Is Pace Micro never going to rise above 65p?

I hope so! Like other I bought a lot of shares when they were 'on top!' With all the set top boxes being made and contracts with other companies, I sincerely hope so.......

Grateful if someone would explain to me what is meant by "Price Monitoring Extension activated on this security" - Has been registered twice since end of play to-day.

Help Help - see previous post.

Oakapples, it's a pretty technical thing, to do with the way a closing price is established for securities traded on SETS, and you can safely ignore it. What it means is that the closing auction did not succeed (there were not enough entries to allow a closing price to be calculated), and therefore the auction period is being extended. That can happen twice, and if the second extension still does not succeed then the last SETS trade is taken as the closing price. It often happens with more thinly traded stocks on SETS.

Kayak: Thank you so much for taking the trouble to explain. I had some concern why the stock plunged at close of play following a stream of buys. I have been in and out of PIC three times (twice in profit) and expected to see it rise to around 65p following a recent contract secured in Australia.
Gook luck

seems a good stock to get into about now before results??????

Sells out numbered buys 8 to 1 today & still the price held up. Are market makers accumulating shares?

It's around the lowest prices in one and half a year. Isn't Pace in a better shape now?

I got out for a while at 52p. My understanding of the problem is that they have been "giving away" equipment under a sqeeze from SkyBSB and that their margins particularly in UK are suffering. IMHO. I`ll be back - had them once at 9 !!

Big markets in USA and Europe to tap. Last I heard they were looking to expand there. No updates. I'm a long time sufferer, bght at 125p. Can't see how the price will get up there again.

Strange spikes at the start of each day!

Are there errors each morning??????

It's trying to attract buyers/shorters.

The 80p spikes are normal, just a feature of how the books/orders re-populate in the morning; rarely tradeable.

MikeHardman

What does that mean?

Anyway, it is not normal.

If it were normal then it would happen to the charts of all other shares but it doesn't.

apple..

It used to happen in LGEN for a while, about 4 years ago as I recall.

It happens when an order significantly off the more normal mid-price is stuck in the books for a while (can be months). When the books repopulate in the morning, if that order is not undercut by another one much nearer the mid-price, it will seem to distort the price. Depending on how the orders happen to come in, the mid-price (as you see on your chart) might happen to be the same as that 80p order -- if it is the only order on the books. That will be only temporary, and may have been corrected by the time the books open at 8am.

The pseudo-spike would only be tradeable if there was a bid price was up near it, but that's rarely the case. eg. on 9nov04, it opened at 53/80p.
The current 80p offer in the books has been there since 1nov04 (I take it you do have Level2).

The behaviour is normal in principle, with any stock; the amount of distortion obviously depends on the particular price discrepancy, and hence may or may not look abnormal depending on personal outlook.

PIC can be traded on fleeting abnormalities, however. Last year I manage to scalp 400 net profit in 15 seconds from one of those. It was also a question of luck, because IGIndex (I did it on a spread bet) happened to be performing extremely quickly at the time.

HDTV: A Shopper's Survival Guide
http://biz.yahoo.com/special/tv04_article1.html

Israeli startup prepares to drive mobile digital TV
http://www.commsdesign.com/news/showArticle.jhtml%3Bjsessionid=WF1E5PAOHFBGCQSNDBCSKH0CJUMEKJVN?articleID=55800035

Hmmm

Hello hightech - I havn`t had any PIC for a while but am interested in what is the meaning of your "Hmmm"

HY is better than expected (over 100% growth in sale.. etc). FY is expected to be lower... But it can change in the next six month. They are predicting the growth in the second half to be lower than the first half etc.

All IMO. I hold the shares,... Do your own research.. blablabla

I never really understand/accept the fact that to-day there are nearly 10 times the recorded buys versus sells and the SP drops

Dabbled today on pic at just under 41,lets hope i get a good signal!!

A friend at work hold PIC from around 500p!

he refuses to sell and accept the loss, so continues to hold, and relies on me to keep a check on the price for him.

I was a little surprised to see the 41p comment above!

So I checked the chart, and it looks pretty awful IMHO.

At least PIC was mentioned in the Shares magazine as a potential recovery share, I will probably have a punt in the new year, will continue to watch from the sidelines.

Here we go again - majority buying and down she goes. Any guess on the bottom as this one would rise to 60p on any good news. Do you remember when it was over 900p ? I made profits in July and November and should do so again.

