I bought in too high some time ago after the split having actually made some money on the original CW. I like what they have and am cautiously optimistic. There was talk recently of the dividend being axed but in fact it was halved from about 12% to 6% which is still a good return. They maintained the final pay-out this time at the old level which was a bonus and of course this pushed the sp further down once it went ex div a couple of weeks or so ago. I think thats you are right about the automatic trades within asector particularly by big players suchas hedge and pension funds. Nevertheless the sp of CWC and CWW has gone in different directions today which is unusual. I should have kept quiet! Research and patience are essential but the other necessary ingredient is luck! In this market there is scope for making profits and, regrettably, losses by trading in and out within a week or two which is a bit less demanding than day trading. I am now up and running with my new online broker and that works well and saves me a lot in fees.Got to be on the ball and of course online so may have to invest in a pad of some description as a smart phone is too small and one cannot have a laptop with one at all times.
I must try and spend an hour or so reading the CWC annual report to see if I can understand them a bit better. I had cable and wireless about 10 years before the split and was of course left with some CWW and CWC. The miserable performance of both has tended to make them one of those shares that one prefers not to look at too often.Rather to look the other way and hope something nice and unexpected happens . However at the sort of price this has sunk too it certainly needs a closer look. Regarding the prices rising and falling together I wonder if a lot of price movement these days is to do with all the computer generated trading constantly being activated. i.e. thousands of computers across the country/world with a portion of their fund invested in "Telecoms"sector just auto buy a few at x price and auto sell a few at y price according to sector. Hence sectors perhaps tending to move together regardless of specific news ? Because of this I would think its pretty hard to have any success these days as a day trader. But with a bit of patience and good research or more likely a bit of research and a LOT of patience I suppose we can still occasionally win!
Come back Orbis all is forgiven! CWC and CWW seem to rise and fall together not necessarily by the same percentage but they rarely go against each other - is this a sector thing or do people still confuse them or is there some common thread such as shareholders in common who adjust their holdings in tandem? I still think that CWC has decent prospects for the fuiture and the possibility of being taken over - what a great company to break up into its component parts! You could be selling telephone companies all over the world for years.
Note the RNS on 6th June http://www.cwc.com/investor-relations/rns-announcements.html Perhaps it has no significance since Franklin Mutual Advisors already held 242 437 048 shares (approx 9% of CWC ) at the time of the split to CWW and CWC back in 2010. The RNS now shows the same holding but added to the original list of 3 sub-shareholders we now see Mellon Bank London included in that list and the voting rights as under 5%. So presumably only the voting rights have changed or perhaps Mellon has taken a share in the investment. Anyway nice to see the price creeping up despite an apparent steady stream of sales. At least looking at the purchases and sales that WE are allowed to see ! Lets hope Orbis gets the urge again soon.
Encouraging to see sp slowly creeping back up after ex div fall. This is often a sign of a company in good shape - eternal optimism! Greek Bonds or even shares may be worth buying when they are out of the Euro - who knows??
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