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CWC Cable&Wire Com

74.60
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cable&Wire Com LSE:CWC London Ordinary Share GB00B5KKT968 ORD USD0.05
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 74.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 74.60 GBX

Cable&Wire Com (CWC) Latest News

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Cable&Wire Com (CWC) Discussions and Chat

Cable&Wire Com Forums and Chat

Date Time Title Posts
14/6/201610:55Cable & Wireless Communications1,603
25/9/201215:12Cable & Wireless Communications244
09/8/201205:16Cable & Wireless Communications61
06/4/201020:06CABLE & WIRELESS Communications split makes parts "BID TARGETS"15
29/3/201013:35Cable & Wireless Worldwide36

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Cable&Wire Com (CWC) Most Recent Trades

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Cable&Wire Com (CWC) Top Chat Posts

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Posted at 14/6/2016 09:55 by morro
It seems all certificated shares have been converted into non certificated form and are held by Computershare. If you wish to transfer to another broker they will charge £25 per share type. So it appears that shareholders were given no choice in this and were not given the opportunity to have shares held by a lower commission broker.
Posted at 31/5/2016 12:21 by sharw
goodman - if you did not sell your CWC shares before they were delisted and if you did not elect for one of the alternatives you will receive the standard which is:

for each CWC Share:
0.00830064 New Liberty Global Class A Ordinary Shares and
0.02032149 New Liberty Global Class C Ordinary Shares and
the Special Dividend.

As I pointed out before you cannot receive a fraction of a share and brokers vary as to whether they keep any compensation for a fraction or pass it on to you.

The 'A' and 'C' shares are traded on NASDAQ under tickers LBTYA and LBTYK and last closed at $37.31 and $36.13

So, if you had 1000 CWC you will now have 8 LBTYA and 20 LBTK worth $1021.08 (about 70p per old CWC share).

You can check the latest price here:
Posted at 30/5/2016 20:24 by goodman
sharw your 1594 post, 234 pages of ifs and buts that has got my mind going around and have now to admit defeat, so the question is what was the $ price arrived at and the price of the cwc share,if you accept the offer of A & C shares.
Posted at 01/4/2016 17:08 by wictod369
I'm still holding but can't make head nor tail of what's going on. I got my shares as part of CWC Employee share scheme. Is there a cutoff date where i wont be able to sell and get converted into Liberty stock?
Posted at 31/3/2016 15:11 by sharw
Like djwr100 I sold out last year as I did not want to wait 6 months for non-LSE traded shares. Since then the CWC share price has tracked the shares it will convert into, usually one or two pence below. I see that the scheme document has now been published and so, as promised, the equivalent value of a CWC share is being published on a daily basis (78.53p for the basic offer as at last night's close).
Posted at 23/11/2015 07:46 by skinny
Recommended Acquisition

of

Cable & Wireless Communications Plc ("CWC")

by

Liberty Global plc ("Liberty Global")

On 16 November, 2015 the Liberty Global Directors and the CWC Directors announced that they had reached agreement regarding the terms of a recommended acquisition through which Liberty Global will acquire the entire issued and to be issued share capital of CWC (the "Offer Announcement").

Illustrative calculations of Exchange Ratio and Alternative Exchange Ratio

CWC intends to provide CWC Shareholders with illustrative calculations of the Exchange Ratio and the Alternative Exchange Ratio on a weekly basis until the Scheme Document is posted to CWC Shareholders, and on a daily basis (on business days only) thereafter, in each case until the Exchange Ratio Calculation Time.

Accordingly, CWC announces today details of the Exchange Ratio and the Alternative Exchange Ratio as if the Exchange Ratio Calculation Time were 23 November 2015. CWC Shareholders should note that this is for illustrative purposes only and that the Exchange Ratio Calculation Time is not, and will not be, 23 November 2015.

The Exchange Ratio Calculation Time, and accordingly the Exchange Ratio and the Alternative Exchange Ratio, will be determined as described in the Offer Announcement and as will be set out in the Scheme Document.

CWC Shareholders are advised to read the Scheme Document carefully once it has been despatched, which is currently expected to be within 4 months of the date of the Offer Announcement.


