Difficult to put any explanation into this, other than one Director has spent his inheritance on shares in CWC. Something like 4million (�2m)-DYOR- in recent times, meaning since the fall from grace after the setting up of two C&W businesses. This was always the poor-player IMHO....yet someone out there thinks otheerwise...this isn't a deal for the cost of a set of wheels for his Lexus - this is serious dosh.
-Could there be some strategic plan he hopes to pull-off in the next (say) 2-years?
I've bought a few recently, after the fall.
EDIT (6Jan2014) - another Exec takes over the Co and invests £2m [DYOR] at current 57p - good . . . . so I hope he knows what HE'S doing as the last one only scraped a small profit.
I'm guessing, but don't know that Telecoms is suffering excessive capacity as Co's went fibre/wireless and the explosion in usage didn't really take off as folks realised how expensive it was.
I read that same Dir was awarded "performance shares" roughly the same number, so his purchase-price is his bargain, for regular punters to take on the chin. Oh deary.
EDIT (25March2014)- I see sp has fallen to 50p - some Dir Sells haven't helped.

Oh deary, that was a BIG mistook! 49p was too high.
Mine fell as well. The City thinks this will b go lower and that looks right so far.

(Seems the Director needed to hide away some cash...make it disapear....so he bought shares in this miserable outfit.
Bingo! They have disappeared - well thank goodness that's all right.).

Well, sooner or later it may rise....but who knows? The last year has not been kind.
Currently abt 33p

dividend is so sweet for this share, about 14%.

Can't watch it rise , no chart in the header.

This is the next baby to be valued more reasonably, IMO. Like CW. it worth twice the price now.

They were 75p a year ago now.

Director/PDMR Shareholding
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TIDMCWC

RNS Number : 1325Z

Cable & Wireless Communications PLC

12 March 2012

Cable & Wireless COMMUNICATIONS plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) OR CONNECTED PERSONS

Cable & Wireless Communications Plc ("the Company") advises that on 09 March 2012 the following purchase of ordinary shares in the Company was undertaken by a Director:


Tony Rice (Director) 2,500,000 shares at 32.85 pence
per share
...

Final Results.

Key Highlights
§ Revenue up 18% to US$2.9 billion

§ EBITDA up 5% to US$901 million with outlook met or exceeded in four business units

§ Underlying equity free cash flow generation of US$127 million, US5.1 cents per share

§ Net debt down from H1 to $1,395 million

§ Mobile data revenue growth of 82% across portfolio

§ Acquisition of Bahamas cash and earnings accretive in first year; performance ahead of expectations

§ Portfolio management - sale of interests in Fiji and Vanuatu

§ Recommended final dividend per share of US5.33 cents, full year dividend per share of US8 cents

www.spreadbetmagazine.com/blog

When is the record date for dividend?
Was it today?

Ex dividend today - record date 1st (Friday).

So you can sell today and still receive the dividend.

Thanks skinny. I was considering to add more.

I've just added some more. High speed internet worth so much, more than food these days.
Normal cooper connection has to change to fibre optic ..... CWC to gain its real value, well over 50p very soon.

A bit more positive in this one.
I am hoping t get to my first purchase, 76p!!! Happy to wait another year.

CWC market cap is less than £1bln, while bid for one of its branches is going to be £660mln.

See:

Reuters article :-
http://uk.reuters.com/article/2012/09/17/uk-batelco-cableandwirelesscommunication-idUKBRE88G0OH20120917

Exclusive: Batelco eyes CWC assets in $1 billion telco deal - sources

Nov 8 (Reuters) - Cable & Wireless Communications PLC : * & wireless comms plc H1 revenue $1,431 million, up 1 percent * & wireless comms plc H1 EBITDA $445 million, up 2 percent * & wireless comms plc maintain guidance given at the full year, and


Main points are:

CABLE & WIRELESS COMMUNICATIONS PLC HALF YEARLY REPORT

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2012

Trading in line, full year outlook maintained

Key Highlights

-- Mobile revenue up 9%, including mobile data revenue growth of 36%

-- Strong mobile subscriber growth in Jamaica reflecting new competitive environment

-- Mobile leadership in Panama extended

-- Good performance in Macau and operational progress in The Bahamas

-- Caribbean restructuring programme underway; operating costs down 7%

-- Discussions on portfolio reshaping

-- Interim dividend of US1.33 cents per share

I expected a drop of 1.7p but it didn't happen.

Why?

">

Agreement on Monaco & Islands Disposal

Cable & Wireless Communications Plc ("CWC" or "the Company") today announces that it has agreed with Batelco Group ("Batelco") the sale of the majority of the businesses within its Monaco & Islands division for an enterprise value of US$680 million (the "Disposal").

CWC will divest its entire shareholdings in its businesses in the Maldives, Channel Islands and Isle of Man, the Seychelles, South Atlantic and Diego Garcia as well as a 25% shareholding in Compagnie Monegasque de Communication SAM ("CMC"), the company which holds CWC's 55% interest in Monaco Telecom.

The Disposal accelerates the delivery of CWC's strategy to reshape its business, reduce its geographic spread, and focus on the Central American and Caribbean region, as well as increasing the Company's financial flexibility.

Recent high today @40p.

Cable & Wireless on verge of £430m Macau sale

The Sunday Telegraph understands the sale of the FTSE 250 telecom firm’s Macau investment to China’s CITIC Telecom is very close to completion.

The complex deal involves CITIC, part of the Chinese state-owned investment company CITIC Group, buying Cable & Wireless Communications’ 51pc stake in CTM, Macau’s fixed line provider, as well as a 28pc stake owned by Portugal Telecom.

The deal is understood to value CTM in the region of $1.4bn, with CITIC paying approximately $1.1bn to buy the 79pc it does not already control. As a result, Cable and Wireless is expected to receive in the region of $700m.

