Anyone knows about the recent speculation of big contracts coming up at C&W ??? Would welcome any threads. Thanks.

UK's Cable & Wireless jumps on ABN AMRO optimism

LONDON, Dec 19 (Reuters) - British telecoms firm Cable & Wireless Plc topped the FTSE 100 (^FTSE - news) gainers list on Friday, recovering from a two-month low after C&W's house broker ABN AMRO (Amsterdam: AAH.AS - news) told clients the stock looked cheap.

C&W shares were up 5.3 percent at 133-1/4 pence by midday. Volume was heavy, with over 34 million shares changing hands, above the 90-day average volume of 29.6 million. Earlier in the week, C&W touched 123-1/4p, its lowest level since mid-October.

"Since C&W announced their U.S. exit the stock has drifted off around 10 percent and I think the main reason for that is people have been reducing beta in their portfolios towards the end of the year, but I do think the downside risk has minimalised," said ABN AMRO analyst Richard Eary.

"Even if the markets turn and look for low-beta stocks next year and go back to value plays, C&W should also come up on radar screens given its cash pile, low multiples and ability to increase the dividend side or potentially embark on share buy-backs," Eary added. He has an "add" rating on C&W, with a price target of 148p.

C&W shares have been the star performer of the blue-chip FTSE index in 2003. Friday's rise brings its increase in the year so far to a massive 196 percent. The next best gainer looks set to be mobile phone company mmO2 , up 74 percent at 77p since the beginning of January.

Current price 132.25 down 1.8%. Looks like a good opportunity?

Thought that you might want to know an interesting fact on the AFX news today:

LONDON (AFX) - Richard Lapthorne, the businessman parachuted in to rescue Cable & Wireless PLC, is set to make more than 2.5 mln stg in his first year in the job, the Sunday Times reported, giving no sources.

It said the C&W chairman is paid a salary of 386,000 stg and holds a large number of shares that on paper have given him a gain of almost 2.3 mln.

newsdesk@afxnews.com

pav/

Current price 134.25 up 1.5% from 22 Dec. That's alot if you've a large holding in the company. Since it's a blue chip company, you can easily sell at large volume without any problem. I'm happy with it and IMHO, its going to grow quick enough.

Slow but Steady. Price now 135.5

We could see some top line movement here. I amm very pleased with my investment.
Thanks to all on the thread for their first class research. jock.

Price now 137.25. If you look at the price and date closely it has risen from 130 to 137.25. A good 5.5%. An investment of 50,000 will bring you a profit of 2788 pounds. Not bad huh? The price still looks very cheap and its rising fast today.

Just realised that the price has gone up to 139. Cheap!

price now 141.25 Good value shares are hard to ignore.

142.5 now up 9% from 22 Dec. Heard that there are contracts to be announced and price is going up.

145.5 now. Still extremely good value.

On the 8 of Jan company directors have purchased at a price of 135.25 pence
per share.

146.25 now

Tech sector was boosted by the research on Mobile phone effects on human health - the result was inconclusive. One to watch as well. This company was once valued at 15 pounds per share!!

148.25 now. For those who have listened, you would have gained a massive 12% !!! Still cheap if you're looking for medium to long term investment.

I am considering buying C&W I bought a long time ago when things were really looking bad and took the profits long ago. I see that they still have their huge cash pile and they are saying that it will only cost them around 300 million to exit the US.

I would still think that this is a good medium to long term bet - anyone disagree? I can't seem to find a huge amount of information on them.. though their website is very good

Stay out for the time being. I sold mine at 154.

This is strong.
I wa s checking the highs... 430p!! Was there any trade above 400p today?

hmm

Received a C&W Plc securities litigation notice from USA court in Virginia in respect of shares held during Aug 1999 and Dec 2002(lost a fortune then).
Any one any comment on this notice???
Thanks p/271

Does anyone else think the support level at 146 is an indication to buy?

http://www.moneyam.com/action/chart/submitParams2

Taking into account the news today about the agreement allowing C&W to go ahead with the purchase of Energis today, and the charts, does this look like a buy opportunity - any comments?

It's started to move. Any reason?

the charts are looking promising:


Two reasons for the change are:-

1 On 25 October 05 the UK Office of OFT cleared the Cable & Wireless buy of Chelys Ltd, owner of Energis.


2 On 28 October 05 Cable and Wireless announced the completion by its subsidiary, Great Eastern Telecommunications Limited ('GET'), of the sale of its entire shareholding in Mobile One Limited ('M1') representing approximately 12.1 percent of the issued and paid up capital of M1. GET is a joint venture between Cable & Wireless (51 percent) and PCCW Limited (49 percent). The purchaser is SunShare Investments Ltd., a joint venture between TM International Sdn Bhd (a wholly owned subsidiary of Telekom Malaysia Berhad) and Khazanah Nasional Berhad. The consideration was S$2.20 per share, being S$260.8million in total (86.6 million at the exchange rate at close of business on 27 October 2005), of which Cable & Wireless is entitled to 44.2 million through its 51 percent holding in GET.

I wonder why many of us are encouraged to sell when the market is low and buy when it's up.
CW. was a good buy at 127 a few days ago, it's now being sold at 119!! Who was buying then and who's selling now?
Are they the same people?
Why many sold at 110 and others baught at 135 last month.

I don't short shares but if I did this one would be high on the list!

"Any illusions that the legacy UK unit has positive value should be over. In 2003, the year that Richard Lapthorne took over as chairman, it generated 116m of ebitda. Next year it should make about 40m. It cannot cover its capital expenditure bill." Lex, FT

Is VDO looking for this or not? They have the money now

C&W SP will double in a few days time.

SAM24, what reasons do you have for saying that.
2517

red = 25 dma
green = 50 dma

fairly strong resistance at about 165 now broken.
perhaps marginally o'bought, but could well be good for a little canter

Chart looking marvellous now, solid support at 165p on any retrace.

cynic, I think you MAs are the wrong way round, green looks like the 50day to me.

Broker upgrade, target 200p.

Explains this mornings explosive breakout.

thanks Andy ..... have not seen that, but having bought at 167 so very happy anyway

I read the write up In the IC today, Impressed by directors buying....5 of them.

i hold these too ..... as usual in the bloodbaths, babies and bathwater get thrown out together ...... certainly C&W now look very cheap on the chart, but would be happier if they staged a quick and sharp recovery

sp has really struggled to get through the previous 180 high, but has now done so in style on the back of some very positive press mumblings re break-up value and general upgraded target of 240 ...... i already hold, so am a happy bunny anyway, but the company is quality and has long bee suggested as a "victim" in the inevitable consolidation of this sector

reminder for me! ..... figures due Thursday 24th ...... Cable & Wireless PLC year to March EBITDA 456 mln vs 411 mln stg; revenue 3.411 bln stg vs 3.23 bln.

looks to me that the results easily surpassed expectations .... at lesat this and VOG should open significantly higher this morning!

have banked my (nice) profits here, albeit that sp then shot up another 3-4p ..... but who cares? ...... can't go bankrupt with a banked profit .... lol!

Great prospect.. Never mind the result.

SO WITH THE NEWS OUT ON THE 25TH MAY,DO YOU THINK ITS TIME TO PILE IN .

CW. has always done good deals. Sold at the highest prices ever, and now buying back at the lowest levels possible....

You seem to have forgotten the billions they lost buying dot com bubble companies in the US.

Halifax,
what are those?

RNS Number : 0469N
Cable & Wireless PLC
10 February 2009



10 February 2009

CABLE & WIRELESS RECONFIRMS EBITDA GUIDANCE FOR 2008/09

Richard Lapthorne, Chairman of Cable and Wireless plc, said:

'Our two businesses are performing very much in line with our expectations. We remain alert to the economic environment but we continue to trade strongly.

'Europe, Asia & US has maintained its progress, winning significant new business and gaining market share, as well as renewing contracts with major customers. Our customers are benefiting from a compelling proposition of market leading IP products, high service standards and the

opportunity to reduce their cost base.


'In International we benefit from a wide spread of geographies, products and customers and we have, in the main, seen resilient trading. We are pleased with the performance in Panama, despite the advent of further competition. Monaco & Islands and Macau are performing broadly in line with our expectations. In the Caribbean the restructuring programme is underway and the early results are encouraging, mitigating some softening in the tourist led economies.


'Consequently, we are confident that we are well positioned going into 2009/10.'


Financial highlights:

Cable and Wireless plc confirms that it is trading in line with expectations and is on track to achieve its guidance for Group EBITDA of at least 780 million for the current financial year to 31 March 2009 assuming an average exchange rate for the year of US$1.88 to 1.00. This guidance remains unchanged since the interim results announced on 10 November 2008 and comprises: International EBITDA of at least US$910 million; EBITDA for Europe, Asia & US, including Thus, of at least 325 million and an EBITDA cost in Central of no more than 29 million.




The Group has significant US dollar denominated profits, cash flow and net assets. The recent

strengthening of the US dollar against sterling1 will have a favourable impact on the translation of our International US dollar revenue and EBITDA. This benefit will be offset to some extent by exceptional finance expense from the hedging of a proportion of our US dollar surplus cash flows

and debt draw-downs, as these contracts are closed out or marked to the year end exchange rate as required by IFRS.




