Cable & Wireless Share Discussion Threads

[tobysam] 06/7/2012 12:19

for instance i just purchased 7775 vodafone and the charge was £236

[tobysam] 06/7/2012 12:16

ok you guys my broker is "Harris Allday" are you also saying that the charges are only £15 should i want to buy shares as well as sell them - I should mention that they are in my ISA account??

[cyan] 06/7/2012 10:42

Really shocked by your dealing cost TOBYSAM. I use selftrade paying £12.50. I am sure i could get it a little cheaper elsewhere but its just too much hassle to switch. I am going to wait till pay day. not long now.

[djwr100] 05/7/2012 18:44

Hello TS

I wondered what you were worried about, my selling cost was £11.50, I think, for about 35,000 shares. Considering my huge loss, it was peanuts. I don't know how you could have paid so much, but, in your case, it was good advice not to sell.

[sharw] 05/7/2012 16:18

Tobysam - that charge is horrendous - you need to change your broker (most of them live off inertia). The range Biggles quoted is for online dealing but even if you are dealing in certificated shares by telephone you will find cheaper - e.g. Saga (who use Barclays) charge from £25 (up to £1,000 value) to £100 (£20k+).

[tobysam] 05/7/2012 15:49

B1ggles I have no idea where you get £5-£15 dealing charges from
I just sold CW 2 weeks ago 40,640 Shares and the dealing costs were £329.91 that equates to .08 of a penny or 1.77% dealing costs

[b1ggles] 04/7/2012 09:12

Dealing charges of £5-£15 aren't really too significant compared to 0.2p off the value of 20k or 50k shares, but I've got nothing right now I want to buy into my ISA, or I'd take the money.

[tobysam] 03/7/2012 11:15

I hope you all understand that if you sell you will incure dealing costs and if you let it take its time NO DEALING COSTS ARE CHARGED so its not just a matter of points of a penny

[mida5] 26/6/2012 20:14

s50m3, IMO I think ORBIS would have found a third bidder if ever there was going to be one, it's all over for CW.

[rovernut] 26/6/2012 12:29

Perhaps VOD will withdraw and then put a lower bid in!

And the CWW board will grovellingly accept ......

[djwr100] 26/6/2012 11:26

I can't believe that there's doubt, here.

Surely, it's all fixed, now?

[s50m3] 26/6/2012 10:13

mida5: That's what I'm thinking, I was wondering if a third bidder can still come forward, or if it's past that point now.

Rovernut: According to what I was sent:

25 July 2012 Scheme Record Time
26 July 2012 Scheme Court Hearing, suspension of listing and dealings in CWW Shares and disablement of CWW Shares in Crest
27 July 2012 Effective Date
30 July 2012 Cancellation of listings and dealings in CWW Shares
30 November 2012 Latest date for Scheme to become effective. Further information
may follow in due course.

For the little I have left in there I'm almost tempted to wait it out, so that I have first-hand experience of the process.

[rovernut] 26/6/2012 09:45

The directors want to sell. (name the price we'll accept your first offer).

The majority of shareholders have agreed to sell. (thankyou Orbis)

Vod appear to have clinched an easy bargain win.

Can't see it failing now.....but I 've been very wrong before....especially on this dog.

Is there a timetable for purchasing our shares or will they torture us for months?

[djwr100] 25/6/2012 21:41

I've sold. I can't see the point in waiting.

[mida5] 25/6/2012 18:26

Sell and move on for the sake of .2 of a penny imo.

[s50m3] 25/6/2012 18:18

Please excuse my ignorance, but apart from getting exactly 38p rather than 37-3/4, is there any point in hanging onto CW now? Can the deal fall through / be bettered, or is it now as good as done?

[djwr100] 22/6/2012 21:56

In the past few months there have been many small deals, said to be the institutions holding the price down. I can't see why they shouldn't continue to buy shares for vodafone in the same way, just without the bother of selling them.

As for the risk/reward, where's the reward?

[edsthebusiness] 22/6/2012 21:03

No one said this was a risk free investment, the Risk;Reward is favourable imo.

[scotch broth] 22/6/2012 21:01

No. They are not big enough.Small investors more likely.

[djwr100] 22/6/2012 20:54

Don't you think the buys are for vodafone?

[scotch broth] 22/6/2012 20:51

Surprised how many people are still buying these.I suppose there is still the possibility of another bid and if not then the punter gets his cash back plus a small gain in due course.

[djwr100] 22/6/2012 17:14

Huh!

Ok, then, someone's got my cash. Who is it?


...maybe I'm a lemming too?

22k down on this, and 11k on the other. Almost as good as a professional, eh?

[dickbush] 22/6/2012 15:48

djwr100, you should look at the performance tables of institutionally managed funds versus their benchmarks. Not their competition's average, the index return they are paid (very well) to beat. Over the long haul, over 2/3rds underperform. They are so cr*p that you'd be better off in an index fund. Don't assume big means smart. They're a bunch of lemmings.

[jacks13] 21/6/2012 12:00

I don't know how much Orbis lost or whether they in the end lost at all.

I read somewhere that because of the arbitrage opportunity opened up by Orbis's casting doubt on the success or otherwise of the scheme vote the funds they operate were able to make money by buying CWW shares at significantly below the offer price.

In any case I presume any loss falls upon Orbis clients rather than Orbis itself.

The impression being given is that Vodaphone strolled to an easy victory and Orbis bowed to an inevitable defeat. That doesn't sit easily with the impression created by the uninvited lobbying and advice from third party sources urging shareholders to accept. There seems to have been a fair degree of doubt in the bidders camp, including CWW itself, about the outcome.

Maybe Orbis was able to get itself off the hook in the several weeks between April 23 and 18 June.

[djwr100] 21/6/2012 11:23

Well, the thing is, most of the shareholders seem to have been big holders. The small guys, like me, were in the minority.

The big holders have managed to make big gains, by clever use of their skills and cash.

Since money doesn't grow on trees, their gains must have come from the losers. The small shareholders. So, we must have individually* lost huge amounts.

I guess the lesson is to find out who the shareholders are, because if they are mostly big institutions we can expect to be taken to the cleaners. Again.

Did you notice the comment on a recent RNS saying that the company had a great heritage and a global network? So good in fact that the guys at the top had to give it away.

*Unless anyone has any information to show that the institutions made big losses, other than Orbis. How much did they lose?