The deal may be confirmed as soon as tomorrow , but sources indicated it remains possible the transaction is delayed. The deal will come days after investors in Cable and Wireless Communications (CWC) voted to dispose of its Monaco and Islands business.

The $680m disposal to Bahrain Telecommunications was signed in December, but had to be ratified by a majority of investors.

Looks like an RNS in the morning!

Agreement on Macau Disposal

Typical, immediately after I sold 50K on Friday morning.

ahoj - if you look at the chart, I think some of this 'news value' was factored in on Friday morning (and possibly Wednesday & Thursday)!

And here is the RNS Agreement on Macau Disposal

Cable & Wireless Communications Plc ("CWC" or "the Company") today announces that it has agreed with CITIC Telecom International Holdings Limited ("CITIC Telecom") the sale of CWC's 51% stake in Companhia de Telecomunicações de Macau S.A.R.L. ("CTM") for a total consideration of US$749.7 million (the "Disposal").

CWC's controlling 51% stake, held through its wholly-owned subsidiary Sable Holding Limited, will be acquired by CITIC Telecom, which holds an existing 20% shareholding in CTM. Concurrently with the Disposal, CITIC Telecom has today announced it has agreed with Portugal Telecom ("PT") to acquire its 28% stake in CTM (the "PT Disposal"). Both CWC's Disposal and the PT Disposal are conditional on the completion of each other. At completion of both transactions, CITIC Telecom will own 99% of CTM.

Will shareholders see any of this sale cash?
SP seems to be rising, is that the reason, perhaps?

Re later Posts...
ahoj - how is it that one Broker is repeatedly suggesting 40p (ie pretty much level?). I have bouht a few but not because I think the Management is able to drive this company.
Rather like having taken yr parent to the Airport, you've crashed yr dad's car in a ditch, but are keeping it polished for his return.

It worth more than 100p a share, IMO

Date Broker name View Closing price Old price target New price target Broker change
30-Jan-13 Nomura Reduce 40.35p 40.00p 42.00p Reiteration
25-Jan-13 HSBC Neutral 40.00p 56.00p 41.00p DownGrade
17-Jan-13 AlphaValue Buy 38.00p 46.40p 46.50p Upgrade
15-Jan-13 Berenberg Bank Hold 37.18p 38.00p 49.00p Reiteration




Personally on projections looks over value in the short term.
tempting to short, but won't!

Interim Management Statement

Highlights

· Group trading performance remains in line with outlook

· Strategy to refocus group progressing well with announced disposals of M&I and Macau

· Data usage growing across portfolio

· Panama mobile service revenue up 5%

· Jamaica mobile subscribers continue to grow

· Operational efficiency programme accelerating in the Caribbean

Group Trading Performance


We continue to anticipate that Group EBITDA performance for 2012/13 will be similar to 2011/12, in line with Group outlook given at the start of the year.

Mobile data revenue grew strongly across the Group during the third quarter driven by increasing smartphone adoption and usage.

We have maintained mobile market leadership in Panama, growing mobile service revenue by 5% with an increasing number of customers moving to data plans, driving an improved second half performance.

In Jamaica we continue to see an excellent response to the launch of competitive mobile packages and have increased our mobile subscriber base by over 40% compared to the same point last year. The Bahamas is delivering solid progress in its financial performance together with much improved service and product offerings to its customers.

As part of shaping the business for its future focus on the Pan American region we have accelerated some investments designed to reduce costs and improve services for customers. This includes commencement of a major deployment of fibre in Barbados and Cayman to upgrade the fixed line infrastructure enabling provision of high speed internet and TV services. We have also revitalised our retail operations in Barbados and taken steps to transform engineering operations in other Caribbean islands. Our decision to accelerate customer focussed efficiency investments in the Caribbean (excluding Bahamas) will increase our exceptional restructuring costs by around $20 million to a total of $55 million. These and other initiatives will improve the efficiency and flexibility of the business and drive cost savings in future years which is critical as market conditions in the rest of the Caribbean remain difficult, particularly in the Eastern Caribbean and Barbados.

Interesting that this Co is now focussed on a region that I'd don't recall is exactly humming with cutting-edge tech . . . although maybe they still export sugar? However, I wonder if most of their customers that demand fibre aren't companies that are involved in financeials - where places like the Camen Is. offer tax avoidance, by any other name.
If the major countries got together to stamp out this financial Merry-go-round (verging on fraud) then companies would have to focus on their actual business and customers, rather than shifting paper profits about, which in the long-term generates nothing.
Could CWC be relying on what is at best a "fragile ruse" (although I'll agree it would take a miracle to get even seven countries to agree to a common set of laws, just to tame the internet.)
. . . I hold a few and certainly would welcome nearer £1 . . . Is the div. still being paid and "when"?

RSI & momentum on the up.

I hold my shares since two years ago, 76p!
added some around 39p.

It is starting to show some light. 60p is feasible, IMO

Hi, New user and CWC holder.
The divi seems unsustainable? Why so good ?

Director purchase of 23,764 shares at 42.08

paulylondon - you are aware that the dividend has been cut - guidance is US4 cents a share for 2012/13 as opposed to 8 cents previously.

That means this site is out of date as it shows 16+% divi.

Completion of the Monaco & Islands Disposa

Cable & Wireless Communications Plc ("CWC" or the "Company") today confirms the completion of the disposal of the majority of its Monaco & Islands division, announced on 3 December 2012 (the "Disposal").

CWC has received the required consents and approvals for the sale of its businesses in The Maldives, the Channel Islands and the Isle of Man, the South Atlantic and Diego Garcia to Batelco Group ("Batelco"). Consequently the conditions for the Disposal as outlined in the Circular to Shareholders dated 19 December 2012 (the "Circular") have been satisfied and the Disposal has completed in respect of those businesses.