Operational highlights:

Acquisition of Thus Group plc: On 1 October 2008, Cable & Wireless declared its offer for Thus Group plc unconditional in all respects. The work to integrate Thus into Europe, Asia & US is progressing well, and will deliver our guidance of Thus EBITDA of 23 million and synergies of 7 million in the six months to 31 March 2009. As a result of the integration, approximately 600 colleagues have been notified that they will leave the business.

Europe, Asia & US recent customer wins: a five year 79 million contract to become the supplier of telecommunications for Centrica in the UK; a three year contract to provide a managed voice and data network solution to Morrisons, the leading supermarket chain; a three year contract to deliver a next generation call centre solution to Lloyds TSB Asset Finance.

Launch of our Multi-Service Platform in India: Europe, Asia & US has announced the launch of its Multi-Service Platform in India. We are the first international telecoms provider to receive all the necessary security clearances from India's Department of Telecommunications allowing us to provide advanced IP-based solutions, delivered directly in India.

International customer win: The Government of Panama has awarded Cable & Wireless Panama SA, in partnership with MER Security Communications Systems Ltd, a four year, US$28 million contract for the design, implementation and supervision of a 911 medical emergency service for Panama City, Colon City and surrounding areas.

Maldives licence extension: Dhiraagu has signed a 15 year extension of the licence in the Maldives on terms that are materially unchanged.

1 If the exchange rate on 9 February 2009 of US$1.49 continues to 31 March 2009 the average full year exchange rate for Cable & Wireless 2008/09 reporting would be US$1.76 to 1.00.




About Cable & Wireless

Cable & Wireless is one of the world's leading international communications companies. It operates through two standalone business units - Europe, Asia & US and International.

The Europe, Asia & US business unit provides enterprise and carrier solutions to the largest users of telecoms services across the UK, US, continental Europe and Asia. With experience of delivering connectivity to 153 countries - and an intention to be the first customer-defined communications services business - the focus is on delivering customers a service experience that is second to none.

The International business unit operates integrated telecommunications companies in 39 countries offering mobile, broadband, domestic and international fixed line services to residential and business customers, with four major operations in the Caribbean, Panama, Macau and Monaco & Islands. For more information visit www.cw.com

Recovery in Asia should be so good for CW.

8.50p dividend is over 5%. Not bad for a growth company.

Sales soar at Cable & Wireless
Business Financial Newswire
Telecoms company Cable & Wireless said group revenue for the year to March 2009 was up 16% to 3.646bn, while EBITDA before exceptionals was up 36% at 822m. C&W recommended a 13% increase in FY dividend to 8.5p per share, with a final dividend of 5.67p.

The group said it saw 138m (23%) of growth in the year, with 78m from its Worldwide division (formerly Europe, Asia & US) and 60m from CWI (formerly International).

C&W enoyed 29m (5%) of additional EBITDA following the acquisition of Thus and the associated EBITDA synergies.

The group also made 50m from the beneficial effect of foreign currency translation on CWI.

Group, Worldwide and CWI EBITDA were all ahead of guidance for 2008/09.

Worldwide EBITDA was up 49% on last year to 326m and CWI EBITDA up 11% to $921m.

Group EBITDA guidance for 2009/10 is approximately 1.025bn.

Commenting on the results, Richard Lapthorne, Chairman, said: 'Each of our businesses has produced another strong set of results.

'Worldwide has improved every aspect of its performance with growth in EBITDA and trading cash flow. This performance reflects management's commitment to customer service, the managed IP product set and continuing strong cost management. Moreover, the integration of Thus, which we acquired in October 2008, is going well and is on track to deliver the synergies that we expected.

'CWI has also taken a substantial step forward producing double digit growth in EBITDA. I'm particularly pleased with our performance in Panama, where we have grown our mobile revenue despite increased competition and also the progress of the 'One Caribbean' programme which has made a good start in reducing our cost base.

'We're well aware that the recession provides a degree of uncertainty but our current view is that we have a robust set of plans that will allow us to progress further in 2009/10. Consequently, we're guiding to an increase in EBITDA to over 1bn and we expect a substantial increase in cash generation.

'Whilst our trading position is in good health, as announced last autumn we have postponed, but not cancelled, our value realisation plans until we can foresee a sustained period of normality returning to the credit and equity markets. In the meantime, we'll continue to execute our plans, growing shareholder value as we go.

'Finally, we're delighted to recommend a full year dividend of 8.5p per share, an increase of 13% on last year, demonstrating the Board's confidence in the Group's prospects.'

Cable & Wireless falls on talk of share sale

LONDON/PARIS (Reuters) - Shares in telecoms group Cable & Wireless fell more than 10 percent on Thursday on market talk that directors were selling shares, traders said.

The company was not immediately available for comment.

At 9:09 a.m., the shares were down 9 percent at 142.7 pence and the volume on C&W shares represented more than 140 percent of the stock's 90-day average daily volume.

The company said on Thursday that its full-year earnings jumped 36 percent following an operating overhaul and acquisition synergies, and said it would target further strong growth in 2010.

(Reporting by Sitaraman Shankar and Atul Prakash in London; Blaise Robinson and Kate Holton in Paris)

Certainly high volume today.

Reasonably positive move on Interim management statement.

should see 170 again

From Morgan stanley today:
"Quick Comment: C&W delivered a poor set of results this morning. Revenues were 3% lower than we forecast, EBITDA at 463mn was in-line with our expectations, but guidance was cut at CWI from $935mn to $880-900mn driven by poor Caribbean trading. Note that the new guidance includes a $40mn positive from Maldives, so the underlying guidance cut is much worse - $85mn at the mid point or around 8% of sales in H2. Offsetting this, the company preannounced its FY10 dividend of 9.5p (6.4% yield). C&W also agreed an interim pension funding plan with the Trustees comprising payments of 10mn in Oct 2009, 20mn in Oct 2010 and 45mn in April 2011. The next full actuarial valuation is due in March 2010."

Are you sure you read the results. Headlines are:
07:07 Cable & Wireless Plc (CW.) Cable & Wireless after tax profits up 42% at 163m BFN
07:06 Cable & Wireless Plc (CW.) Cable & Wireless revenue up 13% BFN
07:05 Cable & Wireless Plc (CW.) Cable & Wireless group EBITDA up 30%

I think its the resurrection of the demerger that isn't going down very well.

Track record of the management is great.

Thanks god they never followed the guidance from advisors and financial analysts who are expert in misleading the community. They are responsible for all the confusion in the world.

You can check, half the population in the world is richer and 15-20 percent are poorer than two years ago.

below 100p!

wow 93p

even more Wow!
-this isn't looking good, should have got out earlier.

DYOR
Today, Co. says "...results will be in the lower range of expectations.." .......Huh!
EDIT-(21Jy10)- now 65p, doesn't look too clever, that demerger this year.....increased costs in the short-term and I'm not convinced folk really know what they have gotten..

Kissy kissy.

buy!

Cable&wireless Worldwide wins global government telecoms contract

Foreign & Commonwealth Office (FCO) signs 82* million, five and a half year contract

Global telecoms framework for managed services to more than 150 countries

Anticipated that other government departments will separately contract for services under the agreement

Includes Next-Generation Network (NGN) and advanced IP data and voice services

Just gone long here.

Final Results.

Financial highlights

-- EBITDA up 2.6% to GBP442 million

-- Profit before tax, before exceptional items, up 23% at GBP143 million

-- Delivered free cash flow of GBP61 million

-- Hosting and Applications margin up 10%

-- Final dividend of 3.0 pence per share recommended; full year dividend 4.5 pence

-- Board intends to hold the annual dividend level at 4.5 pence until covered by free cash flow

Operational progress

-- Extended relationship with Boots UK in an agreement to supply and manage a range of data and telephony services

-- Won a three year contract with Babcock to consolidate their network estate and connect 250 UK and international sites

-- Agreed framework contract to provide a highly resilient global network for the UK Government

-- Launched 'Flexible Computing', our innovative cloud proposition

Heavy volume with 126m UT.

Ex dividend this Wednesday (8th). 3p.

From last night :-

RNS Number : 8657I

Cable & Wireless Worldwide PLC

21 June 2011

21 June 2011

Cable & Wireless Worldwide plc

Response to recent press speculation

The Board of Cable & Wireless Worldwide plc notes the recent press speculation in relation to an approach for its Global business. The Board has considered and rejected that approach.

Paul Moore

Head of Secretariat

Cable & Wireless Worldwide plc

Got the dividend today - it equates to a 12.66% yield at today's price! God knows where this is going.

Ah yes, but it's not G'teed to continue and Dir will think "Hmm, I'll have some of that as a Bonus!"

Also, a good yield is no good if the sp keeps falling . . . . more-or-less what's happened to LT shareholders over the last few years . . . . and spending money on knocking up two businesses is really a waste of funds; - er, IMHO.

Why this has been falling recently. Many small jumps on a big purchase, but no move at the end of the day.

All trades have been AT!

Hal Yearly Report.

