Cable & Wireless Share Discussion Threads

[dickbush] 23/5/2012 15:38

jacks13 The crown is yours.

[thehairydagger] 23/5/2012 14:06

careful, i'm sure folks sold CW. @ 33p and bought LLOY @ 33p, silly move.

[jacks13] 23/5/2012 13:59

You seem eminently qualified.

[careful] 23/5/2012 13:31

selling CW.at 34p and buying a safe bet like Tesco at 305p should be a no brainer.
why am I hesitating?

[careful] 23/5/2012 12:17

My bathroom scales indicate that i am a bit above critical mass.

p.s. the only reason i would hold THUS, or CW. (similar) is if there was a generous offer on the table from someone such as Vod.

[cheshiremoggie] 23/5/2012 12:13

"You're below critical mass."

LOL

Best put down I've heard for ages.

CM.

[dickbush] 23/5/2012 12:09

Below critical mass? What a load of b*llocks! You're below critical mass.

[careful] 23/5/2012 11:09

the tax loss situation, which is only of benefit to Vod,
gives this company a value.
but only to vod.
it is below critical mass as a stand alone and will perish.

38p will come.
and we shall all bite vods hand off, including those chancers, Orbis.

[dickbush] 23/5/2012 10:53

careful, there is no comparison between the takeover of HBOS by Lloyds and this situation. HBOS was almost as big a basket case as RBS. The fact is that its shareholders were baying for a higher price in complete ignorance (along with Lloyds management) of the pitiful shape of its loan book etc. I was a Lloyds shareholder baying for it NOT to complete the deal. Before you ask, I bought in as Lloyds were reconsidering their first bid, bought again when they sank below 40p and took two rights issues at below 40p, finally exiting with a nice profit in the low 60's. I don't think Lloyds ever did any due diligence worth its name before the bids. VOD certainly has, and IMO its ex employee has been giving them a very, very full picture.

[uxb_steve] 23/5/2012 10:38

Finally lost patience and bailed out just under 35p a couple of days ago.
Good luck to those waiting for the 38p - should come eventually!!

[jacks13] 23/5/2012 10:19

What is this logic that '...dictates that it will go through'.

To use the example cited by RMS, if there is a 85% turnout and Orbis vote for rejection then their vote would represent a 22.4% rejection. Not much further to go from there.

Edit: In the last ten trading days the share price has barely moved from 34p. If the bid was a nailed on success the spread between the offer and the share price would be closing, it isn't. The spread movement over the coming days will be a good indicator as to how the bid is progressing.

[careful] 23/5/2012 10:06

i will wait for my 38p.
logic dictates that it will go through.

[djwr100] 23/5/2012 08:50

Well, maybe you weren't careful enough?

Do you plan to get rid of your potentially worthless shares soon?

A link to the item would help, if it's of significance.

[careful] 23/5/2012 08:33

thinking of CW. which I own, and VOD which I own bigger.

I went a HBOS AGM a few years ago, and there was nearly a lynching.
lloyds were buying out HBOS whose shareholders did not like the ratio.
they thought they were being robbed by lloy.

if only they knew..they were lucky as their shares proved to be worthless.
a little knowledge can be dangerous.

[careful] 23/5/2012 08:26

it is on the 'news' on the vod thread.

[djwr100] 23/5/2012 08:25

What was the offer?

[careful] 23/5/2012 08:22

what is the significance of vods rec. offer to conv. bondholders about 2 days ago?

[rogermauricesmith] 23/5/2012 07:35

Thanks for the info on the scheme of arrangement. I thought that Orbis could retain its shares if it abstained. It seems extraordinary that there can be compulsory purchase on what could be as little as 60% of the votes in favour assuming 15% don't vote.
Vodafone must be extraordinarily sure of its ground to be doing this.
A lot that we don't know about has gone on (and is going on) here.
There has to be a twist in the tail.

[rovernut] 22/5/2012 23:34

My sentiments entirely Warranty. These pigs in the trough are only fast buck merchants and Voda put their man in charge to smooth the takeover. Also when Tata ran away after going to the trouble of getting finance in place I thought they must have found something horrible in the accounts, but this has not materialised. One can only conclude a deal has been set up to sell the bits Tata wants at a later date.
I hope Vod do get the company but not at 38p.

[warranty] 22/5/2012 22:11

I hope it's not over and in fact falls on it's backside. I didn't invest here to be sold down the river by a bunch of no mark crooks who consider themselves directors. If they can't make this company work with the assets and customer base they have inherited then they should do the decent thing and resign, but they won't because they'll take the pigs in the trough route with all their free shareholdings. Let's hope Orbis do vote against and see Voda off then we can rightfully out the lot of them.

[topvest] 22/5/2012 21:00

All rather odd here; the scheme of arrangement fails if they don't get 75% - personally, if Orbis vote "no" then I fail to see how they will get 75% as there are bound to be some other dissenters given the poor deal secured. Not sure this deal is over yet...time will tell.

[djwr100] 22/5/2012 19:53

Yes, I agree with warranty. We need a good set of managers.