Batelco has also acquired a 25% shareholding in Compagnie Monegasque de Communication SAM ("CMC"), which holds a 55% interest in Monaco Telecom.

CWC has today received total cash proceeds of US$601 million representing consideration of $570 million (on a cash and debt free basis) plus $31 million of the proportionate share of net cash in the disposed businesses attributable to CWC.

Regulatory approval for the transfer of CWC's business in the Seychelles has not been obtained at the current time.

Looks good for the next wave up.

Deutsche Bank Buy 42.20 41.74 53.00 53.00 Reiterates

CWC Jefferies International Hold 41.50 41.58 40.00 42.00 Retains

Espirito Santo Execution Noble Buy 42.44 50.00 50.00 Reiterates

Getting ready to jump over the fence, to 45p

Strategic alliance with Columbus Networks

Cable & Wireless Communications Plc ("CWC") today announces it has entered into a strategic alliance with Columbus Networks Ltd ("Columbus") to develop its international wholesale capacity business.

Under the alliance, CWC and Columbus will form a joint venture in the pan-America region which will provide international wholesale capacity to both companies, as well as to third party carriers.

CWC and Columbus operate substantial and largely complementary sub-sea cable networks in the Caribbean and Central American region - the joint venture will have a network platform of approximately 42,000 kilometres with connectivity to 42 countries.

The alliance positions CWC strongly to meet the data capacity demands of its retail operations in the future, as well as optimising its capital expenditure commitment to its undersea cable networks. Demand for data capacity is growing rapidly in this region, driven by the increasing availability of, and consumer demand for, mobile data and fixed broadband services.

The joint venture, which launched today, will initially operate on an agency basis by providing joint sales and marketing services for each of CWC's and Columbus' international wholesale capacity services. Columbus has a 72.5% majority share in, and management control of, the joint venture and CWC has a 27.5% share with appropriate minority protections.

This Co went ex-divi at the end of may last year. Anyone know if we can expect a divi this month?

Dividend Information

Thanks skinny, but that doesn't actually answer the question, though it does highlight the upcoming full year results on the 22nd May 2013, which presumably will give us some idea of the divi & the ex-divi date.

New high 12+ - albeit on low volume, next goal 45p.

Morgan Stanley Equal weight 0.00 44.00 47.00 Reiterates

Very slow share. Getting bored!

Final Results tomorrow.

Your expectation?

Its hard to say - there has been a slow trickle of news, accompanied by a slowly sideways/rising price movement, so a continuation?

Final Results

Good performance in transformational year

Key Highlights

§ Total Group EBITDA of US$905 million - ahead of prior year and outlook

§ Continuing Group EBITDA of US$589 million - Panama up 8% in H2 versus H1

§ Underlying equity free cash flow up 11%, restated net debt down in H2 to US$1,508 million

§ Group strategy progressed significantly through agreed disposals

§ Paved way for unified business structure

§ Target US$100 million cost reduction and improved Caribbean EBITDA margin

§ Recommended final dividend per share of US2.67 cents, full year dividend per share of US4 cents

Espirito Santo Execution Noble Buy 45.93 50.00 50.00 Reiterates

Liberum Capital Hold 45.18 40.00 - Retains

Deutsche Bank Buy 43.40 53.00 57.00 Reiterates

28 May Cable & Wireless... CWC Deutsche Bank Buy 45.53 44.00 57.00 57.00 Reiterates

Gone long. Recovery looks on cards.

Could be the next TCG.

Breakout.....

Ex Div tmrw (I think)

Rampage -

From the link in post 54 above.

"Subject to shareholder approval, the final dividend will be paid on 9 August 2013 to ordinary shareholders on the register at the close of business on 31 May 2013."

So ex dividend tomorrow.

Thanks skinny.

.

Deutsche Bank Buy 43.19 57.00 57.00 Reiterates

Jefferies International Hold 43.19 42.00 47.00 Retains

What does this mean?

Why the manager bought & why 2 shares only?


Director Tim Pennington, Matching Shares vested 2

Accordingly, the Director's holding in the Company has increased by the specified number of shares.

Completion of Macau Disposal

Cable & Wireless Communications Plc ("CWC" or the "Company") today confirms the completion of the disposal of its 51% stake in Companhia de Telecomunicações de Macau S.A.R.L. ("CTM") to CITIC Telecom International Holdings Limited, announced on 13 January 2013 (the "Disposal").

At completion of the Disposal, CWC received total cash proceeds of US$806.8 million comprising consideration of US$749.7 million (on a cash and debt free basis) plus US$57.1 million representing the estimated proportionate share of net cash in CTM attributable to CWC and initial working capital adjustments.

The consideration for the Disposal remains subject to normal post-completion cash, debt and final working capital adjustments.

Skinny,
Market cap of CWC is not much higher than the cash, isn't it.

Goldman Sachs Neutral 40.73 46.00 45.00 Reiterates

Sterling dividends payable in cash will be converted at the prevailing UK sterling to US dollar exchange rate at 2pm BST on 18 July 2013 (£1 = US$ 1.5192). Accordingly, the amount of sterling dividend payable in cash on 9 August 2013 will be 1.7575 pence per share.

Trading Statement tomorrow (25th).

Interim Management Statement

Highlights
· Group trading performance in line with outlook indicated at 2012/13 results
· Continued data usage growth across portfolio
· Increase in Jamaica mobile subscribers following further regulatory change
· Strategy to refocus group progressing well with completion of Macau disposal
· Major cost reduction plans progressing as anticipated

Citigroup Neutral 0.00 40.09 38.00 43.00 Resumes

Looks like the forecast divi yield is still around the 6% level, which is probably worth having. Shame the sp isn't going anywhere.

About the only reason I still hold - they seem a bit rudderless atm.

