Pace have fallen a lot over the last 6 months. The move to digital is near, do you think they can recover. Presently way off previous highs.

High risk but this company has a history of climbing back.

Great recovery today.

It should be above 200, if no flood in Thailand and earquack in Japan.

It should come back to levels I baught 205p

Pace (Xetra: 901454 - news) powered ahead as Collins Stewart lifted its rating on the maker of television set-top boxes to buy from hold. Shares in Pace have tumbled 18pc since the company warned in November that shipments for the rest of the year will continue to be hit by flooding at the Thai factories of its hard disc drive supplier, Western Digital

But, Collins Stewart analysts noted that on Thursday night, Western Digital reported that it is resuming hard disc drive production this week, earlier than expected. This can only be regarded as a positive development for Pace, the broker added.

Pace put on 5.7 to 57p, but, based on Thursdays close, it could be poised for demotion to the small-caps at the next index reshuffle.

RNS Number : 9363T

Pace PLC

14 December 2011

Pace plc: New Chief Executive Officer Appointment

Saltaire, UK, 14 December 2011: Pace plc today announces that Mike Pulli, currently President of Pace Americas, has been appointed Chief Executive Officer of Pace plc and has joined the Board with immediate effect.

He succeeds Neil Gaydon who, after 16 years with Pace plc, has decided to step down to take some time off and look for a fresh challenge.

Chairman, Allan Leighton, comments: "Mike has developed a hugely successful business for Pace in the Americas, and his background and gravitas in the industry make him the right leader to succeed Neil and deliver our Strategic plan".

"We would like to thank Neil for his significant contribution to Pace over a 16 year period, the last five as CEO, and wish him and his family well for the future."

There is no information required to be disclosed pursuant to LR9.6.13R in respect of Mike Pulli.

-ends-

glad to hear it

Pace plc: Changes to Executive Management


Saltaire, UK, 6 January 2012: Pace plc today announces two changes to its executive management team.

Following a review of its senior operating structure, the role of Chief Operating Officer (COO) will cease to exist. David McKinney, Pace COO, will therefore leave the company and resigns from the Board with immediate effect. Key operations and procurement functions that previously reported to David will now report directly to the Chief Executive Officer (CEO).

Chairman, Allan Leighton, said: "The new senior structure gives the CEO direct line of sight to the critical areas of the business. However, it's important to acknowledge the significant contribution that David has made to Pace over the last six years in building its operational capabilities. We wish him all the best for the future."

Separately, Tim O'Loughlin has been appointed President of Pace Americas. Tim replaces Mike Pulli in the role, following Mike's appointment as Pace CEO in December 2011. Tim takes responsibility for the Pace Americas business, including customer relationships, operations and all administrative functions.

Commenting on Tim O'Loughlin's appointment, Pace CEO, Mike Pulli, said: "Tim has worked at Pace for over a decade, including eight years as part of my Americas leadership team, and is extremely well respected both within the company and by our customers and partners. His appointment as President ensures continuity of leadership and the customer relationships that are critical to our continued growth in this region."

Pace plc: New Chief Financial Officer Appointment

Saltaire, UK, 24 February 2012: Pace plc today announces that Roddy Murray has joined the Board of Pace plc and will be appointed Chief Financial Officer with effect from 6 March.

He will succeed Stuart Hall who, after 5 years with Pace plc, is stepping down from his role and the Board on 6 March.

Mike Pulli, CEO, commented: "We are delighted to welcome Roddy to the business. He brings with him a wealth of financial experience most recently as CFO of The BSS Group plc and prior to that Moss Bros Group plc. His background will be very valuable as we move into the next stage of Pace's development and deliver on our Strategic plan."

Chairman, Allan Leighton, commented: "We would like to thank Stuart for his contribution to Pace during his time here. He joined the company in 2007 and has helped steer the business through an important phase in its development. We wish him and his family well for the future."

Roddy Murray was CFO and director of The BSS Group plc between May 2006 and December 2010. There is no further information required to be disclosed pursuant to LR9.6.13R is respect of Roddy Murray.

