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 Register

By Tim Richardson
Published Wednesday 8th September 2004 11:53 GMT



Pipex says it is now the fourth largest xDSL provider in the UK with more than 170,000 broadband punters.

The announcement that it had leapfrogged Tiscali into fourth slot (its now behind AOL UK, Wanadoo UK and BT) came today as the company announced that turnover had increased markedly over the last year on the back of increased take-up of broadband throughout the UK.

However, Pipex's claim is based on an analyst's report that doesn't class high-speed services below 512k as "broadband".

A spokeswoman for Tiscali UK, which has more than 300,000 "broadband" users, dismissed Pipex's new claim. "Ofcom counts anything from 128k upwards as broadband. We'll stick with that," she said.

While the debate concerning a definition for broadband continues to divide the industry and confuse punters, Pipex announced that turnover for the first six months of the year jumped to 43.6m from 11.1m last year, while it trimmed H1 pre-tax loss to 1.9m from 3.8m.

Broadband numbers, domain name registrations and shared-hosting customers are "now growing strongly" buoyed by the recent acquisitions of ISP Nildram and Web host outfit Host Europe.

Broadband now accounts for 42 per cent of Pipex's revenues, compared to 10 per cent at this stage last year. Hosting and domain names contributed 26 per cent of turnover, up from eight per cent, while revenues from leased lines fell from 61 per cent to just 15 per cent this year.

Said Pipex chief exec Mike Read: "In the period we have seen increased growth in broadband customer numbers, domain name registrations and shared-hosting customers. Following the period end, the addition of Nildram brought a significant number of SME business broadband customers.

"With these areas now growing strongly, over the next 12 months the Company will be focusing on the integration of the business processes and systems which have passed into Pipex ownership through acquisitions. It is expected that this integration will lead to further economic benefits and improved customer service."

Pipex - which employs 650 staff - plans to continue streamlining its business following recent acquisitions, but said that it has no plans to axe jobs. The "streamlining" will occur thanks to the integration of back office systems, the company said.

News - September 27, 2004
UK Broadband Lines To Hit 8m - 2005

By: MarkJ @ 1:02 PM - Comments () - SendNews HERE / PrintNews HEREThe Telecom Markets' Broadband Subscriber Database (BSD) has reported that the total number of UK broadband 'lines' passed 5m in September, with an estimated 8m expected for 2005:

"With some 50,000 new subscribers joining every week, the 5 million barrier was breached in mid-September", says Gareth Willmer, analyst for the database. Out of some 3 million DSL subscribers about 40% subscribe to BT directly, the majority subscribing to a service offered by ISPs that buy their DSL service wholesale from BT. Unbundling, which reduces operators' dependence on the dominant carrier, has yet to make an impact in the UK, says Willmer: there were only 13,000 subscribers to unbundled DSL by the end of June compared to 730,000 in France.

Forecasts based on the BSD suggest that there will be well over 8 million broadband customers in the UK by the end of 2005, about a tenth of whom will subscribe to unbundled DSL. Overall, a third of households will subscribe to broadband by that date.

Willmer adds that in the next year or so subscriptions will rise rapidly owing to falling prices, VoIP launches and increasing competition from alternative broadband carriers. Falling prices of unbundling could be a key driver of an increase in UK broadband subscriber numbers, as has been seen in France, he says.

The press release included a chart covering DSL and cable broadband growth, which shows that cable broadband equated to roughly 1.9m of the overall 5m+ figure (21% of UK households).

very low trading volume today!

why do I get the feeling the MMs are holding back, is there still a big seller out there???

Firms banking on Net boost
Published on 28 September 2004
ONLINE banking is set to soar in the next five years, a study has found.

Net gain: Online banking to take off
A massive 77 per cent of people reckon they plan to ditch high street bank queues for easy access to their accounts on the Net, web firm Pipex found.

And 72 per cent said they can see themselves paying their household bills online instead of by post or over the counter.

Online shopping is also set for a boost, with 38 per cent of people predicting that they'll buy over the Net.

Fun activities such as storing and printing photos (71 per cent) and talking to friends in sound and pictures (65 per cent) were other popular choices for computer-use in the next five years.

Pipex bosses claim people are looking to use the Net more to save time. They say people plan to use the Net to tackle must-do jobs that usually eat iinto their leisure time.

Dominic Crolla, Managing Director of PIPEX Broadband said: "Our research reveals a striking correlation between the things that currently ruin people's weekends and the tasks predicted to be undertaken online in the future.

"Broadband liberates people, helping them save time on mundane chores and spend their free time on more enjoyable pursuits."

Jason Gissing, CFO and co-founder of online grocery business Ocado, added: "Supermarket shopping is the household chore people dislike the most, second only to ironing!

"Broadband means customers can do all their weekly shopping in less than ten minutes.

"Busy peoples' desire to take back free time is driving them to sign up for high-speed access. It is the future."

Top 10 predicted uses of computers in five years:

1. Banking.
2. Paying bills.
3. Storing and printing photos.
4. Talking to friends in sound and pictures.
5. Getting the latest news.
6. Browsing online auction sites for deals.
7. Researching medical information.
8. Looking for a new place to live.
9. Doing most of my clothes/homewares shopping.
10. Doing my supermarket shopping.

They missed out sex, the top earner on the internet. Mind you that might come under medical information :-)

I dont actually belief it matters what PXC say or release, they could re-invent the wheel and the MM's would nt react!!!!!!!!!!!!!!!!!!

another quiet day !!!

it was quiet! a 1,000,000 buy/sell at 8.12! conveniently not allocated.

any ideas?

Looks like a buy. the price dipped to 8.06 at the time of the purchase !! back upto 8.20

In fact all the biggish trades were bought at discount !! Not Fair

Big 8,000,000 sell today !!Who would want to bail out now ?

Troys

Might not be a sell. More than likley a delayed transaction and therefore could have been a buy. I wouldn't even try to second guess what are buys and what are sells at the moment. Still expecting a RNS to announce a significant institutional purchase. Which will be good news for us, because, one, it infers support of Pipex by the major players and, two, effectively it will take shares out of circulation, (as long as they don't sell them!).

PTH

PTH

Lets hope you are right?

More Big sells. hope this is the last of it !!

A drop, this stock really does annoy! Everything points to an upward turn, guess we just need that Rns to light the fire. If, of course there is one?
Im holding on, im convinced there is going to be that 12-14p level soon.

PATIENCE IS A VIRTUE. THIS IS A GREAT GROWTH STOCK AND IS A STRONG BUY RECOMMENDATION BY BROKERAGE HOUSES. SIT TIGHT, THE GOOD TIMES WILL COME. GIVE IT 3 MONTHS-6MONTHS

Market up, Pipex Down

spread down from 6 to 3

I really didn't expect to be able to buy PXC at under 8p again, particularly with all the positive press comment and tip sheets...

this share does not seem to want to break through the 7.5p-8.25p trading range

all the more frustrating when you look at all the blue that has appeared over the last couple of trading sessions!

Any further news please? i have viewed the current situation as a sign to top up, again! nearly over flowing!!!!

We, us investors, that is were expecting an RNS on large institutional buying, is this the case still?