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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 74.60 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
02/8/2015 11:01 | It seems a bit strange to take out a loan at 6.875% in days of low interest rates. What rate were they paying on the old loan, and how much do they earn on the business? | djwr100 | |
21/7/2015 09:22 | Before Interest rates begin to rise I would like to see CWC reduce their massive debt pile by at least 50%. | loganair | |
21/7/2015 07:51 | Yes steady it goes as expected. The Columbus acquisition provides the future here. Once fully integrated should be a well streamlined growth business. Happy long term holder. | nigelmoat | |
21/7/2015 07:31 | they're OK, but I'm not blown away by them. Columbus itself seems to be performing OK, but still stuck on govt. contracts. " However there continued to be delays in awarding Government contracts in the First Quarter. Colombia performance was up 28%, aided by the Promitel acquisition in May 2014, whilst revenue in other Latin American markets, excluding Colombia, grew organically by 26%." | leeson31 | |
21/7/2015 07:01 | Highlights · Group revenue of US$583 million, up 4% o CWC (excluding Columbus) revenue grew by 2%, Columbus up 12% · Mobile revenue flat against prior year with mobile data up 16% and 5% subscriber growth o LIME revenue growth of 10%, offset by a 9% decline in BTC due to reduced roaming rates · 7% broadband and 2% video subscriber growth across Group · Managed services revenue grew by 14% but Government contract awards in Panama were slow · Integration progressing well; new management and organisation in place - c.140 management FTEs identified as leavers | skinny | |
20/7/2015 09:32 | Q1 Trading update due here tomorrow. | nigelmoat | |
16/7/2015 16:22 | dividend is to be paid on 7 August 2015, 1.7125p/share | leeson31 | |
08/7/2015 08:07 | thx Skinny. I see the gap at 65.5p filled y/day... TU on 21st July.. if good, then perhaps the GS PT 83p maybe 'on'. big upside if so... cheers | leeson31 | |
08/7/2015 07:59 | Goldman Sachs Buy 65.25 65.25 70.00 83.00 Reiterates | skinny | |
07/7/2015 11:59 | On Tuesday 21 July 2015 at 07:30 (BST) Cable & Wireless Communications Plc will release its trading update for the three months ended 30 June 2015. | skinny | |
18/6/2015 17:24 | Big volume traded today, 75 million with three trades of 30m, 15m and 22m. Would be interesting to know who. May be an RNS tomorrow. | edale | |
08/6/2015 17:01 | What the yield at the moment? | trulyscrumptious | |
21/5/2015 11:40 | fair enough. cheers | leeson31 | |
21/5/2015 11:21 | No, not short. Rather, wait for levels that more reflect the prospects for the company. IMO this would be around 53p. (my calculation, so any coincidence with Deutsche bank target is just that) Again IMO share price will probably hold until ex div date 28/5 then with no further incentive should drop back to more realistic levels Let me say, I think long-term prospects are fair to good but do not discount how much mileage we have had on the swift rise from 43 to 71p. This is a rise of 65% in 6 mths. Consolidation back to reality is likely. | prokartace | |
21/5/2015 08:58 | i take it you'll be short from these levels then? fair doo's re debt comments... but at the end of the day, its how the market takes it, and the share price in the next few weeks imo will relfect if its taken well or not. cheers | leeson31 | |
21/5/2015 08:55 | Darius, firstly glad to see you have realised that the interest rate they are paying is above 5%. This is pretty standard for a company with a bad S&P rating. This rating is at this level BECAUSE the company is seen to have excessive debt and does not manage its debt well. Secondly I did see the interest rate charge for the year and this only underlines what I have been saying. The debt for the Columbus purchase has only just arrived and was approved in March. This means that over $1.5 bil of the debt were only on the books for a couple of months in the 2014/15 financial year so we can look forward to a huge jump in net interest paid for 2015/16 | prokartace | |
