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".

few surprises except for doing well and building for healthy finals in 6 months.

I believe the days of the SP being sub 10p are running out....we'll look back in a year or two and realise how cheap it was!

:-)

surely few surprises = no movement in the share price then!

some have been following this share for 2 years already and its still as boring as it was... lol

i hope it does go above 10p, but right now there are other's rising quicker (YOO), and have been for several days.

Skids you are right. But the moment we let go of Pipex you know what will happen. (Yoo) I have been following...... Nice movement

Troys,

PET has gone mad today on the long awaited contract announcement. Made my profits, so may come back into PXC - I'll decide first thing tomorrow morning ;)

skids

Nice one Skids. Great result .......LOL

Been a while on the this BB - Used to hold this Pipex..eventually I sold out and glad I left, thats no disrespect to the holders..
Its still actually lower than when I sold out 18months back and switched to CTm instead which has risen 40%..! fr, brave but paid off..om 40p to 64p and still rising...

This was a good decision on my part

Good luck to all..

Pipex Communications PLC
08 September 2005

8 September 2005

PIPEX COMMUNICATIONS PLC
RESULTS FOR THE HALF-YEAR ENDED 30 JUNE 2005

PIPEX Communications plc, the provider of broadband, hosting and network
services, today reports its results for the half-year ended 30 June 2005.

Financial Highlights
Turnover up 47% to 64.1m (H1 2004: 43.6m)
Gross profit up 44% to 29.3m (H1 2004: 20.3m)
EBITDA before integration costs up 32% to 7.5m (H1 2004: 5.7m)
Profit before tax and amortisation of 2.5m (H1 2004: 2.0m) up 25%
Free cash inflow of 5.4m, from an outflow of 1.3m in H1 2004
Balance sheet cash of 12.5m (December 2004: 11.3m) and net debt of
19.0m (December 2004: 20.6m)

Operational Highlights

Acquisition of Donhost Ltd for 6.4m strengthened the Hosting division
Total customer numbers for the Group increased 38% to 524,000 compared to
the same period last year
o Broadband customers rose 75% from 123,000 to 215,000
o Hosting rose to 260,000 from 142,000
o Domain names rose to 1.2m from 0.8m
Data centre utilisation now 70%
10-15% of new broadband customers also taking voice

Post period end
Commenced Local Loop Unbundling
Trial of 3.6 - 4.2 GHz spectrum to test WiMAX


Peter Dubens, Executive Chairman, commented:

'I am pleased to report record sales, EBITDA and free cash inflow for the first
half of the year. We will continue to focus on the key growth areas of broadband
and hosting both organically and through acquisitions where we again see a
window of opportunity to increase shareholder value, as we did in 2003 and 2004.

'The initial orders for unbundling local exchanges have been given to BT and we
are confident that this will lead to a greater utilisation of our network,
better margins and enhanced product offerings to our customers in the future.

'We see the momentum for wireless broadband gaining pace and we look forward to
the results from the first official UK WiMAX trial utilising our spectrum, which
could now hold significant value for the Group.'

Can't get much better than this. LOL

MM's upto the usual games?

Time to muster some more shares at these prices

Troys.. Many thanks for posting the highlights.

I think that while,overall the results and everything looks good the net bottom line isn't substantial anough to take the market by storm...PXC should really be left with a lot more money to be able to do alot more with. i don't think the markets were overly impressed, hence the sp mark down.. (I guess that as long term holders we should be surprised by this !).
Expect the sp to continue to tread water or strengthen a little over the coming months. I'm continuing to hold as potential is still massive in the long run... good time to top up !

i suspect, no surprises in the results has caused many to jump ship. i find it hard to believe now that PXC will rise substantially for another 12-18mths, but that is just IMO.

Well Skids....interim results are out.

Good I think. All smacks of good steady growth.
As for amortisation etc well we will take that on the chin for the time being.
SP backed off a little...hoping it settles.
I guess not much would happen with this SP for a few months now.
Could be opportunities to buy in cheaper if marker were to dive for some event!

Other than that I am keeping tight and looking forward to next year....

suggestions of further aquisitions has spooked investers.if they are bought with the issuing of even more shares then this sp will remain a slow mover for some time to come.the intrim looks ok with improved turnover and profit and potensial new revenue streams for next year.this is the 3rd set of results that has shown constant steady improvment just the type of bussiness that fund manages are attracted too.

Peter Dubens, Executive Chairman, commented:

'I am pleased to report record sales, EBITDA and free cash inflow for the first
half of the year. We will continue to focus on the key growth areas of broadband
and hosting both organically and through acquisitions where we again see a
window of opportunity to increase shareholder value, as we did in 2003 and 2004'

Value down the pan so far !!!!

More dodgy dealing I think........4m T- Trade. Deals for the boys IMO.

just bought 50000 it as come up as a sell.

All this MM and stuff does my head in. I guess the small investor like moi is always well and truly at the back of the queue when it comes to the forces of market and economics.....I guess I need to learn how to ride the camels back so to speak!

"increased shareholder value" what exactly does that mean hey!
I doubt Peter Dubens cares about shareholders and more to building an empire and being remembered for it. Create, Accolade, Spawn...next! maybe?

anyway....there are good things about this company I wish it could equate to a good P/E and up the SP....mmm

EBITDA rose 32% to 29.3m from 20.3m previously, while turnover soared by 47% to 64.1m. Pre-tax losses increased to 3m compared to 1.8 loss incurred in previous year due to intangible amortisation costs of 1.5m.

Total (Paris: FR0000120271 - news) customer number for the group increased by 37% with broadband customers rising by 75% to 215,000 subscribers from 123,000, while the other two divisions, hosting and network services also performed to expectations.

This from Yahoo Finance explains why the share price reacted badly..

In a telephone interview, chief executive Mike Reed said the company would gain pre-tax profitability only through further acquisitions. This year it has already extended its hosting business by acquiring Donhost for 6.5m

"We will continue to focus on the key growth areas of broadband and hosting both organically and through acquisitions where we again see a window of opportunity to increase shareholder value, as we did in 2003 and 2004," the group said in the statement.

Pipex 1H Cashflow Stronger-Than-Expected

Thursday, September 08, 2005 3:36:42 AM ET
Dow Jones Newswires



0721 GMT [Dow Jones]--Pipex (PXC.LN) 1H results are bang in line with Investec forecasts, and in line with trading statement. Analyst Matthew Pearson says cashflow of GBP5.4M is ahead of expectations. Company is still strategically reviewing its WiMAX license and the license could hold significant value for the company. This suggests that although it is only in the trial stage, Pipex might consider selling the license. Rates at buy. Trades -4.1% at 8.875p. (NPF)