Phoenix Copper Share Discussion Threads

[tradx666] 14/2/2008 12:51

sprights,

Still lurking.

Just trading as I see it for now...:-)

regards

T..

[troys] 14/2/2008 12:40

Mobile WiMax comes to Kent
More than 4,500 businesses in Maidstone could benefit from technology trials starting in April

Neon Kelly, Computing, 11 Feb 2008
The Maidstone trial is the first of its kind in the UKThe UK's first mobile WiMax network will open for business in Maidstone, Kent this April.

The trial will cover 7.5 square kilometers, enabling more than 75,000 people and 4,500 businesses to access services like mobile Voice over IP and live video streaming.

The Mobile WiMax Acceleration Group (M-WAG) is keen to promote the benefits of the technology ahead of Ofcom's approaching spectrum auctions, due to start later this year.

The pilot will offer a cheap way for Kent businesses to connect wirelessly, said Maidstone Borough Council IT manager Dave Lindsay.

"The network is especially exciting because Mobile WiMax can deliver robust, resilient and secure data transmission at a much lower cost than other mobile alternatives," said Lindsay.

"Not only will our residents benefit indirectly through improved, lower cost services, but those within the network perimeter will be able to benefit directly through using mobile WiMax at home or for business."

Mobile WiMax relies on different technology from its standard equivalent and permits a more flexible, roaming use of a wireless network.

Today Intel announced it will invest in service provider FREEDOM4 as part of plans to deploy mobile WiMax networks in the UK.

[veryoldbob] 14/2/2008 09:17

Interesting if China mobile do back LTE.

[troys] 13/2/2008 10:22

Intel injects funding into U.K. WiMAX
By Justin Mann, TechSpot.com
Published: February 12, 2008, 7:53 PM EST


WiMAX may be one most hyped, yet slowest-adopted technologies in recent times, but rest assured that isn't so from a lack of trying. In an attempt to push WiMAX to the next level, Intel has announced they will be cooperating with U.K.-based company, FREEDOM4, to fuel a huge WiMAX boost in that country. Using FREEDOM4 as a launchpad, Intel plans to make substantial investments with the ultimate goal of making wireless Internet available to a much larger audience. Intel may also have other motives behind this initiative such as the adoption of their own hardware needed for the deployment of the networks supporting this project.

As one of many vendors that has been offering and developing WiMAX hardware for some time now, Intel has a keen interest in a wider adoption of these technologies. There's no mention of the particular regions within the U.K that the company is going after on its first stages, but you can read more details in the Intel press release.

[ps0u3165] 13/2/2008 07:55

Thanks Spights

Hope its the old adage of any publicity is good publicity.

[spights] 12/2/2008 22:49

Where is Trad our expert on Wimax?

[spights] 12/2/2008 22:48

For Intel to invest large amounts they must have confidence. I will hold my shares in Freedom 4.

[stevi1111] 12/2/2008 22:38

The main problem I see is that the Wimax venture needs a bucket load of cash spending on it before it can be fully rolled out.

I remember both NTL and Telewest using shareholders to fund their network rollout then they both shafted shareholders completely furthur down the line.

As soon as I get my shares in Freedom4 I'll be taking the first opportunity to dump them as no doubt Freedom4 will soon be going cap in hand to shareholders.

[spights] 12/2/2008 22:31

Also the interest on their Fidicuary account.The wimax side seems far too low

[spights] 12/2/2008 22:28

12p and share in Freedom 4

[stevi1111] 12/2/2008 22:25

Spights.......Pipex's accounts are now very easy to breakdown and read.

Definately can't see more than 10p maximum here. (More than likely around 9p + a shareholding in Freedom4)

[spights] 12/2/2008 22:15

I still think you are all on the low side. Remember many of the big boys paid 13p......and they were not the shorters we see here most days.

[stevi1111] 12/2/2008 21:55

So lets say £105m approx current cash balance

PLUS

Say £100m for the hosting & network services division

PLUS

PXC's JV stake in Freedom4

= £225m at LEAST.

or 10p per share. Sounds about right.

That'll do for me.

[spights] 12/2/2008 20:19

Spights ------18p
Donkeystone --17.99p
Troys --------17.20p
plast---------16p
Tonybaloni ---15p - soon
MavTT --------14.75p
fullupfool ---14.50p
singy --------13.5p
bubface ------13p
ps0u3165------12.75p
SarahBudd 12.4p
veryold bob --12p
chrissey -----11.6p
propane-------11.50p ------need more (you will)
metamopper----11p
dave-w -------10p
Invest Ted ----9p
Joesmoke (returns) ---7p
Howling 0.002p

[bubface] 12/2/2008 19:45

vob could be close...really depends on how the market [and intel capital] value freedom4.

[veryoldbob] 12/2/2008 19:34

LOL. No need to comment but GS's 10p would still mean I was over-optimistic...

[bubface] 12/2/2008 17:40

growthhunter,yes it is but i can't cut and paste so have typed word for word from their european morning summary feb 11th.

so if we get circa 120m-130m as i hope then will be 10p in cash per share and wimax.i personally think the valuation on freedom at £25m too cheap....it may be based on the price intel originally bought in at which i think gave it a value of $100m...therefore £25m for pxc 50% stake.i think with the potential of wimax in uk, value could achieve overall £100m,therefore £50m for pxc stake.though we need to see what deal has just been done and what value is attached to it.
£25m =just over 1p per share therefore £50m about 2.1p.

[spights] 12/2/2008 17:25

VOB any comments:o)

[growthhunter] 12/2/2008 17:05

bubface....is that for real ?

[spights] 12/2/2008 17:04

bubface thankyou:o)

[bubface] 12/2/2008 17:02

from goldman 11th feb morning minutes.
pipex announced that it is in an advanced stage of negotiation with a single bidder for the sale of some or all of its hosting & network services division.no terms have been disclosed.
should a sale conclude ,the company plans to return to shareholders a "substantial portion" of the net proceeds plus the net cash [£107m on our estimate] already recieved from the sale of the broadband business post repurchase of the company's conv debt.the return is expected to be via a tender offer for a roportion of the ordinary shares.should no transaction arise,the company expects to run itself as currently constituted.
.....about meeting......
analysis
market cap £174m,consequently if the hosting and network business sells for more than £67m,the amount of cash returned to shareholders could exceed the current market value.ignoring the potential value of the retained assets [largely the stake in the wimax operation] we value the hosting and network business at £105m and the stake in wimax network at £25m.
implications
we see this announcement as positive for the stock since it confirms a sale as a real possibility and that receiots will be largely returned to shareholders.however it is not clear what happens to the net cash balance in the event that a sale is not achieved.
target 10p buy rating maintained.

they also have a pre disposal cash balnce in excess of £100m.