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.

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