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.

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.

Now is a golden cross.

Bought 10000 at 48.25
Like the chart so lets hope for some action!

Espirito Santo Execution Noble Buy 47.40 60.00 62.00 Reiterates

Nomura Reduce 47.40 42.00 42.00 Reiterates

JP Morgan Cazenove Neutral 47.40 43.00 43.00 Reiterates

Deutsche Bank Buy 47.40 57.00 57.00 Reiterates

Ex Div tomorrow