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.

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

What does this mean?

Why the manager bought & why 2 shares only?


Director Tim Pennington, Matching Shares vested 2

Accordingly, the Director's holding in the Company has increased by the specified number of shares.

Completion of Macau Disposal

Cable & Wireless Communications Plc ("CWC" or the "Company") today confirms the completion of the disposal of its 51% stake in Companhia de Telecomunicações de Macau S.A.R.L. ("CTM") to CITIC Telecom International Holdings Limited, announced on 13 January 2013 (the "Disposal").

At completion of the Disposal, CWC received total cash proceeds of US$806.8 million comprising consideration of US$749.7 million (on a cash and debt free basis) plus US$57.1 million representing the estimated proportionate share of net cash in CTM attributable to CWC and initial working capital adjustments.

The consideration for the Disposal remains subject to normal post-completion cash, debt and final working capital adjustments.

Skinny,
Market cap of CWC is not much higher than the cash, isn't it.

Goldman Sachs Neutral 40.73 46.00 45.00 Reiterates

Sterling dividends payable in cash will be converted at the prevailing UK sterling to US dollar exchange rate at 2pm BST on 18 July 2013 (£1 = US$ 1.5192). Accordingly, the amount of sterling dividend payable in cash on 9 August 2013 will be 1.7575 pence per share.

Trading Statement tomorrow (25th).

Interim Management Statement

Highlights
· Group trading performance in line with outlook indicated at 2012/13 results
· Continued data usage growth across portfolio
· Increase in Jamaica mobile subscribers following further regulatory change
· Strategy to refocus group progressing well with completion of Macau disposal
· Major cost reduction plans progressing as anticipated

Citigroup Neutral 0.00 40.09 38.00 43.00 Resumes

Looks like the forecast divi yield is still around the 6% level, which is probably worth having. Shame the sp isn't going anywhere.