Trading performance in line with market expectations, trading cash flow up 19%

Underlying margin and EBITDA stable year on year

Package of measures announced aimed at reducing costs, improving marketplace performance and ensuring a strong and resilient balance sheet

Gavin Darby to join as Chief Executive Officer on 28 November 2011 - John Pluthero to leave the business in March 2012


Financial highlights

EBITDA1 190 million (H1 2010/11: 214 million), underlying performance stable

Gross margin1 511 million (H1 2010/11: 522 million), underlying flat

Trading cash flow2 strengthened by 19% to 38 million

Exceptional items - goodwill impairment (436 million), deferred tax asset write down (146 million) and the write off of obsolete assets (42 million) totalling 624 million

Agreement concluded with pension fund trustees, initial payment of 100 million, 125 million of available resources released

Interim dividend of 0.75 pence per share to be paid in January 2012 at a cost of 20 million. Future dividends suspended to improve balance sheet strength

Trading highlights

UK Enterprise - recent contract wins to restart hosting growth

Renewal and extension of framework Government contract, providing greater opportunities to engage with UK public sector

Progressing global markets - 7% enterprise margin growth

Extra 35% of data centre capacity commissioned - to start to come on stream in H2

New Chief Executive

The Board has appointed Gavin Darby as Chief Executive Officer with effect from 28 November 2011

John Pluthero will leave the Board in December 2011. He will stay with the business to effect an orderly handover and will leave the business in March 2012

The fall is overdone.

I wouldn't be surprised if Pluthero's personal terms for a takeover were too onerous for an acquirer. So, a deal may be a lot easier to get done without him on board. If so, it needs to get done soon .... 50-60p is likely price range.

CW has a monopoly in Panama.I know what it's like to sit for a hour or more waiting for someone to deal with customers needs.It would help if there were some competition and get those people organizing a system that recognized that people are human beings who can't afford to spend half a day waiting to be attended to.Monopolies are bad for everybody.Look what Maggie did for Utility Companies in UK.At least service wise they became very efficient.

LONDON (Reuters) - Cable & Wireless Worldwide picked a former Vodafone (LSE: VOD.L - news) executive to run the company on Tuesday and cleared the decks for his arrival with a host of writedowns and a halt to dividends.

The group, which had already dispensed with senior executives after three profit warnings in less than a year, said CEO John Pluthero would be replaced by Gavin Darby, who will start on November (Stuttgart: A0Z24E - news) 28.

Analysts interpreted the string of exceptional items as a necessary move to secure the services of Darby to turn the company around and regain the trust of investors.

"He's well respected, he's a big hitter at Vodafone, he will not want to walk into a business like this and have his reputation destroyed over the next two years," analyst Will Draper at Espirito Santo told Reuters.

The group announced one-off items totalling 624 million pounds, agreed a 100 million pound payment into its pension fund and froze future dividends after its interim payout in January.

The one-off items pushed the group to a half-year loss of 443 million pounds.

Pluthero, whose remuneration had been a bone of contention with investors, will leave the business in March 2012.

He told reporters he had no regrets over taking a 10 million pound bonus from a private-equity style incentive plan in the three years before the business demerged from Cable & Wireless Commercial in March 2010.

"The business isn't that far off track," he said. "I'm sure the package of measures we're announcing this morning will encourage shareholders to get behind the business in the coming months."

Darby, who left Vodafone in 2010, will have an annual salary of 600,000 pounds and the potential for a bonus and shares in his new job.

Shares in the group were down 10 percent at 27 pence, compared with a peak of 98.5 pence shortly after the demerger.

"Why chase CWW here?" Mark James of Liberum Capital asked. "No free cash flow, a revolving door of executives, no dividend any more and no growth. We remain sellers. CWW, despite the demise in the share price, continues to look singularly unattractive versus its peers."

REPEATED WARNINGS

C&W Worldwide, which competes with BT , provides voice, data and Internet Protocol-based services to multinationals and governments after it demerged from the Communications business, which is focussed on the Caribbean.

The profit warnings have been blamed on austerity measures by the British government, pricing pressure on core data services and higher energy and rental costs. Its (Euronext: ALITS.NX - news) traditional voice business has also declined faster than expected.

Pluthero noted that trading had become extremely volatile in the last six months, with corporations taking longer to commit to new contracts.

"I think it will take two or three more months of the euro zone edging towards the right answer before they really feel confident about putting their hands in their pockets again," he said, explaining that their UK customers did much of their business in Europe (Chicago Options: ^REURUSD - news) .

"There's proper caution out there today."

Espirito's Draper noted, however, that underlying trading in the first half had been broadly in line with consensus, with revenues for the six months flat at 1.1 billion pounds and core earnings down 11 percent at 190 million pounds.

But the group failed to outline a clear strategy for the future, and Draper said there was concern that the new CEO would take time to decide how best to focus the business.

"You could see this, you would hope, as marking the low point for Cable & Wireless (LSE: CW.L - news) ," he said. "But there are still some risks. We really don't know what Gavin Darby's strategy is going to be, and I don't think there is any strategy at all in today's announcement."

Darby was previously the chief executive of Vodafone UK and the International business, which was responsible for the United States, Africa, India and China.

In auction.

RNS Number : 5171T

Cable & Wireless Worldwide PLC

07 December 2011

Cable & Wireless WORLDWIDE plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) OR CONNECTED PERSONS

In accordance with DTR 3.1.4R(1)(a), Cable & Wireless Worldwide plc ("the Company") advises that on 6 December 2011, Gavin Darby, a Director, purchased a total of 2,000,000 ordinary shares in the Company at a price of 16.89 pence per share.

Anyone in these?

I have some, but was just this minute looking at them again. This link - Cable & Wireless Worldwide: a call for more reinvention or break up? was posted over the road earlier - worth a read.

cheers Sinny. Just bought a few

In theory the Yield is 20+% so you get your investment back in (er, 5 years?), assuming no rise in sp.

Looks like a good deal to me, esp. as the recent purchase of 2m shares by Director.
But I'll restrained myself to a modest punt, a few weeks ago.

I take it you did read the Half Yearly Report?

"Interim dividend of 0.75 pence per share to be paid in January 2012 at a cost of GBP20 million. Future dividends suspended to improve balance sheet strength"

Yes and No. Asset value is a couple of times more than the share price. They have many options even if the situation does not improve.

something going on here. watch it out...

Ahoj - were you refering to the movement of the SP or something else?

John Pluthero, who was replaced as CEO at Cable and Wireless Worldwide last month, is leaving its Board at the end of the year.

He will remain with the company for another three months to assist with the handover of responsibilities to the new Chief Executive Officer, Gavin Darby.

RNS Number : 4021V

Cable & Wireless Worldwide PLC

11 January 2012

Interim Management Statement and Strategic Update

Cable & Wireless Worldwide (CW.) will issue its Interim Management Statement on Thursday 16 February which will include a strategic update from Gavin Darby, CEO.

Details for this event will be issued in due course.

ENDS

RNS Number : 4957V
Cable & Wireless Worldwide PLC
12 January 2012

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Cable & Wireless Worldwide plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights
X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation
Orbis Holdings Limited (parent)

Orbis Asset Management Limited

(investment manager and controlled undertaking)

Orbis Investment Management Limited

(investment manager and controlled undertaking)
4. Full name of shareholder(s) (if different from 3.):

Vidacos Nominees Limited

HSBC Custody Nominees (Australia) Ltd

5. Date of the transaction and date on which the threshold is crossed or reached:

6 January 2012

6. Date on which issuer notified:

12 January 2012

7. Threshold(s) that is/are crossed or reached:
Over 17%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares


if possible using
the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction

Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of voting rights

Direct
Direct
Indirect
Direct
Indirect

GB00B5WB0X89
434,606,290
434,606,290

460,050,104

17.03%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument
Expiration
date
Exercise/
Conversion
Period
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument
Exercise
price
Expiration
date
Exercise/
Conversion
period
Number of voting
rights instrument
refers to
% of voting rights

Nominal
Delta

Total (A+B+C)
Number of voting rights
Percentage of voting rights

460,050,104
17.03%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Orbis Asset Management Limited is a controlled undertaking of Orbis Holdings Limited.


Orbis Investment Management Limited is a controlled undertaking of Orbis Holdings Limited.

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:

Paul Moore, Head of Company Secretariat

Cable & Wireless Worldwide plc

15. Contact telephone number:

+44 (0)20 8243 1822

I hold a few

Can it get back to 30p?

Starting to show some life. Fingers crossed, though.

RNS Number : 9529V
Cable & Wireless Worldwide PLC
20 January 2012

Cable & Wireless Worldwide plc ("the Company")

Additional Listing

Application has been made for the admission of 40,721,464 ordinary shares of 5 pence each in Cable & Wireless Worldwide plc to the Official List of the UK Listing Authority and to trading on the London Stock Exchange on 26 January 2012

These shares will be issued pursuant to the Cable & Wireless Worldwide plc Scrip Dividend Scheme.

These shares will rank pari passu with the Company's existing issued ordinary shares.

