focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
. . . for specifics
dynamohum - Engine tests positive - see TRK Alliance News [via 'TRK News' this page]. Further testing in Ford car through 2016, etc.
Looking at ARRIS 5 year SP chart, the 4 Jan 16 marked the start of the decline in value from 30.40 to todays 26.16 {$ of course]. Virtually throughout 2013 the SP was below 20$, but since then it has been hovering around, occasionally rising above, but usually off 30$. ARRIS base of operations is in Georgia, one of the United States of America, and 'sits on top of' the Florida peninsula'. It was [apparently] named after one of Englands line of Georgian Honoverian Monarchs, the then current George the Second, who assumed the title in 1714 until his death in 1760. Georgia, founded in 1732 was the last of the original 13 States, and the fourth to sign the US Constitution in1788, but in 1862 opted out of the Union to became one of the seven original Confederate States . . . . losing the Civil War! Courtesy Wikipedia where there is a wealth of knowledge about the State, including that its orginal Charter as a Colony of the United Kingdom, banned slavery! Has it any bearing on the Pace/ ARRIS 'merger'? No, but those of us with an affinity for Yorkshire [home of Pace], like to know who 'we're getting into bed with'! You never know 'Home Rule for Yorkshire' may get some unexpected support, especially after hosting the opening stages of the Tour de France {:-)
On the 4th February Torotrak SP was 357.20, two week later the 18th, it had risen to 552.20. Those heady days of February 2000, when a few weeks earlier at 23hrs 59min 59secs on 31st December 1999 'everyone' held their breath, doubting the late coming World Wide Web and all it represented would survive transition into the next Century !!
Exchange rate should read $ = 69p sorry [:-(
Me too Bonz1957, my holding was split, but my dealing account has been credited PIC shares x 132.5, but not the share allocation - it still shows full 'PIC' info. NB: ARRIS, Nasdaq{ARRS}. . . . . SP Fri close was $27.32. [£18.81, @ today's e/rate $69]. Of no particular interest, historically 'this' Friday 7 Jan 2000, Pace SP dropped dramatically to 498,20, from the previous days 530. Then Monday began the terrific surge to a weekend 731.20, and by the next w/end it was 898, and Monday after, it closed at 933.50 ! Yes the price surge was not restricted to PIC, though fewer fell, for example Halifax fell 8p, Powergen fell 15p. NB Always take a profit, but choose well! With China's problems we may have to wait for an ARRIS recovery. GLA
Hi Dumbdog Thanks for the Seasons greetings. No doubt our paths will meet elsewhere on LSE in '016. Nothing fresh news wise[that I've found] regarding us the shareholders, no doubt our 'destructions' will be mailed to us in due course. Presumably Pace will keep the direction of research, employing a UK workforce 'Oop North' - it's just a name change for them I suppose rather than new masters, or am I naive? Laguerre
. . . . til the fat lady sings . . .. . . . or so I've been led to believe {:-( Cue . . 'Hark the Herald Angels Sing' . . . followed by . . . 'Hallelujah' Wishing all posters here . . . . . a healthy, wealthy and wise year ahead Posted to record todays SP
It appears that the merge/ T/O by Arris is going ahead 'taking for granted Brazils final clearance' - Pace fed up of with the S American delays?? So will it be '4.41' or todays UT value . . . . .
Has 'all' the information regarding final clearance from Brazil, cessation of trading in Pace shares and cancellation of Pace listing. . . . briefly and respectively 22 December, 1700 23 December, 0800 5 January 2016. Time waits for no man . . . . This may be the 'Last Post' . . . . good posting to you guys, good luck in the future, stay healthy, wealthy and wise! Merry Christmas and asuccessful New Year to al posters
Notes a loss due . . . to payment to the former investment manager of a £2.3m incentive fee . . . . . and still they made a loss, hardly surprising I suppose. It's a good read all in all, a lesson in how to lose money and get a fat cheque for doing it. Of course that's not what happened . . he would argue - well he would wouldn't he!!!
For those unable to find it here . . . Brazils approval is due to go final on the 19 December, still time to trade today. Hi Dumbdog - I picked up mixed messages from yuo . . 'diversify or fossilize'. . . and . . . .'Pace will continue to prosper . . . 'ad infinitum' seemingly. Suggesting from 'ur' POV, its flog BP at a loss to invest in PIC . . . . .and ARRIS . . . . after? Cos their shares aren't the 'same price' as PIC! If anyone picked up on the ref to the rapid decline of my telecom interest and 'recovery' it is +20p up, and looks set for more.
