Cable & Wireless’ makeover

Cable & Wireless HQ - the stock is in demand with the merger of Flow and C&W gathers pace.

Cable & Wireless HQ – the stock is in demand with the merger of Flow and C&W gathers pace.

Cable & Wireless seems to be going through a period of rebirth having ceded a great deal of their territory to the completion in past years, as the parent company chopped and changed top management. They are now growing again with pretty strong top-line gains with a stable management team.
There was much growth in the financial year to March and since then the industry has seen much change, with number portability, Flow being acquired by Cable & Wireless and Digicel acquiring Sportsmax.
“We gained around 20,000 new prepaid mobile customers resulting from number portability almost the same as left, revenue for the average new customer is more than the ones we lost” Garfield Sinclair, Chief Executive officer of Cable & Wireless (C&W) stated in a presentation to shareholders and some C&W senior staff at Wednesday’s annual general meeting of the company. Sinclair also stated “we gained four more postpaid customers to each one lost as a result of number portability”.
In a wide ranging presentation at the AGM the C&W CEO stated that the merger of the Flow and C&W has many challenges, none more so than the integration of the staff. The physical plant with differing technologies also pose challenges and with take time to be fully complete. But the CEO stated that they were making progress on all fronts as he commended the Human Resource team in the work they have done in the staff integration so far.
C&W CEO Gary Sinclair

C&W CEO Gary Sinclair

By October we would have completed the upgrading and expansion of our 4G network system on the south coast of the island to accommodate increasing demand by customers and by November that on the north coast, should be complete.
“We now have almost 900,000 cell phone customers, 250,000 landlines and 80,000 data only customers”, Sinclairstated. At the end of the fiscal year to March C&W indicated that the cell phone numbers were around 820,000 but Sinclair confirmed to IC Insider that the numbers are now at 875,000. The annual report stated that in the “peak season Christmas a record 65,000 mobile customers were added to the network”. The 2015 numbers suggest a continuation of the strong gains being made in the acquisition of mobile customers. The name change from LIME to Flow is likely to enhance the prospects for increased mobile customers. The continued growth augurs well for increased revenues and the company’s move to restart generating positive profit.
“Investors have to judge us on the EBITDA not on accounting profits that is the basis used in our industry”, Sinclair said. In this regard he said that by the end of the current fiscal year EBITDA that was at 20% of revenues in 2015 should be at 30 percent. This would work out at around $7.5 billion assuming revenues continue to grow at the 2015 pace on a standalone basis and would result in an absolute profit for the company, the first for several years. In the June quarter EBITDA rose a very strong 82 percent, with net results seeing a sharp fall to a loss of just $303 million, from a loss of $712 million in 2014 as revenues grew 13 percent to $5.45 billion, for the June 2015 quarter, aided by a 17 percent growth in mobile subscribers and 27 percent increased mobile revenues. Operating expenses were static at $4 billion but finance cost was up to $1.1 billion from $962 million in 2014, depreciation was down and amortization up.
EBITDA while an important measure, especially in the expansion phase it cannot be the sole target, ultimately investors want a return on investment and net profit ultimately is the most important measure so that dividends can be paid.
While there were few details of the merger with the Flow operations, that is expected to be a big boost to the system with more revenues and lower cost with some of the cost squeezed out from the elimination of duplications.

About IC Insider.com

Trackbacks

  1. […] of 14 stocks with bids higher than their last selling prices and 5 with lower offers. In trading, Cable and Wireless gained 4 cents with 129,025 units changing hands to close at $1.34, Caribbean Cement rose $1.80 to […]

  2. […] of 14 stocks with bids higher than their last selling prices and 5 with lower offers. In trading, Cable and Wireless fell 3 cents with 526,770 units changing hands at $1.30, Caribbean Cement rose by 10 cents to end at […]

  3. […] 153,891.58 and the junior market index is down 17.01 points to 1,683.83. Interesting trades include Cable & Wireless with 81,815 units at $1.33, Sagicor Group with 798,976at $18.50 and Supreme Ventures 1,409,317 […]

  4. […] of 12 stocks with bids higher than their last selling prices and 2 with lower offers. In trading, Cable and Wireless closed with 822,927 units changing hands at $1.52 after the price fell by 2 cents, Caribbean Cement […]

  5. […] prices higher to get the stocks they want. Interesting trades, with 75 minutes having elapsed, are Cable & Wireless trading 501,500 units and last traded at $1.55 for a 3 cents gain from Friday’s last traded price, […]

