Phoenix Copper Share Discussion Threads

[leedskier] 02/3/2008 09:45

someone bought 2.2 million of these on an 'O' trade after the bell on Friday.

[vivgav] 02/3/2008 09:26

comment in MOS saying that Dubens/Oakley will wrap up Pipex sale this week

[troys] 01/3/2008 20:12

Tiscali may sell broadband business
Suggests sell-off is possible
NewsImages (1)TalkNEWS: 1 March 2008 18:43 GMT by Katie Scott
Tiscali's two-million UK broadband subscribers may soon be ringing another ISP when their connection goes down if reports on the web are to be believed.

Tiscali is facing a shake-up following the departure of its CEO, Tomasso Pompei, and his replacement by board member Mario Rosso.

In a cryptic statement, the company says it now plans to "explore options to create value for shareholders connected with the process of consolidation taking place in the European telecommunications sector."

Bloggers are already translating this as a hint that Tiscali is going to sell off its broadband business - which will affect both its customers and those who signed up to Pipex - which was bought by Tiscali last July.

[bobdown2] 29/2/2008 20:38

i dont know why you lot are so concerned about what you will get for pipex and freedom4. surely after all this time your pensions are now more important..just joking...i moved into tan and am slightly ahead of if i had kept pxc....bob

[spights] 29/2/2008 15:53

:o))))))))))))))))))))))))))))))))))))))))))

[fludde] 29/2/2008 15:05

Never met a woman who wasn't 100% sure!!

[spights] 29/2/2008 14:59

I am in that as well.It will come good 100% sure

[fludde] 29/2/2008 14:49

I was hoping it was WLW!!

[ps0u3165] 29/2/2008 14:29

Not BAY by any chance

[spights] 29/2/2008 13:41

I had another share like this.Its now flying:o)

[ps0u3165] 29/2/2008 13:33

Thanks Spights, need to subscribe see they are still going up :o(

[spights] 29/2/2008 13:00

you need to go first to L2 and then Charts and research.

[spights] 29/2/2008 12:59

Under Charts and Research

[spights] 29/2/2008 12:58

Crest Daily Share Lending Data - 12/12/1999 - 18/02/2008
Date Symbol ISIN Abbreviation Cat On Loan (M) In Crest (M) % SII (M) % OnLoan % In Crest
18/02/2008 PXC GB0005846018 PIPEX COMM ORD 1P OTH 316.74 2342.80 13.52 2444.32 12.96 95.85
15/02/2008 PXC GB0005846018 PIPEX COMM ORD 1P OTH 316.74 2342.86 13.52 2444.32 12.96 95.85
14/02/2008 PXC GB0005846018 PIPEX COMM ORD 1P OTH 316.74 2342.77 13.52 2444.32 12.96 95.85
13/02/2008 PXC GB0005846018 PIPEX COMM ORD 1P OTH 316.75 2342.74 13.52 2444.32 12.96 95.84
12/02/2008 PXC GB0005846018 PIPEX COMM ORD 1P OTH 316.87 2342.74 13.53 2444.32 12.96 95.84
11/02/2008 PXC GB0005846018 PIPEX COMM ORD 1P OTH 316.27 2342.80 13.50 2444.32 12.94 95.85
08/02/2008 PXC GB0005846018 PIPEX COMM ORD 1P OTH 315.88 2342.79 13.48 2444.32 12.92 95.85

[growthhunter] 29/2/2008 12:51

If you believe this the Pipex telecoms business been sold on already. And we havn't even had our dosh yet

[ps0u3165] 29/2/2008 11:08

Spights- were do you get the crest on load figures?

Thanks in advance.

[zimbi] 29/2/2008 08:35

so 7.5 a share and a ride in freedom (worth say 2p each to start with)

[veryoldbob] 28/2/2008 22:24

The reduction is exactly as stated in the circular of Feb 8th, so why the surprise? This from the circular:

"In addition, it is proposed that 0.9 pence of each issued Ordinary Share of 1 pence be cancelled and the nominal value reduced to 0.1 pence to further increase the Company's distributable reserves. To simplify the Company's share capital structure after the Capital Reduction, the Share Capital Adjustment will sub-divide the unissued Ordinary Shares of 1 pence each into Ordinary Shares of 0.1 pence each."

The only worrying point is the lack of news regarding the sale of the Business and Hosting Divisions. I had assumed the sale to OCL would be wrapped up before the meeting on the 3rd March, so shareholders could vote on both. I suspect now that OCL are the only bidders they're holding out for a bargain...

[ps0u3165] 28/2/2008 21:30

I recieved the following corporate action published on 11th Feb to my trading account. Looks like its the same as wriders to me.

PIPEX COMMUNICATIONS PLC - Important Information





We write with regard to the above mentioned stock to inform you that subject to shareholder approval at a General Meeting to be held on 3rd March 2008, the Company is proposing a Capital Reduction on the following basis:

0.9 pence of each issued Ordinary GBP0.01 share will be cancelled and the nominal value reduced to GBP0.001 to further increase the Company's distributable reserves.

The Share Capital Adjustment will then subdivide the unissued Ordinary GBP0.01 shares into Ordinary GBP0.001 shares .

The Company is also proposing a Name Change to FREEDOM4 Communications PLC.


The Capital Reduction is subject to court approval at a Court Meeting to be held on 19th March 2008.

The Effective Date for the Capital Reduction and Name Change is therefore expected to be 20th March 2008.

The Board considers that the Capital Reduction and change of name are in the best interests of the Company and shareholders as a whole.

Should you retain your holding in Pipex Communications we will update you upon receipt of any further information.

[troys] 28/2/2008 21:07

Nothing in the post for me :-(

[woody56] 28/2/2008 19:10

Cheers_____________The runaway train went over the hill and it blew

[spights] 28/2/2008 18:44

Hi Woody I have a share trading account with iii.If there was any news I would have had an e-mail from them.

[woody56] 28/2/2008 18:34

Post 28058 Spights.Wrider?