-ends-

Preliminary Results.

Financial highlights

· Revenues up 11.9% to $2,309.3m (2010 restated1: $2,062.9m). Excluding the effect of acquisitions, organic revenue decreased 7.1%.

· Gross margin 19.2% (2010: 19.2%).

· Adjusted EBITA2 $141.4m (2010 restated: $160.6m) in line with November 2011 guidance (which includes Hard Disk Drive (HDD) supply disruption impact of $9m).

· Adjusted EBITA margin 6.1% (2010: 7.8%).

· Profit before tax $54.7m (2010 restated: $110.2m).

· Basic EPS 13.2c (2010 restated: 26.4c) with Adjusted basic EPS3 29.7c (2010 restated: 37.1c).

· Proposed final dividend 2.50c per share, resulting in full year dividend of 3.75c per share (2010 restated: 3.37c).

· Closing net debt4 $321.7m (2010 restated: $311.1m).

Interim Results

Financial highlights

· Revenue $1,006.5m (H1 2011: $1,187.1m) in line with management expectations:

o Impact of Hard Disk Drive (HDD) supply disruption $76.8m in H1.
o H2 revenue underpinned by next generation hardware rollouts.

· Gross margin 18.6% (H1 2011: 19.0%). Underlying1 gross margin 19.4% before $23.1m HDD impact in H1.

· Adjusted EBITA2 $61.6m, operating margin3 of 6.1% (H1 2011: $68.4m, operating margin 5.8%). Underlying operating margin of 7.8% before $23.1m HDD impact in H1.

· Profit before tax $21.4m (H1 2011: $29.4m) after exceptional costs of $4.4m (H1 2011: nil).

· Basic EPS 5.1c (H1 2011: 7.1c) with adjusted basic EPS4 12.8c (H1 2011: 14.2c).

· Interim dividend increased by 15% to 1.44c (H1 2011: 1.25c).

· Closing net debt5 $243.3m (31 December 2011: $321.7m), a $78.4m reduction (H1 2011: reduction of $17.9m).

Excellent candle and good volume today!

Pace leaps 17 percent as the TV decoder maker raises its full-year earnings forecast as margins improve and the supply disruptions that marred the company's profit in the first half abated.

Peel Hunt, in a note, says the progress on underlying operating margins, which is ahead of expectation, leads to a 13 percent upgrade to full-year 2012 forecasts as well as a 20 percent upgrade to full-year 2013 forecasts - which it anticipated.

"There are three upside drivers to the Pace share price: 1) margin-driven forecast upside (headroom for further upgrades); 2) management credibility to drive a re-rating and 3) debt paydown - 2 and 3 can drive target prices well above our current (130 pence) target price," the broker says.

If it can get through the next six weeks without a trip ...............it'll get back in the FTSE 250. That should send the price straight back over £2.00.

I should have bought more. It doesn't really seem worth selling half my holding at such an exciting point!

12 month high today @167.75p

Pace moves up to FTSE 250 in reshuffle

Published on Thursday 13 September 2012 08:55

TV decoder maker Pace is to be promoted to the FTSE 250 in the stock exchange’s latest quarterly reshuffle.

The Saltaire-based company’s shares have risen from lows of 70p in April to close at 174.5p yesterday.

The group is seeing a new lease of life under new chief executive Mike Pulli, who issued an upbeat trading statement in July.

Pace has raised its full-year earnings forecasts as margins improved and supply disruptions eased.

Mr Pulli said he wanted to make the company more efficient, adding: “I don’t like debt in the company that I’m running. The faster you pay down debt the better.”

Why the crash today?

BT Contract

Pace plc would like to confirm that any outcome of the commercial and technical discussions with BT on the YouView contract is of no material impact to the Company's earnings in this or future years.

Buy for monday then. Nice.

Potential acquisition of Google's Motorola Home

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.

Just posted on twitter.....

razer ‏@SharesMagSteve
More @Pace. 14 Nov @Canaccord BUY P/T 228p on more cost cuts.