Nice rises Friday and today,after being tipped up by Money Week magazine ,with first half sales up 86%,and a cheaper Broadband bundle than Car Phone warehouse,a forward p/e of 15.4 and a likely takeover target seems the one to be on in a guarateed consolidating sector.

according to FT CPW have dropped out leaving just BT in the running ...... sweaty palms ahead?

good morning richard. Just read your message re cpw pulling out. What do you think the chances are of bt bidding for pxc now?

new just out at 6.57am on moneyam new re cpw pulling out.

i would still reckon strong .... or at least i damn well hope so ..... i think PXC is actually quite a tasty morsel and BT have certainly been touted as a possible or even probable bidder for a long time ...... and if all fails here, then no doubt there will be others, probably from overseas.

lets hope bt. bids soon abd I hpe the price will not drop on this latest news. good luck.

sp is surely certain to drop at least a bit this morning

Still nothing official !
According to these so called sources, CPW was the only one left.

What about BSY ? The fit would be good for them,perhaps they are waiting on the sidelines for the right timing to step in.

oh dear, carphone has dropped out!!!!!!!

BTW Harrycat, i am double my money with pipex right now so dont be a sarcastic womble.

theres more to life than money or aint u realised yet.

Looks like I may come back in at these levels or just below, I suppose PXC will eventually get taken over but it seems no one is prepared to pay the asking price, maybe now the management can concentrate on moving the co forward without the distraction of bid/bids from various sources.
2517

PXC is for sale as has been officially announced by the company, and for PXC i reckon that's the best way forward anyway

If no one is prepared to pay the asking price then it won't be sold-------yet.
2517

Plenty of buys!

George .... you don't know what the minimum asking price is!

16p was the rumoured minimum (AFX Announcement). I still remain unconvinced they'll get a buyer for the whole package. It's possible they could sell off bits in a break-up, but I don't see the broadband business getting a premium, and I'm not sure who'd take on the WiMax stuff.

In my opinion.....Don't hold....Etc.

Strawbs.

as I understand PXC are not selling WiMax nor some other part, or at least not at this exact juncture

Cynic you are right I don't know, but the figures bandied about are 16p-22p, CPW was rumoured to be OK to pay 148m, well that's less than 50% of the current value of PXC. Strawbs the Wi-max arm as I understand it is superior to 3G, so perhaps BT who won't overpay or even VOD could go for it , but atm my view is that nobody will buy PXC yet, whether the co has put a forsale sign up makes little difference, unless they sell out much lower than the current sp. Good luck to all holders, I have not re entered yet.
2517

I doubt BT will buy the Wi-Max stuff. It would probably need a lot of investment to roll-out, and they've already tied up loads of money in upgrading their fixed line network, they've also invested in wi-fi hotspots, which although inferior are probably adequate for most needs. I suspect Pipex will be reluctant to sell off bits of the business even if they get individual offers, so I doubt it will sell at all. Time will tell though.

In my opinion....

Strawbs.

Am almost certain that WiMax is not currently on the table

Tiscali is understood to be among remaining bidders for Pipex