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I know to you guys this may seem like a stupid question but!. I have found 2 tax vouchers, one is for Cable and Wireless Worldwide, and the other is for Cable and Wireless Communications. .Would someone be kind enough to tell me what has happened to both of these companies since 2012.Thank you Jonathon.
Should have been here last year when during similar week the price was 56p. C&W has a very good yield. For that reason and future growth, I try to buy on weakness. Last bought at 44p a few months ago.
http://www.jamaicaobserver.com/latestnews/Gov-t-approves-LIME-Flow-merger
this is getting really irritating & boringly predictable, every time it looks as tho it will cross the 50p line it falls back & then rises & then falls back..on & on & on... aaahhhhh someone let me out of here!!!
: http://moneyweek.com/why-john-malone-is-interested-in-cable-wireless-communications/
buys and this is going up.
Good rise today on the back of this.
Worth a read if only for an explanation of 'thembegones'. http://www.ft.com/cms/s/0/5127d432-65d0-11e4-898f-00144feabdc0.html#axzz3IU88Pxi6
By my 'simple' reckoning the market capitalisation of the enlarged CWC, based on current values, will slightly exceed the bottom two FTSE100 companies. (Wood Group and Vedanta) I think entry onto the 100 register would be no bad thing for the SP if that does happen.
Phil off the grill: Phil Bentley is inhaling the sweet, fresh breeze of freedom. He has engineered a $3 billion deal at Cable & Wireless Communications, the telecoms group he has led for just 10 months. Investors and rivals care a lot – the transaction is of the transformative sort, for good or ill. No one else will give a damn. Least of all, the TV inquisitors who gave Mr Bentley regular grillings when he ran British Gas. Mr Bentley stepped in at CWC after the U.K.-listed, Caribbean-focused group relocated to Miami. Popular predecessor Tony Rice did not fancy relocating. A witch hunt against Bosses at Centrica, Owner of British Gas, was one reason for Mr Bentley to flee the country, with the step-up from divisional Boss to top dog another. But no one gets a bargain in an auction run by JPMorgan. The multiple of trailing earnings to enterprise value is 12.3 times. That compares with 7.4 times for Vodafone and 5 times for CWC, according to S&P CIQ. The company believes the number will be nearer to 10 times when the deal closes next Easter. It is reassuring U.S. cable tycoon John Malone has elected to take shares equivalent to 13% of CWC for his stake in Columbus.
With JM holding about 23% of the newly enlarged company I am very happy to stick with CWC for the next couple of years. The fact that Orbis and one of the other major IIs have already committed to purchasing new stock is also very assuring. For a long time Digicel has been a 'thorn in the side' of CWC throughout the Caribean area and apparently were trying to buy Columbus themselves. Me thinks Digicel are now about to get a rocket up their a**se!
Results seem fine to me, and a few more investors, as the above buys & sells indicate. Divi looks safe, in uncertain markets. On pull back, I bought a few more. Quite happy with this one..
As is usually the case the market is looking short term and seeing debt and dilution. The positives coming from the Columbus deal are as yet unproven and regarded as "jam tomorrow". So the key issue for holders is whether you trust the board to have made a game changing acquisition, if you do then some patience may be required. For those of us who have the patience, as ecovest has pointed out, there is the sweetener that the dividend is maintained at the same level.
Thanks guys, as Arnie says "I'll be ...
Sympathies - Dairy Crest would have been better!
Results look fine to me.Drop is, as you say, down to placing, but this will eventually be good for the s/p as it looks like a decent purchase. While we wait, likely full year dividend of US 4 cents per share (which the placing RNS states will be maintained): "The interim dividend of US1.33 cents per share will be paid on 9 January 2015 to ordinary shareholders on the register at the close of business on 21 November 2014. Subject to financial and trading performance in the second half of 2014/15, we expect to recommend a final dividend of US2.67 cents per share, resulting in a full year dividend of US4 cents per share."
Modest I guess and showing a lot of capital expenditure. Not helping sp either!
The company has agreed to buy Columbus Int'l and is issuing a lot of shares by way of placing to acquire Columbus. This has inevitably deflated the sp. I had hoped Columbus would buy CWC but no such luck. This acquisition will ultimately strengthen CWC and I think that the sp will readjust over time. I propose to hold but sorry for Bilboburgler who without realising it only had to wait another day to get a bargain. I remember selling my o2 shares the day before their take-over by Telefonica was announced and felt gutted!
That really is Murphy's law. Bad luck. Anybody know what caused the drop?
