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".

End of july skids maybe too late the way this share is going.

Hope not. I think things have now come together and PXC are in a good position to increase numbers substancially. As always though time will tell, and its a "stick with it" ot "sell out" choice. I don't need the money (yet) so will stick with it for now.

Hope you are right Skids. No point selling now. LOL

Tades are picking up again in the old dog. LOL

Interesting article



http://www.adslguide.org.uk/newsarchive.asp?item=2278

Volume up...price nudged up a bit...any thoughts?

Better market sentiment for small caps/Aim etc..money coming into the mkt will gravitate to quality stocks... Pipex undervalued... think the worst may now be over... UK interest rates about to fall, probabaly in Aug.

Pipex Communications PLC
08 July 2005

8 July 2005



PIPEX Communications plc



Trading Update



Solid trading performance and strategic local loop unbundling





PIPEX Communications plc (PXC), the telecoms network operator and provider of
business and residential broadband solutions, is pleased to announce solid
trading for the first half across all divisions. Sales are up 46% on the same
period last year, with gross margins of 45%. Total customers at the end of the
period across the group now exceed 500,000.



The broadband division has performed well, ending the period with 215,000
customers, up 75% on the same period last year. In the last quarter the
division saw gross customer additions of over 8,000 per month with average
revenue per user per month remaining at 24.



Given the number of broadband customers that PIPEX now has, we have identified
over 60 exchanges that have sufficient customer density to make strategic local
loop unbundling ('LLU') very attractive. Those exchanges, which will be
unbundled over the next 18 months, will have a payback period of under 2 years.
The broadband LLU plan takes full advantage of PIPEX's low cost core network and
associated points of presence.



The network division enjoyed good organic growth in the first half winning a
number of key complex hosting and access accounts. The Board is also delighted
that PIPEX has hosted the 2012 Olympic bid website since inception and
congratulate the bid team on winning.



The hosting division now represents 20% of group revenues, with over 260,000
customers, up 84% from this time last year, and with over 1.2m domain names. The
integration of this division has gone extremely well, including the recently
acquire Donhost which is on course to be fully integrated with the PIPEX data
centres during this quarter.



PIPEX continues to evaluate the opportunities around its 3.6 - 4.2Ghz wireless
licence and, as announced during the full year results, will be undertaking
trials in the second half of the year. We are also reviewing potential joint
ventures on the spectrum.



PIPEX will report half year results in early September.



Peter Dubens, Chairman of PIPEX, commented,



'The first half has seen a solid performance with good growth across our
broadband, hosting and network divisions. We are very pleased that the
broadband division now has significant customer density around a number of
exchanges, making strategic local loop unbundling a compelling opportunity for
us. We continue to focus on a policy of low capex to sales and will only
unbundle exchanges where it is attractive to do so. We are following the
developments of WiMAX closely and continue to assess opportunities for our
spectrum.'



-ends-



For further information please contact:


PIPEX Communications plc 020 7766 6909
Peter Dubens, Chairman

Financial Dynamics 020 7831 3113
Juliet Clarke / Edward Bridges / Ben Way





About PIPEX



PIPEX is a multiple award-winning provider of integrated telecommunications and
Internet services. With a broad customer base including small/home-offices and
blue chip companies, PIPEX provides a comprehensive range of consumer, business
and corporate voice, broadband, security domain name registration and shared and
dedicated hosting solutions.



PIPEX's focus is simple: enabling businesses and consumers to achieve their
aspirations through proven communications services and emerging technologies.
This is achieved through an extensive portfolio of high-speed Internet
connectivity, managed services and hosting, security and voice products -
combining exceptional performance, innovation and a commitment to customer
service.



Owning one of the UK's most extensive communication networks, PIPEX boasts more
than 100 Points of Presence (PoPs) nationwide, including 20 point-to-multi-point
radio PoPs offering wireless DSL. In addition, five state-of-the-art data
centres, which are manned and monitored 24x7, ensure the security of PIPEX's
customers' business critical applications. Its commitment to investing in its
technology infrastructure ensures that PIPEX continues to deliver the most
scalable, resilient, secure and reliable services.



For further information please visit
www.pipex.net







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

a nice bit of news to start the day... and with fulham staying up, in a month or so pipex's exposure is going to increase no-end. this will help as many opt for BT or AOL simply because of brand awareness. if pipex can join them in peoples perceptions then it can only be good.

Are we going to hit 9p today?

About time this mule got going. Pity I sold mine :-(( Oh well, it was bound to happen eventually, just ran out of patience.

Good luck to those who have more patience than I.

pth

Perhaps we will see 12p in July afterall...

Lets hope so Skids. Good volume now over 17m traded so far. LOL

Finally. Let's hope it doesn't fade again when the news wears off.