>>> Watch this rise! (CWC)

not for the last 2 months, I will keep away for a bit longer

pay day today it seems for some >> dividend payable in cash on 9 August 2013 will be 1.7575 pence per share.

This has been steady for too long now.

I think should start to move gradually.

Buy recommendation yday from Alphavalue with 54.8p target.

DISPOSAL OF ALGERIAN SATELLITE BUSINESS

Cable & Wireless Communications Plc ("CWC" or the "Group") today announces that its subsidiary Monaco Telecom SAM ("Monaco Telecom") has agreed to sell its Algerian satellite communication business Divona SpA ("Divona") to Smart Link Com SpA, of Algeria, for a total consideration of US$1.4 million on a cash free and debt free basis.

Proceeds from the sale will be used for general working capital purposes. The transaction will not have a material impact on the Group. The consideration will be satisfied in cash and assumed debt and is subject to certain adjustments for working capital and transition costs.

The transaction is subject to customary regulatory approvals by the relevant authorities in Algeria.

Goldman Sachs Neutral 40.99 40.99 45.00 50.00 Reiterates

Interesting to see that MAM data shows CWC divi yield as 9.8%. When I was doing my research the yield was 6.2%, but that was under threat. Glad I stayed out as the sp has gone nowhere, though at least it hasn't drifted by much.

APPOINTMENT OF PHIL BENTLEY AS NEW CEO

Cable & Wireless Communications Plc ("CWC") is pleased to announce the appointment of Phil Bentley as Chief Executive Officer, succeeding Tony Rice, with effect from 1 January 2014.

Phil was previously Managing Director at British Gas, the UK's leading energy and services provider between 2007 and 2013. Prior to this he was Managing Director, Europe and Group Finance Director at Centrica plc and served on its Board since 2000.

Tony has decided to step down as CEO, ahead of the establishment of CWC's new executive office in Miami, Florida, and will leave the Board at the end of 2013.

Phil will take forward the Company's strategy of establishing CWC as the leading provider of mobile, fixed line and broadband communications services in Latin America and the Caribbean region. CWC is investing in its operations in the region, particularly in mobile data, high-speed broadband and customer experience systems, as well as considering strategic acquisition opportunities. It has also committed to reducing operating costs by US$100 million over the next two years.

Phil led the turnaround of British Gas, increasing profits from £300 million to £1.1 billion, and sales by over 30% to £14 billion. The turnaround saw British Gas lead the industry in service excellence, employee engagement and innovation. Prior to Centrica he held senior executive roles at Diageo and BP.

Deutsche Bank Buy 41.93 41.93 57.00 57.00 Reiterates

Strong today on volume - IMS 7th November.

Agreement to secure mobile spectrum in Panama

30 month high @46.73p

Espirito Santo Execution Noble Buy 46.57 46.50 60.00 60.00 Reiterates

Thanks for the input Skinny, it must seem like you are talking to yourself at times !!

rampage - often!

New high this morning, but on much less volume than the past couple of days.

Don't feel isolated you guys! I read this thread and considered investing, but the chart says it all, and I'm glad I stayed out!

The fall was following split. or that peak is in fact 75p.

Always aim high.

Half Yearly Report

Mobile revenue growth across all regions


Key Highlights

. Group mobile revenue up 3%; growth in all regions

· Mobile data revenue up 29%

. Panama revenue and EBITDA up 3%

· Panama licence extension and additional spectrum

. Jamaica mobile customers up 23%

. Progress on cost reduction programme; Caribbean operating costs down 6%

. Completion of Macau and Islands disposals realising net proceeds of US$1.4 billion

. Interim dividend of US1.33 cents per share

On the cusp of a golden cross.

CWC

CABLE@WIRELESS

Broker Targets........

Cable & Wireless Communications Broker Views

Date Broker Recommendation Price Old target price New target price Notes

31 Oct Espirito Santo Execution Noble Buy 48.34 60.00 60.00 Reiterates
21 Oct Deutsche Bank Buy 48.34 57.00 57.00 Reiterates
16 Oct Goldman Sachs Neutral 48.34 45.00 50.00 Reiterates
30 Sep Citigroup Neutral 48.34 43.00 43.00 Reiterates

Expecting upgrades in next 48 hours.

Harrycut,
I think CWC has long way to go. It shows a strong start...Don't miss it.

No spare cash at the moment, so will stay out. I also think that I can do better with my money elsewhere, though I concede that CWC seems to be getting it's network in order now. Part of the reason I originally looked at investing here was the divi yield, which was into double figures, but now 5.9% (still respectable if maintained).
Ex-divi 13th Nov.

Do they pay Divi in Cents (1.33)?

It's quoted in ¢ but paid to UK recipients in pence at a pre ex-divi published rate.

EDIT: From CWC website:
"From 2010/11 onwards, dividends payable by CWC will be declared in US dollars, in line with the post-demerger reporting currency of the CWC Group. The default currency for payment of such dividends will be sterling, however shareholders may elect to receive their dividends in US dollars by completing the currency mandate form."

30+ month high earlier @48.69p

Today's note from HL.

Now is a golden cross.

Bought 10000 at 48.25
Like the chart so lets hope for some action!

Espirito Santo Execution Noble Buy 47.40 60.00 62.00 Reiterates

Nomura Reduce 47.40 42.00 42.00 Reiterates

JP Morgan Cazenove Neutral 47.40 43.00 43.00 Reiterates

Deutsche Bank Buy 47.40 57.00 57.00 Reiterates

Ex Div tomorrow

12 month+ high@49.15p

Breakout....?

Certainly looking strong on volume - I won't mention the gap in the chart.