I've been watching this company for 3 years now and finally bought in last night. :-) Can you believe it a 6% fall first thing this morning. Given the quality of the management (which used to worry me but has clearly been pretty good turning round a bag of old spanners) it seems a bit unfair on them (and me)
to hold GLA
I do hope the Board now think it the right time to exercise the recent approval to buy back about 1% of the ordinary shares in circulation, they would be a snip at this price. I appreciate there are global concerns affecting shares across the board but CWC does seem to be suffereing more that most others at the moment. (There should be an RNS today or tomorrow notifying us of the half-yearly results.).
Cable and Wireless Communications Plc (CWC) is entering three new markets and deepening its business in Panama via its acquisition of Grupo Sonitel, an IT and telecoms business. CWC, a telecoms company which operates as LIME in Jamaica and other Caribbean countries, announced earlier this week that it had acquired the Panama-based Grupo Sonitel for US$36 million. There is an additional contingent consideration of up to US$5 million more. The purchase was made through the CWC subsidiary Cable & Wireless Panama, S.A. (CWP) and includes two Grupo Sonitel companies - SSA Sistema and Sonset. SSA Sistemas is a provider of end-to-end managed IT solutions and telecoms services to business and government customers in Panama. The acquisition also allows CWC to enter the business-to-business (B2B) markets in El Salvador, Peru and Nicaragua. Sonset is a provider of IT solutions and services to small- and medium-enterprise customers in Panama. The purchase does not include non-core Grupo Sonitel companies, such as Logistica, which is an IT hardware reseller. "This transaction is in line with the strategy we outlined in May to grow our business (B2B) and government (B2G) capabilities," Phil Bentley, CEO of CWC, said in a news release. "Adding more than 350 IT software and telecoms service engineers to our team will considerably boost our capabilities in this field," he said. Julio Speigel F., who has worked with Grupo Sonitel for 20 years and serves as executive vice-president, is to continue to lead the business. "With our customers and team in mind, joining Cable and Wireless Communications was the best choice to secure the future of Grupo Sonitel," said Julio Spiegel R., who is president of Grupo Sonitel and has worked at the company for 44 years. "By bringing together CWC's communications and network capabilities with Grupo Sonitel's hosted solutions and IT expertise, we will be able to deliver an unbeatable offer to our customers," he said in the statement. Grupo Sonitel was established in 1957 and employs more than 350 people. Its vendor certifications include being a Cisco Gold Partner, Oracle Platinum Partner, VMWare Enterprise Partner, and HP Platinum Partner. For the year ended December 31, 2013, the businesses included in the CWC transaction had revenues of US$77 million from continuing operations. Cable & Wireless Panama is jointly owned by Cable & Wireless Communications, 49 per cent, and the Government of the Republic of Panama, 49 per cent. The other two per cent is held in trust on behalf of the employees. CWC has both management and board control. Outside of fixed, mobile and broadband services in Panama, CWP is also a major supplier of pay TV and enterprise services.
The Bahamas Weekly writes that the Bahamian Government and Cable & Wireless Communications (CWC) have completed the controversial ‘2% deal’, whereby CWC has transferred ownership of just under 2% of the shares in Bahamas Telecommunications Company (BTC) to a charitable trust set up by the government of Bahamas – the BTC Foundation. As part of his election campaign in 2012, PM Perry Christie pledged to return BTC to Bahamian ownership, after the previous administration sold a 51% stake in the fixed line incumbent and sole provider of wireless services in the archipelago to the UK’s CWC for USD210 million. To that end, the government has been involved in negotiations with CWC to reclaim majority ownership of the provider and in January 2014, the PM announced that an agreement had been reached. Under the now-completed deal, CWC transferred 5,093,200 shares in BTC to the new foundation, which will invest in Bahamian interests. The nearly-2% stake is not entitled to any voting rights, leaving CWC with majority voting rights as the largest overall shareholder and allowing CWC to consolidate BTC’s financial results. Further, CWC will also retain management and board control. The deal has been roundly criticised for wasting money on a ‘face-saving’ measure for the Christie administration, the end result changing little for CWC or BTC, but allowing the government to claim that it has met its election promises. Speculation that the government would consider extending BTC’s monopoly on wireless services in exchange for the 2% proved ungrounded, although the government has remained tight-lipped on the amount paid to CWC for the shares. Further, prolonged delays and the absence of any mention of the deal from CWC’s financial report led to accusations that the PM had lied about the agreement.
I've expressed a positive view of this share previously and today I bought more.