Nice rises Friday and today,after being tipped up by Money Week magazine ,with first half sales up 86%,and a cheaper Broadband bundle than Car Phone warehouse,a forward p/e of 15.4 and a likely takeover target seems the one to be on in a guarateed consolidating sector.

Vodaphone seem to be quite excited about the prospects of Wimax. Might be some work for the crane driver as well installing base stations and ripping out obsolete 3G

A few bits and pieces for anyone serious

For more on Vodaphone
http://wireless.seekingalpha.com/article/27329

More on wimax
http://www.pcadvisor.co.uk/news/index.cfm?newsid=8444

golman sachs increasing recently


FT stuff
http://mwprices.ft.com/custom/ft2-com/html-qcn-consensus.asp?region=&subtab=2&industry=&q=PXC&s2=uk&extelID=&ticker=UK%3APXC&countrycode=uk&sid=182572&symb=PXC&selected=Pipex+Comm&company=NEW∈=&sedol=&ftep=&FTSite=FTCOM&country=UK

Wed Feb 21 02:01:44 2007 EST

LONDON (AFX) - Sir Michael Rake, chairman designate of BT Group PLC, is
willing to look at the case for increasing gearing at the UK's leading telecoms
group to fund future acquisitions, says the Financial Times, citing an interview
with Rake.
The current chairman of accountancy group KPMG told the paper that he
predicted the company would make more acquisitions to cater for the telecom and
IT needs of multinational corporations.
He told the FT that higher borrowing would be appropriate if 'that fits
the strategy of BT and fits the particular circumstances of the
acquisition.'
alexander.ferguson@thomson.com
af/rar

found this on another bb cannot find it posted on here looks good to me !

Pipex Communications PLC
16 January 2007

Pipex Communications plc

Trading Update

Pipex Communications plc (PXC), a major provider of integrated
telecommunications and internet solutions including broadband, voice, domain
name registrations and hosting, is pleased to report that trading for 2006 is in
line with market expectations.

Revenues have increased by 122% year-on-year, principally due to the acquisition
of Homecall in March and the later acquisitions of the Bulldog customer base in
September and Toucan in October. Overall, the gross margin was 37.9% for the
year.

In the broadband and voice division, we have seen an increase in those customers
taking multiple services, with the average number of services per customer
increasing from 1.05 to 1.74 over the year. This is reflected in the
improvement in ARPU over the same period from 23.00 to 24.70, despite
aggressive price competition in broadband. At the end of December the Group had
570,000 broadband customers, reflecting underlying growth after having made a
significant downward adjustment to the number of Bulldog customers acquired,
which is being reflected in a lower purchase consideration. Despite this
adjustment, the management remains pleased with the acquisition, and all three
acquisitions are integrating well.

Pipex's local loop unbundling programme is progressing well with our first 100
exchanges due to be completed by the end of the first quarter 2007 and the
second phase, comprising an additional 75 exchanges, planned to be finished by
the end of the year. Customer migration onto the unbundled exchanges is in line
with expectations, with 20,000 customers transferred by the end of 2006.

Pipex continues to be the largest shared and dedicated hosting business in the
UK, as researched by Netcraft, and the sixth largest in the world. In total,
Pipex had over 330,000 hosting customers at the end of the year, an increase of
15% over the period. Domain name registrations have also grown strongly with an
increase of 35% in the year to over 1.7m domains. This division continues to
enjoy strong margins and cash flow. Within the next 6 weeks the Company expects
to open its newly built state-of-the-art data centre in Cologne. This provides
20,000 square feet of data centre capacity which will come on-stream in 3 phases
to meet demand.

Pipex Wireless delivered its first end-to-end WiMAX services in Milton Keynes in
December 2006. In line with plan, volume customer acquisition will start
towards the end of this month. The business has initiated work on a second
WiMAX deployment in Warwick in conjunction with Intel Solutions Services,
National Grid Wireless and Warwick District Council with a service launch date
scheduled for June 2007.

The outlook for the business remains favourable. Underlying growth in the
broadband business is encouraging for 2007, and the hosting business should
continue to benefit from the increasing levels of internet activity driving the
need for further and more complex hosting. The positive results emanating from
our WiMAX trials underpin our confidence in the Wireless business model.

We will update the market more fully at the preliminary results, which will be
announced on 17 April 2007.

And they now claim to have over 1 million customers ( Feb 07 ) up another 100000 from Jan 07
http://www.pipexgroup.com/pg.asp?home

...Crean reckons Admiral's earnings per share will increase threefold by 2011.Among the small caps, a late flurry of buying saw Pipex, the broadband internet group, rise 14.3 per cent to 14p. Traders pinned the rise on rumours of a bid from a telecoms company...

Mar 09 2007, By Neil Hume and Robert Orr, FT.com site http://search.ft.com/search?queryText=pipex&aje=true&dse=&dsz=

perhaps it will be true this time! .... if so, dare say bid will be closer to 18

And the rest I hope cynic. How do we value Wi-Max?

to be honest, had PXC for quite a while and ultimately got bored with them and have not followed since

Agreed cynic. This has been very slow

Pipex deal in the pipeline

We first advised readers to look at Pipex (13.5p), the UK's sixth largest broadband supplier, in May 2004 when the shares were changing hands at 9p.

Three years later, after several acquisitions and a cheeky advertising campaign fronted by Baywatch star David Hasselhoff, the value of our holding has increased by about 50 per cent.

But there could be further upside. Pipex is for sale, with UBS managing the process. Analysts estimate a sale price of between 16p and 22p with BSkyB, BT, Carphone Warehouse, France Telecom and Tiscali all considered potential buyers.

Aside from cheap calls and broadband, Pipex has a licence to run a national wireless broadband network. The joint venture with Intel is still at trial stage but is likely to interest BT, which is trying to reclaim a piece of the mobile telephony market.

A deal could be weeks away. There is speculation that talks are in advanced stages with one bidder and UBS has come on board to flush out rival offers.

Should the sale drag on, investment bank Bryan, Garnier & Co has set a target price of 25.7p. Pipex has strong backing from analysts, and is continuing to benefit from the Hoff's pulling power.

But a sale is likely sooner or later - hold out for the deal.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/03/18/cxequit18.xml

Nice post.. thanks for the info..I'm holding for the time being.

certainly hefty traffic here today and have just bought in the vain or vague hope that this time a t/o will actually materialise ..... just for info, there were 400k on offer at 14 and no, i did not plunge in that deeply!

buys currently outnmbering sells by about 7:4

Timed this one well for a change, got in 2 days ago...


LONDON (AFX) - Virgin Media and BT have emerged as surprise frontrunners for broadband provider Pipex Communications PLC, which put itself up for sale last week, reports the Telegraph, without citing sources.

Both companies are believed to have made significant approaches for the group, the paper says.

Pipex's adviser, UBS AG, is believed to have asked for first-round bids for the business by Friday. alexander.ferguson@thomson.com af/jr

please can someone clarify .... i had heard that it was only the broadband part that was up for auction on friday

what price [sp] do people think for the sale?

minimum 17p..............25p if bidding war

I have just bought 660000 shares @ 14.95p

HELLO GUYS HOW MUCH THIS ONE IS GOING TO GO UP TO

should, although not certain, be a further hike up in the sp in the next few days as PXC is bound to get positive mentions in shares mag and IC this week.

20p+ I reckon