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".

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

http://www.thesun.co.uk/article/0,,9-2006170283,,00.html

Among the small fry, PIPEX was attracting attention as a possible bidder and as a takeover target.

It could make a move on rival broadband internet player PLUSNET if it is not bought itself. The shares closed level at 12.25p

In the Times this morning ....
"Pipex Communications: prospects are good, but so are the profits"

Whats the next move on this one any idea

DOWN.

Why do you think that woody?

where is all those takeover rumors gone to

Perhaps the Homecall acquisition is weighing down sentiment, as far as T/O rumours go, I can't see anyone coming to buy PXC until Homecall has been or is seen to be bedding down successfully, all imo of course.
2517

At best PXC has gone very sleepy ..... Thought about dumping all, but decided to keep some on the betting that surely something must happen there some time .... surely!?