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.

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.