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".

This could be the ghost exchange they were talking about.

6000000 trade just gone through 7.77 can anyone confirm whether it is a buy or sell

2 more trades @ 3250000 @ 7.85 are these buys or sells

17,947,445 buys
13,671 sells
184,506 unknown

confused??

oakapples142 hello
could u tell me what it means the fact pxc is listed in berlin stock exchange. many thanks

seb - Hi - regret I dont have such knowledge - may be Happy 1 (see post 298) can enlighten us. It was he/she that encouraged me to look at Yahoo

No move in SP despite bigger buys now going through at 8.12p

Loads of info here

http://www.fillyaboots.com/?mount=/Frames/whatwe.html

For in depth stuff on US but you need to subscribe

http://www.investrend.com/articles/defaultFinancialWire.asp?level=160&pageNum=6

On the positive side, when a company manages to delist itself or a company deals with the issue, then the shorters have to cover their positions and this may lead to a positive outcome for sp.

See also my thread on Virt-x.

All buys.Up goes the price. Then 7,000,000 Sell !!

OK now I get it - a 7 mil sell goes through and at last the SP goes up 0 .25p

presume the 2 x 500,000 and 950,000 are all sells.

Nice Buys comming in.

and no selling yet !!

Here we go again, just about all buys, surely any overhang in this stock must have just about gone by now. Perhaps we need to wait for a 7 million sell for the price to be marked up?

PTH

Hi PTH - the recorded sell of 239 shares might tip the scales !! - nothing would suprise me with this one - a clue to what is happening may be if we see large dumping early next week prior to 8 Sep

What will large dumping indicate ? Good or bad ?

Sky, Bad I should think.
Can't see it myself though, all the recent news has been good and the trading update indicates the company are on track. An awful lot of shares have changed hands in the last month, much more than the normal average, so I suspect something is going on and have sent Pipex an email asking if they have an opinion. I don't expect much of an insight though.

Regards

PTH

Still waiting for the big sells !!

Pipex Communications PLC
31 August 2004

SCHEDULE 10



NOTIFICATION OF MAJOR INTERESTS IN SHARES




1. Name of company

Pipex Communications plc

2. Name of shareholder having a major interest

Scottish Widows Investment Partnership

3. Please state whether notification indicates that it is in respect of holding of the shareholder named in
2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18.

As above

4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them

State Street Nominees a/c XBY2 8,353,062

State Street Nominees a/c W32L 3,317,894

State Street Nominees a/c W33H 9,279,484

State Street Nominees a/c XBJ2 10,674,199

State Street Nominees a/c XBY4 3,741,976

State Street Nominees a/c W39H 2,264,023

State Street Nominees a/c XBK6 5,679,883

State Street Nominees a/c W39H 27,000,000



5. Number of shares/amount of stock acquired

Not disclosed

6. Percentage of issued class

Not disclosed

7. Number of shares/amount of stock disposed

Not disclosed

8. Percentage of issued class

Not disclosed

9. Class of security

Ordinary 1p shares

10. Date of transaction

Not disclosed

11. Date company informed

27 August 2004

12. Total holding following this notification

70,310,521

13. Total percentage holding of issued class following this notification

3.222%

14. Any additional information
Scottish Widows Investment Partnership Limited has an overall interest in 89,530,645 of which 70,310,521
is a material interest.


15. Name of contact and telephone number for queries

Stewart Porter 020 8957 1317

16. Name and signature of authorised company official responsible for making this notification.

Stewart Porter, Finance Director

Date of notification: 31 August 2004

Have just been having a look at Scottish Widows Investment Partnership web site. The holding of Pipex shares would presumably fall into either their Smaller Companies Value Trust PLC or UK Select trust Ltd. It appears in neither and at 3.222% would be in either of the Top Ten Holdings for these two trusts. So although Aquired or Disposed is not disclosed, my guess, (hope) is that the recent volumes have been due to SWIP building a position. Good news for Pipex holders, I guess.

The URL for SWIP is:http://www.swipartnership.com/discretionary_investors/investment_companies.htm

Have a look and see if you agree.

Regards

PTH