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.

I agree heading to 100p

My wife made 10 grand on these when they got to 11 quid, on the rise again so maybe a good time to get in...

Pace Micro Technology PLC
04 June 2007


Pace Micro Technology plc

Period end trading update and notice of results


Pace Micro Technology plc, the leading independent developer of digital TV
technologies for the global payTV industry, is providing a period end update for
the year ending 2nd June 2007. The Company will release its Preliminary results
on Tuesday 24th July.


The foundations put in place over the last year by the new Pace management team,
including enhanced customer focus, company structure, operating model and
product execution, have delivered improved results in the second half of the
financial year. Consequently, overall performance for the year ending 2nd June
2007 is expected to be slightly ahead of current market expectations.


Pace is benefiting from better than expected performance in the US market where
in the case of some of its customers it has executed better than the
competition, as well as ongoing strong performance in the Group's other world
markets. Common to all Pace markets, most importantly the US, is growing
consumer demand for high definition (HD) products, in particular HD personal
video recorders (PVR), following rapid growth in sales of HD-ready flat panel
televisions and expanding HD content.


Pace has taken advantage of this growing market by building long-term
relationships with the world's leading pay TV operators, as well as being first
to market in new technologies such as MPEG-4 compression, which is enabling
operators to drive ahead with their HD launches. With a further eight million
MPEG-4 HD set-bop boxes expected to be installed in Europe alone by 2010, Pace
is well placed to benefit from its early investment in this and other new
technology platforms.

A recommendation in Shares mag. on friday too...

i just wish i'd stayed in a lot longer than i did.

I think it's just the beginning. It was 13 before.

ahoj....13 -does anyone else seriously think this will be reached again?....Not I!

The co was swept along in the early dot-com era with the promise that they supplied these new interactive digital thingy set-top boxes and every TV would need at least one!
The reality is that digital is still not universal and the rush to receive that funny Monkey-channel was doomed. The freeview scene has finally put paid to anything that doesn't have sports-exlusive (and /or maybe porn?)...there are so many free channels that makers are struggling to make the box for 20 retail and the retailer's price is nearer 10.
Sky is the alternative player with the strength of their Sports deals and I suspect over time they will struggle, as Governments realise this is not a level playing-field and possibly the long-awaited High definition will draw crowds to alternative channels, like BBC.
Such dedicated commercial boxes can be made anywhere...I don't see Pace was smart enough to buy/invent the technology (did they?) .....so....Not much profit for Pace, although I understand they are stronger in the HDD Personal Video Recorder market, but for how long, as computers take over all media activities?
So-called set-top boxes are cheap and likely to be surpassed by decoders in the TV - so where does this leave Pace?
Not convinced it leaves them anywhere.
If you've "broken even", I'd be inclined to sell.
But DYOR first!

It's definitely starting to look interesting.

Pace has been very stable in recent month, after the rise to 130 three month ago.

680,000 buy this morning should start to effect soon.

It is one of the cheapest hightech companies. Given LG and Samsung sale of HDTV, we should see a big jump in TopBox sale.

Pace Micro Technology PLC
19 October 2007



Pace Micro Technology plc AGM and Interim Management Statement


Mike McTighe, Chairman of Pace Micro Technology plc, the leading independent
developer of digital TV technologies for the global payTV industry will give the
following update at the Company's AGM later today:

'I am pleased to say that Pace is on track to meet the Board's recently revised
expectations for the shortened 2007 financial year. As previously stated this
strong performance is due to us exceeding margin improvement targets across the
range of Pace's set-top box products following management action to improve
operational and business efficiencies, and an exceptional performance from our
US business for this period.

'While the current exceptional sales performance in the US, as previously noted,
is anticipated to adjust to more sustainable levels in 2008, Pace has continued
to develop its business across all of the major world markets for payTV. In
these markets the momentum towards high definition is increasing and demand for
PVR products continues to grow. Pace has announced new business with BSkyB, won
new business for high definition PVRs and interactive standard definition
products with Multichoice of South Africa, and continued to extend the number of
cable customers it serves in the US.

