Cable & Wireless Recoveries17 Feb 2013 10:25
I bought both CWC and CWW when they split and it seemed a disaster. Both dropped through the floor and into the basement. Then Vodafone came along and gave me a small profit on CWW to add to my dividends. Now CWC has suddenly become quite a dynamic group, with sensible policies that seem to be working. There is even talk of a possible take over. Though I regard that possibility as quite low this year, I think these shares could reach 60p before Christmas. Richard Laphome, Tony Rice, Tim Pennington and Simon Ball are driving very determinedly and their sat-nav seems well set. I'm in the black at last and looking forward to a dividend of over 10%, or am I dreaming again...