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Thanks a lot. It would be good to know. I have Google Alerts up and running but they only seem to report every day at 8 am! I guess the Bahamas are about 7 hours behind England so we have to be patient. Hope the deal is ok and that the Govt do not remege upon it in another year! I also agree that an RNS is more than likely.. CWC's own website is not a great deal of help either.
Any idea what has been agreed? News due about now? To a degree a pistol was held to CWC's corporate head otherwise there would have been no negotiations! Am optimistic that Phil Bentley will move CWC in the right direction. Take over of course always a possibility as presumably the Americans would prefer to control Central American telephones in their own back yard so to speak..
Thanks for helpful posts. I am inclined to hold and also hope that T&L have the wits to put out a bit of positive media news to stop this sort of misguided lack of confidence by the market. It is more a growth share - I hope - the div is presently just shy of 3.5% and of course if it gets to 800p plus then the yield will be closer to 3.2%. On the other hand anuything over 3% is not bad although I prefer like Apprentice DRL to look at 4 plus % or even 5 without incurring the risk of buying a dodgy share. Got caught by Man Group when it was yielding 10% - no such thing as a free lunch! As you say research necessary but my gut feeling is positive, but that is no guide!.
Thanks a lot for that. Had not seen or found that article. Must confess that I do not blame the campaigners but thought TandL dealt more with sugar substitutes anyway. As you say market is jittery about anything and despite today's further fall I guess that this will work itself out. Probaly is time to get in but fully invested so sitting tight. Thanks again.
It seems that CWC are stuck with these but Monaco makes good money. Not sure about Seychelles. Monaco is a tax haven and that must create a lot of internet and telephone traffic as in many of the Caribbean islands/places. Presumably if CWC were taken over as a unit then Monaco and Seychelles would not be a problem. Divestment as separate entities does not seem so easy!. My hope is that CWC will do what it says by developing the Caribbean network into the best local operator. Mr Bentley seems confident having apparently matched his golden hello with an equal amount of shares from his own resources. Mark Wilson the incoming CEO of Aviva bought a bundle of shares in the company as did the Directors of Thomas Cook which always instills confidence. I think that every effort will be made to make CWC the prime force in the Caribbean and hopefully this will lead onwards and upwards. The dividend has been generous recently and the sp is back to somwewhere near its price at the demerger with Cable and Wireless. I am cautiously optimistic and have bought more shares but DYOR. GLA
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
no news and SP drifting. Will it hold above 50p if nothing emerges or denials made by CWC. Flip of a coin I guess but the company seems to be doing well in its own right and the new boss starts soon and he will want to prove himself
Hope it's not VOD as their t/o of Cable and Wireless was on very shabby terms. Could also be Tata who had a go at CW but failed to raise the steam. Perhaps they are better organised this time. Hope somebody comes clean soon! The 64000 dollar question is if no bidder materialises will the price remain in the 50s or higher as by now the market must be more aware of the potential of CWC. My inclination is to hold on and see what happens. I have already sold some at the beginning of the rise - too early as it transpires so keeping the remainder pro tem. DYR and GLA
Have you tried small trades on HL? Not the most widely traded of shares but probably easier to trade in small chunks. Looking positibve again after recent sharp fall - fingers crossed for better things. Anybody know or understand why all house - builders have dropped sharply regardless of results such a those of Persimmon which were excellent
I am wondering about the divi too. They talk about the reduced return on equity being below 10% - not sure what that means but could be that even if not a drop in divi there will not be an increase either. Also I don't like the bit about re-evaluating their Irish business suggesting that it is under-reserved in relation to claims and that could be serious. Those 2 problems apart the company has done well increasing premium income and they were unlucky with the weather. Nevertheless insurance is all about risk and I am somehat sceptical at the fact that it was not better managed. I have been in RSA for a long time and am slowly becoming disenchanted despite the TO possibilities. Trouble is if you sell today somebody will offer TO the next. Such is life. GLA
It seems that regulatory approval for the Monaco sale has not been forthcoming from the Principality of Monaco. When the deal was struck Batelco acquired a 25% shareholding in Compagnie Monegasque de Communication SAM(“CMC”)owned by CWC, which holds a 55% interest in Monaco Telecom. If approval is not forthcoming Batelco has I believe an option to sell back to CWC that 25% holding at an agreed price. Not sure if CWC can force such a sale back under those circs ie is it a 2 way or one way option (if I am right that it exists!)? The comment in the last interim management statement from CWC was terse and included the Seychelles operation - "We are continuing to progress the Seychelles and Monaco disposalsbut at this time there is no further update" I have not seen anything since then. There is also a fuss in I believ the Bahamas where the Government feels it has been hard done by and should not have sold a majority stake in its Telecoms business to CWC. Mr Bentley therefore has one or two matters of importance to iron out. If he can do so and I am optimistic that he can then we should be looking at a higher sp and a more valuable company to be taken over. I was also a shareholder in CWW and disappointed at the low TO price. I hope that Mr Bentley will do considerably better if it does come to a TO which like Comsman I think is very much on the cards . GLA; DYOR etc... ..
Deutsche Bank have today reiterated buy with target of 57p. Perhaps they have high hopes of Phil Bentley or of interim management statement on Nov 7 or both. I am optimistic and not being able to sell Monaco because of local objections is probably a blessing in disguise as it is such a good earner. Will be interesting to see what happens when HO moves to Florida. My guess is a TO from somebody in the States such as Columbus.
A lot of sells in the last few days and no buys despite all the good vibes. Let's hope things improve with the market although the likes of Barratt, TW etc are already on their way up! What is keeping TRAF back? After all it was nearly 6p only about a week ago. Keep the faih I guess although it would be nice to know a few reasons for the current doldrums.
Your considered comments again much appreciated. I agree that percentage upside greater in Traf than the larger companies but so I guess is the risk. All these things are cyclical and the trick is to spot when the cycle is going down and then jump off. Meanwhile I am for holding Traf as house building at the moment seems to be good news. Tried to see what the buying and selling quotes were just now and in small quantities one can buy for 5p and sell for 4.75p.
Thanks for helpful comments. The only point I would make is that at one stage yesterday morning one could sell for 5.75p approx and now (just checked) one can buy for 5.09p although I am not sure what quantities were available either way. I agree that this is a hold and that playing about day trading is risky whilst over the long term this company and therefore the sp is going the right way. Taylor Wimpey, Persimmon and Barratts areall up today and whilst TRAF is down it is more volatile because of the thin market in its shares of which I believe 80% are held by Mr Johnson. I am happy to follow his fortunes at least until the next good rise. I have been intersted to note the events in the pipeline which are all good news.