20/5/2015 16:56 | IC - Higher mobile and broadband sales, along with cost reductions, fuelled a 7 per cent rise in adjusted cash profits to $585m (£377m) at Cable & Wireless Communications. But investors sent the Caribbean and Central American telco's shares down 1 per cent on news that recently acquired Columbus International posted cash profits of $255m, about 7 per cent behind expectations. That led management to forecast an earnings decline this year. Deutsche Bank analysts cut their forecast cash profits by about 6 per cent to $525m, giving EPS of 3¢ (from $585m and 5¢ in 2015). IC VIEW: Project Marlin and the Columbus acquisition should underpin CWC's long-term growth. Although its shares have risen strongly this year, the group's enterprise value is 7 times consensus forward cash profits, in line with international peers. Hold. | loganair | |
20/5/2015 15:35 | Prokartface From 2014/15 accounts Interest paid (82)(122) Where 82 million dollars was the interest 2014/15 and 122m 2013/14 That shows to me that interest payments on debt reduced by around 33%. Debt on the balance sheet is reported as As part of the Columbus acquisition, we raised financing comprised of US$390 million secured and US$300 million unsecured term loans maturing on 31 March 2017. Additionally, we replaced our US$487 million revolving credit facility (RCF) with a new US$570 million RCF that matures five years from the Columbus acquisition closing date. Consolidated net debt as at 31 March 2015 was US$2,366 million with proportionate net debt of US$2,263 million representing 3.6x proportionate EBITDA, combined with the Columbus business for the year ended 31 March 2015. Our target leverage for the Group is 2.5x to 3.0x proportionate net debt to proportionate EBITDA. Following the Columbus acquisition, the debt profile of the Group has changed significantly due to the new financing of US$690 million and assumed existing Columbus debt of US$1.25 billion. Management are focussed on ensuring that the Group maintains appropriate compliance with covenants included within relevant financing agreements, reviewing key ratios relating to leverage and gearing and monitoring operational cash flows. Now 2.5 to 3.0 x proportionate net debt is not extravagant and is certainly way less than my company and we still do not know the current overall interest rate they are paying. But for the year to 31st March 2014 it was 14.26% gross. Which, I agree, does seem somewhat high but clearly manageable to the extent that the board considered that they could take on more debt for the Columbus acquisition and were paying down debt significantly till taking over Columbus. | darias | |
20/5/2015 11:05 | When one company takes over another I much prefer a Rights Issue to fund and pay for the company as Rolls-Royce did a few years back when it took over Alison rather than taking on further debt that has to have interest paid on. | loganair | |
20/5/2015 10:53 | My feelings exactly Loganair | prokartace | |
20/5/2015 10:24 | Over the past couple of years CWC has spent a great deal of time, effort and energy in paying down its debt and I'm not happy that CWC took on so much debt when taking over Columbus. | loganair | |
20/5/2015 10:01 | Darius, I do not make assumptions without checking my figures for some concrete evidence before I put it in writing, unlike you I suspect. Around $ 600mil of the fixed rate debt is paying interest between 8.625 and 8.75% please check this link From this I deduce that with agreements with bank facilities below 5% they may be able to average 5% on their debt. This is an optimist assumption | prokartace | |
20/5/2015 09:08 | Reminder- results webcast at 9 30 at: no doubt the analysts will be asking some of the things mentioned above. | sharw | |
20/5/2015 09:04 | prokartace "If we assume that their financing cost is 5%". That is a big assumption in these low interest rate times. I finance my business at around 3.25% with a mortgage on my house of 3.99%. There is custom out there, a virtual monopoly in the Windies and a product that modern commerce demands. With global low interest rates why do you think that they are paying 5%. I accept that we do not know the interest rates but if it was 4% that would reduce their bill by $29mil (your figures) and that money would go straight to the bottom line thus increasing profit by 10% to $2b. I do not know what interest they are paying on their debt but, with respect, neither do you. I do believe that it is a lot less than 5% and if they are paying 5% then I for one would contribute to a rights issue to reduce that debt! | darias | |
20/5/2015 08:34 | Happy long term holder and used this mornings dip for a top up. | nigelmoat |
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