Its a nothing issue about the Politicians wanting control. With a bit of luck they might get a reasonable premium - say 20% from the Government to buy it back 100%.
Never quite seems to break 290 resistance level. Could this be the year?
My Guess is AT&T will announce a Modest 60/65p bid Christmas eve for maximum advantage
Turnover was $1bn some months ago and no big new orders added. Turnover must therefore have fallen to nearer $750m which with same fixed costs means they will start running at a loss unless they can generate extra free cash flow. A decent $200m order should do it but at the moment they are switching from busy fools back to a higher margin approach which means turnover is key. They have the Engineerinmg Skills but have they got the Managment and sales skills and Market to generate extra profitable orders? If yes then they could motor back towards the 175-200 range . if no then they will fall back to under 100 again
MARKET REPORT: City gets excited as media giant Liberty Global mulls C&W bid By GEOFF FOSTER PUBLISHED: 22:28, 16 December 2013 | UPDATED: 22:28, 16 December 2013 0 View comments As shares of Cable & Wireless Communications closed 1.77p or 4 per cent up at a two-and-a-half year high of 49p on well above average turnover, the constant buzz in dealing rooms was that John C Malone’s media giant Liberty Global is lurking. He has been running a slide rule over the company for the past couple of months and is now lining up a £1.87billion cash bid worth 74p a share. Moneybags Malone bought British cable operator and TV firm Virgin Media for around £15billion earlier this year and there has been much speculation of late that he had also approached Dutch cable operator Ziggo with a view to acquiring the remaining stake that he does not already own. But Liberty Global owns UPC Netherlands, the country’s second-largest operator, and the company may face regulatory issues if it buys Ziggo. Excited speculators are therefore convinced that Cable & Wireless Communication’s days of indepence are numbered. This year it has sold two of its four businesses for good prices, including the Macau and Islands business units as part of its strategy to focus on business on the pan American (Caribbean and Central America) region. Market report A successful bid for the group, which is moving headquarters from Holborn in London to Miami, could leave new chief executive Phil Bentley in limbo. The former British Gas chief, who made himself extremely unpopular when he oversaw a doubling in household bills while in charge of the energy giant, takes charge of the telecoms group in the New Year. Bentley apparently starts on a basic salary of £800,000 a year with a bonus worth up to £1.2million and other share awards worth north of £1million, based on performance. More... Share dealing: £12.50 flat-fee with low cost dividend reinvestment. Find out more What are the odds on there being another clause in his contract which gives him a tasty lump sum pay-out in the event of a takeover and if his services are no longer required? Remember, he is believed to have received pay, perks and pension worth up to £13million when he quit British Gas earlier this year after failing to get the top chief executive job. Read more: http://www.dailymail.co.uk/money/markets/article-2524913/MARKET-REPORT-City-gets-excited-media-giant-Liberty-Global-mulls-C-W-bid.html#ixzz2ngWnUm7e Follow us: @MailOnline on Twitter | DailyMail on Facebook
First we need to prove we can make a profit on sales of jack up rigs. Then we need to convert bid pipeline into actual sales without reducing turnover.Then comes a dividend.Its Mildly encouraging - Nothing more
First we need to prove we can make a profit on sales of jack up rigs. Then comes a dividend
Agree with everything you say except I see the bid premium in telecoms from an American purchaser at over 50% eg a take out price above 70p
Managment change and IMS driving us Higher. Hope to see 50+ by Xmas
Any value here?I have/had 140k shares [ ouch]
Fundamental look good BUT market sentiment and USA and overvalued dollar will determine price into 2014
What are revenue and order book doing ? are they still falling as a result of North Sea withdrawal?
Early indications are strong results. Should head higher
Looking good for T/O and revenue and Profits.Should go higher if it can escape write downs and re-build capital base as its one of a number that are still too big to fail
LAST TIME IT WAS THIS HIGH WAS AUGUST 2011. YEARS BEFORE THAT IT WAS OVER £11.00 Try using the Share Charts above
Understand where some of you are coming from on share value but look at the fundamentals. In most other Industries this would be 450 plus. It needs a gradual re rating IMHO and should drift above 400 next year as the market recovers to 6700 and Gold falls to $1100-1200 range 31 Dec '12 31 Dec '11 31 Dec '10 31 Dec '09 31 Dec '08 Operating Margin 24.98% 21.57% 33.20% 16.81% (49.83%) Return on Capital Employed n/a n/a n/a n/a n/a Dividend Cover 2.02 0.94 1.42 0.61 0.67 Dividend Yield 4.40% 6.70% 6.00% 5.70% 5.80% PE Ratio 11.20% 15.90% 11.70% 28.90% 25.60% PEG 0.10% n/a 0.10% n/a n/a Dividend per Share Growth 6.52% 6.15% 6.21% 3.99% 2.35% Net Asset Value per Share 190.64p 179.01p 183.01p 165.70p 166.77p
Interim is 5.22 per share
In 2009 at its peak the shares hit £10.50.with current interest rates all banks should be making humongous exceptional profits to repair their capital base and that is during a recession. Give it two- three years when the recovery is stronger and I can see this share over £9. The biggest gainer [ and one of the recessions furthest fallers] is however likely to be LLOYDS which I expect to triple over the next 36 months or so
It was always even money for that date at End August. Friday 30Th is Muslim prayer day and Saturday is shut for western markets.
Theygotya- Are your comments about orders coming based on general optimism- playing the statistical odds or hard facts. We have learned in the past they can always book orders but the task now for all these new VPs is to make sure they tender at a profit and bring projects in on or below cost. That takes Skill , Competence and Knowledge and frankly I do wonder if the latest crop of VPs are anything more than Political Tim nice but Dims. Hope I'm wrong but lets be frank the company is presently at best stalling in a slack market and in reality eating into its order book with high fixed costs