Barclays Capital Equal weight 49.47 49.00 40.00 43.00 Retains

Unwind of Monaco Telecom disposal agreement with Batelco

Cable & Wireless Communications Plc ("CWC") today announces that it has agreed with Batelco to unwind the previous transfer of a 25% shareholding in Compagnie Monegasque de Communication SAM ("CMC") from CWC to Batelco. CWC has re-paid to Batelco the US$100 million paid by Batelco to CWC upon completion of the Islands disposal and Batelco has re-transferred to CWC the 25% shareholding in CMC. All option arrangements between CWC and Batelco in relation to CMC have terminated.

New CEO Commences Role at CWC

Cable & Wireless Communications Plc ("CWC") announces that Phil Bentley began his role with the company as Chief Executive Officer on 1 January 2014, replacing Tony Rice.

Since his appointment, Mr Bentley has purchased 4,300,000 shares with total value equivalent to approximately three times his base salary. Additionally, he has been awarded 4,288,011 Performance Shares.

From yesterday :- Espirito Santo Execution Noble Buy 57.43 62.00 68.00 Reiterates

CWC and Govt of The Bahamas create BTC foundation

CWC and Government of The Bahamas reach agreement to create BTC Foundation for Bahamians


Cable & Wireless Communications (CWC) today announces it has reached an agreement with the Government of The Bahamas to establish a charitable foundation dedicated to investing in projects for the benefit of Bahamians.

The BTC Foundation will be funded through the contribution by CWC of a 2% economic interest in BTC. The 2% shareholding will not be entitled to any voting rights and therefore CWC will retain majority voting rights in BTC as well as remaining the largest overall shareholder. CWC will also maintain management and Board control of the business, and as a consequence continue to consolidate BTC's financial results.

Notice of Q3 Interim Management Statement

On Tuesday 11 February 2014 at 12:00 (GMT) Cable & Wireless Communications Plc will release its interim management statement (IMS) for the three months ended 31 December 2013.

Espirito Santo Execution Noble Buy 52.98 52.25 - 68.00 Reiterates

Interim Management Statement

Highlights
· Mobile revenue up 4% across the Group driven by strong data growth
· Continued momentum in Jamaica, mobile subscribers up 23% on prior year
· Driving further cost efficiency in Caribbean, operating costs 11% lower in Q3
· Group trading performance in line with outlook

12 Feb 2014 Cable & Wireless... CWC Deutsche Bank Buy 0.00 53.75 57.00 57.00 Reiterates

SP TARGET 57p

my target 75p by Sept.

Disposal of Monaco Telecom

Disposal of Monaco Telecom for consideration of
€322 million (US$445 million)

Cable & Wireless Communications Plc ("CWC" or the "Company") today announces that it has agreed the sale of Compagnie Monégasque de Communication S.A.M. ("CMC"), the holding company for CWC's 55% stake in Monaco Telecom S.A.M. ("Monaco Telecom"), to a private investment vehicle controlled by Xavier Niel, the French entrepreneur and industrialist, for a total consideration of €321,788,000 (US$445 million) (the "Disposal").

Monaco Telecom is the incumbent operator in Monaco where it is the market leader and only full service telecommunications provider. In addition, Monaco Telecom owns 36.75% of Telecom Dfevelopment Company Afghanistan Limited (Roshan), a leading mobile telecommunications operator in Afghanistan. Monaco Telecom also operates a Service-to-Operator division, which amongst other activities supplies the international country code and international carrier services to Kosovo, and has a service contract with OnAir, a company that provides passenger telephony solutions on board aircraft.

The CMC Group reported revenue of US$218 million, EBITDA of US$74 million and profit before tax of US$52 million in the 12 months to 31 March 2013. At 30 September 2013, the CMC Group had US$537 million of gross assets, and approximately 35,000 mobile, 34,000 fixed line and 17,000 broadband customers.

The US$445 million consideration for the Disposal reflects Monaco Telecom's strong financial performance and market position and represents a multiple of 8.4 times the CMC Group's proportionate EBITDA based on results for the 12 months to 31 March 2013. The consideration is subject to customary adjustments relating to the amount of cash, debt and working capital at completion and will be paid in cash upon completion. CWC acquired 55% of Monaco Telecom in June 2004 for a price of €162 million.

CWC has received all required legal and regulatory consents to the Disposal from the Principality of Monaco and consequently completion of the Disposal is conditional only upon approval from CWC shareholders and there being no material adverse change in the Monaco Telecom Group prior to completion.

The Disposal is a further step in CWC's strategy to focus on the Caribbean and Latin America region, and after completion of the Disposal, CWC will generate all of its revenue from the Caribbean and Latin America region, with the exception of the Seychelles.

The cash proceeds arising from the Disposal will reduce the Company's net borrowings thereby increasing its strategic and financial flexibility. Including the proceeds from the Disposal, pro-forma net debt as at 30 September 2013 would have been US$82 million.

The Disposal puts CWC in a strong position to pursue growth opportunities, both organic and inorganic, in the targeted Caribbean and Latin America region. Any investments will be in line with CWC's strict investment criteria and will be considered alongside regular reviews of balance sheet efficiency.

Phil Bentley, CEO of Cable & Wireless Communications, commented:

"We are pleased to have agreed the sale of our interest in Monaco Telecom with the support of the Principality of Monaco. Over 10 years under our management and in partnership with the Principality we have enhanced the services available to the residents and businesses of Monaco and achieved good returns.

"However, as we concentrate our business on the Caribbean and Latin America, we have taken this opportunity to crystallise the value we have created.

"Our Miami hub is now operational and with our balance sheet strength we intend to deploy the funds received in pursuing growth opportunities in our core region."

