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".

i think its called a ramp is it not cobras!

really. What is happening with this share ??? people keep buying and the share doesnt seem to move forward

I am back into this one having sold in March at 12p. So I too cannot see why with 3.5 mil buys so far to-day it has not gone a little blue

Oakapples142,

I guess it will take a little while to absorb the recent overhang, but I then expect to see both a solid trading update and interest from other parties will start to underpin this...14-16p by years end!

Be lucky.

Some big trades going through today, anybody have any idea what is going on?

Regards

PTH

Nearly 30 million shares traded today, more than any other week, never mind day, in the last two years. Something seems to be afoot. I recall talk of being a possible take-over in a recent Money AM article, someone building a position perhaps? Must be something going on with all this activity.

Regards

PTH

I agree, been topping up today!

S.

Here we go again. Another 17 Million shares traded today, anyone know if all these unknowns are sells or buys. The SP hasn't shifted. On top of yesterday that's about 46 million changing hands. I thinks that represents about 5% of the total shares in issue. Hopefully some news soon.

Regards

PTH

Pipex Communications PLC
09 August 2004

9 August 2004

PIPEX Communications plc

Acquisition of Nildram and Half-Year Trading update


PIPEX Communications plc ('PIPEX'), the telecoms network operator and provider
of broadband and hosting solutions, announces the acquisition of AccentUK
Limited, which trades as Nildram, one of the UK's leading independent broadband
internet service providers. The acquisition will add approx 35,000 new ADSL
customers to the existing PIPEX base, taking the total number of broadband
customers to 162,000.


PIPEX announces that trading for six months to June 2004 has gone well with
particularly encouraging monthly broadband connection numbers. The integration
of the Host Europe acquisition is also going according to plan.


PIPEX has acquired Nildram for a total consideration of 12.9 million in cash,
funded out of PIPEX's debt facilities with the Bank of Scotland. Nildram is an
Internet Service Provider focusing on providing network application services and
related products to businesses and broadband to both business and residential
customers in the UK. At the end of July 2004 Nildram had approximately 35,000
broadband customers, of which an estimated 30% are business customers.


Nildram is both profitable and cash generative. During the year ended 31, March
2004 Nildram's audited turnover was 14.1 million and audited EBITDA was
366,563. The value of Nildram's net assets as at 31 March 2004 was 323,219.
Over the last 12 months Nildram has grown substantially, benefiting from the
increasing demand for broadband. Nildram has an 8 year track record as an
independent ISP and has built up a loyal customer base.


PIPEX has acquired six companies since the acquisition of GX Networks in October
2002 and has successfully demonstrated its ability to realise synergies and
achieve cost savings, while also focusing the business on growth areas in the
telecommunications sector, namely broadband and shared hosting.


Peter Dubens, Chairman of PIPEX, said: 'The acquisition of Nildram further
strengthens PIPEX's position as a leading UK provider of broadband services and
takes the total number of broadband customers to 162,000. We continue to focus
on our strategy of growth through both organic and acquisitive means, through
opportunities which provide a clear strategic fit. The success of this strategy
is demonstrated by the growth of our total customer base from approximately
12,000 customers in 2002 to over 350,000 customers today and a significant
improvement in gross margin.'


Mike Read, CEO of PIPEX, said: 'The integration process of PIPEX since the
latest acquisition of Host Europe is progressing well. In addition to its
substantial customer base, Nildram fits extremely well within our current
framework and brings with it strong product development expertise that will add
further strengths to the group going forward.'


Sean Stephenson, MD of Nildram, said: 'This transaction is extremely positive
for Nildram. By joining PIPEX, Nildram will be able to achieve the scale
required for stronger, more profitable growth.'


Stuart Gibson, Head of Telecoms for Bank of Scotland Corporate said: 'We are
delighted to be able to continue to support PIPEX Communications plc in their
acquisition of Nildram. Growth in broadband internet access is presenting new
opportunities and changing the way many of us work. This transaction further
strengthens their position in this fast moving sector.'


Half Year Trading update


PIPEX's broadband division continues to experience good growth and remains the
fifth largest supplier of ADSL broadband in the UK. For the first half, the
monthly run rate for customer acquisition increased from 5,000 in December 2003,
to just under 8,000 in June 2004 and we expect broadband customer acquisition to
continue to go well in the second half. Encouragingly, the ARPU per customer
has remained constant for the period at approximately 23.00.


