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".

Good stuff... lots of PXC good news this morning.. SP should continue in an upward manner!

As you say skyhigh, a lot of good stuff, which is why I'm surprised the SP hasn't done more so far this morning.

It has done nothing...why is that???

Pipex Communications PLC
03 April 2006

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

PIPEX Communications plc

2. Name of shareholder having a major interest

UBS AG

3. Please state whether notification indicates that it is in respect of holding of the shareholder
named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder
if it is a holding of that person's spouse or children under the age of 18.

As in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each
of them

UBS AG London Branch 381,444,200
UBS Global Asset Management (Life) Limited 43,015,599
UBS Wealth Management (UK) Limited 1,239,000*

UBS AG (Switzerland) 33,481,500*



* non-material


5. Number of shares/amount of stock acquired

N/a

6. Percentage of issued class

N/a

7. Number of shares/amount of stock disposed

N/A

8. Percentage of issued class

N/A

9. Class of security

Ordinary 1p shares

10. Date of transaction

27th March 2006

11. Date company informed

29th March 2006

12. Total holding following this notification

459,180,299

13. Total percentage holding of issued class following this notification

19.82%

14. Any additional information

None

15. Name of contact and telephone number for queries

Stewart Porter 01296 300 081

16. Name and signature of authorised company official responsible for making this notification.

Stewart Porter, Finance Director



Date of notification: 3rd April 2006




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

How can it be down on the day??!!

easy ! we're being stuffed !....PXC has reacted like this in the last few yrs so no great surprise! . need to continue to hold for the gains to eventually come thru!

what is going on with the shares nowadays?

probably has to do with end of tax year .....cant find any other reason.

Follow this link about Wimax, may be of interest.

http://www.cambridgebroadband.com/app_edge_backhaul.htm

Anybody watched BBCs Watchdog and the Homecall article, Pipex has bought a whole lot of trouble to sort out. Pipex got a mention as well because they are trying to sort the mess out.

It is of some concern that around 400 unhappy people contacted Watchdog. Pipex took on 500,000 Homecall customers, I bet Caudwell was glad to get shot of them and the 43 million debt to go with it.

http://www.bbc.co.uk/consumer/tv_and_radio/watchdog/reports/services/services_20060404.shtml

PIPEX are clever anough to know exactly what they took on and they have the know how to fix it quickly.. minor set back on the SP but should recover soon!

I got a feeling the problem might be Intel Corp agreement. On Mon 3/4/06 at 0830am the sp was 17p . At 10 am it fell 2p.This arrangment might have been the takeover speculation that had been incorperated in the price and turned out not to be. This anouncement was just befor the sp crash.

Or, allegedly, the mm's triggering stop losses to free up cheap purchases for the big boys. With the current government's example, are we surprised?

I see Shares Mag recommends pxc a buy at 15.25p this morning. It also says that Mike Murry of IG Markets thought the price would have gone well above 18p

Dave.
Good info..thanks...
I'm staying in... this'll continue its upward trend soon (imho). Already have a tick up this am

Me too. Seems to me the sp will continue up its original path. The spike to 16p looks even more like an artificially induced piece of mkt manipulation. Or am I just an old cynic?

What happened today? 7% down any reasons?

m0dulus
Could be Carphone Warehouse going to offer free broadband services.
2517

Could this be due to the nasdak in this states been down last friday by apr 22points thats affecting the markets.