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".

"WiMax should also provide faster speeds than wi-fi up to eight megabits per second"

This is incorrect. Wi-fi comes in two speeds - 11Mb/s and 56Mb/s so bother versions are faster than the 8Mb/s quoted for WiMax here. What is true is that Mb/s is much faster than the 384k/s provided by 3G.

"building out a network involves complicated planning and typography" - think they may mean 'topography' unless the're worried about the typefaces on the marketing literature.

Very happy to see the exposure for Pipex but are Times articles always this sloppy?

Doug

Sloppy or not PXC will continue to rise over the next 3 months... Also, there's more talk/speculation that BskyB will make a bid...this is nothing new but is getting more frequent... SP 20p+ in 3months (imho)

THIS FROM ANOTHER BB THIS MORNING...PXC looking good..
Business section of the Sunday Telegraph
Market miscellany
Edited by Edward Simpkins
(Filed: 15/01/2006)

Pipex

Pipex is one of the last independent internet service providers in the UK. It is valued by investors for its solid core business providing broadband internet, network services and website hosting for consumers and small companies.

The shares (13p) trade at a price to earnings ratio of more than 21, which makes them more expensive than the sector average. However, Pipex is well placed to benefit from the rapid growth in take-up of broadband and the company is only one of two in the UK with a WiMax licence, a wireless internet technology seen as the natural successor to WiFi.

Pipex's licence, according to Merrill Lynch, "could have significant upside". The company is a potential takeover target and we believe the shares have further to run. Buy.

Does anyone know if buy on the trades sheet means actully buys cause there is a lot buys but price seems to go down rather then up when there is so much demand

It's just a computer guess - not reliable. Take care. And it doesn't account for trades made elsewhere eg Virt-X

Up again ,what might they achieve long term or short term.Takeover before Easter?

Cool! looking like 20p+ by Easter...that'll do me nicely..x 2.5 bagger.

where does this go now they had too many shares in issue as it was and last accounts they had 11m pounds cash what happend tp all that cash

s'pose it depends what they do with it... can only be good I would've thought

Got this from another BB....

Featured in today's Shares Mag page 19:

The One-Hit Wonder Stakes. The Shares team focuses on a field of 10 all of them companies that have staked their future on one big bet. Fortune or flop? It could go either way, but to help we have given our estimate of the odds of
success for each companys one brilliant idea.

...

The company is forecast to become profitable in 2006, with broker
Seymour Pierce anticipating profits of 2 million in 2007. The shares
hit a high of 16.5p this month and look set to rise further in 2006 as
sales increase.

Odds of success: 6/4 (top of the list)

A few paragraphs about the company, background information, nothing particularly interesting.

skyhigh, I think you'll find that article relates to Hardide
2517

Yes, I know... I'm just trying to get Hardide some attention... it's worth buying into and it seems I'm alone on that thread.. :(

WoW!!!
144 million in sells after the bell ?

350M bid for Pipex from BT according to the Sunday Business


http://thebusinessonline.com/SectionStories.aspx?Top%20Stories&SectionID=F3B76EF0-7991-4389-B72E-D07EB5AA1CEE&menu=1

BT mulls 350m bid for Pipex
By Tony Glover
05 February 2006


UK telecoms giant BTs third-quarter results, to be announced this week, are expected to show rising revenues. At the same time it is weighing a 350m-plus (E508m, $626m) bid for internet services provider Pipex.

City of London analysts expect BTs revenues to rise to 4.87bn from 4.58bn in the same quarter a year earlier. For BT Retail and BT Wholesale, sales are expected to have been flat at best.

But earnings at BT Global Services, the groups international business outsourcing arm, are expected to have risen to 2.15bn from 1.84bn. Earnings before interest tax, depreciation and amortisation are expected to have fallen from 1.4bn to 1.36bn, with the difference broadly accounted for by additional leaver costs.

BT is also planning to steal a march on competitors by launching new mobile services over wi-max earlier than expected with an announcement expected this week or at next weeks 3GSM, the mobile phone industrys big annual conference being held in Barcelona.

BT intends to use wi-max, a wide-area version of the short-radius wi-fi technology that BT already offers in hotels, homes and offices, to cover town centres. This dovetails with the launch of new wi-fi enabled mobile phones from manufacturers such as Nokia.

But according to one City source, the flaw in BTs wi-max strategy is the lack of a licence to operate in the wi-max spectrum. Only two companies own wi-max licences in the UK. One is Hong Kong-based PCCW and the other is home-grown internet services provider Pipex.

A source close to BT said it is considering a bid of more than 350m for Pipex to boost its plan to develop wi-max networks in the UK. BT and Pipex refused to comment.

butane

interesting news re BT, should see the price up in the morning by a fair bit i reckon..

By my reckoning 350m would be 15p per share or about a 13% permuim to Friday's closing price.

Flying this morning!

Patience is a virtue. In at 6 some time ago now.

zscrooge - call that patience? I've been in since this was GX Networks. First bought in in July 2003!