PIPEX will launch its first Voice over Internet Protocol ('VoIP') to SME
customers in the fourth quarter of 2004. PIPEX is also exploring avenues to
maximize revenue from its wireless division which includes an exclusive 3.6 to
4.2 GHz national wireless license. This license currently delivers broadband to
PIPEX customers in places where BT has not equipped the exchanges.


The Group remains EBITDA positive and operationally cash generative and the
gross profit margin continues to improve on last year. We expect a continuing
strong performance from broadband and shared hosting, assisted by the ongoing
growth in these markets. This leads us to expect a solid performance for the
second half of the year.


-ends-


PIPEX Communications plc 020 7766 6909

Peter Dubens, Chairman

From AFX Shares Guide:
Independent - THE INVESTMENT COLUMN: MARCONI (avoid), MORGAN SINDALL (hold), PIPEX COMMUNICATIONS (we are still confident that new buyers will make money)

The Investment Column: Marconi offers little room for gains
Mixed outlook makes Morgan Sindall a hold - Keep buying Pipex as broadband future unfolds
Edited by Stephen Foley
10 August 2004

Keep buying Pipex as broadband future unfolds

From the man who brought you tie-dye T-shirts in the Madchester era, and created ukbetting, the sports websites company, in the dot.com boom, comes a new venture for the broadband generation: Pipex Communications.

Peter Dubens has turned Pipex, formerly called GX Networks, into the number five broadband service provider in the UK, thanks to seven acquisitions, the latest of which was the 12.9m purchase of Nildram yesterday. That brought in another 35,000 customers, a third of which are lucrative business customers, taking Pipex's total to 162,000. Pipex also offers web hosting and domain names, other strong growth areas.

The significance of yesterday's deal was that it was funded by debt, a vote of confidence by the Bank of Scotland in a company whose low stock market profile means its shares are cheaper than they should be. Hopefully, a new investment note from its adviser, Investec, will spur interest in the stock.

With Pipex adding 2,000 broadband customers each month, even without acquisitions, and with easy cost savings from Nildram and earlier deals, results next month should be strong. Pipex is one of The Independent's stock tips for 2004, up 14 per cent to 8.37p so far, and we are still confident that new buyers will make money.

The Independent seems to have got the Broadband account growth number wrong. It should be 2,000 per week rather than per month.

zscrooge,

Yes, you are correct! But when did journalists check facts?!! LOL

I am starting to get concerned . We have good results, acquisitions large volume of "buys "and the share price goes no where! If you read the unfortunates on the Cybit thread you can see another example of a share price that does not seem to track the company's performance or volume of share purchases.
What is also worrying that when there is no news these types of shares tend to slowly drift.......downwards, and company's cant keep dreaming up good news.I am not out and do genuinely believe they have already done enough to warrant an improved share price and their future looks rosy( not orange), but am getting dissappointed. Anyone share my view?

hi to all pipexcom shareholders
Ive got to say i can't figure out why this share is still not moving upward.
Everybody advises to keep buying. Unfortunately, it seems to me that people will get tired to all this nonsense and they might start to sell. In that case they might fall.
Anyway, I don't know when and how it can move upward now as it doesn't seem to be moving after big buys and acquisitions. let's wait interim. maybe. but Iam very disappointed also.
regards seb190774

Nice shares mag write up today

thanks zscrooge willhave to dash out and get mycopy

has anyone else noticed how tight the bolinger bands have got for this stock?

they look tighter than in Jan 2004...when they snapped share price rose from 7.5p to 12p very very quickly...

come on pipex give us a repeat performance!!!

seb - probably a seller to clear - look for the large T trade at the end of the day

Pipex Communications PLC
18 August 2004

18 August 2004


PIPEX Communications plc

Results Date Notification


PIPEX Communications plc ('PIPEX'), the telecoms network operator and provider
of broadband and hosting solutions, will announce interim results for the six
months ended 30 June 2004 on Wednesday 8 September 2004.




Enquiries:


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Juliet Clarke / Edward Bridges / Ben Way






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