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.

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?

Final Results

Good performance in transformational year

Key Highlights

§ Total Group EBITDA of US$905 million - ahead of prior year and outlook

§ Continuing Group EBITDA of US$589 million - Panama up 8% in H2 versus H1

§ Underlying equity free cash flow up 11%, restated net debt down in H2 to US$1,508 million

§ Group strategy progressed significantly through agreed disposals

§ Paved way for unified business structure

§ Target US$100 million cost reduction and improved Caribbean EBITDA margin

§ Recommended final dividend per share of US2.67 cents, full year dividend per share of US4 cents

Espirito Santo Execution Noble Buy 45.93 50.00 50.00 Reiterates

Liberum Capital Hold 45.18 40.00 - Retains

Deutsche Bank Buy 43.40 53.00 57.00 Reiterates

28 May Cable & Wireless... CWC Deutsche Bank Buy 45.53 44.00 57.00 57.00 Reiterates

Gone long. Recovery looks on cards.

Could be the next TCG.

Breakout.....

Ex Div tmrw (I think)

Rampage -

From the link in post 54 above.

"Subject to shareholder approval, the final dividend will be paid on 9 August 2013 to ordinary shareholders on the register at the close of business on 31 May 2013."

So ex dividend tomorrow.

Thanks skinny.

.

Deutsche Bank Buy 43.19 57.00 57.00 Reiterates

Jefferies International Hold 43.19 42.00 47.00 Retains