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This week should be interesting as we will find out if Currys and Carphone Warehouse join together, It they do shares will rise as the future for television and communications is convergence at the present time both companies are unable to give a full demo on convergence so a merger or agreement to work together can only be good for increased sales and profits,
Hi Southsat, In a rerun of the previous week, your forecast of 500p was again scuppered by profit taking on Friday at the recent high mark. It was illuminating to see Poundland performing well as sentiment switches away from supermarkets in today's high street trends.
It kooks luke mmy £6 by the end of the day is out if the framem however todays price makes Pace very attractive ti buy
Today most. nay all my interests are in 'sell' mode,ie more than 2 x sells than buys[vol], so checked BBC News to check 'Put in' hadn't become more intrusive, yet. Sighs of relief! Then located a Pace share volume list - 3 trades today @1559hrs, 1600 and 1602 for 2 x 2m and one 2.5 dealt at 482 - 483 = £32m. Disconcerting to find such big offloads .... is this bad news or 'business'?
More confusingly, there was +10p INCREASE in SP between 2 and close!
Total shares dealt today +9.5m, but a total of 6.75m sold post 1400 this afternoon. Did anyone see big numbers sold, as there was no corresponding increase in trades[+700 before 2, and +800 later for +1500 at close]? A typo, an unlikely vote of no confidence in Mike Inglis return to the board[see RNS], or what ? NB I may have the 'labrador' put down {:-(, or blow my nose ... aaashoo! FTSE 67 points down on the day - Pace doesn't usually follow it. IMHO
Trying to make sense of a peculiarly adverse busy trading day with sales, double the buys. Inserted late, and after trading, three large recant trades [total 515k / £3.42m], is this a growing awareness of PIC's potential? My nose is 'twitching', I 'smell' good new's, and if I'm wrong, well 'hey man', I'm laguerre, not a labrador! DYOR tho' An outside element is the ebbing FTSE, 200 points down this month - the Ukraine stalemate/Put ins overbearing indecisiveness? Any advice, beyond the time honoured, 'if you're in a hole ........ '?
Hi Soutsat, Your last week's predictions of stock price for Pace were remarkably accurate but got blown off course at the last minute by profit takers. 500p by this Friday? I watch with interest. :) For some time now, I have been watching chess.com tv following the recent world championship final that Magnus Carlsen won and many other chess shows that chess.com host. These shows allow viewer participation by means of a chat window that presenters watch live. This format is well apprieciated by viewers and in my opinion will drive growth in a much diversified home entertainment market. The home media server that Pace now supplies enables multi-user, multi-device delivery. It also must be noted that one is now receiving media content via the internet from around the world. In the British market, while we all love the BBC for the quality shows it produces from time to time, the internet and the supporting technology provided by Pace enable a much richer media offering. I am now of the opinion that the BBC license fee is unfair and does not represent value for money in today's media market.
Last message should have said Rapid mover
Hi dumbdog Yes being an engineer myself in the communications industry I'm also aware of lots of interesting things to come, Pace is one of the top three companies that are well placed to increase profits in the early stages. My estimate is that by the end of this week we shall see in excess of £5 with a rapid increase by April 2015.
Hi Southsat, The brokers are all over the place on trying to value Pace's share price. Today's news that Martha spotted for us will add to the brokers' dillema. It is clear that brokers are just reacting to events and their forward view is clouded by past events. This presented and still presents a window of opportunity for investors. I understand Laguerre's not wanting to tempt fate in suggesting the share price will top 1000p again, but two major factors between then and now is Mike Pulli and the USA. A shrewd investor in Pace who set out by investing £1,000 in 1999, who sold out in 2000 at the top of the market and then reinvested at the low point, would now be sitting on £1,000,000! Today it was announced that the UK(with or without Scotland) and Germany are to jointly develop 5G with data rate of up to 1Gb/sec! A full feature length film would be downloaded in less than 1 sec. The mind boggles at what this will achieve (beam me up Scotty!).
