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".

Down we go

A few large dodgy deals M,T and X trades now. What next?

Not much ! I guess ! >>>> this'll drift untill there's an awesome mega announcment of some sort! then we'll be saying again : what's next... a repetitive groundhog day all over again !

All the big trades look as if they are sells. Lets see if anyone picks them up.

small caps mkt crap. October always bad month. never expect anything good.. also no big awesome massive sales/deals/contract news means nothing to support sp... I'm lying low and riding out the storm.. will start topping up Nov/Dec on continued weakness.

Every month a bad month for this company. Everyone is losing interest here. Put up the for sale sign Dubens and move onto something else. Leave it to the big boys

http://www.newratings.com/analyst_news/article_1067833.html

http://news.bbc.co.uk/1/hi/technology/4353590.stm

Looks like another bad day coming up, FTSE already down 38 points !

Just I wrote the above the bid went down to 8.5p ! Funny that isn't it !

Not really. I would laugh if the share price went up.

just 3 days into the weak and I'm well down on my portfolio again. everything red again so far today! :(
Just going to have to ride out the storm and hope the fallout isn't too bad... will hold on for the next 2/3 months through this little bear phase and hope we can come through all this stronger.. :)

Just steady acquisition and growth...surely!
40000 customers at say 15 per month = 7.2m per annum. Purchased paid for in just over a year. Good decision?

As for Pipex continuning to grow and consolidate costs....it could end up on a better P/E than its competitors who are carrying bagage. So...1 to 2 years could see a nice divi declared and the share price well up on its current level.

Just a view....

Good view and one for the long term..trouble is we said this 2 yrs ago and we're no further fwd on the SP.
Also, with the competition there is in this sector, broadband prices are coimng down all the time. PXC will also have to drop their prices at some stage which means they will have to increase their subscribers to keep pace.....Still think ther'll get taken over/ merged at some stage. (imho of course)

Markets getting grimmer & grimmer this morning ! yuk !-

Skyhigh....thanks for your comments.
Agreed.
It is certainly a highly competitve environment. I feel those who collect customers now and keep efficiencies will do best. (this is just good business sense I guess).

Perhaps my investment approach on Pipex is let it slowly creap up on the scene and then suddenly appears quite a large profitable group where 9p looked very cheap indeed. Patience I suppose.

Looking forward to next full results...

Who is going to buy these with a spread of 8% ?

Theres some new ruling coming in for small caps isn't there that will cut such spreads for the small investor??....am I right....picked it up in Shares Mag!

Sooner the better andrewbertram2003

9m of trades. someone topping up or stake building?

Looking a little better now they have moved the spread. More big buys. 5% still too big. LOL