It can do the same ...

Seems where safe,never in doubt!!

What a PICk - my third time in profit with this one - should I hold on - think so I see 65p by end of week.

OK so what are the MMs up to - yet again many more buys than sells and the SP drops - rather like PXC for more months than I care to remember. Any theories ?

German PayTV company to be listed in the market tomorrow. This may represent that German market is more active than predicted by Pace.

hightech - Thanks for that info. Do you see this as an advantage to PIC ? Do not German Pay TV use Grundig equipment. We do need something to "pick" this one up - do you remember when the SP was over 900p ? !!

I remember that Oakapples, it seems a distant memory these days. More buys than sales once again but the market doesn't seem to take this into consideration. Hopefully it will pick up next week????

Anybody reciving a good signal with these set top boxes..

Naughty,naughty..

450K fine by the FSA announced this AM

I optomistic,very naughty.

Real-Time HDTV Broadcast From USA To Japan
http://www.physorg.com/news2742.html

Comcast, Fox strike S.F. HDTV deal
http://news.com.com/Comcast%2C+Fox+strike+S.F.+HDTV+deal/2110-1041_3-5553942.html?part=rss&tag=5553942&subj=news.1041.10

The NFL championship game airs on Feb. 6 from Jacksonville, Fla.



.................the world's first demonstration of a single end user controlling the setup of over 40,000 kilometer of lightpaths from Taiwan, Korea, Canada and Spain to enable multiple HDTV video streams to be delivered sequentially to the APAN meeting in Bangkok.
http://www.lightreading.com/document.asp?doc_id=66784&site=lightreading

Huge market

See Shares article p14 =issue03-09Feb2005 (current issue)...."Rough Justice for Shareholders" by Stephen Frazer.
=For consideration by Shares Mag, posted here cos it's easier!
..............................................................................
(background)- In the above case, the Company(Pace Micro) was fined 450k for not telling the market they'd lost the NTL modem business; no it wasn't delayed a week, not a month it was delayed until the news leaked-out and then the sp crashed from 304 to 14p as the market twisted and turned.
But curiously the FSA could find no fault with the Directors, so they weren't fined - yet the company was fined thereby affecting the co. profits. In addition, the Directors used Co funds (so article says) to provide legal defenses, presumably for themselves as well as the company. Doesn't look a good deal does it?
/
Action like this makes the FSA a useless edifice that could be axed at no cost. Perhaps the FSA could point to some successes, where they have saved shareholders money? Or is it only people who chose the wrong Mortgage that are encouraged to cry "Miss-selling" - - - - That people knew the bonus was not guaranteed was obvious - how could anything be G'teed over that timescale? (unless it was very poor value to start with).
/
How to increase Director Prudence - - -
Directors should be paid a notional salary in cash - say twice the average of the top-10% of employees (excluding directors, don't be silly) and anything else they negotiate is put into a trust (in shares, bought on the market on a rolling date ) each month. After four years they would be allowed to take out the shares (swapping them for the current over-salary) and pocketing the difference after charges. In effect their salary+bonus depends on the sp rising over a 4-year period. First-in, first-out. It is the quantity of shares that is repayable not the value. For a rising sp (after consolidations etc) the directors should be well rewarded, but it would make them less wreckless on take-overs and investiing in overseas expansion etc etc.
When they leave they could collect their shares at the same rate, for the next 12 months and at twice that rate each month thereafter. By this means Directors that had behaved incorrectly would be subject to some financial restraint for a period of about 2+years after resignation; these payments being at the disgretion of shareholders, voted at each agm (after the results and dividend!).
/
However, if Parliament wished, the FSA could regulate/punish company directors by taking from their bonus-pot (as described) - in effect all Directors have to be confident they will steer the business well, making the sp rise and dividends increase year-on-year.
Now that's what I call shareholder value and Alignment.
It also provides the FSA somewhere to fine - since the Company is run by these overpaid Directors they must assume the effects of their actions. The sp over-time reflects the quality of their descisions - if not what else does it do? - OK the Market can rise/fall but this would be averaged out over the next four years. For FTSE companies the period should be five-years and for FTSE 100 companies six years. The scheme would include any Pension funding and after any holding was in their "pot" for the qualifying time they would be allowed to convert shares to the same value into another FTSE equity (thereby reducing a sector risk), to reduce charges the shares could be converted every two months in arrears.
/
A company that promises a lot and grants Directors huge salaries/bonuses will find that shareholders can cancel the payments (eg by 10% of the pot-value or up to 5% over any % rise Directors have awarded themeselves), or maybe defer the payment until the company has the degree of profitability that was expected. If directors are seen to be working hard and have to retire on health grounds the agm will be the place where the shareholders present(director holdings being barred) can exercise great control. Institutions would have to relenquish their block-vote power to a show of hands which is much fairer IMHO. Directors that perform well need not fear these changes; but those that are conning the market or who want to bolster a company only to take it over, (or sell it cheap, etc.) will find the shareholders do own the Company.