'The company-wide restructuring implemented in 2006, the establishment of
Customer Account Teams as well as wide-ranging business improvements have
delivered greater customer focus, improved product execution and margins.
Looking further ahead, the Board continues to be confident that Pace, through
its growing customer base, technology leadership, new products and further
improvements in operational performance will meet its expectations for the 2008
financial year. '

-ends-


Note to editors: Pace's shortened financial year commenced 3rd June 2007,
following a change to Pace's accounting year-end, where future financial
year-ends will close at the end of the calendar year.


Contacts

Fiona Laffan/Tim Williamson/Raphael Mazet Helen Kettleborough
Brunswick Pace Micro Technology

+44 20 7404 5959 +44 1274 538005


About Pace Micro Technology
Pace Micro Technology plc (pic.l) is a leading technology developer for the
global payTV industry. Pace's main focus is on creating intelligent and
innovative products and services that benefit our customers and fuel the
development of digital TV. Over the last 25 years, Pace has developed one of the
world's most experienced specialist engineering teams and is now the partner of
choice for leading payTV operators across the globe.
Pace's international headquarters are in Saltaire, West Yorkshire, UK, with
further offices in the USA, France, India and Hong Kong. For more information on
Pace, please visit

www.pacemicro.com

i think we can safely it will recover, just wish i had held for longer.

Something is expected to happen.... Reasons:
- HongKong bring introduction of digital TV forward...
- Olympic should start to impact tooooooo.
- HDTV sale has been rising much faster than expected

Pace Micro Technology PLC
19 December 2007


Pace Micro Technology plc


Pace agrees to acquire the set top box and connectivity solutions business of
Royal Philips Electronics


Pace Micro Technology plc ('Pace'), a leading digital TV technology company,
today announces that it has entered into a conditional agreement to acquire the
set-top box and connectivity solutions business ('the Philips STB and CS
Business') of Royal Philips Electronics ('Philips') (the 'Acquisition'). The
Philips STB and CS Business employs approximately 335 staff predominantly based
in France and is a leading designer and supplier of a range of digital TV
products including satellite, cable, terrestrial and IPTV set-top box products.
The proposed transaction values the business at up to 95.0 million (68.0m).

Pace and the Philips STB and CS Business each have over 20 years experience in
the digital set-top box market. The combined business will be a global top three
set-top box company(1) with a strong customer and product portfolio.

The Philips STB and CS Business has long-established relationships with a number
of key additional payTV operators in multiple geographies, major IPTV customers
and a strong international retail business. As part of this transaction, Pace
will be entitled to utilise the Philips brand in retail distribution for an
agreed range of products for the next three years.

Commenting on the acquisition, Neil Gaydon, Chief Executive Officer of Pace
said:

'Based on 2006 performance, this deal will create a company with pro forma
revenues of over US$1.0bn, producing approximately 8.5m set top boxes a year.
Pace and the Philips STB and CS Business combined technologies, expertise and
customer reach will create a leading centre of excellence in the set-top box
industry. There is a strong strategic fit from customer, product, geographic,
culture and scale perspectives. We have minimal customer overlap and the
combined group will have a significantly enhanced technological position.

'The Acquisition brings capabilities in IPTV, terrestrial, retail and
connectivity products, which will extend the strong position we have built
through relationships with leading payTV operators. We also believe there is
potential for improved efficiencies by utilising the operating model and
business structure we have built at Pace over the last two years.'

Details of the proposed transaction(2)

The proposed transaction values the business at up to 95.0 million (68.0m).
The consideration for the Acquisition will be satisfied by the issue of 68.0m
new Pace shares to Philips at completion and up to a further 1.9m new Pace
shares on or shortly after completion together with a further 5m (3.6m) in
cash over 3 years from completion. At completion, Philips will hold
approximately 22.5% per cent. of the enlarged share capital of Pace, of which
17% is subject to a one year lock-in from the date of completion. There is also
a cash adjustment mechanism based on the net indebtedness and working capital
position of the Philips STB and CS Business at completion. The agreement is
conditional upon, inter alia, the conclusion of the consultation procedure by
the Philips STB and CS Business with its Works Council in relation to the
Acquisition, certain anti-trust approvals being obtained and Pace shareholders
approving the Acquisition.

