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.

Grim isn't it !

WHY?

as expected, lots of small offerings this morning .... nothing over 250k which is peanut stuff.

BT BlackRock buys 3.45 mln Pipex shares at 12.86p/share

LONDON (Thomson Financial) - BlackRock Group said it has bought 3.45 mln
shares in Pipex Communications PLC at 12.86 pence each.
Pipex, a broadband and internet hosting business, put itself up for sale
last month and said it was exploring a number of strategic options, with a final
decision expected in early summer.
Carphone Warehouse dropped out of the bidding for Pipex and left BT Group as
the sole interested party in the company, The Financial Times reported on April
12.

fail to see the excitement in that purchase ..... it only constitutes a minuscule %

Nobody said it was exciting cynic, Shareshop was just letting others on the thread know that the purchase had been made. Better than a sale of 3.45 mln shares IMO.

don't be so touchy or one might start to think that the sobriquet fits ..... would be interesting to see if Black Rock now have a considerable holding, though i suspect not as that would surely have needed to be mentioned

lol.

am happy to hold another 1 or 2 years if need be as this share will go up through time slowly plus with Tiscali & BT among remaining bidders for Pipex maybe others.. you never know

Shareshop .... so do Black Rock hold a further stack? ..... i think 3.45m shares is rather less than 0.5% so one would not have thought it worth a mention on its own

Shareshop...dont worry..in fact being contrary to cynic pays...check his record on PXC, PRTY, PET AND LATTERLY GGG....ALL OF WHICH ARE PROVING TO BE HIGHLY PROFITABLE TO ME. Please excuse any replies from me for next 10 days...going on holiday with some of profits.

depends when you buy AND sell doesn't it ..... i HOLD PXC; i am very very glad i stayed away from PRTY, as its recent record shows its instability; PET i do not recollect; GGG if you see my latest post says do not buy at this level ... all good common sense if you ask me .... but of course money CAN be made from buying and selling "pure" if you can accept that the odds are stacked heavily against you, as they are though perhaps less so when playing roulette.

but unlike some here, i happily accept the brickbats ... and also the cheques which i bank

cynic.. Thanks for responding ...nothing personal but I have held all 4 since last year..long term there is a good return on all f our..add to that CFL which no one has posted od here for a long long time and and you have virtually all my portfolio but all have been held for considerable time and still rising.

nothing personal in return either, but i bet with some judicious pruning and reinvestment you could have done a damn sight better .... PRTY is the glaring example

Latic - if you hold just four stocks in your portfolio, all of which are at best "wildly speculative", and every one has come up a winner, then YOU ARE A GENIUS!

a lot going on in this company but can get no info,

alex , did you buy cey this morning like i told you last night,

why would Black Rock want(certainly no need) to announce their purchases of relatively insignificant amounts of PXC shares? Even now, their holding is only 1.19%

whats your theory cynic,?

don't have one though i know BR are a subsidiary of some other investment company or bank - can't remember which ...... if so, the parent may have a declarable interest and hence the requirement