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.

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That means this site is out of date as it shows 16+% divi.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

Thanks skinny, but that doesn't actually answer the question, though it does highlight the upcoming full year results on the 22nd May 2013, which presumably will give us some idea of the divi & the ex-divi date.

New high 12+ - albeit on low volume, next goal 45p.

Morgan Stanley Equal weight 0.00 44.00 47.00 Reiterates

Very slow share. Getting bored!

Final Results tomorrow.

Your expectation?

Its hard to say - there has been a slow trickle of news, accompanied by a slowly sideways/rising price movement, so a continuation?