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".

I'm blowing hot and cold with this. It's got everything going for it yet just does'nt perform. That's what the wife says about me.

MS

I've made up my mind. 8p and I'm out.

MS

I'm in for the longer term. Hope i am right !!

Up 7.5% staging a recovery

Why sell, the storys still the same nothing as changed. Dubens bought 150 million pounds worth of telecolm infrastructure for a song, we are cash positive and making a profit. Seems to me we just have one seller taking a profit.(we have had no RNS to say otherwise, and if there is any sensitive news that would affect the price, the Management have to notify please see rule below)

Sentiment should change back positive when the seller is cleared out.


Rule 9.2 of the Listing Rules in force on 4 July 2001 states that:
A company must notify the Company Announcements Office without delay of all relevant information which is not public knowledge concerning a change:
(a) in the companys financial condition;
(b) in the performance of its business; or
(c) in the companys expectation as to its performance;
which, if made public, would be likely to lead to substantial movement in the price of its listed securities.
The continuing obligations of a listed company set out in the Listing Rules are designed to promote full disclosure to the market of all relevant information on a timely basis. The FSA regards the continuing obligation requirements of Chapter 9 of the Listing Rules as a fundamental protection for shareholders. Observance of those continuing obligations is essential to the maintenance of an orderly market in securities and of confidence in the financial system. The FSA therefore takes the most serious view of listed companies which fail to comply with these requirements.
Ends.



cheers GF.

Nice one GF.

MS

Reply to email this morning within 2hours--so they must be getting concerned at last! The sales are one big investor who needs his money out and is prepared to accept a lower price this will temporarily shake the price but as far as the company is concerned there is no need for concern as the shares are being mopped up. No other info that they are prepared to give out but the size of the buys are amazing--who is buying 7 million at a time?? I am hoping for a big movement up soon.

moneyplus

Well done. That's going to clear the air. Suprised that you got a reply though.
Don't they realise all we want is info.
MS

Nice one MP,as suspected.

cheers GF. Might add now at this knock down rate. In fact will.

I've changed my mind again. Going to hold. Still not in a position to dump ULVR. Need to free up some cash.

MS

14 mil go through at the end of the day 8 of which after stumps. Could be and interesting day to-morrow. Wouldn`t suprise me if we see yet another recommendations from Shares magazine

Oakapples142. Nothing in this week. Graeme.

By Tim Richardson
Published Wednesday 27th October 2004 12:48 GMT
Nildram - part of Pipex Communications - has cut the cost of SDSL in a bid to stimulate the take-up of the business broadband product.

So far, the take-up of Symmetric Digital Subscriber Line (SDSL) - which is aimed at SMEs that need to send (as well as receive) large amounts of data - has been patchy. Nildram hopes that its decision to cut the monthly cost of its SDSL products by up to 29 per cent will help encourage businesses invest in SDSL.

As an added incentive, for a limited period of time Nildram is also waiving the set-up fee for its 1Mbps and 2Mbps SDSL services - a saving of 475. Said Nildram's Andy Taylor: "With SDSL now becoming more widely available and increased interest amongst the business community in the technology, we are pleased to be able to make substantial reductions in price at this time."

I am beginning to think that you should not revisit a share when it has lost you money.CYH and PXC being examples of shares whose price performance make no sense what so ever.I have come back into these three times where i have thought they looked too cheap, but they have proved me wrong and kept falling.Bought both CYH and PXC recently at what i thought were very good prices.But here we go again...... Typical PXC today 95% buys...price drops and on small volumes.I will obviously never qualify as an expert at this game.Or as J P Gumby would say "my brain hurts"

Morning Willfagg - Oh to know the answer - could be that the MMs still have plenty of the 18mil sold on Monday - its patience that is required and its bold to hold. I recently sold RTD (at a small loss) and look whats happened this morning.

Thanks for comment Oakapples.I have followed this down from 12p , it would be nice to follow it all the way back up to 12p!I agree if you chop and change too much you just rack up trading costs and get frustrated as you never seem to be in the right place a t the right time.I generally buy when I feel they are at a good price and if there is not some " activity" in 2/3 months I consider whether the money would be better off somewhere else. I am prepared to hold a share longer term especially if it has some profit in it.ASC&SPS are examples.
However my approach/strategy does not work on about 1 in 4. Still trying to learn

Stick in there lads. It will come good .

cheers GF.

Willfagg

I am in the same boat as you. followed it down from 12p. I am staying put.Not very often GF gets it wrong. My gut says its a good one and the figures back it up.

I'm not so sure he has got it wrong. On paper this should be a cracker so only time will tell. The trouble with me is lack of patience. After 3 months or so I get figity and after 6 then I'm usually out. If I'm in an acceptable loss position I bite the bullet and move on.

MS

I still feel nervous about all the buying and selling that's going on and don't think the company is playing fair by not making some trading statements or proper comment on what is going on. You can I'm told ring up and speak to Ben who is fielding questions for the CEO from shareholders. Maybe someone can pin them down a bit more.