A circular will be sent in due course to CWC shareholders containing further details of the Disposal, together with a notice convening a General Meeting of the Company to consider and, if thought fit, approve the Disposal. Completion is expected to occur in mid-May.
---

Goldman Sachs Buy 51.50 51.50 50.00 68.00 Upgrades

Final Results

Financial Highlights
§ Mobile data revenue up 23%, Group revenue down 1% on like-for-like basis

§ Group operating costs fell by 5% (US$43 million) with exit run rate cost savings of US$77 million per annum

§ Group EBITDA up 5%; margin increased by 2 ppts to 32%

§ Net debt down by c.US$1.4 billion to US$205 million pro-forma, following the disposal of Monaco Telecom post year-end

§ Recommended final dividend per share of US2.67 cents; full year dividend per share of US4 cents (2012/13 US4 cents)

Espirito Santo Execution Noble Buy 55.43 54.95 68.00 68.00 Reiterates

Goldman Sachs Buy 55.33 54.80 68.00 68.00 Reiterates

Jefferies International Hold 55.33 54.80 48.00 61.00 Retains

Nomura Reduce 55.33 54.80 40.00 40.00 Reiterates

Their asset is well above market value, with positive prospect for the company.

Espirito Santo Execution Noble Buy 51.98 52.35 68.00 68.00 Reiterates

Hmmm -

LONDON--Cable & Wireless Communications PLC (CWC.LN) donated $100,916 to political parties in the year to March 31, up from $91,126 in the previous 12 months, the Caribbean-focused telecommunications company said in its annual report Friday.

CWC, which operates in Panama, Jamaica and other countries in the region, didn't give details of the donations except to say that they were "made to non-EU political parties by non-EU subsidiary companies during the year."

The company wasn't immediately available for comment.

CWC's activities frequently bring it into contact with politicians, particularly in Panama and Trinidad, where it operates as part of joint ventures with governments.

Donating to political parties is rare among companies quoted on the London Stock Exchange. Listed companies that have made political donations include public relations and marketing company Chime Communications PLC (CHW.LN), which said in its latest annual report that it donated 5,500 pounds ($9,250) to "various organizations connected with the [U.K.] Conservative Party."

CWC's sector peer BT Group PLC (BT) said in its latest annual report that it paid GBP3,000 to cover the cost of a meeting with Scottish National Party politicians but stated its "policy is that no company in the group will make contributions in cash or kind to any political party."

Political donations can be a source of opposition among shareholders. In 2012, 30% of shareholders voted against online gambling group Betfair Group PLC's (BET.LN) request for permission to make political donations.

Director/PDMR Shareholding

Interim Management Statement

This interim management statement provides an update on the First Quarter performance and financial position of the Group since the year ended 31 March 2014. Interim results for the period ending 30 September 2014 are expected to be announced on 6 November 2014.

Highlights
· Group organic revenue flat at constant currency, reversing historical declines
· Good performance in mobile with revenue up 4%, driven by mobile data growth of 9%
· Mobile subscribers up 20% on like-for-like basis, with continued momentum in Jamaica (up 37%)
· Cost reduction programme on track to deliver $100 million run-rate savings by end of year
· Initial phase of "Project Marlin" - our investment-led strategy - underway
· Customer service improving with NPS gains

Acquisition of Grupo Sonitel

Panama's leading Telecommunications Company adds IT services to its Data and Telecoms offering for Businesses and Governments and enters the El Salvador, Peru, and Nicaragua B2B markets

Cable & Wireless Communications, Plc (CWC), through its subsidiary Cable & Wireless Panamá, S. A. (CWP), today announces that it has agreed to acquire Panama-based Grupo Sonitel for US$36 million plus contingent consideration of up to an additional US$5 million. Grupo Sonitel operates SSA Sistemas, a provider of end-to-end managed IT solutions and telecoms services to business and government customers in Panama, as well as in El Salvador, Nicaragua and Peru; and Sonset, a provider of IT solutions and services to Small and Medium Enterprise (SME) customers in Panama. Logistica, an IT hardware reseller and a small number of other non-core Grupo Sonitel companies, are not included as part of the transaction.

Half Yearly Report

Early signs of modest revenue growth, as investment-led strategy mobilises

Financial Highlights
§ Group revenue up 1% (2% at constant currency); mobile revenue up 3% with mobile data up 10%

§ Group operating costs 2% lower; on-track to achieve US$100 million cost reduction plan

§ Group EBITDA up 5%; EBITDA margin increased by 1 ppt to 33%

§ Project Marlin underway with capital expenditure of US$190 million in the period (up 81%)

§ Significant growth in earnings per share to US1.9 cents as interest expense and exceptional charges fell by US$94 million

§ Interim dividend per share of US1.33 cents

Proposed Acquisition of Columbus International Inc

· The Board of Cable & Wireless Communications Plc ("CWC") today announces that it has agreed terms to purchase 100 per cent. of the equity of Columbus International Inc, a leading privately-owned fibre-based telecommunications and technology services provider operating in the Caribbean, Central America and the Andean region, for USD1.85bn
· The move will significantly enhance CWC's growth profile and accelerate the progress towards each of its strategic goals unveiled in May
· CWC also announces the placing of new shares constituting approximately 9.99 per cent. of CWC's outstanding share capital which will be used to finance in part the proposed acquisition
· The Enlarged Group is expected to generate significant operating cost and capital expenditure synergies, with additional revenue benefits also available
· The transaction will be earnings neutral in the first full year post-completion and materially earnings enhancing in subsequent years
· CWC's current dividend policy of 4c per share to be maintained post-completion

Placing Announcement

CWC today announces the placing of up to 252,812,284 new ordinary shares of 5 cents each in the Company (the "Placing Shares") representing up to approximately 9.99 per cent. of the Company's existing issued ordinary share capital (excluding treasury shares) (the "Placing"). The Placing is being conducted through an accelerated book-building process which will be launched immediately following this announcement (the "Bookbuild").

more .......

Jefferies International Buy 49.40 50.10 61.00 61.00 Reiterates

7 month high @53.25p.

