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".

The beginning of what ? the end ?....
Seriously though, what can we expect over the next couple of weeks ?

skyhigh,

from a charting perspective I really would like to see a breakout above 9p within the next couple of weeks...

at this level we would have a much better platform for lift off towards Collins Stewart short term target of 14p

Lets all hope this is the move north that we all been waiting for.

I am Still tempted to top up.

I still find this a worrying stock. It was not too long ago it was 12p and since then we have had much good news................hence the 7.75 price now!!
I like most believe this is an aggressive well run business but I cant explain the share price performance which in the short term does not worry me, but it has now underperformed for quite a while.Regretably can state several poor share performances from excellent performing companies(eg CYH,ERT)At what stage do you move your money to a share that the city does like?
Not wishing to sound pessimistic but I cant see the point in waiting forever....lets face it you get 5% in the building soceities! - although not as exciting.

willfagg

Well said I totally agree.

MS

wilfagg,

you concerns are really not warranted, there was imho only once issue that the institutions were getting sligtly worried about, and I can see that they have moved to directly deal with this, i.e. integration concerns..

If you read the lastest buy recommendation from investec, you wouldn't be worried in the slightest. Bottom line is this will be 14-16p within 12 months, count on it!

regards

T..

I hope your right Wil. 10p will do me for the moment.

cheers Gf

Tradx,

do you have a link for the Investec buy note?

I've seen the Collins Stewart July note and I'd be interested to compare the other brokers forecasts for Pipex going forward...

CS were forcasting 0.69p eps for 2005, without factoring in the Accent acquisition....11x multiple on 2005 earnings does look incredibly cheap to me!

another 2,275,000 trade today. looks like a buy?

Mack1705,

there is no link that I know of, put up an email address and I will email it to you...for everyone else ----chase Mack!!

regards

T..

Tradx

u can send me a private message by clicking on the blue user name attached to this response.

thanks in advance.

Oh Dear, IC have tipped PXC and rate them a buy............price should start to plummet shortly!Thsi must be the most tipped share over the last two months, and it appears to be the kiss of death.

willfagg

When they plummet We will have to buy in again and wait for some bad news or the market to fall !!!

Did this Berlin share thingy ever get (or will it ever get sorted)??

Time will tell

Some interesting trading at the end of play today. 3 sneaky trades all in excess of 1,000,000. buys of course!!

Mack1705,

I can't attach the brokers note doing that, it is on PDF format and is nearly 20 pages long, and the graphs are highly detailed..etc

regards

T..

simonpaynton,

the berlin thingy is a complete and utter piece of total nonsense. Ignore it, it has had no bearing whatsoever!

Wouldn't be surprised if there is another Institutional Placing in progress. Perhaps when this one is out of the way, the SP will be allowed to perform in accordance with recent results and plethora of Tips.

Regards

PTH

ptholden,

why do you think they need to? There concentration now on getting maximum savings from the integration, i.e. backoffice standardisation, closing datacentres that the don't need, I reckon they could get rid of maybe 150 people without too much trouble,(as long as the business processes are properly constructed)...

I think the recent trend is simply about a few of the aquired moving o and selling out...pxc is still at a 40% discount to it's peers - and it's growing faster, and still has an amazing nationwide wi-max licence (imho a licence to print money)...

all imho, dyor etc and all that BS,

regards

T..