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".

Added again today. The results should prove to be a spur on.

cheers Gf.

Moving up nicely today!!

Let's hope it continues.. :) (although every time i say that on any share, it goes down soon after! - but not this one, I hope!)

Does anyone have more news on when the results are due ?

You were right!

Here a news story from the guardian today
Host to be piped aboard

Tuesday March 30, 2004
The Guardian

Pipex Communications was back on the move yesterday amid talk that it is close to sealing the acquisition of Host Europe, a deal which would make the firm one of the biggest listed on Aim.
According to market gossip, Pipex, run by serial entrepreneur Peter Dubens, has instructed its broker, Collins Stewart, to raise about 31m by way of a share placing to pay for Host. If Mr Dubens pulls off the deal Pipex, a broadband interest and telecoms company, would have a market capitalisation of about 230m.
However, traders reckon Pipex has no plans to seek a main market listing at the moment.
Pipex shares closed 3.4% higher at 11.37p last night, while Host Europe rose 1% to 2.36p.

and this from the Times

Talk that Pipex Communications, the internet service provider, will unveil a share placing tomorrow to fund the purchase of Host Europe, 0.04p dearer at 2.36p, helped its shares up 0.37p at 11.17p.

What is the market capitalisation now compared to the projected cap of 230m?
How will this affect the share price?

i don't know a lot about market capitalisation and the like i am a newbie the story was sent too me from digital look they have more info there

ok Thanks. do you have the link ?

Moneyam quotes page shows mkt cap for PXC as 108m & for HER = 21.5m. Don't know how accurate/up todate this info is. However, it only comes to a ttl of 130m mkt cap.
Difficult to see where the projected 230m comes from ?

http://www.digitallook.com thats the link for digital look
http://www.guardian.co.uk/business/story/0,3604,1180699,00.html thats the link for the guardians story
http://www.timesonline.co.uk/article/0,,748-1056259,00.html and this is the link for the times story

Many thanks

rememeber before further acquisitions, pipex value was 12p+ a share. now a furthur acquisition is almost definate, take your bets people, we see how far it gets..

Checked on Yahoo Finance website.
PXC mkt cap = 202.5m
HER mkt cap = 27.6m
This is how the 230m joint mkt cap comes about.
Be interesting to see where the SP now goes. I'm not going to make any upside predictions cos then the SP will dive ! :)

Do we ignore all the selling again 3M so far?

its been goin on for awhile now, the sells are out weighing the buys, with results so close why would people want to sell. its all in the open about pipex. the companies share value is worth around 12p to 16p currently, theyll will be anoucing a new acquision soon. yet thers little interest in this baby. i think this will be a long term buy. be patient..

Big buy at 17:30

will see the rise 2morrow!! hopefully... are results on the card whos knows anything can happen..

The deal must be done!

Results posted, excellent news too regarding Host and only up .38 whats going on does anyone know? Is the news of Host having an adverse effect?

I reckon results were not exactly sparkling anough. Too much jam tomorrow ! although results for 2004 will be good and 2005 excellent! Also, there's a fund raising involved to finance HER. I think, in the short term, we're going to have to rely on broker BUY recommendations and good press over the weekend.
Should also get good mentions in next weeks shares mag. & Inv. Chron.

Need to keep in mind that the market overal is in the doldrums, not much buying going on. This may change once the new tax year gets under way next week