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

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."