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.

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