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.

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.
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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.