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".

many thanks. With volumes steady and mostly buys there has to be a point where the SP moves on. Surely its not just being held up for institutional buyers?

Schhh - dont tell anyone but has gone even more blue

LOL, i keep watching with disbelief and checking the Epic!!!!!!!!!!!!

OK its a joke only 1.2 million buys and the share price has gone up .25p!I would have expected to have at lease 50Million buys with not one sell for this! .......Sorry saw some blue and could not cope!!!!!!!!!!!!!
They have obviously "pressed the wrong buttons and it will self correct in a momment.

I've just had to pinch myself

Is it because the market is down ?

Thanks Troy! yes it was so obvious i missed it! market goes down 30 points PXC goes up. I an glad to see you are on the ball, my reversed logic was not working...Joking aside it gets very difficult to fathom out whats happenning on share price movemnets at time . PXC has been a good example recently where there has been enough press to have achieved take off by now

monster trades again this afternoon !!

Remain convinced we will see another RNS announcing an Institutional buy fairly soon.

always interesting to see how they widen the spread to suit to!

another 6,000,000 of buys. think some news will be out soon?

spread from 6% to 3%

News out this week or next, methinks, and then we should see the SP perform in line with expectations.

What are your expectations for the price say by christmas.

MS

MS

Difficult to have expectations with Pipex, its probably had more tips than red Rum for the National, yet has continued to languish around the 8p level for quite some time. I really do believe, (rightly or wrongly), that the stock has been manipulated to allow Institutional buying and perhaps today is the first sign that that the lid has at last been lifted. I would honestly expect to reach 16p and hopefully 20p. Perhaps I am dreaming but would also welcome other points of view.

PTH

I wish i had thought of the red rum gag....its totally confusing . Just why is the price so low it has been up to 12p in the last year and it is twice the company it was.It has not got the typical low price share syndrome of zero or low transactions dragging the price lower.Nor does it not communicate + it is very aggressive (just view its takeover activity!)Strong management.Producing good and improving results, As you can see all the reasons (and there are many more)why the price would languish at 8P!!
In short , share price at Xmas? Not a blinking clue........Im in because at some stage it has to grow significantly(i do not buy anything which does not have-un my opinion- the ability to double... as a minimum.)
Ok today has cheered me up I will say 12p

Lets hope that this is the turning point.

All quiet today ?

calm before the storm me thinks! Nice to see that we had some movement yesterday, could and should be the start of the anticipated upturn!

The Register

By Tim Richardson
Published Wednesday 8th September 2004 11:53 GMT



Pipex says it is now the fourth largest xDSL provider in the UK with more than 170,000 broadband punters.

The announcement that it had leapfrogged Tiscali into fourth slot (its now behind AOL UK, Wanadoo UK and BT) came today as the company announced that turnover had increased markedly over the last year on the back of increased take-up of broadband throughout the UK.

However, Pipex's claim is based on an analyst's report that doesn't class high-speed services below 512k as "broadband".

A spokeswoman for Tiscali UK, which has more than 300,000 "broadband" users, dismissed Pipex's new claim. "Ofcom counts anything from 128k upwards as broadband. We'll stick with that," she said.

While the debate concerning a definition for broadband continues to divide the industry and confuse punters, Pipex announced that turnover for the first six months of the year jumped to 43.6m from 11.1m last year, while it trimmed H1 pre-tax loss to 1.9m from 3.8m.

Broadband numbers, domain name registrations and shared-hosting customers are "now growing strongly" buoyed by the recent acquisitions of ISP Nildram and Web host outfit Host Europe.

Broadband now accounts for 42 per cent of Pipex's revenues, compared to 10 per cent at this stage last year. Hosting and domain names contributed 26 per cent of turnover, up from eight per cent, while revenues from leased lines fell from 61 per cent to just 15 per cent this year.

Said Pipex chief exec Mike Read: "In the period we have seen increased growth in broadband customer numbers, domain name registrations and shared-hosting customers. Following the period end, the addition of Nildram brought a significant number of SME business broadband customers.

"With these areas now growing strongly, over the next 12 months the Company will be focusing on the integration of the business processes and systems which have passed into Pipex ownership through acquisitions. It is expected that this integration will lead to further economic benefits and improved customer service."

Pipex - which employs 650 staff - plans to continue streamlining its business following recent acquisitions, but said that it has no plans to axe jobs. The "streamlining" will occur thanks to the integration of back office systems, the company said.