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Can't agree with your comment sorry. I have followed CWC avidly since its creation following demerger and however competent Phil Bently may be, he cannot surpass the value Tony Rice has been to the company who with his team has delivered what is today a very attractive company. If you look at the 'top stories' on the CWC homepage regarding the Results, Products, Governance and History of the company they amount to one big advert to prospective buyers. I do belive that next year CWC (sadly) will be no longer be but the buy-out price will be close to 80p. Even if I'm wrong, I will still be a happy holder of the shares for the good value and dependable income they generate. Merry Xmas everyone and good luck.
my view is that maybe upward share price is due to the new execute recently obtained from centrica. this chap is of high quality and just what this company needs.
No probs, i like telecom stocks for there dividends and like you normally hold for the long term. i have a significant shareholding in Vodafone and i'm undecided what to do about the return of value and stock consolidation. Do i hold out for the return of value, or do i sell before hand, where's the price going between now and Feb, then there's the AT&T rumor. Whatever happens i wont lose, but i wouldn't want to miss out on getting near the best price, decisions decisions lol. Whatever happened to the days when you could put the shares in a cupboard and just keep collecting the divi's. I don't like seeing folks ramping, however well intentioned, because i've been on the wrong side of the endowment fiasco and that was on advice from professionals, i trusted at the time, who were obviously only acting in their own interest. I've liked my cable and wireless shares over the years and overall i've done ok, would i personally buy at the current price, no. I also wouldn't buy BT and Vodafone at their current price. I regret that i didn't buy BT when they were around 90p, not so many years ago, but i see articles now ramping them now and wouldn't go near them at the current price. This is just me expressing my views and not meant to influence anyone, as i say im quite often wrong!!!
I didn't think you were deramping and your scepticism of a takeover is perfectly justifiable in the absence of anything concrete being put in the public domain. It sounds like you have hedged your bets with your shareholding and no one could ever say that was wrong. I responded as I did because you appeared to be somewhat impatient about the lack of news whereas there are quite a few people who bought this stock for yield and long term growth and who will not be distraught if a takeover doesn't happen now. I must apologise for an obvious typo in my previous post - "Alphaville" should of course have read "AlphaValue".
I have sold a percentage of my holding, but have retained a holding. I'm just trying to add some balance to the debate and present other views. I neither ramp, nor advise people to sell, i just give a view. I haven't got a crystal ball and i don't know where the share price is going. If you look at 5 year chart the recent increase puts the share approximately where it would have been had it not under performed the FTSE100, whereas BT has outperformed by 200% and Vodafone has outperformed the FTSE by 50%, so the share price could easily hold where it is, or go higher. The dividend is ok, but not as good as it was.
Nicely put, spot on.
If you are sceptical and a short termist then you should probably sell sharpish. The share price may have underperformed today but it certainly hasn't over the last week. It is, of course, quite possible that there is no potential predator lurking. I suppose it's possible that some of the recent price movement has an element of re-rate about it, after all Alphaville have been calling it at over 54p for a while now. For my part I shall remain invested here as I have been for about 18 months having bought in at about 30p. As I seei it this is a stock with a good yield that has potential for some excellent capital growth whether short term or long term. That growth could come from a takeover or simply from the newly restructured business performing well. Either way I have thought for some time this was a decent stock to be in, and if the takeover doesn't happen this time, and the share price inevitably dips, I'll be patient and keep collecting the dividends.
Today CWC unperformed the FTSE100, VOD, BT and most other telecom stocks. I remain unconvinced that the recent share price rise is anything more than speculation. Why are the press not all over it after the initial reports of takeover interest, usually they're all over rumors relating to takeovers and mergers and relish one-upmanship by being the first to get stories out to press. Why hasn't the protagonist been uncovered. Without further proof i remain sceptical.