Contact for queries:

Paul Moore

Head of Secretariat

Cable & Wireless Worldwide plc


Telephone: +44 (0) 20 8243 1822

I sold ha;f earlier, but it appears that it can get to 70p again.

Always the way ahoj. Sold all mine at 18.6

Cable and Wireless Worldwide shares made a late surge to close up 6 at 23.9p, topping the FTSE-250 leaderboard.

Traders put the rise down to the closure of "two very large sell programmes" from unnamed investors.

"There's no doubt that a one day rise of 33pc is exaggerated," one said. "The share price has been pretty depressed recently so I guess it spells a return to normal levels."

Cable & Wireless Worldwide PLC : 23 January 2012: Cable&Wireless Worldwide appoints new hosting managing director

C A B L E & W I R E L E S S W O R L D W I D E A P P O I N T S

N E W H O S T I N G M A N A G I N G D I R E C T O R
London, 23 January 2012: Cable&Wireless Worldwide has announced today the appointment of Michelle Senecal de Fonseca as its new global managing director for hosting services. Cable&Wireless Worldwide announced in November its intention to expand its hosting capacity in order to meet growing customer demand.

Data hosting and applications support is one of the company's key focus areas and Ms Senecal de Fonseca will drive growth in the scale and contribution from this business unit in the near term. Ms Senecal de Fonseca brings a wealth of data hosting, telecoms and finance experience to the company from her roles with US West, Sprint International as well as Global One, Worldport and the European Bank for Reconstruction and Development (EBRD).
Commenting on her appointment Ms Senecal de Fonseca said, "With an enviable list of highly engaged clients, extensive telecoms and hosting capabilities coupled with the full support of the board, evidenced by the recent investments in hosting capacity, this a great time to be joining the company. I am looking forward to building on our successes so far and helping the company to become recognised as a strong and credible leader in the hosting market."
Gavin Darby, Cable&Wireless Worldwide's chief executive, added, "Michelle is a great addition to our senior team. I believe that her energy, expertise and track record in hosting will prove to be invaluable."
Ms Senecal de Fonseca has dual British/American citizenship, speaks five languages and has been recognised by Global Telecoms Business magazine as one of the industry's most influential leaders

LOL - never has an appointment been greeted so generously by the stock market. She must be some lady :-)))
A poster over on the dark side speculated that CW had sold their international division. The post was later deleted. It may not be true, but I also doubt that closing of shorts would cause such an explosion. Not that I'm complaining, having only bought in last Thursday.

It should settle around the same price as cwc, 40p by mid February.

The news is here:

Expansion of Data Hosting Capacity with Infinity
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TIDMCW.

RNS Number : 0745W

Cable & Wireless Worldwide PLC

24 January 2012

CABLE&WIRELESS WORLDWIDE expands data hosting capacity WITH INFINITY

London, 24 January 2012: Cable & Wireless Worldwide plc ("Cable&Wireless Worldwide" or the "Company") today announced that it will expand its data hosting capacity by 25 per cent through a 15-year agreement with specialist data centre operator, Infinity. The multi million pound investment reinforces Cable&Wireless Worldwide's commitment to hosting services and illustrates the board's willingness to support core capabilities. This builds on investments already underway to expand the Company's existing Tier 3 data centres in Leeds and Swindon.

.....

RNS Number : 1846W
Cable & Wireless Worldwide PLC
25 January 2012


Cable & Wireless Worldwide plc

Additional Listing

Application has been made to the UK Listing Authority for the block listing of, and to the London Stock Exchange for the Admission of 20,000,000 ordinary shares of 5p each fully paid, ranking pari passu with the existing ordinary shares, to the Official List.

These shares will be issued in respect of the Cable & Wireless Worldwide plc Share Purchase Plan 2010.

TV providers over the world are moving towards using internet. Good for copanies like CW .

Ahoj - Yep I am back in and added this morning. Awaiting the so called strategic update!!

Sunday Times Today

Vodafone is considering a £700m takeover bid for Cable & Wireless Worldwide, the embattled telecoms company.

The mobile phone group has been spurred into action by the collapse in CWW’s market value since its demerger from Cable & Wireless in 2010, industry and City sources said.

Apax Partners, the private equity firm, is also running the rule over CWW, which sells telecoms and internet services to big businesses, mainly in Britain.

Neither of the potential bidders is close to tabling an offer. However, it is understood they are ready to pounce if Gavin Darby, CWW’s new chief executive, stabilises the struggling company.

The looming battle for control of CWW is the latest sign of life in a moribund takeover market. There has been a recent spate of announcements, including the proposed merger of Glencore and Xstrata and the £1.4 billion bid for Misys, the British software group, from Swiss-based Temenos.

Companies are looking to deploy the huge reserves built up during the recession. Vodafone was sitting on a £7 billion cash pile at the end of September and is tipped to generate as much as £11.8 billion in cashflow this year. At Friday’s closing price of 19.75p, CWW was worth £530m. Analysts said that a bid could value it at more than £700m.

A bidding war would offer some relief for CWW’s long-suffering shareholders. After a string of profit warnings, suspension of the dividend and the departure of two chief executives, CWW has lost four-fifths of its value since early 2010. sunday times

Fantastic news. I was thinking of getting out of these on Friday as the price was slip sliding away again. Happy Sunday - even happier Monday.

Reported as $1.1 Billion bid on Bloomberg. Should be interesting opening tomorrow!!

From 70p to almost 17 prior to Christmas this is a woeful business, still clinging to ideas of grandeur...
Can anyone remind me...are they still engaged in Buybacks....or is this issue of shares (and the one before it) something that Shareholders have great pleasure in reading about?
I have a few, but not further siluted, of course.

What would you do if you had 120k shares at 26p average?
Any suggestions?

RNS Number : 2649X

Vodafone Group Plc

13 February 2012

13 February 2012

RESPONSE TO PRESS SPECULATION

Vodafone notes the recent press speculation regarding Cable & Wireless Worldwide plc ("CWW").

Vodafone regularly reviews opportunities in the sector and confirms that it is in the very early stages of evaluating the merits of a potential offer for CWW. There is no certainty that an offer will be made nor as to the terms on which any offer might be made. Any offer, if made, will be in cash but Vodafone reserves the right to change the specie of consideration. A further announcement will be made in due course, if appropriate.

In accordance with Rule 2.6a of the Takeover Code, Vodafone is required to, by not later than 5pm on 13 March 2012, either announce a firm intention to make an offer in accordance with Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies unless the Panel on Takeovers and Mergers has consented to an extension of this deadline.

- ends -

Still in auction - trades going through @27p - which is nice!

what price would be a fair T/o price? SP opened up 25% up but doesn't appear to be doing much. would consider an entry <25p but not mad it there yet.

Statement re. Press Comment - Amendment
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RNS Number : 2834X

Vodafone Group Plc

13 February 2012

This replaces the announcement issued by Vodafone Group at 07:00 this morning under RNS Number 2649X. The date in paragraph 3 should read 12 March 2012 not 13 March 2012 as originally issued.

13 February 2012

RESPONSE TO PRESS SPECULATION (UPDATED)

Vodafone notes the recent press speculation regarding Cable & Wireless Worldwide plc ("CWW").

Vodafone regularly reviews opportunities in the sector and confirms that it is in the very early stages of evaluating the merits of a potential offer for CWW. There is no certainty that an offer will be made nor as to the terms on which any offer might be made. Any offer, if made, will be in cash but Vodafone reserves the right to change the specie of consideration. A further announcement will be made in due course, if appropriate.

In accordance with Rule 2.6a of the Takeover Code, Vodafone is required to, by not later than 5pm on 12 March 2012, either announce a firm intention to make an offer in accordance with Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies unless the Panel on Takeovers and Mergers has consented to an extension of this deadline.

- ends -

I hold from 75p down to 18p. I am close to break-even now!

in at 24.85p will wait and see what unfolds.

How very fortuitous!

And now Legal and General.

RNS Number : 3145X

Cable & Wireless Worldwide PLC

13 February 2012

13 February 2012

STATEMENT IN RESPONSE TO ANNOUNCEMENT

BY Vodafone GROUP PLC

The Board of Cable & Wireless Worldwide plc ("C&W Worldwide") notes the announcement by Vodafone Group plc ("Vodafone") today that it is in the very early stages of evaluating the merits of a potential offer for C&W Worldwide.

The Board will make any further announcement as may be required in due course.

In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, C&W Worldwide confirms that it has the following relevant securities in issue: 2,746,100,010 ordinary shares of 5 pence each (with International Securities Identification Number GB00B5WB0X89); and 2300 convertible bonds of GBP100,000 each due 2014 (with International Securities Identification Number XS0468712863).

A copy of this announcement will be available at www.cw.com. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

- ends -

A bit of momentum now - +36.5%

In auction +39.7%

how far up will the SP go on news of poss T/o? is it worth top slicing and trading or better to just let it run?

I guess it depends on your own comfort zone.

am happy to hold but wondering if it would be better to trade. have only got a small punt on it

just thinking there might be a bit of a sell off at COB

Its hard to call - but its never wrong to take a profit.

top sliced at 28.89p 20% profit for day will look again tomorrow

Still holding all mine. Think there will be further progression in SP over next few days. Cant ever knock those locking in profits. Good luck to those who hold........