The Philips STB and CS Business turnover and EBITDA for the year ended 31
December 2006 were 357.2m and a loss of 39.3m, and for the year ended 31
December 2005 were 473.6m and a profit of 16.4m respectively. Gross assets(3)
as at 31 December 2006 were 100.9m. These figures have been extracted from
Philips STB and CS Business management accounts, prepared under US GAAP, and
when reconciled to Pace's accounting policies under IFRS may differ from those
shown above. The Board of Pace believes that the operational performance of the
Philips STB and CS Business has improved significantly during 2007 over 2006,
and will benefit further from increased efficiencies after completion. The Pace
Board will not alter and the senior management of the Philips STB and CS
Business will remain within the enlarged group.

The Acquisition is classified as a 'reverse takeover' under the Listing Rules by
virtue of its size and is as a result conditional, inter alia, on the approval
of Pace shareholders which will be sought at a General Meeting of Pace expected
to take place in March 2008 following posting of the requisite circular to Pace
shareholders and publication of the prospectus. As the Acquisition is classified
as a 'reverse takeover', the ordinary shares of Pace will be suspended from
trading from the date of this announcement. The shares will re-commence trading
on the posting of the circular to shareholders and publication of the
prospectus.

Current Trading

Pace's last market update on 19 October 2007 stated that Pace was on track to
meet the Board's expectations for the shortened financial year for the seven
months to 31 December 2007. The Board confirms that Pace continues to perform in
line with its expectations for this financial period. In addition, the Board is
confident in the outlook and prospects for Pace for the year ending 31 December
2008.

Analyst and investor conference call

A conference call for analysts and investors hosted by Neil Gaydon, CEO, and
Stuart Hall, CFO, will be held at 12:00pm UK time today. To access the call,
dial +44 (0) 1452 561 263 and quote reference number 28833961. Slides will be
available from the IR section of the Pace website -

www.pacemicro.com

- from
11.45am UK time. A recording of the call will be available for replay from
1:30pm by dialling 0145 255 0000 and quoting reference number 28833961.



For further information, please contact:

Pace Micro Technology plc +44 (0) 1274 532000
Neil Gaydon Chief Executive Officer
Stuart Hall Chief Financial Officer
Helen Kettleborough Director of Corporate Communications

NM Rothschild & Sons Ltd
Scott Sheldon +44 (0) 207 280 5000
David Forbes +44 (0) 113 200 1900

Hoare Govett Ltd
Alexander Garton +44 (0) 207 678 8000

Brunswick Group LLP + 44 (0) 207 404 5959
Fiona Laffan
Tim Williamson
Raphael Mazet


About Pace Micro Technology

Pace Micro Technology plc (pic.l) is a leading technology developer for the
global payTV industry. Pace's main focus is on creating intelligent and
innovative products and services that benefit our customers and fuel the
development of digital TV. Over the last 25 years, Pace has developed one of the
world's most experienced specialist engineering teams and is now the partner of
choice for leading payTV operators across the globe.

Pace's international headquarters are in Saltaire, West Yorkshire, UK, with
further offices in the USA, France, India and Hong Kong. For more information on
Pace, please visit

www.pacemicro.com

.


Disclaimer

This announcement has been issued by, and is the sole responsibility of, Pace.

N M Rothschild & Sons Ltd, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting as financial
adviser and sponsor to Pace and no-one else in connection with the matters
referred to herein and will not be responsible to anyone other than Pace for
providing the protections afforded to clients of N M Rothschild & Sons Ltd or
for giving advice in relation to such matters.


--------------------------

(1) According to latest figures from IMS Research on global set-top box shipment
data for 2006.

