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 and Wireless Worldwide shares made a late surge to close up 6 at 23.9p, topping the FTSE-250 leaderboard.

Traders put the rise down to the closure of "two very large sell programmes" from unnamed investors.

"There's no doubt that a one day rise of 33pc is exaggerated," one said. "The share price has been pretty depressed recently so I guess it spells a return to normal levels."

Cable & Wireless Worldwide PLC : 23 January 2012: Cable&Wireless Worldwide appoints new hosting managing director

C A B L E & W I R E L E S S W O R L D W I D E A P P O I N T S

N E W H O S T I N G M A N A G I N G D I R E C T O R
London, 23 January 2012: Cable&Wireless Worldwide has announced today the appointment of Michelle Senecal de Fonseca as its new global managing director for hosting services. Cable&Wireless Worldwide announced in November its intention to expand its hosting capacity in order to meet growing customer demand.

Data hosting and applications support is one of the company's key focus areas and Ms Senecal de Fonseca will drive growth in the scale and contribution from this business unit in the near term. Ms Senecal de Fonseca brings a wealth of data hosting, telecoms and finance experience to the company from her roles with US West, Sprint International as well as Global One, Worldport and the European Bank for Reconstruction and Development (EBRD).
Commenting on her appointment Ms Senecal de Fonseca said, "With an enviable list of highly engaged clients, extensive telecoms and hosting capabilities coupled with the full support of the board, evidenced by the recent investments in hosting capacity, this a great time to be joining the company. I am looking forward to building on our successes so far and helping the company to become recognised as a strong and credible leader in the hosting market."
Gavin Darby, Cable&Wireless Worldwide's chief executive, added, "Michelle is a great addition to our senior team. I believe that her energy, expertise and track record in hosting will prove to be invaluable."
Ms Senecal de Fonseca has dual British/American citizenship, speaks five languages and has been recognised by Global Telecoms Business magazine as one of the industry's most influential leaders

LOL - never has an appointment been greeted so generously by the stock market. She must be some lady :-)))
A poster over on the dark side speculated that CW had sold their international division. The post was later deleted. It may not be true, but I also doubt that closing of shorts would cause such an explosion. Not that I'm complaining, having only bought in last Thursday.

It should settle around the same price as cwc, 40p by mid February.

The news is here:

Expansion of Data Hosting Capacity with Infinity
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TIDMCW.

RNS Number : 0745W

Cable & Wireless Worldwide PLC

24 January 2012

CABLE&WIRELESS WORLDWIDE expands data hosting capacity WITH INFINITY

London, 24 January 2012: Cable & Wireless Worldwide plc ("Cable&Wireless Worldwide" or the "Company") today announced that it will expand its data hosting capacity by 25 per cent through a 15-year agreement with specialist data centre operator, Infinity. The multi million pound investment reinforces Cable&Wireless Worldwide's commitment to hosting services and illustrates the board's willingness to support core capabilities. This builds on investments already underway to expand the Company's existing Tier 3 data centres in Leeds and Swindon.

.....

RNS Number : 1846W
Cable & Wireless Worldwide PLC
25 January 2012


Cable & Wireless Worldwide plc

Additional Listing

Application has been made to the UK Listing Authority for the block listing of, and to the London Stock Exchange for the Admission of 20,000,000 ordinary shares of 5p each fully paid, ranking pari passu with the existing ordinary shares, to the Official List.

These shares will be issued in respect of the Cable & Wireless Worldwide plc Share Purchase Plan 2010.

TV providers over the world are moving towards using internet. Good for copanies like CW .

Ahoj - Yep I am back in and added this morning. Awaiting the so called strategic update!!

Sunday Times Today

Vodafone is considering a £700m takeover bid for Cable & Wireless Worldwide, the embattled telecoms company.

The mobile phone group has been spurred into action by the collapse in CWW’s market value since its demerger from Cable & Wireless in 2010, industry and City sources said.

Apax Partners, the private equity firm, is also running the rule over CWW, which sells telecoms and internet services to big businesses, mainly in Britain.

Neither of the potential bidders is close to tabling an offer. However, it is understood they are ready to pounce if Gavin Darby, CWW’s new chief executive, stabilises the struggling company.

The looming battle for control of CWW is the latest sign of life in a moribund takeover market. There has been a recent spate of announcements, including the proposed merger of Glencore and Xstrata and the £1.4 billion bid for Misys, the British software group, from Swiss-based Temenos.

Companies are looking to deploy the huge reserves built up during the recession. Vodafone was sitting on a £7 billion cash pile at the end of September and is tipped to generate as much as £11.8 billion in cashflow this year. At Friday’s closing price of 19.75p, CWW was worth £530m. Analysts said that a bid could value it at more than £700m.

A bidding war would offer some relief for CWW’s long-suffering shareholders. After a string of profit warnings, suspension of the dividend and the departure of two chief executives, CWW has lost four-fifths of its value since early 2010. sunday times

Fantastic news. I was thinking of getting out of these on Friday as the price was slip sliding away again. Happy Sunday - even happier Monday.

Reported as $1.1 Billion bid on Bloomberg. Should be interesting opening tomorrow!!

From 70p to almost 17 prior to Christmas this is a woeful business, still clinging to ideas of grandeur...
Can anyone remind me...are they still engaged in Buybacks....or is this issue of shares (and the one before it) something that Shareholders have great pleasure in reading about?
I have a few, but not further siluted, of course.

What would you do if you had 120k shares at 26p average?
Any suggestions?

RNS Number : 2649X

Vodafone Group Plc

13 February 2012

13 February 2012

RESPONSE TO PRESS SPECULATION

Vodafone notes the recent press speculation regarding Cable & Wireless Worldwide plc ("CWW").

Vodafone regularly reviews opportunities in the sector and confirms that it is in the very early stages of evaluating the merits of a potential offer for CWW. There is no certainty that an offer will be made nor as to the terms on which any offer might be made. Any offer, if made, will be in cash but Vodafone reserves the right to change the specie of consideration. A further announcement will be made in due course, if appropriate.

In accordance with Rule 2.6a of the Takeover Code, Vodafone is required to, by not later than 5pm on 13 March 2012, either announce a firm intention to make an offer in accordance with Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies unless the Panel on Takeovers and Mergers has consented to an extension of this deadline.

- ends -

Still in auction - trades going through @27p - which is nice!

what price would be a fair T/o price? SP opened up 25% up but doesn't appear to be doing much. would consider an entry <25p but not mad it there yet.

Statement re. Press Comment - Amendment
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RNS Number : 2834X

Vodafone Group Plc

13 February 2012

This replaces the announcement issued by Vodafone Group at 07:00 this morning under RNS Number 2649X. The date in paragraph 3 should read 12 March 2012 not 13 March 2012 as originally issued.

13 February 2012

RESPONSE TO PRESS SPECULATION (UPDATED)

Vodafone notes the recent press speculation regarding Cable & Wireless Worldwide plc ("CWW").

Vodafone regularly reviews opportunities in the sector and confirms that it is in the very early stages of evaluating the merits of a potential offer for CWW. There is no certainty that an offer will be made nor as to the terms on which any offer might be made. Any offer, if made, will be in cash but Vodafone reserves the right to change the specie of consideration. A further announcement will be made in due course, if appropriate.

In accordance with Rule 2.6a of the Takeover Code, Vodafone is required to, by not later than 5pm on 12 March 2012, either announce a firm intention to make an offer in accordance with Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies unless the Panel on Takeovers and Mergers has consented to an extension of this deadline.

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I hold from 75p down to 18p. I am close to break-even now!

in at 24.85p will wait and see what unfolds.

How very fortuitous!