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".

Forgive me for my ignorance but who actually makes the share price move and how - is it the mm's.

I hold PXC and just cannot grasp why no blue, in fact red now!

perhaps Balli you should really ask the question....how do MMs make money???

they thrive on high volume trading(buys and sells)...the more the better

they have marked PXC down to put the fear of death into existing holders(should I sell mentality) and presented an opportunity to non holders(shares look cheap got to get in mentality)

MMs don't give a stuff about what they buy/sell a share at...trading volume is what matters...

Another 1.1 million sell just gone through, this seems to be par for the course. Am in on this stock and awaiting the MM's to allow this to gain to its true worth, it is trading at a discount to the sector of 60 ish% after all.

gra1969

wonder if thats the last chunk of the 'sellers' holding to go through?

1,102,239 is a fairly odd number!

Small blocks are following, 10,000 a hit, seems that there is some dilution on these sells, drip feeding rings a bell, check out the time gaps between sells.
I wish i had the answer to this one MACK1705, this is not a stock that should be lingering in 10p and below bracket, some one is determined to hold it there for now though!

Time to top up again i think

im getting the feeling that this is being held below the 10p mark for some rahter ravenour vultures to swoop on when they are in a position to do so.
Ill be topping up now too!

Excuse my spelling!

looks primed for positive media speculation over the weekend(Daily Mail, Express, Guardian, Independent)on the half year results which will no doubt be based on a repetition of Collins Stewart's July analysis on future growth prospects and their short term target price of 14p...

Monday could be an interesting trading day for Pipex!

I realise most of you are just trading these but do any of you use their webhosting services? I need to transfer some web-sites to a new provider, but I was quite surprised to discover that the software versions (particularly MySQL and PHP) provided by Pipex Webfusion are fairly outdated and don't compare well against competitor offerings. Actually, they are older than what I currently am running on and I can't really downgrade the sites.

I emailed them to query this but haven't had a reply yet which is a bit disappointing in itself. Maybe it's just that their web-site isn't up to date though, can anyone here shed any light on this?

Sorry Kyoto, just trading and holding my breath for week upto Wednesday!

hello to all pipex shareholders
why is everybody selling ? Are they real sells ? This share begins to drive me mad as there plenty of nonsense.

CHEERS

This selling makes no sense at all. unless the news is not as good as was hoped ?

Interesting article in todays M2 Presswire, looks positive for Pipex?

PIPEX accepts priority orders for extended reach broadband

M2 Presswire
06 September 2004

Following BTs announcement of major changes to the limits set for the provision of Broadband ADSL services, leading Broadband Provider PIPEX has announced that it is now able to accept orders under the new scheme, which will bring more than a million UK homes and businesses within the reach of Broadband.

With effect from 6th September 2004, BT will be removing the planning limits for 512Kbps Broadband ADSL services and extending the reach for 1Mbps Broadband ADSL services from 3.5km to 6km from the exchange. This means that customers whose local telephone exchange has been enabled for ADSL, but were previously unable to order Broadband due to line quality and/or line length, now have a very high probability of being able to receive a high quality Broadband ADSL service from PIPEX.

PIPEX is now accepting priority orders via a registration page at http://www.solo.pipex.net/availability/ for installation shortly after September 6th.

CONTACT: Lisa Brearley, Berkeley Public Relations Tel: +44 (0)1629 826942 Fax: +44 (0)1629 826943 e-mail: lisab@berkeleyprnorth.co.uk WWW: http://www.berkeleypr.co.uk Dana Loftus, PIPEX Tel: +44 (0)1865 381587 e-mail: dana.loftus@pipex.net

These could be buys as I have just bought 60000 etq at 11.15 and they are showing as a sell, can anyone tell me why they do this

Troys,

This stcok has ceased to surprise me. All of last week was all 'buys' with an eventual mark down. Perhaps this week we will see all sells and a 'tick-up'

PTH

safety,

trading software used by moneyam assumes that a trade below mid price(currently 7.875p) is a sell even if it is actually a buy!!!

I'm surprised to see this stock drifting lower especially after last weeks announcement from Scottish Widows:

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

Thanks for explaining that "Mack1705" - However, I will now have even less of an idea as to what is going on. It may be interesting to watch Institutional activity at end of play to-day and tomorrow

oakapples,

share your confusion on where PXC price is going...THUS rising by more than 10% over last couple of trading sessions while PXC goes backwards is all very very strange...

Collins Stewart were projecting 2005 eps for PXC @ 0.65p

whereas Consensus for Thus 2006 is 0.2p a share

this puts PXC on a 13x eps multiplier

and THUS on 85x eps multiplier!!!

looking at another peer group company...Kingston Communications I note that JP Morgan are forecasting 2005 eps @ 2.6p...based on current share price(62p) this is a 24x multiple on 2005 earnings

even applying a 20x multiple on PXC share price should be 12p!

confused!!!