Q3 Trading Update

This announcement provides an update on the Third Quarter performance and financial position of the Group since the six months ended 30 September 2014. Full year results for the period ending 31 March 2015 are expected to be announced on 20 May 2015.

Highlights
· Group revenue of $444 million, up 5%, 2% on a like-for-like1 basis
· Mobile revenue up 4% driven by strong subscriber growth across Panama and LIME markets
· Acceleration of Project Marlin driving improved network performance and customer satisfaction
· Columbus acquisition on track to close before fiscal year end

9 month high @57.05p

and again 12+ month high @57.90p.

Extension of Columbus acquisition longstop date to 31 March 2015

Cable & Wireless Communications Plc ("CWC") today announces it has agreed with the shareholders of Columbus International Inc. ("Columbus") to extend the longstop date for the receipt of required consents and approvals for the proposed acquisition of Columbus, announced on 6 November 2014. The longstop date will be extended to 31 March 2015. CWC notes the announcement made yesterday by the Telecommunications Authority of Trinidad and Tobago ("TATT") and continues to work constructively with TATT and all other relevant regulators towards completion of the transaction.

TELECOMMUNICATIONS AUTHORITY OF TRINIDAD AND TOBAGO APPROVES ACQUISITION OF COLUMBUS BY CWC

Cable & Wireless Communications Plc (CWC) announced on 6 November 2014 that it had agreed terms to purchase 100 per cent. of the equity of Columbus International Inc, a leading privately-owned fibre-based telecommunications and technology services provider operating in the Caribbean, Central America and the Andean region, for USD1.85bn (the "Acquisition").

The Company confirms it has obtained the necessary approval for the Acquisition in Trinidad and Tobago following its receipt of consent from the Telecommunications Authority of Trinidad and Tobago (TATT). Further to the consent, CWC has agreed to divest its 49 per cent. shareholding in TSTT within an appropriate period following completion of the Acquisition.

Completion of the Acquisition remains subject to the satisfaction or waiver of certain other conditions, as set out in the circular to CWC shareholders dated 19 November 2014, including the receipt of all necessary regulatory approvals in Barbados.

---END---

5+ year high @61.75p

It's been a long time coming! Is there much more to go is the thing?!

Money AM shows this is about a 10-year high too . . . . let's not forget the earlier Dot-Com fallout affected all stocks and anything a bit "Techy" even more.
Can't recall the effect of the split from [CW.] and what that did for shareholders.

At least there is a decent Yield, eh?

Late RNS :- COMPLETION OF ACQUISITION OF COLUMBUS

Cable & Wireless Communications Plc ("CWC") is today pleased to announce the completion of the acquisition of the entire issued share capital of Columbus International Inc. ("Columbus") by CWC from Clearwater Holdings (Barbados) Limited, CVBI Holdings (Barbados) Inc., Columbus Holding LLC, Brendan Paddick and others, as announced on 6 November 2014 (the "Acquisition"), following satisfaction of all necessary conditions.

Board Changes

Cable & Wireless Communications Plc ("CWC") today announces the following changes to its Board of Directors which have taken effect immediately following completion of the acquisition of Columbus International Inc. by CWC (the "Acquisition"), as announced earlier today:

· John Risley has been appointed as a Deputy Chairman and a Non-Executive Director of CWC;
· Brendan Paddick has been appointed as a Non-Executive Director of CWC; and
· Thad York has been appointed as a Non-Executive Director of CWC.
· Nick Cooper will step down as Corporate Services Director of CWC.

There is no other information required to be disclosed pursuant to Listing Rule 9.6.13R.

5 year high @63.50p.

Jefferies International Buy 66.40 66.40 61.00 87.00 Reiterates

Notice of Results

Another new high @70.10p.

Final Results

Strong performance and improving platform for growth

Highlights
§ Group revenue of US$1.8 billion up 4% reflecting strategic progress

§ Group EBITDA of US$585 million up 7%; EBITDA margin increased by 1 ppt to 33%

§ US$100 million cost reduction plan successfully completed; c.800 FTE reductions over two years

§ US$442 million Project Marlin capex investments have improved network performance

§ Significant growth in adjusted EPS to US4.7 cents driven by US$55 million lower interest cost

§ Columbus acquisition completed on 31 March 2015; integration underway

§ Recommended final dividend per share of US2.67 cents; full year dividend per share of US4 cents (2013/14 US4 cents)

On Tuesday 21 July 2015 at 07:30 (BST) Cable & Wireless Communications Plc will release its trading update for the three months ended 30 June 2015.

Goldman Sachs Buy 65.25 65.25 70.00 83.00 Reiterates

First Quarter Trading Update

Highlights
· Group revenue of US$583 million, up 4%
o CWC (excluding Columbus) revenue grew by 2%, Columbus up 12%
· Mobile revenue flat against prior year with mobile data up 16% and 5% subscriber growth
o LIME revenue growth of 10%, offset by a 9% decline in BTC due to reduced roaming rates
· 7% broadband and 2% video subscriber growth across Group
· Managed services revenue grew by 14% but Government contract awards in Panama were slow
· Integration progressing well; new management and organisation in place - c.140 management FTEs identified as leavers

GRANTING OF SECURITY OVER SHARES IN THE COMPANY BY CLEARWATER HOLDINGS (BARBADOS) LIMITED

What price would it be reasonable for this?
Any idea?

Various article referring to this - UPDATE 3-Liberty Global in talks to buy Cable & Wireless

Rule 2.10 Announcement of Shares in Issue

October 23, 2015

In connection with the possible offer by Liberty Global plc ("Liberty Global") for Cable & Wireless Communications Plc ("CWC") and in accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK, LILA and LILAK) confirms that it has the following relevant securities in issue and held outside treasury as of the close of business on October 22, 2015:



more....