Just a view reported today in The Globe and Mail


Vodafone weighs bid for C&W Worldwide


Paul Sandle and Victoria Howley LONDON

Published Monday, Feb. 13, 2012 7:46AM EST

Last updated Monday, Feb. 13, 2012 7:56AM EST


Vodafone Group , the world’s largest mobile operator by revenue, is considering a bid for Britain’s Cable & Wireless Worldwide, whose fixed-line network could boost bandwidth for its Internet-hungry customers.

“Vodafone regularly reviews opportunities in the sector and confirms that it is in the very early stages of evaluating the merits of a potential offer for CWW,” the company said on Monday.

C&W Worldwide, which has issued a string of profit warnings since its demerger from Cable & Wireless Communications in March, 2010, has fixed lines that are used by mobile operators to provide links to mobile transmitters and switching offices – a process known as wholesale backhaul.

It also provides voice, data and hosting services to companies like Next, Tesco and United Utilities, and retains an international cable network connecting more than 150 countries.

It declined to comment on Vodafone’s statement, which came after the Sunday Times reported it was considering a £700-million ($1.1-billion U.S.) bid for the group.

C&W Worldwide’s shares, which have lost three-quarters of their value in the last 18 months, surged 30 per cent to a three-month high of 25.5 pence on Monday, valuing the company at £700-million, while Vodafone rose 0.9 per cent to £1.74.

Tim Daniels, analyst at Olivetree Securities, said a deal could make sense for Vodafone because it had no fixed-line network in Britain in contrast to many other markets where it had integrated fixed and wireless networks.

“Pressure on data networks from smartphones and tablets means that mobile companies can’t cope with all the traffic and have to move some of the overspill onto fixed-line networks,” he said.

Vodafone could also get some corporate customers “on the cheap” by doing a deal, he added.

Broker Bernstein agreed that buying C&W Worldwide’s fibre network would improve Vodafone’s U.K. network quality and would limit the charges it had to pay to rent fixed-line capacity.

But it said that with cable operator Virgin Media starting to provide wholesale backhaul in competition with C&W Worldwide and BT, the opportunity to get more competitive rates was decreasing not increasing.

Telefonica, the owner of Britain’s O2 network, could also be interested, analyst Robin Bienenstock said, but he noted the Spanish group was more focused on asset sales.

And France Télécom and Deutsche Telekom, the owners of the other large mobile network, Everything Everywhere, were more likely to float the joint venture than do more deals, he said.

“In our view private equity would also be the rational buyers of this asset,” he said. The Sunday Times said Apax was running a rule over the business.

A banker who advises European telecom companies said that unlike private equity firms, Vodafone would be able to generate synergies by moving some of its excess traffic onto C&W’s network, which would give it scope for a higher bid.

“I find it hard to imagine that private equity would be able to outbid Vodafone if it wants this asset,” the banker said.

Analyst Guy Peddy at MacQuarie said the operational issues that needed fixing in Cable & Wireless Worldwide made a bid a possibility rather than a probability.

“The due diligence that Vodafone would have to do would have to make them comfortable there is an underlying sustainable business,” he said. “It’s not necessarily an easy sell to its investors.”

C&W Worldwide has stumbled from one crisis to another since it split from the Caribbean-focused international half of the former Cable & Wireless.

It announced writedowns of £624-million in November, and John Pluthero, who notably received bonuses of more than £10-million from his time at Cable & Wireless, left after less than six months in the job.

Ex-Vodafone executive Gavin Darby was brought on board to lead a turnaround.

Mr. Peddy said he had a 40 pence price target on Cable & Wireless Worldwide, giving a market cap of £1.1-billion, and he said investors should not sell out below that level.

Reuters reported last year that Cable & Wireless Worldwide could make a tempting target for mobile phone operators such as Vodafone or O2.

Vodafone, which is flush with the proceeds of asset sales in France, Poland, Japan and China, said any bid would be in cash.

Lombard
Last updated: February 13, 2012 10:41 pm
Vodafone goes bottom-fishing

By Jonathan Guthrie



Bottom-fishers pursue some ugly critters. Vodafone is jigging its lure over the nose of Cable & Wireless Worldwide, misbegotten offspring of the demerger of Cable & Wireless in 2010. Like the benthic monkfish, whose face even its mother does not love, C&W Worldwide has long been judged more saleable in pieces than whole. Vodafone may do the necessary filleting, if it can haul C&W Worldwide aboard through a cheap cash takeover.

C&WW would be a tiddling acquisition for Vodafone, even after a 44.5 per cent jump in the shares to 28.5p on Monday increased the market value to £783m. The company’s assets include a bunch of subsea cables, some tax assets, data centres and a British bulk telecoms network. Of these, the big mobile phone company is most likely to be interested in the latter. Demand on mobile network capacity from i-gizmos exposes operators to cost pressures when they route data through BT’s cables. Vodafone could alleviate these by buying its own UK plumbing, while taking one-off gains from tax losses and the sale of the seabed pipes.

C&WW’s shares fell about 75 per cent from demerger to the last undisturbed price, reflecting a slew of profits warnings. Chairman John Pluthero and chief executive Jim Marsh, tarnished in investors’ eyes by a pay row, were resistant to a break-up. They have now been replaced.

How cheaply could Vodafone, or a rival bidder such as Apax, do a deal? A sum of the parts valuation of £2.5bn floated by one brokerage in December looks toppy. Another intermediary suggests a transaction should be do-able at 55p a share, implying an enterprise value of £1.7bn. The consequent takeout ratio would be 4.4 times forward earnings, just below the mid-cap average. But numbers may need trimming if C&WW issues a weak trading statement on Thursday.

Added a few more this afternoon on the fall back.

looks like i timed the top slice correct y'day, shame about the timing of my buyback today[@27.14p].That said, As long as the figures are ok on Thursday this should continue on upwards. a 40p a share deal would be nice but by no means a certainty.

DYOR and GLA

Alex

Are they reporting the results on this Thursday or next week?

Thursday 16th.

Interim Management Statement.

Interim Management Statement and Interim Business Review

16 February 2012

-- Full year 2011/12 outlook unchanged.
-- Focus on sustainable cash generation and returns from capital invested
-- Target to reduce business complexity, build internal capability and reduce cost
-- Building on the strength of client relationships in the UK and overseas
-- Planned increase in hosting capacity starting to come on stream

look as anticipated. didn't see anything too disastrous that should cause SP to drop dramatically, but that's no guarantee it won't. onwards and upwards.

Tata Communications shares gain amid CWW takeover report

MUMBAI: Shares of Tata Communications on Thursday soared by about four per cent in early morning trade amid reports that the company was looking to bid for acquiring UK-based telecom player Cable & Wireless Worldwide (CWW).

UPDATE 1-India's Tata Comm eyeing C&W Worldwide-report

MUMBAI, March 1 (Reuters) - India's Tata Communications Ltd is preparing to bid for Cable & Wireless Worldwide Plc, the Times of India reported on Thursday, in what would be the biggest British acquisition by an Indian firm since Tata Motors (BSE: TATAMOTORS.BO - news) bought Jaguar Land Rover.
The paper, citing sources directly briefed on the matter, said a bid could possibly be made in the next two weeks.

virgin mobile may join later.

Statement re. Press Comment

RNS

RNS Number : 4603Y
Tata Communications Limited
01 March 2012



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE

1 March 2012

Announcement in relation to press speculation

Tata Communications Ltd ("TCL") notes the press speculation in relation to Cable & Wireless Worldwide plc ("CWW") and confirms that as part of its ongoing review of potential acquisition opportunities, TCL is evaluating a possible cash offer for CWW. TCL would like to emphasise that considerations are at a very preliminary stage.

In accordance with Rule 2.6(a) of the Code, TCL is now required, by not later than 5.00 p.m. on 29 March 2012, to either announce a firm intention to make an offer for CWW in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

This is an announcement falling under Rule 2.4 of the Code and does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the Code.

Out of extended auction +15.4%

Indians have the habit of buying British companies with depressed share prices.

Corus was sold to TATA Steel when everyone knew the future could be bright. We paid over £3 a share for Corus, they bought it at penny prices. It worth around £7 now!!!

Jaguar Land Rover had the same story. Sold for nothing - £500 cash and the co was sold for £10 if memory serve me right. It made the higher profit ever last year under TATA management.

The new story is CW. Many of us paid over £1.70 for CW. and some others paid over £7 and still holding. We are now happy that TATA is going to buy it probably around 50p. They will sell the same shares around £2 in two years, all IMO.

Growth in internet is exponential and reality now, unlike internet hype years 2000, 2001. You should just look at Google, Apple, Facebook, etc. They all need internet connection all over the world. I think CW. worth over £1 even at this depressed market.

Three reasons for my expectation of bid price around 50p.

1. The break up value is around £2.4bn.
2. Those who bought at 29p in early february will not be able to sell 90M million shares at profit if the price does not jump to 50p levels.
3. Internet is now recognized as one of the best growth industries. We cannot live without it. Telecom companies like CW., CWC, and Virgin Media will be more valuable in the future.... probably ten times more in the next five years.