(2) Acquisition consideration based on the 10-day average closing price of
Pace's ordinary shares of 92.10 pence as of 18 December 2007. Foreign exchange
rate of 1: 1.40.

(3) Gross assets represent total current and non-current assets, as outlined in
LR10 (UKLA)



This information is provided by RNS
The company news service from the London Stock Exchange

I suspect this is reasonably good news; although how long the UK-operation will remain is - - - - .
The name Philips gives an air of respect and should improve their market penetration. But you have to wonder what "value" they saw.....they could have used one of their existing designs surely?

Or - is this a move to prevent a Competitor getting a foothold, ah ha . . . ?

Pace is taking over a respectable brand which is well known in Europe and Asia, reoving them from the list of competitors, and use Philips production facility. There is little overlap in thier operating morket.
I see the merger has already been done. See "Pace V-Box will be produced by Philips (Model number DIT9719)" @ http://www.radioandtelly.co.uk/btvision/box.html.

Pace plc Trading Update
7 April 2009: "Pace plc, the leading independent developer of digital TV technologies for the global payTV industry is today announcing a very significant upgrade on its current performance expectations for 2009.

Since announcing preliminary results on 3 March 2009, demand for Pace's products has increased across many of the Group's global markets and technologies. Pace's improved market position, the breadth of its product offering and track record for innovation and delivery means Pace is increasingly viewed as a supplier of choice by many of its payTV operator customers. This combination along with strong market demand and enhanced competitive position has resulted in further orders from new and existing customers to fulfil consumer demand for digital and high definition services. At the same time Pace has continued to benefit from its programme of operational synergies and business efficiencies to improve margin performance across the Group.

Consequently, Pace now expects that its performance will result in a very significant increase on management's expectations for 2009 and also that it will be in a strong position as it enters 2010. The market for high-end products is growing rapidly, even in an advanced market such as Western Europe, less than 2% of television households are so far subscribing to a high definition TV service (Screen Digest data, April 2009). The Pace Board recognises that these factors have created an exceptionally positive situation for Pace, which is expected to continue, reflecting the strong foundations established over the last three years."

The Brokers following this one obviously like it and on a forward P/E of just over 7 there is certainly room for this one to double and more.....

Pace PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Altium Securities
20-04-09 BUY 76.90 18.30 0.80 94.20 22.10 1.00

KBC Peel Hunt Ltd
15-04-09 BUY 74.31 17.25 2.00 86.16 19.93 3.00

Milkstone Ltd
09-04-09 BUY 70.97 16.55 1.50 86.60 19.83 1.80

ABN AMRO [A]
30-03-09 BUY 42.00 9.67 0.90 50.30 11.54 1.00

FinnCap [A]
05-03-09 BUY 44.70 13.00 0.90 54.30 15.90 0.90

Singer Capital Markets Ltd [A]
06-11-08 BUY 23.70 5.60

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 74.31 17.25 1.50 86.38 19.88 1.80

1 Month Change 34.01 7.73 0.60 35.48 8.27 0.80
3 Month Change 52.82 12.26 1.50 52.78 12.01 1.80

Notes to forecasts (07 April 09) A flag refers to outlook

GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -14.10% 68.11% 15.25%
DPS % % 20.00%

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 55.57m 93.58m 107.26m

EBIT 32.17m m m

Dividend Yield % 0.98% 1.17%

Dividend Cover x 11.50x 11.04x

PER 14.96x 8.90x 7.72x

PEG -1.06f 0.13f 0.51f

Net Asset Value PS 5.77p p p

yesterdays AGM presentation....

http://www.pace.com/media/corporate/PDF/090422_agm.pdf

Zak Mir PRO TAer at SC across the road as just given this analysis on PIC....



Zak Mir



Reged: 28/06/07
Posts: 766
Re: CHART ATTACK - Longs and Shorts.
#444126 - 23/04/09 07:01 AM Edit Reply Quote



A major uptrend in force here. I would expect another gap higher in the next week or two.