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".

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

Fingers crossed.

cheers GF.

mid down to 7.5p

testing times now...will it act as support or fall through???

Getting to see some biggish trades now !!

bounced off mid price 7.5p....fingers crossed!!

too much activity for nothing to happen. Here's hoping !!

21,000,000 of trade and still nothing happening. I'm a believer. Lets see what next week brings !!

Troys,

I have been believing for quite some time now, but it is beginning to wear a bit thin. I've watched massive buys go through and the price remains static and massive sells go through and pretty much the same story. My thoery over the last month is that this is all related to an Institutuional Buy, but surely if that was the case, there would have been an announcement by now? Anyway, I've stopped worrying about it, except to say I hope a takeover doesn't materialise at an offer less than the price I paid!! A very good profitable company though.

PTH

PTH

totally agree with you.

I see on this BB alot of references to a possible takeover of Pipex...I think share price performance over the last month disproves this theory...

I favour the theory that Pipex is on the acquisition trail again...

Dubens has probably 'sold' paper to his favoured Institutions @sub 7p...
He has a big enough ego to try to take out THUS and in the current anti telco investor sentiment environment he could probably get them very cheaply and Allan probably has given up on ever getting the markets to buy into the THUS recovery story...

PIPEX thus becomes a 350m market cap vehicle which would then have the potential to become a 1bn+ market cap business within the next 18/24 months...

only a theory but I like it!!!

I like your thoughts mack1705.It crossed my mind and it makes a lot of sense