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.

www.spreadbetmagazine.com/blog

When is the record date for dividend?
Was it today?

Ex dividend today - record date 1st (Friday).

So you can sell today and still receive the dividend.

Thanks skinny. I was considering to add more.

I've just added some more. High speed internet worth so much, more than food these days.
Normal cooper connection has to change to fibre optic ..... CWC to gain its real value, well over 50p very soon.

A bit more positive in this one.
I am hoping t get to my first purchase, 76p!!! Happy to wait another year.

CWC market cap is less than £1bln, while bid for one of its branches is going to be £660mln.

See:

Reuters article :-
http://uk.reuters.com/article/2012/09/17/uk-batelco-cableandwirelesscommunication-idUKBRE88G0OH20120917

Exclusive: Batelco eyes CWC assets in $1 billion telco deal - sources

Nov 8 (Reuters) - Cable & Wireless Communications PLC : * & wireless comms plc H1 revenue $1,431 million, up 1 percent * & wireless comms plc H1 EBITDA $445 million, up 2 percent * & wireless comms plc maintain guidance given at the full year, and


Main points are:

CABLE & WIRELESS COMMUNICATIONS PLC HALF YEARLY REPORT

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2012

Trading in line, full year outlook maintained

Key Highlights

-- Mobile revenue up 9%, including mobile data revenue growth of 36%

-- Strong mobile subscriber growth in Jamaica reflecting new competitive environment

-- Mobile leadership in Panama extended

-- Good performance in Macau and operational progress in The Bahamas

-- Caribbean restructuring programme underway; operating costs down 7%

-- Discussions on portfolio reshaping

-- Interim dividend of US1.33 cents per share

I expected a drop of 1.7p but it didn't happen.

Why?

">

Agreement on Monaco & Islands Disposal

Cable & Wireless Communications Plc ("CWC" or "the Company") today announces that it has agreed with Batelco Group ("Batelco") the sale of the majority of the businesses within its Monaco & Islands division for an enterprise value of US$680 million (the "Disposal").

CWC will divest its entire shareholdings in its businesses in the Maldives, Channel Islands and Isle of Man, the Seychelles, South Atlantic and Diego Garcia as well as a 25% shareholding in Compagnie Monegasque de Communication SAM ("CMC"), the company which holds CWC's 55% interest in Monaco Telecom.

The Disposal accelerates the delivery of CWC's strategy to reshape its business, reduce its geographic spread, and focus on the Central American and Caribbean region, as well as increasing the Company's financial flexibility.

Recent high today @40p.

Cable & Wireless on verge of £430m Macau sale

The Sunday Telegraph understands the sale of the FTSE 250 telecom firm’s Macau investment to China’s CITIC Telecom is very close to completion.

The complex deal involves CITIC, part of the Chinese state-owned investment company CITIC Group, buying Cable & Wireless Communications’ 51pc stake in CTM, Macau’s fixed line provider, as well as a 28pc stake owned by Portugal Telecom.

The deal is understood to value CTM in the region of $1.4bn, with CITIC paying approximately $1.1bn to buy the 79pc it does not already control. As a result, Cable and Wireless is expected to receive in the region of $700m.

The deal may be confirmed as soon as tomorrow , but sources indicated it remains possible the transaction is delayed. The deal will come days after investors in Cable and Wireless Communications (CWC) voted to dispose of its Monaco and Islands business.

The $680m disposal to Bahrain Telecommunications was signed in December, but had to be ratified by a majority of investors.

Looks like an RNS in the morning!

Agreement on Macau Disposal

Typical, immediately after I sold 50K on Friday morning.

ahoj - if you look at the chart, I think some of this 'news value' was factored in on Friday morning (and possibly Wednesday & Thursday)!

And here is the RNS Agreement on Macau Disposal

Cable & Wireless Communications Plc ("CWC" or "the Company") today announces that it has agreed with CITIC Telecom International Holdings Limited ("CITIC Telecom") the sale of CWC's 51% stake in Companhia de Telecomunicações de Macau S.A.R.L. ("CTM") for a total consideration of US$749.7 million (the "Disposal").

CWC's controlling 51% stake, held through its wholly-owned subsidiary Sable Holding Limited, will be acquired by CITIC Telecom, which holds an existing 20% shareholding in CTM. Concurrently with the Disposal, CITIC Telecom has today announced it has agreed with Portugal Telecom ("PT") to acquire its 28% stake in CTM (the "PT Disposal"). Both CWC's Disposal and the PT Disposal are conditional on the completion of each other. At completion of both transactions, CITIC Telecom will own 99% of CTM.

Will shareholders see any of this sale cash?
SP seems to be rising, is that the reason, perhaps?

Re later Posts...
ahoj - how is it that one Broker is repeatedly suggesting 40p (ie pretty much level?). I have bouht a few but not because I think the Management is able to drive this company.
Rather like having taken yr parent to the Airport, you've crashed yr dad's car in a ditch, but are keeping it polished for his return.

It worth more than 100p a share, IMO