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.

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

Hi Shareshop, where did you get that info from please.

The Times Newspaper

cynic seems to de more desperate in his comments again here

it can go to 10p for all i care.............2 years time lets see what share price is....well over 20p then

scot ..... a lot of PXC holders having been saying for an awful long time, "Just wait for a couple of years and sp will be stellar" ...... i am afraid the performance has been dire ..... from where you conclude that i must be geting desperate, i really do not know.

for others ..... by the looks of it, nothing will be revealed until 17th

well i've doubled my money.................is that dire?

its only been 3 or 4 years, hardly a long time in the mire of this dreadful labour government

let's hope its on the way back to 17p again

decided to take a break from a dull chore, so thought i'ld have a look at the long term chart, which is posted below ..... it dates from PXC's first day of trading and shows just 50 and 200 dma purely for interest



If you bought on Day 1 and continued to hold throughout, you would just about have doubled your money at today's close of play ..... however, the canny investor who was a consistent follower of this stock could have done far far better by trading at least a few times ..... the timings are pretty obvious and assuredly one would not have needed to pretend the impossible of buying at the bottom and selling at the top.

and the point is?
that just sitting passively with a stock through thick and thin is not the best way to make money.

Hi Cynic
Comments noted.

So why are you so averse to investing in party. Afterall you could have doubled your money in the last three months or even traded in / out suuccessfully a few times in the same timeframe.

Good to hear your views.

Nice weekend to all

Cheers
Amar

perhaps you're right and i am so old i don't recognise when i am following prejudice instead of momentum etc ...... will dwell on it