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".

double bottom forming?

does that mean PXC will suddenly recover again and shoot up?

apparently in IC today . Dont know what the detail is , as its just noted as being in IC today by MoneyAM Friday press comment. Anyone read the article?

In the IC article they say it is a top 10 AIM share from there picks. "BROADBAND MARKET IS ONLY LIKELY TO GROW AS MORE AND MORE PEOPLE BECOME AWARE OF THE TECHNOLOGY'S BENEFITS"
It all sound very positive- can't believe the shares still don't want to go up!

Pipex on the move up 3.7%. whats up ?

I am dreaming - What a start to a week - I am with one exception all blue (including Pipex) - shhhh !

Thus shares slip as Kingston swoops for rival Omnetica

JOHN BOWKER
SENIOR CITY CORRESPONDENT


KINGSTON Communications yesterday unveiled a 170 million swoop for a telecoms rival Omnetica - boosting the chances that Glasgow firm Thus will remain independent.

Shares in struggling Thus have been held up recently by talk of circling rivals, but yesterdays announcement turned the market off the idea.

Dan Gardiner, a telecoms analyst at Seymour Pierce, said: "The prospects of consolidation in the sector have diminished as a result of this announcement. Energis, Easynet, Fibrenet, Pipex - theyve all said they want to go it alone."

What to we make of a 4 mil transaction at 7.25p

Looks like a buy to me

Who woke this one up. It's blue. Are we heading back to 12p, probably not.

MS

City probably liked the Kingston news - May be Pipex potential will now be realised

8p on the offer; what's going on?

Oh I feel faint with all this excitment. What's going indeed.

MS

Level 2

5 v 5

this has been a good sign in the past that Pipex is about to take off!

here's hoping

Just wonder why UBS Investment Bank has been accumulating such a large holding. Is their 19.32% about to be sold on to a competitor?

Pipex Communications PLC
05 November 2004
SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES
UBS Investment Bank
Total holding following this notification
421,681,404
Total percentage holding of issued class following this notification
19.32%

I need to know. Think i will sit down and wait for the news.Wow !!!!

Troys

maybe they are leading a push by Dubens to take company private?

10p a share sounds about right?

You can bet your bottom dollar that UBS are up to something. Investment Banks do not accrue near 20% holdings for nothing. You can be sure their Merger and Acquisitions people have been involved. They are deal makers afterall. Lets see what transpires!

Mack 1705

10p far too cheap. Is Dubens the kind of guy to take it private? I think not

Troys

dunno maybe he is if he could?

Pipex buisness is projected to throw off 20/25m cash pa

that would easily service 200m of debt at say 5.75% - 11.5m pa

buying out existing shares at 10p = 220m

UBS control 20% = 44m

so debt required 176m - easily funded by above corporate banking facility

Taking it private at this price would be a piece of piss, then you work the business for a couple of years and refloat it...Dubens could make an absolute fortune for himself and his backer(UBS)!!!

why else has the price stuck at current very low levels unless its being manipulated to fit the 'hidden agenda'

watch this space over the next couple of months