Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Update Pace significantly upgrades trading advice at General Satellite News forum; Pace significantly upgrades trading advice Chris Forrester UK set-top box supplier Pace issued a significant upgrade to its trading position ...

Reply
 
LinkBack Thread Tools Display Modes
Update Pace significantly upgrades trading advice
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 104168
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 37
Update Pace significantly upgrades trading advice - 08-April-2009, 12:50

Pace significantly upgrades trading advice

Chris Forrester

UK set-top box supplier Pace issued a significant upgrade to its trading position after the markets closed on Tuesday afternoon. The statement contained nothing except good news.

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, said a company statement, which went on to talk about strong market demand for its digital and HDTV products.

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.

Pace shares had been trading at about 80p for most of last month, rising during the past few days steadily to 99p, and finished on Tuesday at 99.5p, giving the company a market capitalisation of 297m.
   
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox