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At this price I would have thought that CWC would make an attractive take over even without the ongoing restructuring. Healthy cash position and decent dividend. Disclosure: I own shares in CWC
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........
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?
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.
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
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.
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!
Surely the Euirozone is not particularly relevant to CWC in the Caribbean and Central America. The price has now come down some 18% over 2 months which is quiite a drop. Perhaps the higher price was fuelled by bid speculation but even so the present price is very low. Hope no adverse surprises at AGM on 26 July.
The Eurozone got a little nervy over a fresh crisis involving the Portuguese banking sector..
Can anyone guess WTF is going on with the SP? I don't see any 'intelligence' across the web that explains it. I appreciate there are the Q1 results coming soon so suppose the markets may have got a sniff that they may be disappointing but apart from that I can't understand why there has been such a big fall in the past couple of months. Broker ratings including the recent ones are way up on the current SP.
With so much cash sloshing around America Movil will no doubt be looking for new investment opportunities outside of Mexico and CWC is trading at a bargain price at the moment. http://uk.reuters.com/article/2014/07/09/us-slim-americamovil-idUKKBN0FE1MB20140709
Good news like what corgis? CWC taking control of TSTT in Trinidad, revenues for Q1 shooting up or some big boy declaring they want to buyout CWC? I'd be pleased to learn about what you know. Regards, comsman
This may be on the verge of good news?
That's my price to buy back in.
How did they get a price of 51.5p today?
Does it become a bid target under 50P?
I sold my 19000 today for a tidy profit as I agree with fleccy/IC
IC VIEW: Shares in CWC have climbed a fifth in the past year and now trade at 22 times forecast earnings. That looks a full valuation for a company with an unproven recovery strategy. Hold. Last IC view: Hold, 55p, 20 Jan 2014
Happy now? :) After watching the Annual Results webcast yesterday I am of the opinion now that it will be another year before we see the SP established in the 60-70p range and some T/O interest emerge. Still, with a healthy divi from CWC I am happy to sit back till then.
Some absolutely massive buys coming in expect this to rocket.
Would love to see this finish above the 55p resistance.
CWC are trying to secure majority control of the T&T operations. This would be good if it comes off as T&T has a population of more than a million people, three times larger than the Bahamas and with a higher standard of living. (Goldman Sachs have upgraded CWC to a 'Buy' with a 68p target.) http://jamaica-gleaner.com/gleaner/20140429/business/business2.html
An article in Telegraph indicates that shareholders will vote on this disposal. So at least small shareholders will be able to cast their vote? It may not make a lot of difference, sadly. But a share price increase may follow. Early doors.