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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cable&Ww | LSE:CW. | London | Ordinary Share | GB00B5WB0X89 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.92 | 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 | 37.92 | GBX |
Cable & Wireless (CW.) Share Charts1 Year Cable & Wireless Chart |
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1 Month Cable & Wireless Chart |
Intraday Cable & Wireless Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/1/2018 | 11:08 | Cable & Wireless have Ј2,600,000,000 in the bank | 288 |
| 10/8/2012 | 11:02 | Cable & Wireless Worldwide | 5,471 |
| 16/2/2012 | 14:36 | PLEASE VISIT MY THREAD, thehairydagger | 41 |
| 29/6/2011 | 14:48 | Board rip offs! | 9 |
| 21/6/2011 | 01:59 | Cable & Wireless Traders Thread Long or Short! | 7,890 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 18/6/2012 09:51 by loganair The share price now stable at around 38p, is now indicating the deal will go through.My Orbis doing what they've being doing over the past few weeks have allowed many mm's, hedge funds and bankers to make lot's of money tading the ups and down in CWW share price. Naturally somewhere down the line Orbis will have a good number of IOU's to use in the future. |
Posted at 22/5/2012 06:48 by 7kiwi djwr,Given today's financial information, can anyone see a valid reason for splitting the company 'to increase shareholder value'?> For some time the international business (CWC) was subsidising the UK business (CW.). It made sense form CWC's perspective to demerge CW. but they needed to get CW. into shape such that it was generating cash. It seems they underestimated how much cash it was capable of generating. Does the financial situation of this company justify the rewards that the management have benefited from? In my view: No. I mean has this demise suddenly happened, or should it have been apparent some time ago, when the split was being organised? CW. was on an upward trend (from a low base) after the Energis deal. But they haven't improved enough, or quickly enough. The issues in the business have been apparent for some time. Alternatively, did the split make take-over of some of the company easier, and, by chance, included a bonus for those that arranged it? Yes. Really CW. is sub-scale in the UK, and it needs a bigger player to make a go of it. Not sure about the "included a bonus" part of your question. |
Posted at 09/5/2012 15:00 by rogermauricesmith UBS and Deutsche Bank share tradingUBS (Vodafone's merchant bank) and Deutsche Bank (CW's broker) had a notably less active day on Tuesday (8th May) and guess what the share price went up. But it is the activities of Deutsche Bank as a principal in the last fortnight (since the bid was announced) that is strange. It has obviously been trading large amounts of shares in the dark pool (outside of the LSE) without reporting its activity. By a quirk of takeover rules it doesn't have to report activity daily if it doesn't deal though its own stockbroking division. Why doesn't it deal 'though its own stockbroker for its own trades? - no comment. However it does have to report to CW when it goes over (or under) certain trigger points and CW has to report that via an RNS (official LSE announcement). On Tuesday 24th April it shareholding went above 3% (we think) as CW reported it as 'going below' and 'going above' on its official form. On Wednesday 2nd May it went above 4% as CW announced that Deutsche had bought 4.53% of its shares. But by Friday 4th May it had gone below 3% again although the form was incorrectly filled in and it was impossible to see by how much. But to do that it must have sold around 50 million shares between Wednesday and Friday of last week. Why is CW's broker involved in all this activity in the stock market? And why is it dumping huge amounts of stock on certain days at stupidly low prices? It's no wonder the share price declined so much last Thursday and Friday with Deutsche selling so much stock. What is going on? |
Posted at 08/5/2012 15:56 by loganair Vodafone CWW deal hits potential road blockVodafone's agreed £1 billion takeover offer for Cable & Wireless Worldwide (CWW) will fundamentally change the face of UK telecoms if it goes ahead. Hurdles remain, more of which later, but Vodafone is now the only bidder in town after India's Tata Communications was forced to wave 'ta-ta' after failing to come up with an acceptable price. Tata is rumoured to have offered only 25p per share for CWW, whereas Vodafone has tabled what it described as a final offer of 38p per share. The benefits of the deal for Vodafone are more obvious, which is why Vodafone chief executive Vittorio Colao can afford to pay more. It's his most significant acquisition since he took the role four years ago. Colao said the acquisition would create "a leading integrated player in the enterprise segment of the UK