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.

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

Espirito Santo Execution Noble Buy 42.44 50.00 50.00 Reiterates

Getting ready to jump over the fence, to 45p

Strategic alliance with Columbus Networks

Cable & Wireless Communications Plc ("CWC") today announces it has entered into a strategic alliance with Columbus Networks Ltd ("Columbus") to develop its international wholesale capacity business.

Under the alliance, CWC and Columbus will form a joint venture in the pan-America region which will provide international wholesale capacity to both companies, as well as to third party carriers.

CWC and Columbus operate substantial and largely complementary sub-sea cable networks in the Caribbean and Central American region - the joint venture will have a network platform of approximately 42,000 kilometres with connectivity to 42 countries.

The alliance positions CWC strongly to meet the data capacity demands of its retail operations in the future, as well as optimising its capital expenditure commitment to its undersea cable networks. Demand for data capacity is growing rapidly in this region, driven by the increasing availability of, and consumer demand for, mobile data and fixed broadband services.

The joint venture, which launched today, will initially operate on an agency basis by providing joint sales and marketing services for each of CWC's and Columbus' international wholesale capacity services. Columbus has a 72.5% majority share in, and management control of, the joint venture and CWC has a 27.5% share with appropriate minority protections.

This Co went ex-divi at the end of may last year. Anyone know if we can expect a divi this month?

Dividend Information