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.

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