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".

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.

No doubt it's Carphone Warehouse that's to blame.
Just have a look at Plusnet today for that same reason.

Carphone Warehouse might be shaking up the sector but its offer of free broadband will have lots of limitations. Probably some short sellling, some end of year effects, hedge fund activity and the froth subsiding after recent take-over talk. Chance for big boys to get in (see UBS sold and bought back cheaper).

Give it a few months for updates on Wimax and intergration of acquisitions before the price rises to 22p by interims.

Homecall, their recent acquisition which was featured on Watchdog last week hasn't helped, whilst the problem is not of PXC's making, they will have to sort it out. So for the time being sentiment is against PXC, looks a good time to buy back in after top slicing.
2517

zscrooge Ive noticed that about ubs. They started on
3/4 459180299 shares [19.82%]
4/4 426505799 [18.28]
6/4 463029633 [19.84]
7/4 430801993 18.46]
10/4 465586431 [20.1]
It seams a predictable sp to them

Carphone are thinking of free internet as part of a package
after they have unbundled loads of local loops.

There was 10249112 buys
10494623 sells
1189806 unknown
I bet ubs are in there somewhere

RNS just posted, any ideas what affect on the sp might be, fair bit of selling at the mo. The sp has been weakening since the recent 18p peak.
2517

12p now