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.

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."