This share is very much driven by news. We are unlikely to hear any for a while. Hope investors sit up and take notice of this growing company. LOL

Hi All,

Nice 50 MA crossing the 200 MA, not quite a golden cross, but close enough to make me think 12p is likely.

Did anyone notice the two 500,000 trades at 87.5p ????

Someone is going to get a schlappp on Monday, when they realise they are showing 393,750 too much paid for EACH trade :))))))))))))))

Big T trades all day, and they tend to hold the S.P back, as the MM's fill them at pre-agreel prices, usually at a discount, most end up at mid-price, but once they are out of the way 12p should be attainable.

Cheers,
PM

ah jeez, you own a share for ages and then the serial ramper turns up..unlike other shares this is not rns's r us...hopefully PXCs mule like movements will bore ..

zscrooge Hi,

Who are you referring to ?

Cheers,
PM

Hi All,

As we can see from the chart, the 50 MA has crossed a (just !) rising 200 MA, Momentum is UP, MACD is on the turn, and ready to go up, and lastly volume is UP, combined with a long term double-bottom.

All these signals point to a price rise, TA facts, no ramping required. Add that to todays news, and I see no other way than UP.

Cheers,
PM

Boring it may have been, but it could rise very nicely on monday, if these market reports are anything to go by .... and how many C&W investors in the UK and USA will be getting into Pipex, after a Pipex link was made to C&W's rise on Friday ....


Investec, also on Dow Jones Newswire, and Newratings.com
Pipex Shares Look Great Value - Investec
Friday, July 08, 2005 4:36:31 AM ET
0823 GMT [Dow Jones] Investec Securities reiterates buy on Pipex Communications (PXC.LN). Notes Pipex has delivered a further solid trading update, with continued hosting and broadband momentum. It has also announced its strategic entrance into local loop unbundling, initially targeting 60 exchanges over next twelve months. Increases forecasts for FY 06 and beyond "as we see this as a very significant opportunity for Pipex to develop its broadband strategy further and improve economics." Thinks shares continue to look great value. Trades +4.7% at 8.5p. (SMT)


The previous Investec BUY rec' ....
Investec Lifts Pipex Revenue Estimates
Thursday, April 28, 2005 10:24:34 AM ET
1412 GMT [Dow Jones]--Investec lifts Pipex (PXC.LN) FY 05 revenue to GBP137.7M from GBP135.5M, normalized pretax profit by 0.2% to GBP12.3M and EPS by 0.1% to 0.56p. For 06 revenue estimates climb to GBP162.7M from GBP158.2M, pretax profit by 4.1% to GBP19.3M and EPS by 1.8% to 0.87p. "Pipex is not, as is commonly percieved, purely a broadband play," Investec says. Says shares look excellent value and reiterates buy rating. Trades +3.2% at 8p. (DWE)



Also on Dow Jones Newswire and Newratings.com
C&W Gains On Pipex Strength, LLU Plan

Friday, July 08, 2005 9:52:02 AM ET
Dow Jones Newswires

1342 GMT [Dow Jones] Cable & Wireless (CWP) gains 3.3% to 147.5p on the back of strong Pipex (PXC.LN) trading statement. KBC Peel Hunt's Andrew Darley says Pipex operates in the same market as C&W's Bulldog unit so positive comments on trading, and Pipex's decision to invest in local loop unbundling, gives confidence in C&W's strategy. However, Darley notes Pipex is investing in demand-led LLU while Bulldog is speculatively investing. Says rumors of C&W bid for Energis (EGS.YY) have been around for over a year and believes C&W is better off focusing on Bulldog - "It doesn't need Energis," he says. No rating on either stock. Pipex +9.2% at 8.875p. (NPF)

http://www.newratings.com/analyst_news/article_910173.html


This is London, Smaller companies report: Friday close
UK telecoms group Pipex Communications, up 0.63 to 8.75, said in a trading statement that turnover in the first six months of 2005 was 46% ahead of last year thanks to strong demand for high-speed internet access.

Investec's Matthew Pearson praised Pipex's decision to invest in local loop unbundling, which will see the company install its equipment in more than 60 of BT's local exchanges over the next 18 months.



Buisiness Telegraph
Traders said telecoms group Cable & Wireless was 4 better at 146p after tiddler Pipex Communications posted an upbeat trading statement and announced plans to invest in local loop unbundling. Pipex rose 0.63p to 8.75p.

http://www.money.telegraph.co.uk/money/main.jhtml?xml=/money/2005/07/09/cxmktrep09.xml&menuId=242&sSheet=/money/2005/07/09/ixfrontmarkets.html


The Guardian
Pipex in the loop
The recent deal struck between telecoms regulator Ofcom and BT- the gatekeeper to millions of UK homes and businesses - has given telecoms group Pipex the security to spend money connecting customers.

