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.

..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.