TATA joined in when the share price was over 28p (27.2 to 29.2p) for ten days.

The UK tax losses of 4 Billion are worth around 20p per share to VOD not sure if Tata could use them against their other UK interests if they can then really you would expect Tata to be happy to pay 40p+. I am not at all versed on USA corporation tax but given the tax loss cfwd by CW. in the states is 14 billion may be Verizon should be bidding rather than VOD with Verizon selling of the UK based assets and UK related tax losses to VOD. Verizon is 50% owned by VOD for those that do not know.

make your mind up time for Vodaphone bid.

Could be Tata :-)

or maybe a virgin!

well something going on takeover panel give Vodaphone bid extension time to 29th march same as for Tata. sp moving up nicely 50p possible here.

looks like a case of who will "blink" first.... Tata or Vodaphone?

It worth over 70p anyway, regardless of the results.
Some even value its assets at 150p a share.

Seems to be coming off a bit now.

sp up 5% so far today.

sp finished up 6% more to come we think.

At the closing price, its a double bagger + for me. I was tempted to take the money and run - lets hope I was right to stay.

skin us too have stayed in looking fo 50p+

Vodafone's C&W Worldwide bid deadline extended

(Reuters) - Vodafone must decide whether to bid for Britain's Cable & Wireless Worldwide by 29 March after regulator the Takeover Panel extended the deadline on Friday to the same date set for potential rival bidder Tata Communications.

The takeover panel had set a "put up or shut up" deadline for March 12 after Vodafone said in February it was in the early stage of considering whether to make a cash bid for Cable & Wireless Worldwide (C&WW).

It granted the extension on Friday at the request of C&WW, the corporate telecoms services group said.


Vodafone's declared interest in C&WW, which has issued a string of profit warnings since it split from Cable & Wireless Comms two years ago, prompted India's Tata Communications to say on March 1 that it too was looking at making a bid.

Shares in C&WW closed up 5.9 percent at 36.2 pence, valuing the group at nearly 1 billion pounds ($1.6 billion).

Vodafone closed down 0.9 percent at 169 pence. Tata Communications last traded up 2.5 percent at 235.60 rupees.

Analyst Nick Brown at Espirito Santo Investment Bank said the extension meant Vodafone was working quite seriously on whether to make a formal bid or not.

"Their intentions of having a look at the business were made public perhaps before they would have liked, so it makes sense they might want a bit more time because it's not just the Cable & Wireless shareholders they have to convince; they've got to present a robust case to Vodafone shareholders as well," he said.

"There's been a fair degree of scepticism about the deal; as we've got closer to the deadline it became more apparent that Vodafone was serious about potentially making a bid.

"Now they are requesting more time it is probably more likely than not they are going to come out with something formal."

Standard Chartered is the financial adviser to Tata Communications, the company said in the filing, with Rothschild and Barclays Capital advising C&W Worldwide.

current sp gives a market value quite close to their net asset value.

What happens if VOD say no? Back to 15p?

Possibly Harry - but the reason I didn't sell on Friday, is that I (hope) assume that the fact that VOD have asked for an extension, means that a bid is fairly certain.

sp still rising up 3% so far today

PE players to help fund Tata Comm's Cable & Wireless bid

Tata Group's bid for the international assets of Cable & Wireless, one of the largest telecom players in the UK, could cost over USD 1.2 billion, and CNBC-TV18 learns that Tata Communications may be partnering with private equity players for the financial bid.

Krithika Saxena reports that Tata Communication at this point in time doesn't really have the financial muscle for this bid, which is why they are trying to bring in private equity players similar to several other deals like Patni, IGATE and Hero Honda.

March 29 is the final date for the bids, and as we know Vodafone is also likely to be a strong contender over here, so we need to wait and watch out for that.

only 2 weeks to bid deadline on 29th march quite likely some news next week.

halifax - if you want some amusement - have a look at the "theorists" on the CW. & MCHL threads over the road :-)

From FT sector watcher today (though waiting for VOD decision on VZN first):
"Mumbai – India’s Tata Communications Ltd. has decided to make a formal cash offer to buy the U.K.’s Cable & Wireless Worldwide PLC, a person familiar with the development said Tuesday.

The Tata Group company is likely to raise short-term debt of upto $2 billion to fund the potential acquisition, the person, who asked not to be named, said.

The person added that while the company has received commitments from banks for raising the funds, final documents haven’t been signed as yet. Also, it isn’t clear in what form the debt will be raised."

A bit more here - Tata Communications to make formal cash offer for C&W Worldwide

And here - Tata Comms yet to decide on offer for C&W Worldwide: source

sp up 8% so far today , bid news must be coming soon!

skinny - you just couldn't make it up. Verbal diarrhoea. Sheer drivel.

Tata Communications finalising $2billion loan to make bid for Cable and Wireless.

Recent comment here.


Kumar declined to comment on the prospects of Tata buying Cable & Wireless Worldwide (CWW).

looks like bids may have to be near 50p to succeed.

Not so sure - I hope you are right, but I think nearer 40p will do it now.

VOD just touched its day high.

Assuming halifax is correct with his date of the 29th as a deadline, this week should see a conclusion to the speculation. Fingers crossed!

Harry suggestion from brokers both Vodafone and Tata are seeking an extension to the put up or shut up bid deadline.

looks like the possible bids are going down to the wire, no announcement of any extension to tomorrows deadline yet....... place your bets!

Note from Bernstein’s Robin Bienenstock:
"The acquisition of CWW could be accretive for Vodafone, reducing backhaul costs and offering a larger platform from which to grow their Enterprise business; it is however, by no means necessary. As a reminder we think that there is logic to Vodafone bidding for these assets in what could be a margin accretive deal. However, we think that it is by no means certain, nor necessary, for the UK business to do so. We think that there are alternatives to acquisition, but that acquisition could (1) support rapid growth of Vodafone’s Enterprise business; (2) speed up LTE investments and (3) put Vodafone’s network a lasting step ahead of peers while improving margins. M&A is not without reputational risk for Vodafone, but after weeks of meetings with investors we think that this deal would not jeopardise Vodafone’s hard earned reputation for discipline in this regard as long as it were well explained. We do not think that this purchase signals a new round of M&A from Vodafone, although we do believe that it is in Vodafone’s interest to enter into Italian Metroweb’s equity (preferably directly, but failing that through Fastweb). Please see the piece Round Two of the Value Chain Wars or a Further Step Down in Euro Telco Valuations? for a greater explanation of Vodafone’s possible pursuit of these two assets.
Financial synergies could be substantial. Cable and Wireless has substantial tax losses which we believe could be used by Vodafone to offset tax in both its UK and international businesses. However investors should expect Vodafone, given the current tax environment, to talk down the value of the UK assets. These tax losses amount to £5.2bn and should be allowable against tax in the UK for telecommunications profits, resulting in a potential £1.2bn tax saving over a number of years. International tax losses of some £10bn are also likely to be valuable to Vodafone, while the company has unused capital allowances totalling £3.4bn which may be able to be used to defer tax on future capex. CWW also has extensive global communications links, including potentially valuable undersea cables which, in our view, could be divested for £150m-£200m."

"Accretive" - excellent word.

Hmmm.... I suppose a derivative of 'accretion'? Journalistic licence?

RNS Number : 3113A

Cable & Wireless Worldwide PLC

28 March 2012

29 MARCH 2012

Cable & Wireless Worldwide confirms extension of Takeover Code deadline

In accordance with Rule 2.6(a) of the Takeover Code, Vodafone Group plc ("Vodafone") and Tata Communications Ltd ("TCL") were required to, by not later than 5.00 p.m. on 29 March 2012, either announce a firm intention to make an offer for Cable & Wireless Worldwide plc ("CWW" or the "Company") in accordance with Rule 2.7 of the Takeover Code or announce that they did not intend to make an offer.

In accordance with Rule 2.6(c) of the Takeover Code, at the request of the Company, the Panel on Takeovers and Mergers has consented to an extension of the relevant deadlines until 5.00 p.m. on 19 April 2012 to enable each of Vodafone and TCL to establish whether or not their preliminary discussions with CWW might result in a formal offer for the Company which the Board of Cable&Wireless Worldwide would be willing to recommend. There can be no certainty that any offer will be made, nor as to the terms of any offer.

The Board will make any further announcement as may be required.

A copy of this announcement will be available at www.cw.com. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

- ends -

At least they are still interested then. Think I will continue to hold.

Six days to go and a little uplift in the sp. Very surprised that there hasn't been more speculation concerning this stock. Slightly worryingly quiet!

Harry not really probably VOD and TATA waiting for the other to show their hand.

from FT yesterday:
"Newswire report yesterday that Tata Communications’ lending banks are still working on the terms of a reported $2bn 30-month bridge loan to finance its bid for Cable & Wireless Worldwide [BUY, FV 40.00p]. Previous media reports suggested the loan was expected to be finalised this week but the banks are apparently confident the funding will be in place ahead of next Thursday’s (19 April) bid deadline (sources: “two sources familiar with the situation” according to dealReporter/Bloomberg). Perhaps more significantly, the news suggests that although TCOM has been asked to explore selling some non-core assets to appease banks for future financing, given the scale of the Tata Group [not rated], underwriters were comfortable with the financing and were not concerned with TCOM’s debt levels – meaning the full amount of the loan could be used to finance a bid for CWW rather than allocating a portion to paying down existing debt. We note this speculation has yet to be substantiated by TCOM yet.

