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".

Someone is after Pipex and is hoovering up all loose shares at the moment (today & recent RNS). I suspect the price will stay low until they have their lot....

their not having mine thats for sure.

Nor mine

nor mine... unless it goes upto 15p

12.5p will be tempting!

Price might go down further if another institution wants in!!!

At sometime in the future there going to want out ! with profits !

Lets keep it quite and to ourselves or it will go down again !!

Oakapples you are so right. Not saying a word

was supposed to stay down, until i got in !!!!!

This stock has a long way to go before is gathers any interest again.

"I am saying nothing"

;)

gone up to 8p now.... wazzup! Even sell quite high ;)
Common rise bugger rise!!!

8p the limit here for a while i think

Name of acquirer
UBS AG London Branch
Beneficial owner, if different from above

Names of any other persons acting by agreement or understanding (see SAR 5)


Company dealt in PIPEX Communications PLC
Class of voting shares (eg ordinary shares) Ordinary Shares
Date of acquisition 18th May 2005

Number of shares acquired 2,400,000

Number of rights over shares acquired #


Nature of rights over shares


Total holding of voting shares (and percentage of total voting shares in issue) 439,021,029 (20.10%)

Total holding of rights over shares (and percentage of total voting shares in issue)

Combined total holding (and percentage) of voting shares and rights over shares

Date of disclosure 18th May 2005

Contact name Joseph Evans

Telephone number 020 7567 8286

Date of acquisition 08 April 2005...

Acquisition in Pipex Communications Plc Ord 1P



(1) Class of voting shares

(eg ordinary shares)



Ordinary .
Number of shares/rights over shares acquired

5,000,000.. shares


... ..rights
If rights over shares acquired, as opposed to the shares themselves, specify nature of rights



.. .




(2) Resultant total holding of voting shares (and % of total voting shares in issue)



391,950,180 ( 17.95 %)
Resultant total holding of rights over shares (and % of total voting shares in issue)



..... ..
Total percentage

17.95%*

OK NOW... UBS AG London Branch have increased holdings to over 20%.... to me this looks very interesting!!!
Someone is out to increase their holdings majorly... someone sells 600k of shares and price still remains same... looks like mm's absorbing the share for someone?

sidtrix,

this has been the case for a while now. whoever it is, they want even more shares!!!

skids

Yeah I know... just nice to see some stability at this price even after some major selling! Just thought I'd remind people that someone is lurking behind the bushes.

1.3 million sell and bid goes up to 8.50!
Sell is now 8.18 (even higher than it was after they reported this years profit)

Is there something any knows?

It will not last. It never does