I last bought in at around 45p and sold about 18 months later at 54p. With the divis on the way it was a healthy profit. I was reluctant to sell at the time but needed the money. I still think T/O is a real possibility but who knows when. I've only bought a small amt this time and aim to top up at intervals. I've set a stop loss at 40p and will renew that every month. I'm happy to give this 2 years and keep the divis as compensation. I have to admit I know very little about telecomms or the markets CWC operates in. My late father always had Cable and Wireless in his portfolio and he was a cautious investor. I've been in and out a few times in the last decade (even prior to the CW/CWC breakup) and have never lost money yet....of course , there's always a first time........
16 Jul '14
How old are you|? I only ask because of the last sentence of your last post! I happen to agree with all you say but am looking for short or medium term profit as time waits for no man! Do you have a time frame in mind?
15 Jul '14
Welcome Back Pintof...
Hope you bought back in during an afternoon session. Regular as clockwork these shares spike up in the morning only to fall back further in the afternoon. I can never find any market evidence to justify this movement so assume that it is deliberate manipulation by those who are skilled at this. I would welcome a 'simple' explanation of price manipulaltion and short selling etc. As you say, the fundamentals and divi of CWC are good and I am in this until the inevitable TO, however long that takes.
15 Jul '14
Couldn't resist - been watching for weeks. Last held for 2 years+ so not expecting quick things but can't resist that divi yield and potential T/O. GLA
11 Jul '14
RE: SP DROP
These have been down as low as 37p and not that long ago. I bought in initially at 40p and topped up on that low but sold out when they hit 56p back in mid January. Much of the positivity surrounding CWC at that time centred on the business itself and the new CEO rather than takeover rumours. It just seems to have drifted back down since then on a lack of real news about prospects and progress. The divi is attractive, so I am looking to get back in at some point. If the price drifts any lower it could be tempting.
11 Jul '14
RE: SP DROP
Barley, I feel the same way. Being Central American focused now some issue with a bank in Portugal is irrelevant and the only European issue that should affect the SP is the exchange rate. It's been more than 7 months since the TO talk lifted the SP into the fifties so I don't think the recent drop is attributable to that talk cooling. Do hope there are no bad surprises coming with the Q1 results. CWC has plenty of cash in the bank to fund their planned investments but the CEO has said that the declining revenues is a concern and that he is committed to returning growth. Hope he does, I am still in profit on this one, just!
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