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.

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!