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.

Yes if you C&P it exactly as it is - obviously I've used some different HTML in order to make the code appear as it does above.

On edit - I've just done it by copying and pasting the above ?

It looks like afn don't like the direct link to director's talk - it works the 1st time and then is converted to .com.

Think its directors talk that dont like copying????.

Cant for some reason blue the text and use ctrl +c

Can on all other sites.

That's becoming more common - even PC World's site won't let you - it makes it more difficult to compare goods elsewhere!

GF - my post 41983 still seems to work.

Ahhhhhh right. Cheers skinny.

Comment on yesterdays results by broker JP MORGAN......

Bullish comment from management with
feet firmly planted on the ground realising their is more to be done.

ive added.

In auction - down 9.1%.

Why has it been fallen recently?

Profit taking amid rumours of AT&T/DirecTV merger?

Hovering @ the 200sma.

Barclays Capital Overweight 348.45 337.00 500.00 500.00 Reiterates

Director purchase of 30,000 shares

Old Mutual PLC < 6%

From Reuters earlier :- AT&T in talks to buy DirecTV for nearly $50 billion - sources

Barclays Capital Overweight 357.15 - - Reiterates

Goldman Sachs Neutral 357.15 385.00 385.00 Reiterates

Today's Market: Why Verizon Will Not Bid For Dish

Summary

Analyze why VZ will not be making a bid for DISH.

Discuss why the T and DTV deal makes more sense than anything VZ could put together in the industry.

Look at valuation in regards to the satellite providers.

Interim Results


Financial highlights
· Revenue down 13.6% to $1,138.9m (H1 2013: $1,318.4m), in-line with management expectations.
· Gross profit up 5.4% to $245.8m (H1 2013: $233.1m), gross margin 21.6% (H1 2013: 17.7%).
· Adjusted EBITA1 up 9.9% to $106.3m (H1 2013: $96.7m), operating margin2 9.3% (H1 2013: 7.3%).
· Profit after tax up 9.3% to $55.4m (H1 2013: $50.7m).
· Basic Earnings per Share ("EPS") up 8.5% to 17.8c (H1 2013: 16.4c) with adjusted basic EPS3 up 15.4% to 25.5c (H1 2013: 22.1c).
· Interim dividend 2.25c per share, a 23.0% increase on H1 2013 (H1 2013: 1.83c).
· Free cash flow4 up 18.4% to $108.9m (H1 2013: $92.0m).
· Closing net debt5 $167.6m (Pro forma net debt6 of $279.2m immediately following Aurora acquisition).

Operating highlights
· Increased operating profit on reduced revenues, due to Aurora contribution, improved revenue mix, improved supply chain efficiency and increased operational efficiency.
· Significant further progress made against the Strategic Plan laid out in November 2011:
· Continue to transform core economics:
o Underlying operating costs7 reduced by 6.1% whilst continuing to further invest in growth opportunities.
o Integration with Aurora complete and committed synergies, both cost and working capital, achieved ahead of plan with further opportunities for savings identified.
o Fifth consecutive half of strong cash flow generation (102.4% conversion of adjusted EBITA to free cash flow). Aggregate free cash flow of $500.6m over last five halves.
· Maintain PayTV hardware leadership:
o Reconfirmed market leader; global number 1 in Media Servers8, Set-top boxes ("STBs")9 and Advanced Telco Gateways10.
o Strong uplift in Customer Premise Equipment ("CPE") revenue in H2 2014 anticipated due to new product launches with key customers.
o A number of new wins and deployments have been achieved across all regions with customers including Sky Italia, Oi, GVT and BeIn Sports.
· Widening out:
o 213.8% increase in non-CPE revenue (H1 2013: 4.3% increase) to $167.9m (H1 2013: $53.5m) driven by the acquisition of Aurora Networks.
o Pace achieved a number of key wins across all areas of our Software, Networks and Services offerings and has made good progress on major product and customer project launches for this period and H2 2014.
o Demand for network products is stronger than anticipated; revenue and profit growth expected in H2 2014.

Changes to Executive Management