Illustrative calculations as at 23 November 2015

If the Exchange Ratio Calculation Time were 23 November 2015 (being the date of this announcement), under the terms of the Transaction, the Exchange Ratio and the Alternative Exchange Ratio would be calculated such that:

· under the Recommended Offer, CWC Shareholders would be entitled to receive, for each CWC Share, 0.008301 New Liberty Global Class A Ordinary Shares and 0.020321 New Liberty Global Class C Ordinary Shares, as well as the Special Dividend;

· under the First Dual Share Alternative, CWC Shareholders would be entitled to receive, for each CWC Share, 0.005593 New Liberty Global Class A Ordinary Shares, 0.013693 New Liberty Global Class C Ordinary Shares, 0.002343 New LiLAC Class A Ordinary Shares and 0.005739 New LiLAC Class C Ordinary Shares, as well as the Special Dividend; and

· under the Second Dual Share Alternative, CWC Shareholders would be entitled to receive, for each CWC Share 0.004601 New Liberty Global Class A Ordinary Shares, 0.011265 New Liberty Global Class C Ordinary Shares, 0.002343 New LiLAC Class A Ordinary Shares and 0.005739 New LiLAC Class C Ordinary Shares, as well as the Special Dividend.

At such illustrative Exchange Ratio and Alternative Exchange Ratio:
· the consideration under the Recommended Offer would represent an indicative value of 81.03 pence per CWC Share (including the Special Dividend and using the Closing Price of Liberty Global Shares on 20 November 2015);
· the consideration under the First Dual Share Alternative would represent an indicative value of 75.86 pence per CWC Share (including the Special Dividend and using the Closing Price of Liberty Global Shares on 20 November 2015); and
· the consideration under the Second Dual Share Alternative would represent an indicative value of 66.54 pence per CWC Share (including the Special Dividend and using the Closing Price of Liberty Global Shares on 20 November 2015),
based on the following:
· the Closing Price of $42.79 per Liberty Global Class A Ordinary Share on 20 November 2015;
· the Closing Price of $40.86 per Liberty Global Class C Ordinary Share on 20 November 2015;
· the Closing Price of $37.81 per LiLAC Class A Ordinary Share on 20 November 2015;
· the Closing Price of $38.27 per LiLAC Class C Ordinary Share on 20 November 2015;
· a volume weighted average price of $43.86 per Liberty Global Class A Ordinary Share over the 10-day period ending on and including 20 November 2015;
· a volume weighted average price of $42.08 per Liberty Global Class C Ordinary Share over the 10-day period ending on and including 20 November 2015;
· an exchange rate of 1.5194 USD per 1 GBP;
· as at the close of business on 20 November 2015, CWC had 4,438,594,233 shares in issue and outstanding on a fully diluted basis;
· the assumption that no CWC Shareholders who elect for the Recommended Offer also elect for the LiLAC Alternative.
Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in this Announcement.
Posted at 17/11/2015 08:09 by loganair
Currently the CWC share price is the take-over price without the 3p Special Dividend.
Posted at 17/11/2015 00:05 by sharw
This is going to get complicated folks:

"Under the Recommended Offer, which shall be subject to the Conditions and certain further terms set out in Appendix I to this announcement and to be set out in the Scheme Document, CWC Shareholders shall be entitled to receive, for each CWC Share:
• a number of New Liberty Global Class A Ordinary Shares as determined by the Exchange
Ratio, such number not to be lower than 0.007921 and not to exceed 0.008301; and
• a number of New Liberty Global Class C Ordinary Shares as determined by the Exchange
Ratio, such number not to be lower than 0.019391 and not to exceed 0.020321.
CWC Shareholders who validly elect to receive the Recommended Offer and who are on the register of members of CWC at 6 p.m. (London time) on the Business Day immediately prior to the Effective Date will also be entitled to receive the Special Dividend".