Marth1259hrs - Mena news, excellent find, shades of Time Warners '99 Contract. 'History could ......... ' I dare not say more. DYOR GLA 'Spat' - 'a ships Mate' comments Wiki 'P', was second in command to the Captain, with responsibilities which included the safety and security of the ship'! So 'mate', albeit in another context, is complimentary, well hardly derogatory, particularly in view of the original post! May I speak for everyone[Peers and Clergy excepted[:-)], in saying we're all 'Mates' here, in that we care for the 'safety and security of our good 'ship' PACE', and in the 'strange' environment of a 'chat board', where no one 'knows' anyone try, regardless of age, 'etc'., to remain 'friends', and really that goes for all chat notice boards, life's to short!
Dumbdog Agree management team are strong as is research and development those in it for the long term could be rewarded as its very likley that shares could rise to over £10
Apologies - I took you for a different & much younger man - presumably you meant 'happy & vivacious' then? Splendid innings anyway, old chap - all the best. Meanwhile, this looks like an exciting new deal supplying top-end products into new markets in the Middle East & Africa: http://www.pace.com/universal/news-events/press-releases/2014/bein-sports-chooses-pace-paytv-solutions/
Daltry, at your age you should be pleased to be called anything
Yes, I am really wrestling with my sexuality at 87 years old. Just don't like being called 'mate'.
If daltry is too busy wrestling with his sexuality to respond, this is how a helpful poster elsewhere summarised the FT cover: "2 mentions in the weekend FT for Pace. In the Money section under "Stock Screens - Genuine value delivers", an outright positive vote - Pace is one of 16 stocks passing the tests for this screen. In the Lex column, entitled "Set-top boxes" a more agnostic view. Basically saying that Pace has been revived from its near-death experience but still has some challenges: "Pace's believers have been rewarded. But the company must go a big step further before its status as a comeback kid is assured." I like the Lex article as a counter-weight to the Money and HL positive views - leaves the potential investor with the impression that there's still something to play for." HTH
I say my friend, I think Riddler was only being friendly. An apology maybe?
Financial Times Weekend - Sat 8 March Not a great article on the back page - Lex Column - titled " Set Top Boxes" I suppose I will get *******ed on this Chat for mentioning anything controversial…..
Hi Laguerre, you are spot on with your observations. Back in 1999 I worked in Shipley, Salts Mill, in development and under David Hood, Pace's founder. At that time business was precarious, share price was as low as 17p, but there was always the prospect that the then new 'Digibox' would take off. It did briefly and as you observed, the share price hit over 1000p. But there were always technical issues and production delays that our distribution networks found frustrating and ultimately unacceptable. Pace lost momentum. At the time management was weak and had a poor grasp of the vision of where Pace's future lay. Enter Mark Pulli and his team. So far he has met all his goals bar none and has a clear vision of the product's evolution. Aurora networks are pivatol in this respect and as you observed, enable key functionality. The battle lines in this market are drawn. Mobile phones, ipads, pcs and set top boxes as the delivery point for home entertainment. In my opinion, set top boxes will dominate this domain as the capabilities of rival products fail to match the increasingly specialised nature of this market offering. What of Pace's share price? Again, in my opinion it will make good progress over medium term. 1000p is not out of the question over 12-24 months. Mark Pulli's team must keep meeting the set goals, nothing else. I left Pace in 1999.
'Imagine high speed Internet access, video on demand, huge data volume, all through your TV without cables into your home? Pace using their set-top box as the nerve centre. are working with US networking giant, for this high-bandwidth wireless technology ..... with 20 megabits per second forecast. Pace leapt 34p to 257 - with '96 peak buyers in profit and later trough buyers gaining 900% in 18 months'. {Report dated 28 Oct 1999]. NB Two weeks later [19 Nov 99] with a Time Warner contract to supply 750k boxes, SP hit £5. Two and a half months later on 2 Feb 00, PIC was £8.34, and 3 weeks after that £10.625! .... I doubt history wilI repeat itself? GLA
Bullish comment from management with feet firmly planted on the ground realising their is more to be done. ive added.
Comment on yesterdays results by broker JP MORGAN...... http://chartattack.webs.com/pace7.JPG
Almost made my end of day prediction of £4.75 so lets see if I can estimate £5 by close on Friday