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Thanks for your comment, which I respect and so far you are right, apart from the rise on Monday morning. I actually on balance agreed with you particularly when I realised that the share part of Schneider's offer was of French shares on the Paris Bourse which as far as I am concerned are of no interest whatsoever. I gather that UK funds can only invest in UK shares so I am not alone. This would suggest that an all cash deal would be preferable so if I were a rival bidder I woiuld be offering less than 505p but all in cash. I sold on Monday as sp came off its best at 517p or thereabouts. I could have had that had I not waited but fortunately hit the button before it got substantially lower..
Anybody know why the sp has come back sharply in the last few days and in aprticular today. Sector peers all rising. Is it just thin trading or something else despite the good results recently?
Take it and run or wait for a better deal? Surprised that BoD incicating acceptance so quickly. Any views anybody?
I agree with you. We have seen quite a few ups and downs of late and it would be good if sp could get up to 50 or even 45 but the Market is getting redder by the day which does not help. Sit tight and hope I guess
Per CWC website it's 2.67 US cents ie 1.77 GB pence per share . Good to see that share price is fairly stable despite ex div and the general market weakness.
Fingers crossed for the big div. I wonder how many people will use the special div to buy more shares thus driving the price up albeit temporarily. Sit tight I guess!! I think probably worth buying more once price settles post div.
Thanks for that. Seemed to settle around the 350 mark but now it's down again to approaching 340. Probbaly as you say going with the flow but hope no hidden hiccups round the corner! I suppose that approvals all create uncertainty and the Market does not like uncertainty.
Anybody know why the sp has dropped 20p in the last few days including 10p today? Could not find anything from usual sources.
Do you have a link to the Sunday Times Article pse or what did they say?
I had the same business with the website which was down around 8 am yesterday and for some time after that. This is not the way to conduct business and treat shareholders. I have sold out as much on principle as anything else. I have had shares in RSA for years but really feel shafted by them, apart from the divs over the years although they take 3 months from ex-div date to pay which is long. The Statement was flannel as the figures were rotten!. Sentiment should not enter the business of investing but sometimes it cannot be helped., I assume that people woill now buy RSA for capital growth as opposed to income provided the price is right ie in my book around £1. I also take the view that Aviva hasving already cut its div about a year ago should not be compared with RSA and has been slashed unnecessarily - at least I hope so as March 7 is their day. and I don't want to see their shares doing an RSA!
27 March is ex-div date as far as I can tell. Aviva is 20 March and their figures are out on 7 March. Exciting times!
Not very good with the crystal ball having upped the target price yesterday. Press Release on RSA website does not look so bad but puts a good gloss on the figures. Lower dividends are prudent but could see sp down. No profits warning - just lower profits! Not sure when warnings are supposed to be given but press release implies that profits as previously anticipated. Aviva cut their div by 25% last year and have survived. Must admit am nervous of selling precipitately in case both RSA and Aviva recover more quickly than anticipated. Probably a good buying opportunity within the next few days but then one has to have the money to do so. GLA.
I wonder who is right! The shares have come back quite a bit since the announcement. I rather agree with Legaland gullible and just sit tight. and see what happens. Time in the market rather thanm timimg of the market. All a bit of a gamble anyway. GLA
Crept up to 39p now - if they firm up Macau sale could be in the 40s - what is your target L+G? I am going for 85p although not sure why. I like this share because it pays a decent div and has been moving up steadil;y. As to tcg I have been in and out of that too many times thus reducing my profit with great efficiency. Like you _dtv I am on about 30/35% profit but half of that unrealised although had I stuck it out i would have more than doubled my original stake. Am trying to keep my finger off the sell button but I agree with you that it is a strain on the nerves. I actually believe that tcg will succeed and that Leisure is good news as people want to escape from all of life's problems. I also hold Cineworld for the same reason and which has served me well. Best of luck and sleep well L+G.
...for that very helpful information. Must confess that I have not been following CWC particularly closely recently (too bound up watching Thomas Cook going North and hoping it stays on track despite its debts) save to buy some more a few days before Christmas at 35.86p basically because I believe in the company. I must admit that I thought that Macau was a done deal but clearly I jumped the gun. Sounds like a good couple of days for CWC which is certainly reflected in the sp. with more goodies in store. All very encouraging. Legalandgullible will be well surprised when he emerges from hibernation in the Spring - let's hope. GLAi
Pleased to report that during your current hibernation sp has started to hover around 37-38p as opposed to your 36-37p. It's all very gradual but going the right way. I do not know what is behind this apart from the upward trend of the market but I would like to think that a slimmed down CWC will find favour with investors and could of course be ripe for a bid from who knows where. I have had these shares for a long time and am sticking with them in the hope of greater things and indeed to enjoy the still handsome dividend even if it is now in single figures! GLA
Look at the LSE SP Charts over 1 month, 3months, 6 months and 1 year for CWC and apply the "Trend line with Standard Deviation" and then try to draw a conclusion. My guess is that the peaks were at the time the news of Macau and Monte Carlo & Islands deals respectively was first published. More research to be done by some brave soul! GLA
L+G thanks for calcs which I am sure we all appreciate. I think you've got it in a nutshell. Both deals have been discussed in the press for a time now and surely some of the attraction of these deals was factored into the sp before the recent further rise. The market is prone to react on rumour and more strongly on done deals. When the Macau deal is formally announced the sp will probably go up a bit and hopefully when both deals are completed the sp will go up further on certainty. I could not access the FT report but they are about a month behind re Macau. I find Google Alerts give me a load of helpful info as it comes through. I have been increasing my holding here and as you know that goes back a fair bit. I always preferred this half of the old Cable and Wireless and still think that the potential upside is greater than the profit made by at least some on CWW, quite apart from the fact that dividends over the last year (or is it 2 or more?) have been excellent at 12-14% although now back to the higher end of normal (which is safer).
Hope Harry Stevenson's analysis is correct. I bought in high some time ago and ever since the Egyptian problems and future profits warning etc I have been regretting it. Cheered to read the bullish reports on this Board and will hang in there with what I have left. I preferred to take a hit and make the money up elsewhere and in shares which pay a reasonable dividend unlike BG
How good to hear from you l+g. Yes I am fine thanks - still dabbling! Have been trying to recover from buying BG some months back when they were looking good. Yes you have a good memory. In fact I came out of ISYS at the end of June and for some reason went straight back in again a few days later at a slightly higher price. Just liked the shares and missed them! Actually 2nd time round bought marginally more. Good thing too. I know what you mean about AIM - my non ISA account is in the red because of that market aided and abetted by BG and their Egyptian fiasco. I am still in ISYS but at a reduced holding having taken some cash profit for Christmas. Also made some money on TCG and still waiting to do so on CWC - fingers crossed. Keep well and have a good end of year.