Sold today for a respectable 17.9% profit having held for 12 months. Decided that the cash/US paper mix did not suit me and that I was better off reinvesting the CWC cash in something with a steady dividend yield. CWC has been good to me as I initially held for 12 months 2013-2014 and got out with a 39% yield before buying in again last year. Good luck to all of those who continue to hold here.
It depends entirely on sentiment towards Liberty Global as we move forward. The CWC price now just tracks that of Liberty. If the CWC deal is seen as a good one for LBYT then the SP should rise. If not it will stick/fall. LBTY is trading off a 52 week high of $55 and currently sits at $39, so scope for recovery there if the market moves up.
There will be a special dividend included in the final strike price when takeover by Liberty Global goes through. You can find out how the numbers break down by looking at the RNS announcements periodically issued as "offer update". Basically, at the moment keep an eye on the LG SP on NASDAQ as the more this goes up the more the offer for CWC is worth. A lot of UK shareholders bailed out in the low 60s as the CWC price slid recently, but LG has now recovered and thus CWC has risen… Read More
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