........."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".
The company has made application for a total of 1,500,000 new ordinary shares of
1 pence to be admitted to the Alternative Investment Market ('AIM') following an
exercise of options from the company's Employee Share Option Scheme and rank
pari passu with the existing Ordinary 1p shares.
Admission of the New Shares to AIM is expected to become effective at 8.00 am on
3 February 2005
Wish I knew as well... but how many times have I sold a stock because I ran out of patience.. only to find that it then moves up... I'm still going to hold as well. :)
I've been holding these since mid-2003 when they were still GX Networks. I've seens this kind of movement so many times that it's simply not exciting any more. I'm just longing for the days when I could have sold at 12p.
Still, I originally bought in at about 4p and various buys and sells over the past year have given me a tidy profit out of these so my remaining holding is pretty much already paid for. I've recently trimmed my holding to put into more exciting ventures, such as COH and SEO.