Tipped by the independent 2/01/2004

........."And so to our traditional "wild card". Pipex Communications, formerly known as GX Networks, is a telecoms company created by one of the entrepreneurs behind Ukbetting, Peter Dubens. It has been assembled from six smaller players. The ambitious company is generating cash for the first time but is still not widely followed in the City. It could be an undiscovered gem".

http://www.britishbulls.com/StockPage.asp?CompanyTicker=PXC&MarketTicker=NON-CYCLICALS&Typ=S

I suspect it will move earlier than 6mths, but that is only IMO. PXC has been noticed now (about time), so something will happen soonish I imagine. I still think 12p is the short-term target, possibly by take-over!

Are the MM's playing games. A little tree shake to get rid of the short termers?

All they have done is move the spread from 8.9% to 3.1%

Cannot believe that all the trades are sells. not one buy!

huge sells going through...

5p here we come!!!

Very much doubt it, look back to the Autumn. Much bigger sells and buys and the SP continued quietly within its trading range.

ditto

dog shit stock

72 milion shares sold today !!
Somebody dumping a hell of a lot of stock, Wonder why?

Bid price unchanged as shares absorbed by the house broker. Draw your own conclusions.

nice language and contribution apoco.

Missed the late afternoon trades today. Wow!!! a wapping 73million Sale/Buy. No price movement. Interesting times ahead i think. Does anyone know whats going on?

May well be further Institutional buying (or selling). Same thing happened last year when Scottish Widows Investment Partnership purchased 70 mil shares, (Aug 04). It also took a considerable period of time before UBS AG accumulated their 421 mil shares (Nov 04). Therefore would not be surprised if this is a similiar situation. I rather hope that it is institution buying, it decreases the amount of shares effectively in issue and why shouldn't it be? PXC are now a profitable company and significantly underated. As always with PXC patience will be required!

Regards

PTH

Sigh. It's no longer patience that I'm using with PXC. It's stoicism.

Well, whatever stoicism is - I'll have some of it as well.
Very disappointed with the sp this week on the back of good results and "buy" recs. However, sp has remained fairly level when lots of other company share prices have gone down and for no good reason.
Going to keep holding these and top up when I can.....

maybe pipex should reduce the size of shares on the basis that there is too many shares in the company

I used to have trouble sleeping until I brought this stock.

Do we get the late run of large volume trades today?