Alongside a generally positive trading update, Pipex said yesterday it will spend 5.5m on local loop unbundling, which involves taking control of the crucial copper line that connects premises with BT's local telephone exchanges. Ofcom and BT recently reached a deal designed to encourage such moves.

Pipex intends to "unbundle" more than 60 exchanges over 18 months in areas where it already has customers. Spending the cash will allow it to increase its margins and introduce innovative new services.

Companies such as Cable & Wireless, through its Bulldog subsidiary, and Easynet are already involved in local loop unbundling.

Pipex added that customer numbers have broken through the 500,000 level and sales for the first six months of the year were 46% up on last year. Shares added 0.62p to 8.75p.

http://www.guardian.co.uk/business/story/0,3604,1524770,00.html


Bloomberg
Pipex Communications Plc (PXC LN) advanced 0.6 pence, or 7.7 percent, to 8.75. The phone company whose customers include Tesco Plc said sales in its fiscal first half rose 46 percent from a year earlier.

http://www.bloomberg.com/apps/news?pid=10000102&sid=aIUDS8w_d7TA&refer=uk


Sharecast
Broadband telecoms group Pipex has seen solid trading in the first half across all divisions in the first half. Sales are up 46% on the same period last year, with gross margins of 45%. Total customers at the end of the period across the group now exceed 500,000.
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=507855


ADSL Guide
Pipex to go the LLU way in sixty exchanges
Author: MrSaffron

The Register has details on the news that Pipex looks like it will be offering its services via local loop unbundling on around 60 exchanges. Apparently the provider has identified sixty exchanges where the number of Pipex users make it worthwhile unbundling. Apparently this will offer a payback period of less than two years. Pipex currently has around 215,000 broadband users.

While any provider will enter LLU because it will seem attractive financially, most of the quotes we have seen on this Pipex news appear to concentrate on the financial aspects of the move, rather than the technically exciting issues of higher speed services, and ADSL2+ services for example. It also seems that we should not expect a nationwide type roll-out, since the service is called 'strategic local loop unbundling', which seems to mean only where Pipex have a high enough density of existing customers.

The timing of this announcement appears somewhat odd to us. This is because it follows just a week after an announcement to implement traffic management on their IPStream customers. We are keeping a close eye on how this traffic management is implemented, since it can take a while to determine precisely how it works, and how an ISP handles the issues that get raised. We hope to look more closely at the issues raised by the traffic management next week.


The Register
Pipex to invest in LLU
By Tim Richardson
Published Friday 8th July 2005 09:33 GMT
Pipex is to invest in local loop unbundling (LLU), describing it as a "compelling opportunity" for the broadband ISP.

With more than 215,000 broadband users, Pipex now has enough users concentrated in some areas of the UK to make it commercially viable to install its own kit in BT exchanges.

Instead of reselling DSL services from BT Wholesale, Pipex will be able to provide broadband services direct to end users.

"Given the number of broadband customers that Pipex now has, we have identified over 60 exchanges that have sufficient customer density to make strategic LLU very attractive," the ISP said in a trading update today.

The investment will pay for itself in less than two years, the company reckons.

Elsewhere, Pipex announced that sales are up 46 per cent on the same period last year with the total number of punters now in excess of 500,000.

"The first half has seen a solid performance with good growth across our broadband, hosting and network divisions," said chairman Peter Dubens.

"We are very pleased that the broadband division now has significant customer density around a number of exchanges, making strategic local loop unbundling a compelling opportunity for us."

http://www.theregister.co.uk/2005/07/08/pipex_llu/



The Independent
Market Report: Hopes of a Bid Power Up Cable & Wireless
2005-07-09
Independent, The; London (UK)

And there was bullish trading news from another smaller player Pipex Communications, which operates as an internet-service provider and competes with C&W's Bulldog brand. Pipex said it had more than half a million customers, and struck an optimistic tone on the outlook for broadband demand. Its shares leapt 0.63p to 8.75p.

Perhaps one-third of the City's professionals did not make it in yesterday, and trading volumes were well down on the average, but there was no doubting the conviction with which the market rose. That the terror will have little economic impact became the accepted wisdom. That US unemployment is at its lowest level since 11 September, 2001, became another reason to buy, buy, buy. The FTSE 100 index of leading shares closed at a three- year record of 5,232.2, up 73.9 on the day. And the mid-cap FTSE 250 was at an all- time high 7,518.7, up 130.8 points. Of London's 350 biggest companies, just 21 registered share-price falls yesterday.

http://www.blackenterprise.com/yb/ybopen.asp?section=ybbf&story_id=75402577&ID=blackenterprise


Cheers,
PM