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".

What do we think the SP will do today?

I think down. We have had the good news

I was right

lol...at Troys...and here's me thinking the price fall was down to my bad karma after buying recently...the moneyam newspaper summary has the Daily Express down as mentioning pxc in its share whisper column...another karmic kiss of death...one day they must go north tho - (the day after i sell mine prob!)..

sp doing what it always does after good news- no surprise there! However, I still think this share will amaze us one day soon. It will suddenly start going up to where it should be. I'd rather stay in then get out now.

Just mms trying to stimulate a bit of interest on a flat day or possibly further manipulation for big boys. Anyhow, only 7ks worth traded.

me too...found this on the armshare site :

By the December 2003 year end, sales were 35 million, and although the operating loss was 10 million, gross margins which had expanded by 20 points, to 44%, and reports of current EBITDA profitability, provided enough airflow over the wings to keep the share price aloft. And, raising 33 million more at 10.5p to acquire fellow AIM-quoted Host Europe confirmed City views at least that Pipex is a stayer.

In August 2004, announcing that things were going well, the company acquired Nildram, a just-profitable broadband provider, for 13 million. The six-month period to June 2004 saw income of 44 million produce a 2 million loss. A January 2005 announcement confirmed that the results for 2004 would be in line with market expectations. Sales of 102 million, up from 35 million; the gross margin, which had been standing at 43.5% marched upwards by four points. A December 2003 EBITDA loss of 3 million was transformed into an equivalent of 14 million surplus. Year-end cash of 11 million had been enriched by means of a positive cash flow throughout the year. And the outlook? Good.

In April a sponsorship deal was agreed with Fulham Football Club. The same month saw the acquisition of Donhost, a web hosting company, for 6 million, 4 million in cash and the balance in ordinary shares. Donhost's unaudited sales and pre-tax profit in 2004 were 1.3 million and 707,000 respectively. This will carry the Pipex hosting customer base to over 250,000.

In May the company became one of only four worldwide taking part in Microsoft's Early Adopter programme for website/hosting design.
Research Standing
It is easy to spend money. Until there is evidence that the company can make it too, this will be the main factor influencing the lay investor. But City support should not be too cynically regarded, and the Pipex numbers are getting compelling now.

Until there is evidence that the company can make it too, this will be the main factor influencing the lay investor.


Nonsense. There are lots of blue sky companies making no money,with little turnover, issuing RNSs for fun and lay invsetors are round them like wasps on honey.

And the company is making profit.

Would of thought Pipex would of moved before Thus?

Nice buy of 2.5 mil just gone through which should see a SP adjustment or may be not - buys very much outstrip sells anyway

oakapples

Takes more than a 2.5 mill buy to shift this stock, especially if it's institutional buying yet again. I do wonder what it will take to get this moving??

pth

mension in daily star .its the business.hot gossip.ref ms early adopter programme.not exactly a financial heavyweight but im sure we will take all the help we can get.

Yes ptholden institutional buying again. two T trades totalling 3,000,000 shares. Hope this moves before I retire in 25yrs time.

8.5% spread. Who is going to buy or sell with that margin. More for the MM's

very low voulmes and up 3%, will never understand this stock!! Oh, well, shouldn't complain, at least it is up!!

Very true ptholden, but will it last?

I believe this share should be in the mid 9's by now, think it might go up with gossip\rumours before the AGM!

I think it might Troys. Just made a 'double bottom' classic reversal pattern. However RSI looks like it might be running out of steam!

pth

Stoke the boiler pth

Troys

needs more stoking than I can give it!!

We have all thrown enough money at it.