that Pace is once again looking good with new things in the pipeline.
?
A P/E ratio of 12 is unsustainable for this hi-tech company with a solid growth trajectory under the auspices of Mr Pulli. A more realistic P/E ratio is 15/20, but 20/40 would be acceptable, all things considered.
I jumped out having done ok since 2011. Good numbers but moderate projections and I see this industry meeting quite a few headwinds. I listened to the call and had mixed feelings. Its still on my watch list and hope the valuation hits a more realistic intrinsic value of 400-450p. GLA DYOR Cheers KS
Pace profits bound ahead: Pay TV technology provider Pace saw shares leap after yearly results saw pretax profits up by over a third.
Our belief and analysis of this company's prowess is vindicated yet again. Time to pop the Champers!
Great set of results: "Strong performance in 2014: Adjusted EBITA up 24.5% to $241.1m, basic adjusted EPS up 43.6% to 63.6c and free cash flow of $204.0m. Dividend up 27.5% to 7.00c per share." http://www.pace.com/Documents/Investors/prelim_2015.pdf
Historically it has plus all the fundamentals are positive. The markets are highly volatile so expect the unexpected I suspect. Good luck!
Given the recent rns is Pic going to improve towards FInal reporting?