If you have access to the FT, a figure of 85p is mentioned :-

John Malone’s Liberty Global in talks to buy Cable & Wireless

Thank you,
Just sold 15k at 76.
This is my only stock in green. Gelncore f??ked me off

Offer Update

Recommended Acquisition

of

Cable & Wireless Communications Plc ("CWC")

by

Liberty Global plc ("Liberty Global")

On 16 November, 2015 the Liberty Global Directors and the CWC Directors announced that they had reached agreement regarding the terms of a recommended acquisition through which Liberty Global will acquire the entire issued and to be issued share capital of CWC (the "Offer Announcement").

Illustrative calculations of Exchange Ratio and Alternative Exchange Ratio

CWC intends to provide CWC Shareholders with illustrative calculations of the Exchange Ratio and the Alternative Exchange Ratio on a weekly basis until the Scheme Document is posted to CWC Shareholders, and on a daily basis (on business days only) thereafter, in each case until the Exchange Ratio Calculation Time.

Accordingly, CWC announces today details of the Exchange Ratio and the Alternative Exchange Ratio as if the Exchange Ratio Calculation Time were 23 November 2015. CWC Shareholders should note that this is for illustrative purposes only and that the Exchange Ratio Calculation Time is not, and will not be, 23 November 2015.

The Exchange Ratio Calculation Time, and accordingly the Exchange Ratio and the Alternative Exchange Ratio, will be determined as described in the Offer Announcement and as will be set out in the Scheme Document.

CWC Shareholders are advised to read the Scheme Document carefully once it has been despatched, which is currently expected to be within 4 months of the date of the Offer Announcement.


Illustrative calculations as at 23 November 2015

If the Exchange Ratio Calculation Time were 23 November 2015 (being the date of this announcement), under the terms of the Transaction, the Exchange Ratio and the Alternative Exchange Ratio would be calculated such that:

· under the Recommended Offer, CWC Shareholders would be entitled to receive, for each CWC Share, 0.008301 New Liberty Global Class A Ordinary Shares and 0.020321 New Liberty Global Class C Ordinary Shares, as well as the Special Dividend;

· under the First Dual Share Alternative, CWC Shareholders would be entitled to receive, for each CWC Share, 0.005593 New Liberty Global Class A Ordinary Shares, 0.013693 New Liberty Global Class C Ordinary Shares, 0.002343 New LiLAC Class A Ordinary Shares and 0.005739 New LiLAC Class C Ordinary Shares, as well as the Special Dividend; and

· under the Second Dual Share Alternative, CWC Shareholders would be entitled to receive, for each CWC Share 0.004601 New Liberty Global Class A Ordinary Shares, 0.011265 New Liberty Global Class C Ordinary Shares, 0.002343 New LiLAC Class A Ordinary Shares and 0.005739 New LiLAC Class C Ordinary Shares, as well as the Special Dividend.

At such illustrative Exchange Ratio and Alternative Exchange Ratio:
· the consideration under the Recommended Offer would represent an indicative value of 81.03 pence per CWC Share (including the Special Dividend and using the Closing Price of Liberty Global Shares on 20 November 2015);
· the consideration under the First Dual Share Alternative would represent an indicative value of 75.86 pence per CWC Share (including the Special Dividend and using the Closing Price of Liberty Global Shares on 20 November 2015); and
· the consideration under the Second Dual Share Alternative would represent an indicative value of 66.54 pence per CWC Share (including the Special Dividend and using the Closing Price of Liberty Global Shares on 20 November 2015),
based on the following:
· the Closing Price of $42.79 per Liberty Global Class A Ordinary Share on 20 November 2015;
· the Closing Price of $40.86 per Liberty Global Class C Ordinary Share on 20 November 2015;
· the Closing Price of $37.81 per LiLAC Class A Ordinary Share on 20 November 2015;
· the Closing Price of $38.27 per LiLAC Class C Ordinary Share on 20 November 2015;
· a volume weighted average price of $43.86 per Liberty Global Class A Ordinary Share over the 10-day period ending on and including 20 November 2015;
· a volume weighted average price of $42.08 per Liberty Global Class C Ordinary Share over the 10-day period ending on and including 20 November 2015;
· an exchange rate of 1.5194 USD per 1 GBP;
· as at the close of business on 20 November 2015, CWC had 4,438,594,233 shares in issue and outstanding on a fully diluted basis;
· the assumption that no CWC Shareholders who elect for the Recommended Offer also elect for the LiLAC Alternative.
Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in this Announcement.

Shouldn't it rise towards 81p. Why fallen today?

Offer Update

Thank you Skinny
I don't understand why there are three alternatives.
Are we allowed to choose one of those? when?

Offer Update

Any reason for the sharp drop from 74 to 64 in a couple of days!

Clear as mud!

OFFER UPDATE

I was closed out of these last week @80p, so won't get the 3p special dividend.

All a bit involved - good luck to any holders!

"Under the terms of the Offer you will receive Shares in Liberty Global in place of your Cable & Wireless Communications Plc Shares. The number of Shares in Liberty Global you will receive will be determined by an Exchange Ratio which has not yet been calculated. Under the basic terms of the Scheme you would receive the following in place of each Cable & Wireless Communications Share:
Between 0.00792064 and 0.00830064 of a Liberty Global Class A Share; and
Between 0.01939120 and 0.02032149 of a Liberty Global Class C Share.
The exact ratio to be used will be calculated by reference to the weighted average price of the Liberty Global Class A and Class C Shares. All Shareholders at the effective date will also receive a Special Dividend of 3p per Share.

A number of Alternatives will be available to Shareholders allowing them to instead elect to receive Liberty Global LiLAC Class A Shares and LiLAC Class C Shares, or various combinations of the different Classes. Information in relation to the different Classes of Liberty Global Shares is contained in the appendix to this letter."