At present there is little evidence that shareholders are the owners. Far too often company sp are allowed to fall and then it is bought on the cheap, thereby stealing our investment whilst the directors take their bonuses and pensions, having found profitable jobs elsewhere, or even join the new management.

If the FSA would enact something along these lines, that would do a lot for shareholder value and help redress shareholder power which is currently only (at the agm) to choose between tepid tea and tepid coffee.
Regards Stephen, I liked the article.

Had a good rest.

One day Pace will be bigger than AMT, I hope.

Gordon Brown Investigates China; Pace hosts Chancellor visit to Shenzhen

Pace Micro Technology (LSE: PIC.L - news) (pic.l) today met with the Chancellor of the Exchequer, Gordon Brown, in China as part of his tour of the region to investigate the impacts and benefits of outsourcing and globalisation for UK companies. ....................

An sell on tuesday for me,a bit surprised by this but very welcome.

Still holding my set top box {pic},and a good strong signal to boot.

IS this heading for a pound?
I regret for not averaging down earlier.

Up over 60% now for me in less 6 months result.

Going,,going,,gone a little over 64,lol.

NOTIFICATION OF MAJOR INTERESTS IN SHARES

Fidelity International Limited (FIL) and its direct and indirect subsidiaries.
Number of shares / amount of stock acquired
2,543,190

Percentage of issued class
1.12%

Looks good maybe will break the 65, next level as per charts is 81p

fingers crossed

Pace is going to make money in the US when $ is recovering.

Glad i sold last week, seems its all down hill again now.

FInally it could pass 68p. We should reverse the plot and touch s, hopefully.

My target is 3.

hmm

Tuesday September 6, 01:05 PM

Pace warns of lower results

LONDON (ShareCast) - Set top box maker Pace Micro plunged 10% to 72p today after warning that first half results would come in lower than expected as its CEO resigned.

"Given our shipments will now be more concentrated in the second half than previously expected,
the first half result, which was expected to be below breakeven, will be commensurately affected," said Pace.

Chairman Sir Michael Bett added that some shipments may also move into the following financial year.

"We have experienced some delays in product development but these delays, typical of new product projects, have not impacted our expectations for the year as a whole," added Bett.

Pace said competition in the payTV market remains intense and consequently it is looking to explore new technology opportunities in other markets. "We are especially interested in new ventures that can offer us the potential for additional recurring revenue streams and are making good progress on this front," said Pace.

Chief executive John Dyson has also decided, after discussion with the board, to announce his intention to retire from the Board. Dyson continues until a replacement is found and after a suitable handover period.

Nothing new apart from retiring CEO and confirming that the market is huge. slight delay with no impact is good but retiring CEO is good the best news IMO

Harmonic Introduces Powerful Multi-Codec, Multi-Format, Real-Time High Definition Encoder; DiviCom(R) MV 3500 Brings Advanced Capabilities and End-to-

It works with Pace ...
http://uk.biz.yahoo.com/050831/183/fqvwa.html

The future of TV is hear... Check:
Four Market Leaders Team up to Offer New Cost-Effective Digital Solution for Smaller and Mid-Size Operators
By Business Wire

LONDON & AMSTERDAM, Netherlands Sept. 6, 2005 NDS (NASDAQ (NASDAQ: news) :NNDS)(EURONEXT (Paris: NL0000241511 - news) :NNDS), TANDBERG Television (Oslo: TAT.OL - news) , Pace Micro Technology (LSE: PIC.L
- news) and MGt, join forces to offer end-to-end pay-TV solution for digital TV operators ..
http://uk.biz.yahoo.com/050906/183/frbri.html

Pace is very cheap IMO. DYOR

Check http://www.ibc.org/
HD Broadcasting and Production: New Entrants' Needs and Issues

