It is stated in Saturdays Sun under Sun City that shares will be issued to investors at dicounted price 6.25p. Looks like a rights issue after all.We should hear the good news this week I hope.

Nick,

Not doubting you, but may i ask how you know that please?

Is it not the case that there was placings when gxn bought the previous companies at big discounts to asset value and the buying did not stop.This is long term.

Fight for your right to PARTY .............and buy'em up Lads

Article in the weekend FT says "GX will fund the acquisition with 27.7m in new shares already placed with institutions, a 15m debt facility and about 10m from cash balances".

It's a bit ambiguous. Does "already placed" refer the the protected trades we've seen in the last few weeks or does it mean "placed and ready to be rolled out to investors"?

Few facts on Pipex from the article:
- UK's first ISP, founded 1991
- Acquired from WorldCom by Rickards family in 2001
- 119,000 customers, 5th largest broaband provider
- 6 per cent broadband market share

FT Comment:
...puts [GX] ahead of better-known providers such as Tiscali and Demon in broadband market share...", "The sector has had a torrid time and GX's moves will be seen as a precusor to further consolidation".

Prominent article, about 7 column inches on top of page M5.

Doug

already placed at 6.5p is the understanding..

Hi all

I am fairly new to dealing and am pleased to say that I brought these shares on the advise of all the people on this board. However would I be right in saying that when the new 443million shares admitted to trading on the 28th October the share price will drop? If so would it not be wise to sell a few days before and then buy back in? All feedback greatly appreciated

we hold a few thousands in GXN lots of brokers have said buy but nothing has happened to it - I am just breaking even but if they go up just 1p will make money but they just sit around 7p well what to do... I dont know - they look a solid company, lots of positive talk. hope they dont go down...let us know what you think

patience is a virtue don't sell hold and think long term

7.7 m Sells in 5 mins to 3pm...
Def a long term winner zul187... but forget about being a multi bagger between now and Santa arriving,too many shares in circulation.
C

Harding, they've sat at 5p and nothing happened. Then they sat at 6p and nothing happened. Now they're sitting at 7p and nothing is happening. There's a definite trend here, be patient :-)

Caravaggio, the 7.7mln were BUYS! Look at the time stamp and the bid/offer at that time ie 7.25 = 7.5. So was the 404mln.

Bought some this AM and am browsing the BB,s. How is it Stocktrader that the 11mln show up as sells on every site that Ive looked at but a couple of posters are saying they are buys? Would this not make looking at live streaming pointless as you would never know facts.

I've been in a couple of weeks now and it's beginning to look interesting. I look at the live stream whenever I can, and can't figure out when buys are sells and vice versa. It baffles me - any help or explanation would be much appreciated

I would of thought if you look at the price actual price paid on the streams as opposed to the bid offer, then you may get a true reflection of the scores on the doors.On top of which all streamers state not to be accepted as true so as not to influence your judgement.

It is when so many prices are in black and between the bid and sell price that I cannot work out.

I sold RED for a small profit recently and bought a stack of GXN. It looks as though GXN have lots of support, and they are actually moving quickly to take advantage of suffering small co.'s and snap them up for a song.

All that remains is for GXN to show signs of making a profit from the greatly enhanced user base (thanks to Pipex) and we should see some serious movements in share price.

If this co. is the 5th largest player who are the other 4. Please

Well, BT will be in there, Demon's probably one of the top 5. Easynet are probably in there, too. The other one, anyone?

Fibernet cable & wireless, ntl,aol aao (-:

HT.

Kram, Caracole, sorry for delay, dont look in here all that often.
Its called manipulation. Its done by both market makers and institutions. They have become very adept at disguising trades. Most of it is in the timing. Take a share price of 5 on the bid and 5.5 offer at 10am. A sell of say 10 x normal market size is placed at 10am @5p. Because of its size it does not have to be reported as it happens, it could therefore show up 3 or 4 hours or so later. Now its 1pm the bid/offer drops to say 4.5 / 5 . The trade is then shown, and of course it looks like a buy when in fact we know it was a sell. In addition to that, trading is often done inside the bid / offer and sometimes very close to either side of the Mid price or even at what appears to be the Mid price at a single point in time. It is therefore to answer your question fairly pointless, however if you study the trade prices very closely as they come in you will notice that the prices do change slightly without effecting the bid/offer. This can sometimes give a clue as to what is really happening. Level 2 data also helps.
My apologies for the essay, hope it helps.