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.

can anyone shed some light on the late trades showing as sells, its a hefty amount, i realise the codes, ie worked trade etc, but how does that work...? and is the small c, ...uncrossed trade...?

All very positive love to to have a whisper about MR DUBENS next venture,or why he needed to sell .To fund what ???????????.jim first poster?

as i understand it, tomorrow's bids are only for the internet segmentr of PXC and not the whole

HI Cynic sorry but i cant see the price being ,say 20p ,for just the Internet part of Pipex its Wimax they all want ,if even to stop the other having it. jim

don't ask me what sp will be ..... i am just telling you what i am pretty certain what tomorrow's opening bids are for ..... i also understand that Virgin Media are the aggressive front runner.

sp will reflect what tomorrow's bids bring + what is perceived as the value of the balance

Here's hoping there's a battle of egos between sky and virgin

2517GEORGE - 22 Mar 2007 16:08 - 93 of 100
scotinvestor---------I first bought these @ 4.84 when they were GX Networks and @7 & 8p so I have done well. My school reports used to say 'could do better' no doubt my investment reports would say the same ha!ha! and 'you pays your money and takes your chance'
2517


Likewise but still in. ;-)

WHO CARES !
WAY I FEEL@ MOMENT JUST GET ON WITH IT

Daily Mail reports Virgin Media is favourite to get Pipex

confess i am still very confused ..... press seems to indicate WHOLE PXC being bid for today, but other good sources say it is only the internet side leaving the broadband and WiFi sections still to be bid for

Morning all
D' day today,

What time today will will find out?

i think after hours .... on that basis, would not be too surprised to see sp slacken of a bit today as some lock in their profits ..... my own view is that these first bids will be exactly that

Anyone know the significance of Paragon's convertible bond does this give them first share of the pie ?

Anyone know when an rns is due with the opening bidders

strewth! give the markets time to close .... lol!

Im excited!

http://business.timesonline.co.uk/tol/business/industry_sectors/telecoms/article1560539.ece

Thanks Falco ...... here below a transcript of same ...... not sure how this is available on the internet when seemingly appearing in tomorrow's sunday times though dated today (saturday), but life is full of strangeness ..... if this story is true and that is indeed what BT are offering and that the cap figure shown on this site is accurate (323.59m) , then that would appear to put a premium of about 25% on last night's closing price - i.e. 20/21p ...... i guess there would also be a reasonable chance of a bidding war, but no doubt the press tomorrow and Monday will have more to say on the issue



The Sunday TimesMarch 24, 2007

BT secures regulatory approval for possible 407m Pipex tie-upElizabeth Judge
BT has secured regulatory approval for a tie-up with Pipex, it emerged yesterday, as it joined a group of bidders tabling offers for the 407 million broadband player.

The telecoms giant, whose efforts to secure the UK division of AOL last year, were scuppered by regulatory concerns, has approached regulators for tentative approval for any tie-up.

The group is understood to be among a slew of interested parties, including Carphone Warehouse, BSkyB and Virgin Media, who have tabled initial offers to UBS, Pipexs adviser.

Tiscali and Orange are also thought to be circling Pipex.

The sale of the business, which has more than 570,000 broadband customers, is being conducted on a break-up basis.

As well as offering broadband services to consumers and small businesses Pipex, whose brands include Freedom2 Surf, provides internet hosting services. It also has a Wi-Max venture with Intel.

Analysts said that bidders could be deterred by the difficulty, and cost, of integrating Pipexs broadband customers into their own businesses.

Pipex has been built up through a series of acquisitions during several years.

The group, chaired by Peter Dubens, the entrepreneur, has long been regarded as a sale candidate. As competition in the high-speed internet sector intensifies, big-name players are seeking to maximise returns on infrastructure by scaling up their customer bases.

Pipexs move to exit now is thought to have been triggered in part by its unwillingness to keep up with the big name players crowding the high street by ploughing money into advertising and such areas.

BT and Virgin Media, for whom a successful bid for Pipex would mark a first move into DSL broadband, are at the top of the broadband market.

Analysts value Pipex between 9p and 19.5 p a share, depending on the value ascribed to its nascent Wi-Max venture.

Some have questioned why players such as BT, which looked over the business last year, would be willing to pay a higher price now. BT is being advised by Merrill Lynch.

The competition in broadband has already forced several players out of the market.

Last year the UK arm of AOL was snapped up for 370 million by Carphone Warehouse. In September Pipex, which has been amassed from the acquisition of about 14 businesses, bought Cable & Wirelesss Bulldog customer base for 12 million.Industry experts believe the market will eventually be whittled down to three or four major players, including BT.

This was in The Times today and the 9-19p is a misprint.