Member Info for comsman

The poor performance reported this morning highlights how exposed SSE is to the vagaries of the Climate, this will become more so as following divestment of the Retail business. If SSE is to avoid repeated climate related performance shocks in the long term it will have to hook in to a new predictable energy generation capacity to augment gas generated electricity. To me, the adoption of Small Nuclear Reactors as being developed by a Rolls Royce led consortium is a good option although it’ll take ten years to achieve this. In the meantime I’m going to top-up on SSE shares and hope to offset the losses I have incurred by selling out when the SP hopefully recovers somewhat. Fingers crossed!

http://globalnetworkmap.vodafone.com

Vod's African operations are doing fine and the competition problems in India can be fixed with a merger with Idea but the UK is the black sheep of it's European operations and is experiencing the very same issues reported in the BT trading update last Friday. (The financial significance of the rest of Vod's global operations is limited.) It seems to me that Vod could fix it's UK problems and bolster its worldwide corporate operations by buying BT. This would obviously require it to divest its UK mobile operations but this could either be sold off (Liberty Global?) or floated. I am a long standing holder of Vod and the shares have really been 'treading water' since it sold off its cash cow (Verizon stake) a few years back and Vitoria Colao needs to do something big now. BT sp is currently depressed, Vod still has cash in hand and it's still cheap to borrow money right now.

LG just posted pretty annual good results with the added benefit of a one billion Euro payment from Vod for a new Dutch joint venture. Hopefully this will see LG's share price rise later today and with the current pound dollar exchange rate we should see CWC rise too. Of course what really matters for anyone holding for the LG paper is the LG price and exchange rate when the TO closes.

Kenny, don't get too panicky yet. There are months to go before the deal completes so the LG share price to which CWC is now tied (as Grayling correctly states) could well rise again. Additionally, if you intend to receive LG shares when you do dispose of the CWC share, they will eventually be sold in dollars which will the be converted into pounds. In my last post I put a link explains that the pound is expected to drop sharply later this year which could mean a much higher return.

http://www.bloomberg.com/news/articles/2016-01-14/pound-losing-the-love-has-growing-minority-seeing-1985-redux

Hi Grayling. Have decided to receive the LG paper and special divi. I appreciate that LG division are small but believe there is mediu term growth in the stock and can't think of anything better at the moment. Don't be too phased by these weekly fluctuations.

http://m.benzinga.com/article/6132649

https://www.poundsterlinglive.com/exchange-rate-forecasts/2989-pound-to-dollar-shock-forecast-abn-amro-34343

There are predictions that suggest the dollar will rise significantly next year which could have a large affect on the value of the Liberty Global paper for those intending to go through with the offer. If as this article suggests one pound will only be worth $1.25 next year then I calculated the value of a single CWC share as being 96 pence. What to do??? http://www.nytimes.com/2015/11/21/business/dealbook/cable-wireless-looks-past-john-malones-complex-deal.html?_r=0

http://www.nytimes.com/2015/11/21/business/dealbook/cable-wireless-looks-past-john-malones-complex-deal.html?_r=0

http://www.cwc.com/news-and-media/press-releases/faster-growth-and-enhanced-customer-benefits-expected-from-proposed-liberty-global-acquisition-of-cwc.html

http://otp.investis.com/clients/uk/cable-and-wireless/rns/regulatory-story.aspx?cid=443&newsid=593810

http://otp.investis.com/clients/uk/cable-and-wireless/rns/regulatory-story.aspx?cid=443&newsid=593810

Grayling, I'm going to sit tight for a while. I have only 'enjoyed' one previous TO and that was when VOD bought out CWW for a really meagre amount. However, I do remember the SP gradually rising to within a single percent of the offer price up until the deal closed. Now I appreciate the paper element of any Liberty bid will complicate things for the average investor like us and I totally agree with your income sentiment etc, but that said I do think there will be professional investors who are set up to handle US paper and will be interested in making a few percent in a relatively short period. I therefore think the SP will move toward a couple of pence of the 85/86p that is being suggested and that's probably when I will sell. GL

Hi Grayling, seems you are spot on with your estimate, traders are saying 85p although I read some reports of a cash and shares deal. (I have been waiting patiently for more than four years for this TO) GLA http://www.lse.co.uk/ShareNews.asp?shareprice=CWC&code=28m42wm7&headline=BUZZCable__Wireless_continues_rally_after_confirming_Liberty_Global_approach

http://www.wsj.com/articles/malones-liberty-global-in-talks-to-buy-cable-wireless-communications-1445528255 In addition to this article there have been two price monitoring extensions on the stock today, although I must admit I do not know what the implications of these are. GLA

What IPO? :)

http://www.thedeal.com/content/tmt/cable-one-and-liberty-globals-lilac-join-frenzied-pay-tv-market.php Just need a little patience here.

http://www.dakotafinancialnews.com/cable-and-wireless-communications-plc-price-target-raised-to-gbx-83-at-goldman-sachs-cwc/243605/