Hi Dumbdog Feet firmly Earth bound yet? Good, . . . if you're sitting comfortably, then I'll begin {:-). . . . Positive thoughts must be that travel to our orbiting rock, our postage-stamp-like, anonymous moon, [all sister planet satellites are named?], is more routine than waiting for a town bus, at least they keep to a timetable! Weirdly I'm 'into' satellites - telecom ones. No, I'm 'not' particularly advocating a specific one. A clue? I do ponder BT's strength! Wrong! A recent 'Enterprise' venture by them, rather than strengthening has 'Shipped' the partners declining sp almost into freefall!! With an eye for recovery. looking down from a space bound position in the I.S.S., how much "longer will we have to live before we prosper", and should our biblical 'talents' linger, or be PIC'ed up and spread? In the mean time I hope to get on my pushbike. Its preparation for . . . . . these WW commemorations, I thought I'd invent one . .' A 'Western Approach', Lands End, to Hellfire Corner, patrolling the English Channel', Cornwall to Kent, Might even find someone equally err . . . . to try as well! Deadline 2018, perhaps a finale day[or two] ride! Now an acronym, Lands End to John O' Groats is 'LEJOG'; Western Approach gives 'WEAP', 'WAP' = War And Peace; Cornwall to Kent - COKE. Any opinions besides 'delete'! Apologies for the latter off-topicality.
Some past month buys suggest this may be regarded as a safe place to stash £.s.d,! Why? On 18th Nov, 2m shares were bt for £103k, and again on 24th, whilst on 8th Dec .5m were bt for £25k, again on 10th - that totals £1/4m [not necessarily the same buyer]. . . but a safe place? . . . . with prospects? - that must be a first for TRK!!
It really pays to read PIC Alliance news . . . the 'only new news' item today was The US D of J approval, Everything else, as I related here very early this morning had been available on this very board in 'PIC Alliance News' since 24 November! Find it, it pays!
Hi Dumbdog I'm not really 'over the Moon', is it prophetic? 'Mankind' hasn't progressed much further [in space] since Armstrongs words! Are Pace/Arris similar? But good to see you're still growling . . . ! Quoting PIC Alliance News of '21 October' . . . yes that long ago . . . : 'Arris Gp took another step towards merging with Pace PLC . . . its shareholders approved the merger agreement'. and 'English law requires Pace hold 2 special meetings to approve the schemes arrangement'. and 'Arris has previously said it is eyeing first quarter 2016 to complete the deal for Pace . . . ' that day PIC closed 383.80 [up 0,6%] Same source on 24 November . . . Arris Gp said . . . . 'its acquisition of Pace had received anti-trust clearance in Colombia . . . . . following similar clearance in Germany, S Africa and Portugal'. and 'Completion . . . . . . remains subject to the expiration or termination of the waiting period under the US Hart-Scott-Rodino Anti Trust Improvements Act of 1976, and the satisfaction of similar merger control requirements in Brazil together with satisfaction of other customary closing conditions . . . . . '. 24 November PIC morning price down 1% 387.00 01 December closing price 404.40 What is really missing, is ANY clarifying comments from Pace management concerning the merger . . . . . could it be they don't know either! There is still reference to the too oft reported t/o figures to be repeated yet again! Anybody got a pin? Cheers PS Will it be . . . . . Happy New Year to all readers , , , , , I wonder.
to be released on 26 Nov 24 Oct Altium reduce target price from 65p to 55p . . . . . . really?
Hi Dumbdog Thanks for the update . . . . . I have a query that lies in the phraseology of the first 29 July post: I quote Arris, where the [ongoing?]shareholder 'reward's' are annotated, followed by " 'OR' 4.265 pounds per share "? Is 'OR' used as meaning 'equal', ie., the sum of the two parts of the ongoing deal 'at that time' - so would be subject to later share price changes, or 'alternative'. ie., a 'definitive' offer to those NOT taking the 'ongoing' deal, so not so subject? A later quote by the Numis analyst adds further clouding by opining, " . . . the Pace deal is now worth £4.07"? Is the proposed 'union' likely to be permanent or merely a 'temporary' tax ploy/ convenience for Arris, if the latter it might support Numis 30% view of the 'union's' non fruition? Cheers
Reuter news dated 13 July reported: Arris in April 2015 . . . . . . . . Pace shareholders will receive £1.325 [$2] in cash and 0.1455 new Arris shares for each held or 4.265 pounds per share, the companies said. and Late Friday Arris said it was impacted by various industry consolidations, and a strong dollar, and it will continue to feel the pinch in H2, and the deal which is still expected to close by Q4 2015, will help counter industry conditions, and that, "Quoting the after hours Arris price [$29.30] the Pace deal is now worth 407p", Numis analysts wrote in a note. also Numis cut TP on stock to 369p from 443p, reflecting a 30% chance of the takeover failing. NB Following original t/o announcement Arris price was 'up to a near 15 year high of $37.39'
SPK pursuing new investment strategy partnering listed 'Gresham House', currently 265.50. 1 new share for 200 existing. Open offer entitlement 1 for 1200 held, at 10% discount ie £9 per share. Full info at: 'Spark Share News' above, then click 'Spark Alliance News', then click 'Director Dealings', 2nd item.