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.

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.
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