The $2bn figure implies an EV for CWW of £1.26bn or an equity value of £1.09bn on our March 2012 net debt forecast (i.e. about 41p per share). We recently upgraded CWW to BUY, selecting it as a Silver Bullet idea for 2Q 2012 as we believe it is increasingly likely Vodafone or TCOM or both will bid for CWW at a level significantly above the current share price. We believe initial bids may be higher than 40p, but we reflect the risk that both parties might walk away from a deal in this fair value by applying a 20% discount. A bidding war may emerge but we still believe Vodafone could justify a higher premium than Tata because of the combination of the available tax assets and synergies with its existing UK operation.

Cable & Wireless Worldwide – TATA bid expected by next Thursday."

Vodafone, C&WW, and a £5bn tax question

A behind-the-scenes battle to acquire Cable & Wireless Worldwide, owner of one of the UK's largest fibre-optic cable networks, is coming to a head.

By teatime on Thursday at the latest, and probably earlier, we should learn whether the board of C&WW, has chosen Vodafone or India's Tata Communications as its new owner.

What's your take on this skinny? VOD look the most likely as the tax write off will not apply to TATA. However TATA is probably looking for a cheap way into the european telecoms market, which might be why they are interested, though, in that case VOD might be even more interested to keep them out. Of course, both of them might say no and walk!

Harry - I'm still long - although could have probably churned them over the last couple of weeks.

Interesting to see the VOD news this morning. Also the above Peston penned article is quiet interesting Vis-à-vis the tax angle.

Tata Communications secures funding for C&W bid

(Reuters) - Tata Communications Ltd (TATA.NS) has secured bank financing ahead of an April 19 deadline to decide whether to make a bid for London-listed Cable & Wireless Worldwide (CWP.L), Thomson Reuters publication Basis Point reported on Wednesday.

Tata Communications Ltd.

Announcement in relation to Cable&Wireless Worldwide plc

In response to press speculation, Tata Communications Ltd. ("TCL") announced on 1 March 2012 that as part of its ongoing review of potential acquisition opportunities, TCL was evaluating a possible cash offer for Cable&Wireless Worldwide plc ("CWW"). TCL today confirms that it has been unable to reach agreement with CWW on an offer price and therefore confirms that it does not intend to make an offer for CWW.

Announcement in response to statement from Tata Communications Ltd.

The Board of Cable&Wireless Worldwide plc ("CWW") notes the announcement today by Tata Communications Ltd. ("TCL") stating that it does not intend to make an offer for CWW.

Further to the announcement on 29 March 2012, CWW confirms that discussions with Vodafone Group plc ("Vodafone") are ongoing. In accordance with Rule 2.6(a) of the Code, Vodafone must, by a deadline of not later than 5.00 p.m. on 19 April 2012, either announce a firm intention to make an offer for CWW in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for CWW, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

There can be no certainty that any offer will be made, nor as to the terms of any offer.

Harry does that mean TATA realise they don't have the firepower to outbid VOD.

No, I think it's as I said in post #182. CW's debt is not of any interest to them, whereas VOD can write the debt off against profits from their other UK operations. Life seems to be about tax avoidance atm to many Co's, but I suppose that's business!
Skinny, you might want to review your 'long' stance after that news.

Hmmmm - that may it explain the lack lustre performance of the share price over the last couple of days.

I've had a nagging doubt that it may have been too big a financial mouthful for TATA.

Reuters take :-

Tata bows out of Cable & Wireless bid race

Worth buying now? Of course there is a risk VOD may walk.

Harry - who knows - as I posted in 183, I could have played this a lot better. I'm still well in profit - albeit - a smaller one!

Pure luck that I sold two days ago in order to buy into the AFR rally. But if we think that CW. is worth 40p, then sub 30p has to be a bargain.
Today is the last day for VOD to put up or shut up I believe?

Ostensibly its worth much more - but in this case, its only what someone (VOD) is prepared to pay. If it comes to the long haul - then so be it.

press speculation dividend will be reduced by 50%

There is no dividend!

Actually there was in 2011. June & November ex-divi. (3.75p total)

From the report 15th November 2011.

Half Yearly Report.

� Interim dividend of 0.75 pence per share to be paid in January 2012 at a cost of �20 million. Future dividends suspended to improve balance sheet strength

skin read todays FT

Summary note from Bernsteins:
"Last night Tata signalled its intention to withdraw from the bidding process for Cable & Wireless Worldwide, leaving Vodafone as the sole potential bidder. The deadline for submitting an official offer is 5pm today. As we wrote on 28 March, we think that an acquisition of CWW could be accretive for Vodafone, reducing backhaul costs and offering a larger platform from which to grow their Enterprise business; it is however, by no means necessary. Tata had reportedly agreed financing of £1.3bn for the deal (implying a share price of 45-50 GBp). We argued that Vodafone could justify a higher bid, in part because we think they are not interested in the undersea cables for which there is clearly interest (not least from Tata). It could well be that Tata has pulled out in the hope it can secure those assets from a different owner (Vodafone?)."

That in essence is my thinking - it makes sense.

I'm staying out now until this is resolved. My feeling is that VOD will walk, but ............

Off to the gym - 45p or 18p when I return!

There was money to be made here today - if you had the balls!

5PM deadline rapidly approaching, place your bets!

Hmmmm

Vodafone will not walk away from CWW - sources

(Reuters) - Vodafone will not walk away from bidding for Britain's Cable & Wireless Worldwide (CWP.L) on Thursday, when a deadline for bids is due to expire, two sources familiar with the situation told Reuters, lifting CWW's shares.

CABLE&WIRELESS WORLDWIDE confirms extension of Takeover Code deadline FOR Vodafone

In accordance with Rule 2.6(a) of the Takeover Code, Vodafone Group plc ("Vodafone") was required to, by not later than 5.00 p.m. on 19 April 2012, either announce a firm intention to make an offer for Cable&Wireless Worldwide plc ("CWW" or the "Company") in accordance with Rule 2.7 of the Takeover Code or announce that it did not intend to make an offer.

Further to the announcement on 18 April 2012, CWW confirms that advanced discussions with Vodafone are on-going with a view to establishing whether or not they might result in a formal offer for the Company which the Board of Cable&Wireless Worldwide would be willing to recommend.

In accordance with Rule 2.6(c) of the Takeover Code, at the request of the Company, the Panel on Takeovers and Mergers has consented to an extension of the deadline until 12.00 noon on 23 April 2012. There can be no certainty that any offer will be made, nor as to the terms of any offer.

A copy of this announcement will be available at www.cw.com. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

- ends -

Surprise surprise - another extension!
http://http://www.investegate.co.uk/Article.aspx?id=201204191635007088B

Looks like they are interested then, so might be worth getting back in again.

Note from Merrill Lynch today:
"Tata Communications’ decision to walk away from CWW ahead of the expiry of the offer period changes the dynamics of the offer situation dramatically in Vodafone’s favour in our view. For a number of reasons we believe Vodafone (if it bids at all) is likely to bid lower than the market is implying.
Tata’s press release said it was “unable to reach an agreement with CWW on an offer price”. Given that it withdrew ahead of the expiry of the offer period therefore suggests to us that there was a considerable gap between expectations. However the early withdrawal has left Vodafone in a commanding position in our view. It appears to be the sole bidder, and CWW shareholders, in the absence of a Vodafone bid, are facing the unpalatable prospect of CWW reverting to fundamentals (ie deteriorating trends, capital constraints and anaemic cashflow generation).
If you were Vodafone, would you bid high, or bid low (or not bid)? Prior to Vodafone’s initial interest, CWW was trading at 19.75p. We believe given the poor fundamental trends, that if Vodafone walks away the stock will trade down towards c.22p (reflecting some residual option value on top of the ex ante price). Furthermore, if we assume a 70% chance of a bid, that would imply (given the current stock price of 34p) an offer price of 39p (ie 70%x39p+30%x22p=34p). As we discussed in our earlier note (CWW, 13 Feb 2012), Vodafone could benefit from a combination of revenue synergies (cross selling products), cost synergies (esp. backhaul) and tax assets which together could be worth £1bn. While this is appealing, one needs to remember that CEO Colao’s is likely to be unwilling to squander his hard-won reputation in the market over the last 3 years for caution in M&A (a distinct break in Vodafone’s heritage). However, the series of offer extensions suggests to us that VOD is likely to bid, but we think it will bid low."

Hmmmm

Vodafone 11th-hour bid for C&WW set to succeed

Yes, I saw that article. Bought back in on friday at 31.8p
Hoping for 40p+!

Fingers are well and truly crossed for this one. Will be one of my biggest profits to-date, all on a gamble.

We'll see.

