CWC Chart Breakout...... breakup at CWC Cable@Wireless, now for the 2007 high and 2001 high of 200p.[link]
All aboard.... Yep, so far
It's OK for me anyway. I can't make any real sense of the financial accounts data on III but it does seem to me that this share is plodding gently upwards as if some unknown 'supernova' is steering it back to bigger times.The choice between this and BT has been ok so far and only my own failure to get in at ~50 has prevented me from having a really big score on this, my third, venture into the comms market.Looking back on the board I see yells for SELLS that were badly wrong and though I was sceptical about the Deutsche/Jeffries ~60p shout, I am on board with that.This is now moved up into my top drawer of high yield on big bucks.
Out of BT into CWC. Despite regretting the failure to buy back at 50, I have now taken BT out and put it into CWC at net 57.I am assuming that there is more chance of this hitting the 61 before BT gets to 500 and the yield has been (will still be ?) better.Should have bought two months ago.
Re: RNS out - in line Difficult to know on one quarters spun figures on turnover only. Best that can be said is that the rot could have stopped, but who knows. Particularly if acquisition comes off when numbers become disfigured: all in accordance with discredited accounting standards of course.
RNS out - in line Steady growth but not earth shaking is my impression. Any other views?
Re: Study completed - staying in. Yep, I missed the article and buy in at sub 50 - I know again I was too decimal specific in my target and even if I had bought in at ~50 I would be looking at about 10% up in very short order.My "study" is still convincing me that here is more up than down in this and unless I get in early next week, I will have missed the boat good and proper.Silly boy.
Re: Study completed - staying in. If you missed the news, Soros seems to think this is going up, they have purchased 4% of the company as a CFD. I wonder if this is a short term bet on the Q3 update or a view on a potential t/over longer term, either way it has put some zip into the SP.
Re: Study completed - staying in. Still no real sign of a sub 50 purchase so this is decision week - somehow my hunch, totally without research, leads me to think I may miss it this week also. Price stability is a real decision blinder.
Study completed - staying in. Have studied the board wisdom over the last 6 months or so.No sign of the 36, no sign of the 61 either. However this share and yield holds some of my money and it seems to me that a thing that has managed to stay pretty steady over these last 6 months has been quite soothing really.I have formed the view that nothing is pushing this down and the prospect of a rise is the greater expectation. So staying in (as for 3 years now), banking the dividends, and now thinking more of buying than selling.If it stays below 50 this week, I'm going in.
Re: Jefferies upgrade - 61p tgt "CWC upgraded by JefferiesStockMarketWire | Mon, 15th December 2014 - 13:39 Jefferies has upgraded its recommendation on Cable & Wireless Communications (LON:CWC) to buy from hold, stating that the company is accelerating towards a Caribbean Duopoly.In todays research note, the broker said: The proposed Columbus acquisition enables CWC to reach the convergent endgame that Marlin was intended to deliver faster with less execution risk. Mkt position and growth potential will be transformed.Nevertheless, analysts have left their target unchanged at 61 pence a share, offering north of 30 per cent upside (incl divi) on a one-year view.At 1:39pm: (LON:CWC) Cable Wireless Communications Plc share price was +0.85p at 48.26p"From III yesterday.
Jefferies upgrade - 61p tgt UpgradeCable & Wireless Communication Buy 61p 27.9% JefferiesInternational Consolidated Air (IAG) Outperform 550 20.0% RBC Capital Markets