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.

DISPOSAL OF ALGERIAN SATELLITE BUSINESS

Cable & Wireless Communications Plc ("CWC" or the "Group") today announces that its subsidiary Monaco Telecom SAM ("Monaco Telecom") has agreed to sell its Algerian satellite communication business Divona SpA ("Divona") to Smart Link Com SpA, of Algeria, for a total consideration of US$1.4 million on a cash free and debt free basis.

Proceeds from the sale will be used for general working capital purposes. The transaction will not have a material impact on the Group. The consideration will be satisfied in cash and assumed debt and is subject to certain adjustments for working capital and transition costs.

The transaction is subject to customary regulatory approvals by the relevant authorities in Algeria.

Goldman Sachs Neutral 40.99 40.99 45.00 50.00 Reiterates

Interesting to see that MAM data shows CWC divi yield as 9.8%. When I was doing my research the yield was 6.2%, but that was under threat. Glad I stayed out as the sp has gone nowhere, though at least it hasn't drifted by much.

APPOINTMENT OF PHIL BENTLEY AS NEW CEO

Cable & Wireless Communications Plc ("CWC") is pleased to announce the appointment of Phil Bentley as Chief Executive Officer, succeeding Tony Rice, with effect from 1 January 2014.

Phil was previously Managing Director at British Gas, the UK's leading energy and services provider between 2007 and 2013. Prior to this he was Managing Director, Europe and Group Finance Director at Centrica plc and served on its Board since 2000.

Tony has decided to step down as CEO, ahead of the establishment of CWC's new executive office in Miami, Florida, and will leave the Board at the end of 2013.

Phil will take forward the Company's strategy of establishing CWC as the leading provider of mobile, fixed line and broadband communications services in Latin America and the Caribbean region. CWC is investing in its operations in the region, particularly in mobile data, high-speed broadband and customer experience systems, as well as considering strategic acquisition opportunities. It has also committed to reducing operating costs by US$100 million over the next two years.

Phil led the turnaround of British Gas, increasing profits from £300 million to £1.1 billion, and sales by over 30% to £14 billion. The turnaround saw British Gas lead the industry in service excellence, employee engagement and innovation. Prior to Centrica he held senior executive roles at Diageo and BP.

Deutsche Bank Buy 41.93 41.93 57.00 57.00 Reiterates

Strong today on volume - IMS 7th November.

Agreement to secure mobile spectrum in Panama

30 month high @46.73p

Espirito Santo Execution Noble Buy 46.57 46.50 60.00 60.00 Reiterates

Thanks for the input Skinny, it must seem like you are talking to yourself at times !!

rampage - often!

New high this morning, but on much less volume than the past couple of days.

Don't feel isolated you guys! I read this thread and considered investing, but the chart says it all, and I'm glad I stayed out!

The fall was following split. or that peak is in fact 75p.

Always aim high.

Half Yearly Report

Mobile revenue growth across all regions


Key Highlights

. Group mobile revenue up 3%; growth in all regions

· Mobile data revenue up 29%

. Panama revenue and EBITDA up 3%

· Panama licence extension and additional spectrum

. Jamaica mobile customers up 23%

. Progress on cost reduction programme; Caribbean operating costs down 6%

. Completion of Macau and Islands disposals realising net proceeds of US$1.4 billion

. Interim dividend of US1.33 cents per share

On the cusp of a golden cross.

CWC

CABLE@WIRELESS

Broker Targets........

Cable & Wireless Communications Broker Views

Date Broker Recommendation Price Old target price New target price Notes

31 Oct Espirito Santo Execution Noble Buy 48.34 60.00 60.00 Reiterates
21 Oct Deutsche Bank Buy 48.34 57.00 57.00 Reiterates
16 Oct Goldman Sachs Neutral 48.34 45.00 50.00 Reiterates
30 Sep Citigroup Neutral 48.34 43.00 43.00 Reiterates

Expecting upgrades in next 48 hours.

Harrycut,
I think CWC has long way to go. It shows a strong start...Don't miss it.

No spare cash at the moment, so will stay out. I also think that I can do better with my money elsewhere, though I concede that CWC seems to be getting it's network in order now. Part of the reason I originally looked at investing here was the divi yield, which was into double figures, but now 5.9% (still respectable if maintained).
Ex-divi 13th Nov.

Do they pay Divi in Cents (1.33)?

It's quoted in ¢ but paid to UK recipients in pence at a pre ex-divi published rate.

EDIT: From CWC website:
"From 2010/11 onwards, dividends payable by CWC will be declared in US dollars, in line with the post-demerger reporting currency of the CWC Group. The default currency for payment of such dividends will be sterling, however shareholders may elect to receive their dividends in US dollars by completing the currency mandate form."

30+ month high earlier @48.69p

Today's note from HL.