I have noticed that news has been coming out of the CWC Media dept pretty thick and fast recently but it's all been 'low level' stuff. The sceptic in me thinks this is just a bit of a tactic to deflect attention from what we really want to know, i.e., who is sizing the company up.
http://www.4-traders.com/CABLE-AND-WIRELESS-COMMUN-6064178/news/Cable-and-Wireless-Communications-Plc--CWC-Panama-Data-Centre-Wins-Quality-Award-23-December-2013-17636176/ Panamanian award for best ISO company of the year. Pity we are not also told who is buying up the shares. They seem to be climbing gradually whcih is good news. Not sure if anything will now break before Christmas. GLA
"There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type of investor -the investment professional, who indeed knows that he or she doesn't know, but whose livelihood depends upon appearing to know." - Bernstein, William.
I suppose in the scheme of things CWC isn't a big fish and so doesn't warrant the column inches in the financial pages VOD does, for example. Although news seems to have dried up at the moment it is of interest that the largest value of daily trading in CWC shares last week was on Friday. So while there is nothing extra in the public domain, for sure things are going on behind the scenes. Perhaps bigrobbo will be proved right and a bid sneaked in Monday or Tuesday. Would make a nice Christmas present so please Santa! GLA
Where are the Sunday press when you need them, no new stories. The last thing of any significance i saw was a short paragraph tucked away in an article, with a heading about Admiral insurance, saying that Liberty Global had informed the Daily Mail that they're not interested in bidding for CWC. The Liberty Global story was worthy of interest, since it mentioned a figure of over 70 pence, giving it some detail. There's no doubt that there's been movement in the share price, but why has nothing been reported since LG denied interest. If LG were interested and denied it to the press, then that may have the effect of depressing the share price and may be interpreted as manipulation, so i'm sure it must be true. Is the rise in the share price speculation and if not, where are the announcements and press reports.
If any t/o is to be announced we'll have to wait till January imo so a little of patience here is the key cause it can be generously rewarded.. Definitely something is going on if we look at the sudden 2% jump in the UT price comparing to preceding trades. I don't expect anything on neither Christmas Eve day nor New Year's Eve day although who knows- it would be a nice Christmas present.
I was going to sell these at 55. but I think I will keep for a bit longer.
The rumor mill is working overtime at the moment, AT&T seems to be the focus of a lot of them. Vodafone's share price is up at the moment because of speculation that AT&T are looking at mobile in Europe and if not AT&T, then softbank is touted as a possibility. Now CWC are at the center of takeover speculation and again AT&T are in the frame, so it seems that telecoms are being targeted for a lot of speculative investment. I suspect the cause is the sale of Vodafone's sale of their 45% stake in Verizon wireless to Verizon communications, which is due to complete in Feb for 130 billion dollars. If anyone has any other ideas about the reasons for telecoms firing up at the moment, please share.
Found this article about AT&T's expansion ambitions including central America and Europe which of course CWC fits into nicely. The article starts of about a recent AT&T sale. http://seekingalpha.com/article/1907171-at-ts-sale-of-connecticut-wireline-assets-makes-sense?source=google_news
My Guess is AT&T will announce a Modest 60/65p bid Christmas eve for maximum advantage
If there is a bid waiing to jump out why haven't the takeover and mergers panel acted and forced a statement out of the companies, below is a cut and paste is from a bloomberg article talking about the "so called Cadbury law" The so-called Cadbury Law stipulates that any hint of a transaction involving a U.K.-listed target -- unusual stock movement, a news article based on anonymous sources, or even a tabloid market column that cites stock-trader chatter -- can force a company to issue a press release confirming or denying the existence of negotiations and identifying any potential bidder. There doesn't appear to be any anouncements, any thoughts?
When I look on other sites they show the SP closing down today but here it seems the uncrossing trade has set the closing price. Must admit I don't understand enough about this.
Huge volume again, unusual size of uncrossing trade (imo also worth attention), blue finish again. Bidding "war"? Draw your own conclusions.
Looks like I was right and it's just 14:00. All signs of a strong uptrend.
Going back again as I said earlier. About 16:00 bigger players start coming and we finish in blue. Just my opinion.GLA
Observation
HermanusInclusus what are you basing your opinion on? The only way i see the share price increasing significantly is if the takeover rumors are indeed true. I have read that the mean of analysts ratings are around the 46 pence area, The share price may go up, but in my opinion the current share price is far from a bargain based on the information available at the moment, unless you know something i don't.