communications market, and brings attractive cost savings to our UK and international operations." Ian Watt of Enders Analysis said that the impact of the deal, "while gradual, would reverberate for years to come". Watt identified three of the potential benefits for Vodafone: "Selling unified communications services into corporates as a single supplier; using Vodafone distribution assets (such as shops and mass-market telesales) to sell fixed services based on CWW's network to small and medium-sized businesses and rationalising the overlapping sales forces." Watt said Vodafone apparently has 'hundreds' of corporate sales people in the UK, and CWW has around 1,500, "who are currently targeting the same decision makers in the same corporate customer base". Vodafone already dominates business mobile telecoms in the UK, with around 40 per cent of small and medium-sized enterprises (SMEs) and between 50 and 70 per cent of corporate and government clients, according to Enders. "So the growth potential is likely more in fixed than mobile, given CWW's market share of roughly 20 per cent in UK corporate/government wireline telecoms and very modest presence in SME," says Watt. The other benefit for Vodafone UK is the ability to save on so-called "backhaul" costs the price it pays to other providers to carry traffic between its masts and base stations. At the moment it relies heavily on BT, but it could switch some of that traffic to CWW's underground data network, which stretches to over 20,000km in the UK alone. Analysts say the savings here are likely to be helpful but modest. They also point out that there would be a difficult period of integration during which BT and Virgin Media, which is focusing heavily on business customers, could actually benefit. Enders noted the disruption that went on after CWW bought business telecoms rival Energis, when the merged entity lost a lot of customers. But another potential plus for Vodafone is the tax losses that CWW has racked up over the years, which it might be able to make use of. Colao was cagey about that however, and it can take years to try and use tax losses, often with limited success. Right now Colao's focus is on getting the bid over the line. Vodafone and its advisors, UBS, Citigroup and JPMorgan Chase, have set the hurdle high because they are structuring the offer as a so-called "scheme of arrangement". That basically means the company needs approval from 75 per cent of voting shareholders, as opposed to the 50 plus per cent normally required under a takeover. Colao has already won the support of shareholders speaking for about 18 per cent of the shares but he's hit an unexpected hurdle in the form of CWW's biggest shareholder, Orbis Investment Management. Orbis holds more than 19 per cent of the shares, so it could effectively block the deal. Orbis says it is not happy with the offer price. That's because the CWW share price remains well below the price at which it was demerged from its sister operation Cable & Wireless Communications, which operates in several former UK colonies, back in March 2010. Orbis held 6.8 per cent of the share back then and has increased its holding at an average of 53p per share over the past two years, according to reports based on banking sources. Orbis would almost certainly realise some painful losses if the 38p per share offer is successful, so it's no wonder it is hoping for more money. It pointed out that "the proposed deal is clearly attractive for Vodafone shareholders", but said it was "concerned that the offer price does not appear to reflect the value inherent in CWW". "Although we believe the CWW management team has handled the bid process responsibly, we have declined to give an irrevocable undertaking or letter of intent to support the transaction," Orbis said in a statement. Whether the fund manager really digs its heels in remains to be seen. If Vodafone walks away, the share price will tank and Orbis may face a long wait before the share price recovers to its current level. One thing is for sure, if the bid is successful former Vodafone UK chief Gavin Darby, who now runs CWW, stands to make more than £1 million for just five months' work. |
Posted at 05/5/2012 02:52 by rogermauricesmith djwr100It appears that these shares are being sold strategically to keep the CW share price down. And very effectively too. Shares are then repurchased in the same period in a way that won't drive the price up. Certainly CW's share price has been manipulated downwards in the two weeks since the bid. Normally such takeover targets trade at a 1 or 2% premium on the basis of speculation of a higher bid or a sweetening of terms. CW is trading at a near 20% discount to a cash offer from a blue chip bidder. It's almost unprecedented and scarcely believable. |
