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.

...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

I would tip the first offer to come on friday at about 17.5p, then the bidding war to start and get to > 22p
and BT to win it !

hope it is anything north of 17p as have just doubled up using some of the proceeds of my TAN sale

I reckon 20p plus