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".

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..

Tradx,

I think you have misunderstood. Pipex don't need to raise money by issuing more shares, I was raising the possibilty that another Institution, (aka SWIP), is in the market, which may be affecting the share value in the short term. I hold shares in this company and am quite eager for them to start romping along and performing in line with expectations. Like most others invested I am perplexed as to why they are not doing just that. Incidentally I had an email from PIPEX this week, (response to my own email), explaining that they are doing everything possible to highlight the value of the company to the City, so obviously they are aware that the SP is lagging behind and are trying to do something about it.

regards

PTH

From IC
17 September 2004

BUY PIPEX (PXC)

Pipex is edging towards profitability as revenues continue to increase at a higher rate than costs, and synergies from the six acquisitions to date continue to generate savings. Pipex's results have tended to lag behind corporate activity, and this is the case again because, since the end of the period, the company has acquired broadband provider AccentUK, adding a further 35,000 broadband customers. Pipex is adding around 10,000 customers each month, but that number has been rising all year, and should continue to do so.

Between January and June, the key event was the acquisition of hosting and domain-name business Host Europe, which added sales of 5.2m, and operating profits of 200,000, and gave Pipex 15 per cent of the UK domain-name market.

Pipex turned a 4.1m cash outflow after tax - but before capital spending last time - into a small positive cash inflow, while 1.9m of losses at the pre-tax level include 3.9m worth of goodwill amortisation. The acquisitions were paid for with the issue of 33m-worth of new shares.

Broker Investec expects underlying pre-tax profits of 5.2m, giving adjusted earnings per share of 0.25p for the full year.

Market down, pipex should rise !!

its a cert buy

we have seen a steady few weeks of buying and no movement in the share price. how many shares can be left?

I remain suspicious about whether somebody has a hidden agenda for this share and is ensuring that price stays within current trading range...

lack of RNS disclosures would appear to blow a few holes through this theory so I can only presume there is more than one big seller out there keeping a cap on the price...

Mack did you notice the convienient dip in the SP today ? Sure it was for a large order to be filled.

There has been continous speculation about why the price is showing no movement, but how can we get something definitive. I have been and am still adding to my holding of this stock, but patience is running thin. Maybe an e-mail to 'Shares' or 'IC' would get a response from those 'in the know'?

Fact is unless your on the inside, which we quite clearly are not, you are no where!

Still more buys !!!

This is Pants!
Loads of buying!
Loads of "Buy" recommendations !
Should be loads of SP rises to match ?

11,000,000 of mostly buy trades today.Lets hope we see movement soon. All good things are worth waiting for !!

don't blink tomorrow chaps.

IMHO, we will probably see a RNS fairly soon stating another substantial holding. I believe, as I stated a few days ago that a lid was been kept on the SP to allow another large holding to be accumualated at a favourable price. When all of this is out of the way it will fly.

Regards


PTH

this is moving slowler then people in january thought

600,000 all buys and its only 1/2 hour into the day. Is this why i cant blink today 'skids'?

is this last chance to top up ?

Ive just topped up again! thats me all in, now time to hold on and see if the predicted 'take off' occurs.