Nice rises Friday and today,after being tipped up by Money Week magazine ,with first half sales up 86%,and a cheaper Broadband bundle than Car Phone warehouse,a forward p/e of 15.4 and a likely takeover target seems the one to be on in a guarateed consolidating sector.

it will be on the basis that delayed news is often not good ..... with E&P companies it is invariably bad ...... in this instance, i do not think it actually anything untoward, though it would be "good manners" for PXC to make some sort of statement, even if it is only that the various bids are being evaluated or similar

"my man" in the market suggests that though the bids may be with PXC, they may not release anything for up to a couple of weeks .... how valid a view that is, i have no way of evaluating

Must be some news out there or rumours?

Lehman Bros no longer have an interest, they wouldn't have sold if the prospect of a higher price (a bid ) were imminent, would they?
2517

Big sales in morning & big purchases in afternoon - Dont know what to think


818,750 16.38p 5,000,000 11:06 Unknown X
165,399 16.25p 1,017,842 08:11 Sell AT
165,000 16.50p 1,000,000 12:11 Buy AT
165,000 16.50p 1,000,000 12:11 Buy AT
136,602 16.50p 827,892 12:11 Buy AT
41,250 16.50p 250,000 12:11 Buy AT
40,625 16.25p 250,000 08:11 Sell AT
40,625 16.25p 250,000 08:11 Sell AT
39,986 16.50p 242,372 12:04 Buy O
36,648 16.50p 222,108 12:11 Buy AT
33,000 16.50p 200,000 12:11 Buy AT
32,860 16.43p 200,000 09:47 Buy O

not if they made a good profit and want to move on to something else but ubs are still in there as a big holder.

i am very happy to stay put though distinctly overweight ..... we know bids have been tabled, and sooner or later (latest 10 days?) all will be revealed ..... i still think this will leave the WiMax and another piece (forget which) to sell off

Just had a look at Plusnet (PNT) which got to 207 without any auction

hlyeo98 - 18 Jul 2006 19:26

If there is one thing this game teaches, it's patience!

Seem's tobe a lot of people getting cold feet!!!

Marcel-------Never be afraid to take a profit.
2517

That's if they have all made a profit!!!

BT Gains Regulator Approval For Pipex Bid

I think the shares are still good buy
My Target is 20-22p

I hope you get the price you want but BT won't overpay, the best scenario would be a bidding war with 3 participants. Good luck.
2517

UBS AG (EPT)
28 March 2007

FORM 38.5(a)



DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

WITH RECOGNISED INTERMEDIARY STATUS

DEALING IN A CLIENT-SERVING CAPACITY

(Rule 38.5(a) of the Takeover Code)



1. KEY INFORMATION


Name of exempt principal trader UBS AG London Branch
Company dealt in Pipex Communications Plc
Class of relevant security to which the Ord 1p
dealings being disclosed relate (Note 1)
Date of dealing 27 MARCH 2007





2. DEALINGS (Note 2)



(a) Purchases and sales


Total number of securities Highest price paid Lowest price paid
purchased (Note 3) (Note 3)


159,142 16.4917 Pence 16.4917 Pence




Total number of securities Highest price received Lowest price received
sold (Note 3) (Note 3)


- - -



(b) Derivatives transactions (other than options)


Product name, Long/short Number of securities Price per unit
e.g. CFD (Note 4) (Note 5) (Note 3)








(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying


Product Writing, Number of Exercise Type, e.g. Expiry date Option
name,e.g selling, securities price American, moneypaid/received
call purchasing, to which the European etc. per unit (Note 3)
option varying etc option
relates
(Note 5)







(ii) Exercising


Product name, e.g. Number of securities Exercise price per unit
call option (Note 3)












3. OTHER INFORMATION



Agreements, arrangements or understandings relating to options or derivatives





Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.



..............................................................................



..............................................................................






Date of disclosure 28 MARCH 2007
Contact name NIMISHA SACHDEV
Telephone number 020 7568 9289
Name of offeree/offeror with which Pipex Communications Plc
connected
Nature of connection (Note 6) CONNECTED ADVISER





Notes



The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk


This information is provided by RNS
The company news service from the London Stock Exchange

What does it mean?

UBS AG (EPT) dealing in Pipex's shares. 159,142 shares purchased.

Not a very significant amount though. found it in FT's website.

an irrelevance ..... a little more patience required, tiresome as it may be, though if i get very very greedy and sp falls much more, i may buy yet more for downside is negligible to nil (imo of course!)

No news again today - How much longer