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".

Nor mine

nor mine... unless it goes upto 15p

12.5p will be tempting!

Price might go down further if another institution wants in!!!

At sometime in the future there going to want out ! with profits !

Lets keep it quite and to ourselves or it will go down again !!

Oakapples you are so right. Not saying a word

was supposed to stay down, until i got in !!!!!

This stock has a long way to go before is gathers any interest again.

"I am saying nothing"

;)

gone up to 8p now.... wazzup! Even sell quite high ;)
Common rise bugger rise!!!

8p the limit here for a while i think

Name of acquirer
UBS AG London Branch
Beneficial owner, if different from above

Names of any other persons acting by agreement or understanding (see SAR 5)


Company dealt in PIPEX Communications PLC
Class of voting shares (eg ordinary shares) Ordinary Shares
Date of acquisition 18th May 2005

Number of shares acquired 2,400,000

Number of rights over shares acquired #


Nature of rights over shares


Total holding of voting shares (and percentage of total voting shares in issue) 439,021,029 (20.10%)

Total holding of rights over shares (and percentage of total voting shares in issue)

Combined total holding (and percentage) of voting shares and rights over shares

Date of disclosure 18th May 2005

Contact name Joseph Evans

Telephone number 020 7567 8286

Date of acquisition 08 April 2005...

Acquisition in Pipex Communications Plc Ord 1P



(1) Class of voting shares

(eg ordinary shares)



Ordinary .
Number of shares/rights over shares acquired

5,000,000.. shares


... ..rights
If rights over shares acquired, as opposed to the shares themselves, specify nature of rights



.. .




(2) Resultant total holding of voting shares (and % of total voting shares in issue)



391,950,180 ( 17.95 %)
Resultant total holding of rights over shares (and % of total voting shares in issue)



..... ..
Total percentage

17.95%*

OK NOW... UBS AG London Branch have increased holdings to over 20%.... to me this looks very interesting!!!
Someone is out to increase their holdings majorly... someone sells 600k of shares and price still remains same... looks like mm's absorbing the share for someone?

sidtrix,

this has been the case for a while now. whoever it is, they want even more shares!!!

skids

Yeah I know... just nice to see some stability at this price even after some major selling! Just thought I'd remind people that someone is lurking behind the bushes.

1.3 million sell and bid goes up to 8.50!
Sell is now 8.18 (even higher than it was after they reported this years profit)

Is there something any knows?

It will not last. It never does

As not much info on the possible price rise, I found these articles on ADVFN, thought might be an interesting note for all to read:

-

a few lines in the guardian on saturday about rumours in the market that cable and wireless is looking for an isp to beef up its bulldog brand.plusnet has shown some interest of late/price rising/ and ubs has bought a slice of pxc maybe it is about to get interesting

-
Must admit that UBS taking a 20% stake in this company on a "beneficial" basis is very interesting. When I was in the City the traditional wisdom was that if you saw a Swiss Banker dive out of a window you should dive after him as there was bound to be a profit in it somewhere! It is unlikely that they would be holding this amount of stock as a position unless somebody was bankrolling them to do so and as article 9809 above says, MMs tend to run short positions...............its cheaper! The Bulldog story could well be credible.......something popped onto my mat yesterday from these people and it was certainly an aggressive offer. Its been a long wait but something looks to be happening.