RECOMMENDED CASH OFFER




· Under the terms of the Offer, CWW Shareholders will be entitled to receive 38 pence in cash for each CWW Share held, representing a premium of approximately:

- 92 per cent. to the Closing Price of 19.8 pence per CWW Share on 10 February 2012 (being the last Business Day prior to the commencement of the Offer Period); and

- 107 per cent. to the average Closing Price of 18.4 pence per CWW Share for the three months ended 10 February 2012.

· The Offer values the entire issued ordinary share capital of CWW at approximately £1,044 million. The Offer price of 38 pence per CWW Share is final and will not be increased. Vodafone reserves its right to increase the Offer if a third party announces a possible offer or offer for CWW.

That'll do me! Quick in & out. :o)

And, I'm out too.
Thank you and good night ;-)

You have to smile.

Espirito Santo Execution Noble reiterates its Buy TP 40p

HB Markets reiterates its Sell.

likely t/o target .... break through 35 with impetus would give reason to buy in any case

Not sure. Sunday Telegraph is highlighting the problems that confront VOD and this certainly isn't a 'done deal'. "Vodafone could be forced to share Cable & Wireless Worldwide (C&WW) with the beleaguered telecoms company’s biggest shareholder, Orbis, in the face of considerable shareholder unrest over its £1bn bid to buy the company outright."
Whole thing seems to be taking an age to sort out.

Final Results.

· Trading performance in line with our expectations. Trading cash flow of £99m (2010/11: £116m)
· First phase of performance improvement plan implemented including refinancing, new operating model and additional hosting capacity
· Market conditions expected to remain challenging during 2012/13
· On 23 April the Board recommended a 38p per share cash offer for the Company from Vodafone

Financial highlights

· Trading cash inflow1 £99 million (2010/11: £116 million)
· EBITDA2 £378 million (2010/11: £442 million)
· Gross margin £1,020 million (2010/11: £1,065 million), with hosting and applications now accounting for 20% of gross margin (2010/11: 18%)
· Exceptional items - goodwill impairment (£436 million), deferred tax asset write down (£146 million), the write off of obsolete assets (£42 million) and the gain on disposal of a group subsidiary (£18 million) totalling £606 million

Trading highlights

· Progress on cost reduction, new operating model in implementation, capital expenditure programme reprioritised to create headroom for investment
· Extra 35% of data centre capacity commissioned, with 4,000 sqft added in the second half of the year
· UK enterprise - contract wins during the year to restart hosting growth utilising this new capacity
· Trusted partner for central government with 15% gross margin growth across the public sector
· New £260 million revolving credit facility agreed with final maturity date of 30 June 20153
· Global network expanded with completion of Europe Indian Gateway (EIG) cable system

Summary and outlook

In the final quarter of 2011/12, we continued to make progress in the execution of the performance improvement plan announced in February. A strong focus on cash has led to improved utilisation of capital expenditure and positive working capital in the second half of the year. The capital expenditure programme has been reprioritised to create headroom for the investments in improved execution, simplification and cash generation outlined in February. Several cost reduction programmes have been commenced delivering benefits in the monthly cost run rate going into 2012/13.The refocusing of the business towards a new target operating model has commenced. The refinancing of our revolving credit facility was completed in February with a final maturity date of 30 June 2015.3

During the year we have continued to win new client mandates and have made the planned progress in building hosting capacity to enable a further increase in the growth of the hosting business in the future. However, trading conditions in 2011/12 continued to be very difficult with enterprise customers continuing to seek keen prices in traditional voice and data services.
Trading conditions in 2012/13 are expected to remain challenging. Whilst the medium term plan assumes market outperformance, we do not expect to outperform market growth assumptions in 2012/13. Initiatives have been identified to mitigate the majority of the increased inflationary cost pressures on our operating cost base. As part of our strategic plan further capital investment will be required over the next few years to reduce complexity, cost and enable growth in the medium-term. The timing of this investment will be managed to keep total capital expenditure in line with recent trends.

On 23 April 2012, the Board recommended a cash offer for the company from Vodafone of 38p per share. The Board had to weigh up the transformative nature of the long term plan and potential upside it could deliver against the risks associated with the plan and the timescale required. Given this the Board believes the Vodafone offer represents an excellent opportunity for shareholders to realise an attractive valuation in cash today.

Just had my voting info - now where should I put a cross!

on your left shoulder ..... you should just about get to golgotha in time

.

rubbish - in fact have just ordered a very smart large Stanley hammer with an ash handle (less vibration) ..... anyway, if i hear skinny has dropped that cross once more, he'll be out of the procession; he makes it untidy

..Cable & Wireless Worldwide future to be decided

By Graham Ruddick | Telegraph – 57 minutes ago


......
The future of Cable & Wireless Worldwide is set to be decided on Monday when shareholders vote on a £1bn takeover bid by Vodafone (LSE: VOD.L - news) .

More than 75pc of CWW investors need to vote in favour of the Vodafone deal at a special meeting in the City for it to be approved.

The telecoms giant has threatened to walk away from CWW unless it wins full support for its plans.

Vodafone has proposed to take control of CWW through a scheme of arrangement that would allow it to secure full ownership of the company and merge it with its own networks.

However, Canadian investment group Orbis (Xetra: 522877 - news) , which owns 19pc of CWW, has warned it could vote against the proposal.

Orbis, which is CWW’s biggest shareholder, is pressing for Vodafone to increase its offer beyond 38p per share. The investor has said it is happy to retain its stake in CWW even if Vodafone buys the remaining shares.

If Vodafone does not win the vote, the FTSE 100 (Euronext: VFTSE.NX - news) company could propose an alternative type of bid such as a tender offer.

However, in a statement after stock markets closed on Friday, the company said “it will not switch to a contractual takeover offer” and the takeover offer for CWW will “lapse” if shareholders reject the scheme of arrangement.

Shareholder representative groups have backed Vodafone’s proposals, boosting the company’s hopes of winning approval.

Institutional Shareholder Services (ISS) said earlier this month: “Based on reasonable sale process with two bidders, adequate valuation and the risk that investors face in going through a difficult turnaround, we recommend shareholders support the Vodafone offer.”

..

Orbis to make an announcement before 8am!!

RNS Number : 5544F

Cable & Wireless Worldwide PLC

18 June 2012

ORBIS BELIEVES Vodafone BID FOR CABLE & WIRELESS WORLDWIDE (CWW) WILL ULTIMATELY PROVE SUCCESSFUL

Based on the information announced by CWW today which was shared with us on Saturday and following discussions with CWW, we now believe that the CWW Scheme of Arrangement will eventually succeed, even if Orbis were to vote against it today. In these circumstances, our opposition would only serve to prolong the process because the Company would likely adjourn today's meetings to secure the necessary votes. This is not in the interests of any CWW stakeholder. Accordingly, Orbis intends to vote in favour of the Scheme at the meetings today.

END

Orbis Supports Vodafone GBP1.04 Billion Offer For C&WW

LONDO)--U.K. telecommunications operator Cable & Wireless Worldwide PLC (CW.LN) Monday secured approval for an agreed 1.04 billion pound ($1.63 billion) takeover by mobile giant Vodafone Group PLC (VOD.LN) after its largest shareholder, Orbis Investment Management Ltd., swung behind the deal.

Bermuda-based investor Orbis, which has a roughly 19% stake in C&WW, had been holding out until an investor meeting later today to disclose its intentions after earlier casting doubt on whether it would support the deal. Its support paves the way for the deal to close, allowing Vodafone to use the C&WW business to create a fixed-line business in the U.K.

Vodafone's 38 pence-a-share offer required the support of a 75% majority of C&WW's investors.

C&WW earlier Monday said it had received support for the deal from just under 59% of its remaining shareholders, based on proxy votes cast ahead of the meeting, but that it was waiting to hear what Orbis's intentions were.

and a nice profit made and banked - and no i did not buy in this morning when sp initially dived!

RNS Number : 5278I

Cable & Wireless Worldwide PLC

26 July 2012

Suspension of Cable & Wireless Worldwide plc ("CWW") Shares

Recommended Cash Offer for CWW

By Vodafone Europe B.V. ("Vodafone")

Following an application by CWW to the UK Listing Authority and the London Stock Exchange, CWW announces that the listing of CWW Shares on the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange's main market for listed securities, in each case has been suspended with effect from 7:30 a.m. (London time) today, 26 July 2012.

Pending the outcome of the Court Hearing today and the delivery of the Court Order to the Registrar of Companies, CWW has also applied for de-listing of CWW Shares from the Official List and cancellation of admission to trading on the London Stock Exchange with effect from 8:00 a.m. (London time) on 30 July 2012.

A further announcement shall be made following the Scheme becoming effective (which is expected to be tomorrow, 27 July 2012).

Defined terms used but not defined in this announcement have the meanings set out in the Scheme Document sent to CWW Shareholders on 21 May 2012.

Money received this morning - so over and out!

Time to get into CWC, IMO.
60p is a reasonable target.

Why CWC , I thought it was CW.
I assume they are separate companies so which do you mean to get into?

parrisf - they are separate companies.

CW. has been bought by VOD and are no longer listed (read a few of the previous dozen posts)!

There is a CWC thread here.

Thanks for that skinny. I'll take a look.