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".

Anybody have any idea why the sudden halt after Friday? Cheers

Is this going to be a slow burner?

Did you notice that a LOT of smaller investors looking for a quick buck bought these on Friday and Monday. I rather fancy we might see some tree shaking here in the next few days or so. Sub 8p will certainly send a few heading for that sell button.

Just my thoughts, I am looking to buy a block myself. It'll be interesting to see what happens tomorrow.

NF

"Shares With Profits Growing 100% Or More

Market Comment

By Maynard Paton



Every growth investor hunts for rapidly expanding companies trading on very low ratings. With 2005 price to earnings (P/E) ratios below the current market average, the following ten firms could fit the bill.

Company Share
price
(p) Market
value
(m) 2005 EPS
growth
(%) 2005
P/E
Lastminute (LSE: LMC.L - news) .com 115 358 272 12.1
Pipex Communications (LSE: PXC.L - news) 8 171 100 13.4
Cardpoint (LSE: CASH.L - news) 101 61 573 8.0
Global Energy Development (LSE: GED.L - news) 179 50 193 8.3
ATH Resources (LSE: ATH.L - news) 149 44 2,057 9.9
City Lofts (LSE: CTF.L - news) 85 40 371 3.4
Public Recruitment (LSE: PUG.L - news) 127 30 115 8.4
IFX 78.5 23 121 8.5
Independent Media Support (LSE: IMS.L - news) 64.5 17 234 9.8
SPG Media (LSE: SPM.L - news) 11 9 188 8.9


They're a mixed bunch, involving online holidays, telecom services, cash machines, oil exploration, coal mining, property developing, recruitment, spread betting, television subtitles and business journals.

They also come with definite wealth warnings. All ten firms highlighted have short financial histories, with losses commonplace. In fact, only IFX and SPG have enjoyed a market listing for more than five years (and both have experienced significant upheavals since 1999 too). And of course, a lot can happen between now and the end of 2005, which could leave many of the above earnings forecasts looking rather ambitious in time.

Nevertheless, the list could contain one or two 'growth/value' gems. Indeed, two immediate income standouts are ATH Resources and City Lofts.

ATH, which joined AIM in June and operates two opencast coal mines in East Ayrshire, is expected to declare an 11p dividend for 2005. A 7% yield is on offer -- if you believe the house broker.

City Lofts, a developer of city centre apartments, joined AIM in December last year. The consensus estimate from three analysts is for an 8p payout in 2005. A yield in excess of 9% is on offer -- if you're optimistic enough to consider the group is not a housing share to avoid.

So what's the top tip? Well, the sensible advice for punters tempted by these fast growing fledgling businesses is to buy a wide spread of them -- and hope for the best. Given their embryonic status, most firms in the list will ultimately fail or just muddle along, while maybe one or perhaps two will offset all the disappointments by producing supersonic returns. Existing shareholders may beg to differ, but the sad truth of the matter is that judging which of the ten will ever hit the big time is anybody's guess at present.

Want to know which shares Maynard thinks will hit the big time? Check out the Motley Fool's Value Investor newsletter. To enjoy a FREE no-obligation trial, including access to past editions, click here.

Copyright 2004 The Motley Fool UK. All rights reserved. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Motley Fool UK. "

Am think about buying these again but when and what prices?
I bought these at 6.5p before and sold them at 11p
looking at buying PXC at 7p and am looking at healthcare enterprise group.

Healthcare are very boring!! They have good products including the Ebiox handwash-anti MRSA bug. I have held for months with not a flicker but would expect a trading update soon, then we might have some action. Up I hope! Pxc are well traded so at least they move around a bit, still waiting to go blue though on mine.

Nitefy

Is this the tree shaking? Lets hope so.

This is getting a tad boring.

Um... I hope so too - The morning got off to a very poor start, I checked the trades and it would appear a fair few were small trades. The spread is really upsetting and doesn't give me a great deal of confidence, it did get a little closer by end of day but I would still prefer it to be tighter (thats .25 tickers for you). Haven't been around today, so missed all the action! I might drop a buy order on Monday @ .07p, be interesting to read the press over the weekend, so I'll decide 10.30am Monday, see how it starts the week. I'm probably still going to stay out for a few more days, only because I feel it may drop a tad more yet (wouldn't want to short it though).

Troys - you think this is a tad boring... try buying a block of CYH, everyone in there have been waiting that loooooooong they've taken root!

Good luck anyway & have a great weekend

NF

yeah, this was 12p back in jan.

wish i sold now then. hindsight is a great thing

The mood's definately changed over the course of a week huh?

not over course of a week. Over course of a year, blakester.i never expected it to drift so much and for so long.

Must admit, i dont have good vibes about it now but its too late for me to sell as i bought just under 7p so may as well hold for long term. I bought fo long term anyway but had this for more than a year and price is almost the same from when i bought.

I understand your disappointmentThis is my third time in and am invested at similar levels to yourself.
There are a number of shares which continue to make no sense and this is one of them.Just because they change their accounting practices to a more prudent system is not a reason why there share price will take a further year to make headway!
BT comment today about there growth in Broadband.........If PXC are "the business" thay should be making positive comments to!

Come on stay calm guys. Did i not get it right last week.

Just stick in there the problem is theres to many bloody shares.

Lets all get onto investor relations and say we think for everyone held we should have a share price divider by 10, similar to the planestation move, but please upwards in the long term. So we would be looking at what 70p plus. but less shares held. I am sure this would help in the MEDIUM TERM.

cheers GF.

why is it every time i look at PXC they look cheap....and then i get my fingers burnt. They are now at 7.3 ,which i thought was a steal when i bought them, but they are back there again now and not looking like they will maintain it based on their recent performance

Sod Pipex, 6p here we come.

MS

Another stellar performance....

yeah, down again. And thats buys muxch more than sells!!!

Cant understand your so called calmness GF. This share steadly decreases through time (albeit slowly). Chart doesnt look too good either. Any chartists out there to predict things?

"down, down, deeper and down"

No have faith - someone has just dumped 3.5 mil so the SP will go up !!!

Good God - it did - now what do you make of that? Please keep selling and may be I will be able to get out at 9p!! The MMs are having a ball they have just bought at 7.12p and sold at 7.14p