Posted at 04/5/2012 08:50 by careful i am beginning to suspect that vod may be happy to walk away from CW.with a large holding but not full controlmaybe over 50%. They would control the company and work with the management and block other deals. hence todays share price. if this happens it will fall further. That is why the share price is below the offer. |
Posted at 04/5/2012 07:46 by msouth999 Guys - ORBIS have an easy way out and i am still totally amazed by their ongoing publicly stated position..........whWhy dont they simply BUY every available share @ todays 33p probably 32p when we open and start to AVERAGE down their position (why they didnt do it when we were at 15p level shows that someone WASNT managing the fund very well or even bothering to check the CW. share price). They have no excuse, they could easily get their average down to below the VOD 38p bid level with a bit of buying. RMS i am with you on this one VOD will acquire CW. and IMHO @ 38p declared. ORBIS will have to accept otherwise they will do a PR self destruct and fund income will decline (i think it will anyway now that they have been exposed as holding a position so remote from reality).........tha |
Posted at 03/5/2012 11:38 by rogermauricesmith CW's share priceDespite what is happening to the share price, for whatever reasosn, Vodafone has a bid on the table of 38p which it cannot reduce. If it walks away it cannot bid again for six months - so it won't do that. Vodafone has now spelt out exactly why it wants CW and it is a very compelling argument. If Orbis has no other place to go then it will accept the bid, it is not a stupid organisation and the last thing it would want to be is a minority shareholder in a Vodafone controlled CW. But just as Vodafone wants to buy CW as cheaply as possible Orbis wants to sell its shares for as much as possible. Press releases, media soundbites and backdoor whispering are great currencies at the moment for making CW's share price move (mainly downwards) with very little volume. There is absolutely no risk, and quite a bit of upside, with the share price at this level for patient holders. |
Posted at 02/5/2012 14:18 by nilla159 cw. paid £330m ? for Thus about 3 years ago because of their fibre optic cable network, this needs to be fully integrated into cw.Pension liabilities seem to be ok according to RMS. Share price was below 20p for Dec- Jan only and 50 - 60p on average before that. The below 20p scenario attracted VOD ,TATA and others.This could happen again. VOD are too straightjacketed to return and have the finger pointed at them. However if cw. went bust and VOD were invited to buy the cables etc from the receivers then I don't think that they could utilise the £5.2 Billion tax losses. The point being they are buying the company for NOTHING. It's Free.So all we are asking for as shareholders is that they are seen to be paying Something for our shares, something more than nothing.45P MAY DO IT. |
Posted at 01/5/2012 08:51 by dickbush CW. and its predecessor has gone from one set of awful management to the next over decades. There is nothing wrong with the CW. business or the long term prospects for the industry. Even after paying £100 mil into the pension fund and £40 mil on dividends, the net debt at year end should be substantially less than one times EBITDA. VOD is at 1.9 times; BT is at 1.6 times; AT&T is at 1.8 times. So, if the company needs to borrow to up its capex, there is plenty of room to do so. CW.'s EBITDA Margin is ridiculously low, probably about 17% when the results are in (assuming Darby hasn't thrown the kitchen sink at the second half). BT and AT&T are circa 27% with VOD at 31.5%. OK, so they are the big boys. But even COLT, a much smaller company,and thinly streached throughout Europe, is over 21% (over 22% without the acquisition of MarketPrizm). A good quality management should be able to achieve a mid-20's EBITDA Margin from such a geographically concentrated cost and revenue base. That's a prospective £500 mil plus of EBITDA down the road, substantial free cash flow and dividends to shareholders. VOD has talked the CW. BoD into allowing its acquisition at a knock down price. You can come to your own conclusions w.r.t. Gavin Darby's motives. But the bottom line is that Vodafone has not been asked to pay one penny for the benefits that accrue to it. Instead, CW.'s BoD has bought the argument that, without a bid, the shares will go back to 20p-or less. So by taking 38p they are doing shareholders a big favour. If, as I'm sure they will, Vodafone make full use of the accumulated UK tax losses, they will, in fact, have got the company for free, as well. After they've upped the capital spend, paid for redundancies and for finally putting Cable & Wireless UK, Energis and THUS together, and sold off the unwanted parts of the business, this is going to rank as one of the greatest corporate acquisitions in UK history-for VOD. Look out for the crowing in Vodafone's Report and Accounts for 2012. |
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