"As part of the Recommended Offer, Liberty will propose a LiLAC Alternative which will allow CWC Shareholders who are entitled to the Recommended Offer to elect to receive New LiLAC Ordinary Shares by reference to the LiLAC Exchange Ratio up to their pro rata entitlement (against their/ holdings of CWC Shares) of the New Liberty Global Ordinary Shares to which they would be entitled under the Recommended Offer. Any such election will be subject to being scaled down a nearly as reasonably practicable pro rata to the size of such elections for the LiLAC Alternative an the size of elections made for either of the Dual Share Alternatives.
If any such valid elections for the LiLAC Alternative are made, the entitlement to receive LiLAC Ordinary Shares under the Dual Share Alternatives will be scaled down as nearly as reasonably practicable pro rata to the size of such elections for the LiLAC Alternative and the size of election made for either of the Dual Share Alternatives, such that those CWC Shareholders electing for the Dual Share Alternatives would receive fewer New LiLAC Ordinary Shares and a greater number of New Liberty Global Ordinary Shares, by reference to the LiLAC Exchange Ratio. The LiLAC Alternative will not be available to shareholders who elect for the First Dual Share Alternative or the Second Dual Share Alternative".

Can I plead (probably falling on deaf ears but there is always hope) that this board is not overwhelmed by multiple "what does it all mean" or "what if I elect for X" posts. If you don't want to receive Liberty Global class A or C shares and/or LiLAC shares then just sell CWC before the deadline.
Posted at 16/11/2015 21:39 by darias
The Liberty Global Directors and the CWC Directors are pleased to announce that they have reached agreement regarding the terms of a recommended acquisition through which Liberty Global will acquire the entire issued and to be issued share capital of CWC.

-- Under the terms of the Transaction, the consideration for CWC will comprise up to approximately 31.7 million Liberty Global Class A Ordinary Shares, 77.5 million Liberty Global Class C Ordinary Shares, 3.6 million LiLAC Class A Ordinary Shares and 8.9 million LiLAC Class C Ordinary Shares. In addition, CWC will pay a special dividend in the amount of 3.00 pence per CWC Share upon closing (the "Special Dividend").

-- The aggregate consideration under the Transaction, taking into account the Special Dividend, represents a value for CWC's entire issued and to be issued share capital, as at 13 November 2015, being the last practicable date prior to this announcement, of approximately GBP3.60 billion,(1) based on 4,438,594,233 CWC Shares in issue and to be issued on 13 November 2015, being the last practicable date prior to the date of this announcement, and the Exchange Rate. The aggregate consideration implies a value of 81.04 pence per CWC Share, representing a premium of approximately 40 per cent. to the Closing Price of 58.00 pence per CWC Share on the 21 October 2015 (being the day immediately prior to the Announcement of a possible offer by Liberty Global for CWC). The actual value received by each CWC Shareholder will depend upon whether CWC Shareholders elect for the Recommended Offer, the LiLAC Alternative or one of the Dual Share Alternatives (details of which are set out in this announcement) and the relevant price of Liberty Global Shares.
Posted at 07/11/2015 17:59 by loganair
First-half figures from Cable & Wireless Communications (CWC) were eclipsed by news that Liberty Global could soon mount a bid for the Caribbean and Latin American telco. The owner of Virgin Media now has until 19 November to make a firm offer. Jefferies analysts think the main draw is CWC's $8bn (£5.2bn) in tax assets - lossmaking operations to offset other profits - in the US and UK. They think a potential offer could reach 100p a share, valuing the group at north of $6.6bn.

Mounting competition and lower demand for landline services meant earnings fell in three of CWC's five territories, sending adjusted operating profits down 5 per cent to $215m. The sunshine in these results was the key Caribbean region, where constant-currency cash profits leapt 23 per cent to $213m as network investments attracted mobile and broadband subscribers.

CWC's directors also bumped up their predicted synergies from Columbus International, a regional peer acquired in March 2014. They now expect to save $125m in operating costs by March 2018, up from $85m. They recently rolled out bundles of TV, broadband, mobile and fixed-line services in the Caribbean under the 'Flow' brand, and are gearing up to launch Flow Sports Network, which will broadcast exclusive content such as Premier League football and the Rio Olympics in 2016.

Consensus forecast EPS for the full financial year is 3.3¢ (17.5¢ in FY2015).

IC VIEW:

CWC's forward enterprise value is less than 8 times forecast cash profits - in line with international peers. It has long underperformed, but cost-cutting measures, content investments and network improvements are starting to revitalise the business. In any case, the potential bid suggests investors shouldn't sell out yet. Hold.
Cable&Wire Com share price data is direct from the London Stock Exchange

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