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".

My guess is that if C&W wanted this an offer of around 9p wouldn't be far off the mark at this time.

Some interesting postings on other BB's.

9p not much of an offer !

Can't see management taking that.

MS

9p, you must be joking. Would have thought double that.

cheers GF.

If you read the recent post on ADVFN you will understand why someone is accumulating at 8p

A bit technical but I get the gist.

MS

on the slide again. Very tiresome !

yes Troys VERY tiresome!

wish I knew what the overhang is on this stock...with the selling over the last couple of days and today it can only be getting bigger, IMHO

suppose there is the possibility of a double bottom forming which might signal a significant bounce upwards?

I can't imagine it'll go any lower than 7.5p mid. What does everyone else think?

skids

Mack1705

What is a double bottom?

7p

suggesting it'll go further than its recent low, i.e. second new low. Thats how I read it - is that what you meant Mack1705.

cheers
skids

No what I'm saying is that it looks like we might hit 7.5p mid price again which will represent the second dip down to this level...

see attached link which explains the theory...

http://stockcharts.com/education/ChartAnalysis/doubleBottom.html

Mack 1705

Thanks for that. now i am completly confused. Hope it is double bottom

Mack1705

You could be right. Still on the slide

What views does everyone have about the share price collapse during this year, from 12p to its current level. I have bought in twice where i thought the share looked good value and baled out again as the slide continued.I have to say I think its looking cheap again but it looks like the price is still heading downhill.I still feel it is a gem in the making and maybe i have been premature in the timing of my purchases?Would be interested in other views

I think PXC is a good company and has very good prospects. I'd be surprised if it dropped further than 7.5 Mid (7p Bid), if it does I'd expect a sharp recovery (all IMO). There has been a slight lack of news, and competition in its sector is growing dramatically tho. But prospects I think are still very good. Remember that PXC have fixed priced lines leased from FIB for the next 20 odd years, so to a certain extent PXC know what they will be paying for a while, they shouldn't suffer from any price increases in that area.

I'd personally HOLD or ADD (if it touches 7.5p)

skids

Hi Skids, I think what we are seeing is a general fall off of interest in all tech stocks. Im certain this is a good company and I wont sell my shares unless they fall back below the purchase price and I think thats very unlikely.

We might even get a bid coming in.

cheers GF.

Also, technology stocks have been taking a hammering and it looks like comms have been affected too. Although I'd say the tide is about to turn for the tech stocks, so maybe comms will too.

skids