Ripley94
19 Sep 2019
Time to add FLX… XXXX Turner Pope sent one of there little ramp things to my phone today . Share price was up !
Ripley94
17 Jul 2019
Time to add FLX… XXXX Maybe me lucks changing lol . Sold that top for 2.1 today ( up 22% ) Just over 24 % gain on that punt , and it went lower lol . In hindsight should of done a normal trade instead of 60 %
Ripley94
09 Jul 2019
Time to add FLX… XXXXX Keeps going lower positive comments on lse from some names i recognise such as Nice_to_ Michu. But slagged of on afvfn … odd as that a winny site ?
Ripley94
02 Jul 2019
Time to add FLX… XXXX New lows of 1.77 today .
Ripley94
25 Jun 2019
Time to add FLX… XXXX Went back down to last weeks lows of 1.82p today .
Ripley94
25 Mar 2019
Time to add FLX XXXX… Showing up 11% back to my last top up but 12% spread no news .
Ripley94
15 Feb 2019
Time to add FLX XXXXX… Topped up @ 2.6p yesterday down to 2.3p buys today. ( 12% lower )
Ripley94
17 Nov 2018
Time to add FL XXXXX… TW blogged 16th … “Disappointed with performance but still a buyer up to 4.25p†!! "Sell 7p "
Ripley94
14 Nov 2018
Time to add FLX… XXXX RNS placing today @ 3p odd excuse institutional demand ? I made a mistake in August and so did they last few days as could pick them up for 2.9p on announcement .
IAmShareCrazy
18 Sep 2018
Not delusional Ha ha!
Ripley94
14 Aug 2018
Time to add FLX… XXXXX Down 19 % on today’s RNS. Mistake to get back in March 14th .
Thomas Tallis
05 Jun 2018
Results - in July? GDPR effect? Last year the results were out in July so not long to wait for them to come out this year.What will be the effect of GDPR? I am very hopeful of good news on that front - so hopeful that over the past month I have sold shares in other companies to steadily accumulate more FLX.
frusset
29 May 2018
Re: Read seems like a man who knows how ... I think, even if it was Dubens rather than Read who was responsible for the major deals at Pipex, Dubens would have wanted a good CEO. It seems strongly implied that Dubens had a big stake in Pipex, in this 2010 piece from the Evening Standard[link] only reason I'm not investing in FLX just yet, is that I've had my best returns on small profitable companies, and I've had failures at anticipating profits or positive cash flow. I recently sold Gfinity (esports) and Audioboom (podcasts), when they disappointed on cash flow. Selling Gfinity could prove to be a mistake, but Audioboom have messed up since then, with a botched acquisition that leaves them needing cash for costs incurred, on top of the normal cash burn. It's hard for me to tell if not buying FLX means I've learned a good lesson, or if FLX is a better prospect and I shouldn't judge it by negative experience with other cash-burners.
Thomas Tallis
23 May 2018
Re: Read seems like a man who knows how ... Thanks for your reply frusset . Very informative.I had a look, but, other than what is says about him on the Falanx site, I didn't find that other stuff. I got more hits about Mike Read the DJ, so well done on your searching.I'm a bit disappointed with the dip in sp today, but I am hoping for the results to bring news of a leap in revenue, and more contract wins, that sends the sp skyward.Last year the results were out in July. .
frusset
23 May 2018
Re: Read seems like a man who knows how ... My research into Read's tenure at Pipex isn't conclusive. It looks like shareholders were well rewarded, but it isn't certain that Read should get the credit. At least there's no evidence of him destroying value.On Falanx's site [link] it says about Read, "He served as Board member and CEO of AIM listed Pipex Communications Plc ...". On Wikipedia [link] it says GX Networks plc acquired Pipex and changed its name to Pipex Communications Plc, and I found that Pipex cost GX £55m, from [link] just says "Pipex" for things after the acquisition, when presumably they mean Pipex Communications Plc. They mention two acquisitions by Pipex for £36m in total, before saying "Pipex sold its home broadband business and the rights to use the Pipex name to Tiscali UK in July 2007 for £210 million.". It looks good, that there's a gain of £119m after deducting the acquisition costs of £55m + £36m = £91m, and there was still some business left, which was renamed Freedom4. But, there could be other stuff that Wikipedia doesn't mention.Read was CEO of GX Networks and continued as CEO after the renaming to Pipex Communications Plc. That's clear from this piece, "GX flies with Pipex deal" [link] author had tipped GX and liked the deal, starting with "We said good news was in store for our tip of GX Networks and today the ambitious AIM-listed telecoms company did not disappoint, bagging telecoms service provider Pipex for £55 million.". Also, "We tipped the shares (GXN) at the end of August at 5.625p. This morning they have leapt 15.5%, up 1.125p at 8.375p, valuing the business at £105.4 million.".I'd guess Mike Read was CEO throughout, because he was CEO of Freedom4, from this google result:"Freedom4 Group PLC | Final Results | FE Trustnet[link] Mar 2009 - Freedom4 Group plc, (FFG), a provider of wireless telecommunications ... Mike Read, Chief Executive Officer of Freedom4 Group, commented:."There are other bits of evidence that Read was CEO between 2003 and 2007.Shareholders got their windfall. From good old ii, [link] year-end: · Hosting and Network Services Division sold for £120 million· £154.8 million of cash returned to shareholders via a tender offer· Company renamed FREEDOM4 Communications plc· WiFi roaming service provider BOZII acquired"While it looks like Read was CEO for a period that was very good for shareholders, the Independent gives the credit to Peter Dubens.[link] Mr Dubens' companies. He's best known as the man who bought internet service provider Pipex and then sold it on at a large profit to Tiscali."At least it confirms that a large profit was made. The ii piece says Peter Dubens was Chairman of FREEDOM4. He's described as executive chairman of Pipex in this search result (where the link didn't work):"Tiscali buys Pipex's broadband services - Broadband Finder[link] Italian firm has bought Pipex's broadband and phone services by purchasing ... Peter Dubens, executive chairman of Pipex, said: "In the consolidating UK ..."Peter Dubens has a history of selling higher than he bought, with examples in the Independent piece like "He also invested in 365 Media, the dot.com business that became a major entertainment and news service. He sold it to Sky for £100m a few years back.". So maybe Mike Read as CEO just had to let Dubens ge
