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.

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

12 month+ high@49.15p

Breakout....?

Certainly looking strong on volume - I won't mention the gap in the chart.

Barclays Capital Equal weight 49.47 49.00 40.00 43.00 Retains

Unwind of Monaco Telecom disposal agreement with Batelco

Cable & Wireless Communications Plc ("CWC") today announces that it has agreed with Batelco to unwind the previous transfer of a 25% shareholding in Compagnie Monegasque de Communication SAM ("CMC") from CWC to Batelco. CWC has re-paid to Batelco the US$100 million paid by Batelco to CWC upon completion of the Islands disposal and Batelco has re-transferred to CWC the 25% shareholding in CMC. All option arrangements between CWC and Batelco in relation to CMC have terminated.

New CEO Commences Role at CWC

Cable & Wireless Communications Plc ("CWC") announces that Phil Bentley began his role with the company as Chief Executive Officer on 1 January 2014, replacing Tony Rice.

Since his appointment, Mr Bentley has purchased 4,300,000 shares with total value equivalent to approximately three times his base salary. Additionally, he has been awarded 4,288,011 Performance Shares.

From yesterday :- Espirito Santo Execution Noble Buy 57.43 62.00 68.00 Reiterates

CWC and Govt of The Bahamas create BTC foundation

CWC and Government of The Bahamas reach agreement to create BTC Foundation for Bahamians


Cable & Wireless Communications (CWC) today announces it has reached an agreement with the Government of The Bahamas to establish a charitable foundation dedicated to investing in projects for the benefit of Bahamians.

The BTC Foundation will be funded through the contribution by CWC of a 2% economic interest in BTC. The 2% shareholding will not be entitled to any voting rights and therefore CWC will retain majority voting rights in BTC as well as remaining the largest overall shareholder. CWC will also maintain management and Board control of the business, and as a consequence continue to consolidate BTC's financial results.