I know some of you follow this FIBERNET, Well i felt appropiate and time to join u chaps from today, took a dive in at 53p...

I think with the market in bouyant mood, it may jump further or back to wher it hit a few weeks back...

I also heard it was tipped as a Buy in the Tech mags, a couple of months back...

Jules.

Disappointing that FIB didn't reach 1 this week but the shares are now 95p which was a good try. How high will this share go ? How long is a piece of string. Some holders would like to see 28 again but it doesn't pay to be too greedy. 5 or 6 would be quite nice. The trend will be influenced by next months figures. On ADVFN 2 by Xmas is being suggested. At present the market is coming up with quite a few surprises so as usual time will tell.

It went to 30.

Another good day and now FIB is up to 105p. My first post on this was at 30p. Hope someone read it and is still holding. I don't think it's the end of the road by any means.

Sold my lot for the time being on fibernet, switched into AIT group instead, hope I dont regret this one day..

Good luck to all holders...

Jules99 let me know which other ones you will be looking into pls,

The day has started well. FIB now up to 112p. Folks on ADVFN expect 2 by Xmas. We shall see.

Great gains so far - I expect some profit taking soon though!

Time to return.....

Latest News :


Fibernet Group plc, the bespoke network service provider, today announces
that it has significantly extended the reach of its metropolitan network
services in London.

Following the procurement of further network routes from a leading provider
of optical communications infrastructure, Fibernet has considerably
increased its addressable market and potential customer base for its bespoke
network services in London.

Services available on the extended routes include:

* Business Continuity and Storage Area Networking
for large corporates and financial services
organisations

* London and National Carrier Ring memberships for
Service Providers

* Advanced data networking services including Wave
Division Multiplexing, Gigabit Ethernet and
Internet Protocol (IP) for both wholesale and
retail customers

Charles McGregor, Chief Executive, Fibernet Group plc, comments:

"The additional capability in London complements our existing metropolitan
network and greatly enhances our coverage. Fibernet is now even more
competitive in London and we look forward to the provision of further new
and exciting services for both our Enterprise and Service Provider customers
in London."

Fibernet's London Network

Already one of the most pervasive London networks, Fibernet has increased
both the reach and density of its network in all four of the key geographic
areas: Heathrow, the West End, the City and Docklands.

The total length of Fibernet's metropolitan area network (MAN) in London is
now over 300 route kilometres, including nine river crossings. The network
directly passes the top one thousand company buildings in London and is now
even more diverse, flexible and resilient than before.

The enhanced network significantly increases Fibernet's future potential
revenues from its operation in London, the world's leading business and
financial centre. Fibernet currently serves a host of blue-chip
organisations in London, including HSBC, JP Morgan Chase, CSFB and Deloitte
& Touche.

In the West, Fibernet's London network now extends as far as Heathrow,
adding the ability to address new customers from lucrative business areas,
including: Heathrow Airport, Stockley Park, Wapping, Isleworth, Brentford
and the Western Corridor.

In the East, Fibernet has increased the density of its network in The City
and Docklands. Fibernet now has a total of five routes between the two
locations, increasing the potential for business from the key Enterprise
customers in the financial services and media sectors.