  6. […] and 2 with lower offers. In trading, Barita Investments closed at $3.65 with 31,148 shares trading, Cable and Wireless enjoyed good volume as investors’ interest in the stock continues to build, at the close the […]

  7. […] market index rose 56.40 points to its highest level of 1,568.99. Notable trades took place in Cable and Wireless as the stock traded 1,490,388 units up to $1.27 but last traded at $1.20, Lasco Distributors with […]

  8. […] growth new mobile subscribers at Cable & Wireless Jamaica, continues to September, according to the latest quarterly report released earlier today by […]

  9. […] with bids higher than their last selling prices and 6 with an offers that are lower. In trading, Cable and Wireless continued under selling pressure and closed with a loss of 11 cents, with 771,778 shares changing […]

  10. […] on of 376 percent to record the biggest gain by far. IC Insider would place a hold on any buying of Cable & Wireless at this stage with the big run up in the price recently and would be cautious on Lasco Manufacturing […]

  11. […] Cable and Wireless lost its star attraction on Friday, closing down at $1.20 and traded just 1.8 million units as some amount of selling hit the stock, but Sagicor Group with 3.1 million units was the largest trade, with 3 million units being a cross, executed by Barita Investments. The market ended with strong gains at the end of October ranging from 35 to 37 percent for the 4 main indices for the month. A total of 39 securities traded, leading to 13,797,226 units valued at $170,547,669 changing hands, in all market segments. A total of 10 securities 15 rose and 17 declined with 7 ended at 52 weeks’ closing highs and one at an intraday 52 weeks’ high. The JSE Market Index shot up 621.25 points to 131,284.04, the all Jamaica Composite Index gained 694.29 points to end at 145,673.61. JSE combined index climbed 706.30, points to end at 135,783.04. All Three indices are at new closing highs. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and one with an offer that was lower. In trading, Barita Investments ended at a 52 weeks’ closing high, of $2.75 as the price gained 19 cents while 3,000 shares were traded. Selling came in for Cable and Wireless on Friday. The stock closed with a loss of 20 cents, with 1,813,418 shares changing hands to end at $1.20. Trading in the stock was between $1.10 and $1.40 and it closed with a bid at $1.11, to buy 146,000 shares. On the offer were 830,752 shares at $1.20. By the close the number of offers increased dramatically and now total 32, ranging up to $3.10, for a total of 10,689,005 units with 10.68 million having a top offer of $1.80, the majority are at $1.50, or below. On the bid, between 80 cents and $1.11, are 4 million units. Caribbean Cement lost 27 cents to end at $17.73, with 67,416 shares changing hands. Unlike Thursday when the market closed with just two offers to sell 140,000 units at $24, at the close on Friday there were 11 offers on the board, between $17.89 up to $25 with more than 600,000 units. Bids are for over 230,000 units at $17.73, the next lot is at $16.80. Carreras ended with 1,001,700 shares trading at $53.05, a 52 weeks high, after gaining 5 cents. Desnoes & Geddes had 832,106 units changing hands, to close 15 cents lower at $30, the stock price gained 15 cents for the day, Jamaica Broilers traded 93,884 shares to close at $8.88 as the price slipped 12 cents. Jamaica Stock Exchange closed with 20,000 shares trading to end at $11 and gained $1.25, for an all-time high, JMMB Group traded 184,433 shares to close at $9.51 after declining 29 cents. Kingston Wharves traded 10,500 units to close at $10, Mayberry Investment lost 10 cents to end at $4, by trading 918,658 shares. National Commercial Bank with 112,524 shares changing hands, closed 50 down at $32.50, Pan Jamaican traded 6,888 shares to end 12 cents higher, at $80.12, Sagicor Group fell 85 cents with 3,120,466 shares trading, to close at $14.66, for a rise of 51 cents. Sagicor Real Estate Fund traded 262,107 units, the price closed unchanged at $11, Scotia Group ended with 8,000 shares changing hands and closed at $26.17, after falling by 81 cents. Scotia Investments gained 50 cents to close at $27.50 as 50,000 units traded, and Proven Investments ordinary share, closed with a rise of 1.9 US cents, with 445,000 units traded, to end at 23.9 US cents. […]