Chaired by: Ed Hobson, National TeleConsultants, Inc, USA

Participants:
Fernando Bittencourt, TV Globo, Brazil
Markus Schmid, Premiere AG, Germany
Yukihiro Nishida, NHK, Japan
Brian Sullivan, BSKYB, UK

Hobson
Bittencourt

This session features presentations and a panel discussion of proposed requirements for new entrants to the world of HDTV. Europe, South America, Japan and Asia are about to confirm standards and begin HDTV broadcasting. Some will opt for satellite delivery; others terrestrial, cable, or fibre. What standards will be utilized? How will HDTV interplay with SD terrestrial broadcasting? Will this be a pay-only service? How will we ensure that no viewer is disenfranchised? Will manufacturers make equipment and receivers for new proposed standards? Who will pay?


You may also be interested in:

HDTV - The Final Resolution?

A Review of the Technologies and Standards of High Definition Television - Both Current and Future

Sony eyes TV comeback with new flat-screen range

http://uk.biz.yahoo.com/14092005/323/sony-eyes-tv-comeback-new-flat-screen-range.html

.......... 46-inch LCD model ..... with a 50-inch rear-projection ......

Tomorrow's Super Techs (Pace is one)
http://uk.biz.yahoo.com/050929/35/ft925.html

17/1/2006 Pace Micro slumps to loss

UK set-top box maker Pace Micro Technology slid into the red during the first half its fiscal year due to the increasing penetration of digital television.

The group reported a loss before tax and restructuring costs of 8.9m in the first half to December 3rd 2005, compared to a profit of 4.7m a year earlier, as revenue slumped to 78.9m from 150.5m.

Shipments of set-top boxes fell to 1.1 million over the period, from 2.1 million in 2004, a fall that CEO, John Dyson, attributed to the fact that there are simply fewer and fewer homes without some form of digital television.

Digital TV penetration had risen to around 70% in the UK, meaning fewer new customers for Pace Micro, Dyson told reporters in an interview.

There were also unflattering comparisons with the previous year's sales to British Sky Broadcasting Group's Italian unit and to Australia's Foxtel; 2004 was a bumper year for digital take-up in those countries, he explained.

Still, Dyson said he expected a 'substantial' pick-up in business in the second half of the fiscal year, albeit not enough to make up for the weak first half. The CEO said he expects Pace Micro to post a loss of 'one or two million (pounds)' over the full year.

Revenues should improve significantly during the second half through shipments to the US as well as Premiere in Germany, UPC in The Netherlands, Foxtel in Australia and Sky New Zealand.

However, this growth will be offset somewhat as in the UK the group expects units and revenues to continue to decline in the short-term, said the company in its earnings statement.

Lookng further ahead, Pace said it was 'well positioned' for a solid performance in the next financial year due to growing demand for new technologies such as high definition TV, particularly to the US.

Sales of high-definition TVs were already outstripping analogue in the US, and a similar 'explosion' expected in Europe in '18 months to three years', said Dyson.

By the end of the fiscal first half, net cash stood at 13.6m, compared with 26.4m on June 4th 2005. The group also said it has arranged new bank facilities to cover its anticipated working capital requirements as the business builds in the second half.

Dont seem to be able to give them away at 57p,,looking at going back in at around 50p,,signals a bit to strong for me yet..

Cisco is up over 5% tonight. That should help hightech companies IMO

Getting closer to HDTV etc. Worth watching IMO

UNET Delivers Gigabit Broadband Services to the City of Almere with Cisco Carrier Ethernet Technology

http://biz.yahoo.com/bw/060221/20060221005513.html?.v=1

Pace is going to talk about HDTV in the Middle East, "making HD work in the Middle East", tomorrow I think around 9am our time.
Check www.pacemicro.co.uk

funally a good news came late for me!
http://www.moneyam.com/action/nav/news?epic=PIC

Any news?

anyone left here?
probably everyone sold out!

http://uk.biz.yahoo.com/02012007/325/bskyb-s-sky-service-passes-2-million-mark.html

You seem a bit lonely here ahoj.

yep, I reduced my holdings by 50% below 60p!!! I am sure I can sell the rest above 300 in a couple of years.

I watched the solders on TV.

The quality of pictures and voice was the best on skye HD.
You coul hardly hear anything on BBC chan hear anything on BBC news channel