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".

We look forward to that day mickeyskint

15,000,000 @ 8p after hours gets us to nearly 8% of PXC changing hands today!

something is in the air....need to brush up on the detail of the last Investec report to refresh my memory of the upside potential here!

Its really a game of patience. Just think of those poor devils who have sold.

cheers GF.

I aint been looking at my Pipex shares for a while (been to busy looking at my NLR flying), glad I hung in, only 2% more and I am back in the money, taken a bit longer than I thought though to get there though :)

Lets hope its worth the wait

Lets put it this way, folks who bought today(with some serious wedge, maybe institutuions/takeover?) will be looking to make from 8p onwards, 30-40% brokers note a while back was 16-18p year end I think

Daily Telegraph 30th Oct

Quote:

Pipex rallied 1 to 8 1/4 as traders said a large seller had been cleared out Co- Founder David Rickards, who left the group in April, is understood to have sold 80m shares at 8p each.

The Independent
Pipex Communications jumped 1p to 8.25p as Collins Stewart cleared a large seller from the market. The stock is believed to have belonged to a former director of Pipex. Analysts expect the stock to continue to make progress.

Nice to see the buyer cleared out.

cheers GF.

goldfinger hello again, it appears we have more than one common interest. a friend of mine in the communications industry has enlightened me that the way forward for Pipex is to develop the technology so could this be the start of fund raising by customer base numbers.

thinking of changing my username to 'time on me hands'

watcher

Do we think this is going to rally further next week?

Blakester. For what it is worth I believe so. There has been a cloud over PXC for quite sometime, now we know what that cloud was, and thankfully it is gone. PXC have been tipped all over the place over the last four months or so and a fair SP is quoted at 14-20p. AIMHO of course.

Regards

PTH

Thanks PT :o)

Lots of early buying from smaller punters - including me topping up.

Would anyone be kind enough to show L2 data for PIPEX please :)

I notice the mm's are playing this one cute today. If the spread was to close a little it might help confidence. They were quick to up the offer price on the back of the smaller investor this morning but aren't as confident that punters will keep hold of these. I was going to buy a sizeable block of these this morning but will now wait and watch.

NF

Just got in again, been out for six months made my money, now I hope it will be an upward trend again... Would be nice to see the 12p mark sometime in the near future.

Nitefly

Yes a big a spread 8.5% not inviting

Probably because the MMs have still got a hat full to sell.

thats not a cheerful thought for the share price!