  12. […] Cable and Wireless fell to $1.17 in early trading on Friday with 1,026,780 units between $1.17 and $1.40 to record the last traded at $1.17. The stocks now has bid of $1.02 to buy 1,195,115 shares on the offer is 25,300 units at $1.16. The next closest offer is at $1.38 with 913,000 shares. Trading resulted in 28 securities changing hands with a volume of 4,089,472 units as 8 stocks gained and 12 declined and a number of new all-time highs were reached with the Jamaica Stock Exchange, Medical Disposables, Sagicor Real Estate Fund and all hitting new highs and Mayberry Investment at a new 52 weeks’ high. The other main trade are Lasco Financial Services with 834,793 shares changing hands between $2.55 and $2.63, the stock last traded at $2.63, Caribbean Cream with 556,000 shares changing hands at $3.40, Lasco Distributors with 329,102 shares changing hands at $3.25, Medical Disposables saw a jump in price to $3 with 331,133 shares changing hands and Proven Investments with 445,000 units at 23.9 US cents. At a minute after 11am Barita Investments crossed 3 million units of Sagicor Group at $14.75. The Jamaica stock market after 90 minutes of trading, recorded mixed results in the indices. The All Jamaican Composite index jumped slipped 71.14 points to 144,908.18 JSE Market Index fell 63.66 points to 130,599.13 the JSE combined index rose 73.57 points to be at 135,150.31 and the junior market index rose 14.97 points to its highest level of 1,326.51. […]

  13. […] Cable and Wireless was the star attraction with over 4 million shares changing hands and ending closing higher at the close. Elsewhere trading on the Jamaica Stock Exchange on Thursday as bulls still dominating with the main market indices close with mere increases but the indices still ended at new closing highs except for the junior market. A total of 25 stocks rose, 10 declined as 8 securities, totalling 12,318,211 units valued at $61,415,667 changed hands, in all market segments. A total of 8 stocks ended at 52 weeks’ closing highs and one at an intraday 52 weeks’ high. The JSE Market Index shot up 33.96 points to 130,662.79, a new closing high, the all Jamaica Composite Index gained 37.95 points to end at 144,979.32. JSE combined index climbed 239.17, points to end at a new closing high of 15076.74. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 3 stocks with bids higher than their last selling prices and none with offers that were lower. In trading, Berger Paints lost 40 cents in trading 6,500 shares to close at $3, Cable and Wireless closed with a gain of 10 cents with 4,167,792 shares changing hands to end at 52 weeks’ closing high of $1.40. The stock closed with a bid at $1.35 to buy 269,759 shares and with 14,700 shares on the offer at $1.40. […]

  14. […] rights through proper protective and enforcement measures. Earlier this year there was an outcry by Cable & Wireless one of the major sponsors at Boys and Girls alethic championship in Kingston about ambush marketing […]

  15. […] Cable and Wireless traded 4,167,646 units between $1.45 and $1.50 to record and last traded at $1.47. The stocks now has bid of $1.45 to buy 238,600 shares on the offer is 2,544,861 units at $1.50. The other main trade has been Lasco Financial Services with 834,793 shares changing hands between $2.55 and $2.63, the stock last traded at $2.63. Trading resulted in 26 securities changing hands with a volume of 6,111,547 units as 7 stocks gained and 8 declined. The Jamaica stock market after 90 minutes of trading, recorded another morning of increases in the indices. The All Jamaican Composite index jumped 1,487.61 points to 144,641.99 JSE Market Index rose 1,331.13 points to 130,360.94 the JSE combined index rose 1,329.21 points to be at 134,729.11 and the junior market index rose 8.11 points to 1,304.52. […]

  16. […] as investors continue to respond to the news that Liberty Global planned on making a bid to acquire Cable and Wireless’ parent company. The stock closed with over 4.33 million shares on the bid at $1.02 with 2.8 million […]

  17. […] of Cable & Wireless Jamaica (C&W) shot up 22 percent on Friday October 23 to 82 cents, in response to an announcement that […]

  18. […] with bids higher than their last selling prices and 2 with offers that were lower. In trading, Cable and Wireless closed with a gain of 15 cents as with only 5,850 shares changed hands to end at 52 weeks’ high of […]

  19. […] with bids higher than their last selling prices and 4 with offers that were lower. In trading, Cable and Wireless closed with a gain of 5 cents as 368,000 shares changed hands to end at 52 weeks’ high of 67 […]

  20. […] with bids higher than their last selling prices and 3 with offers that were lower. In trading, Cable and Wireless closed with a gain of 6 cents as 2,942,811 shares changed hands to end at 61 cents, Caribbean Cement […]

  21. […] trading, Cable and Wireless closed with a gain of 4 cents as 276,100 shares changed hands to end at 55 cents, Caribbean Cement […]

  22. […] with bids higher than their last selling prices and 4 with offers that were lower. In trading, Cable and Wireless closed with a loss of 1 cent as 81,600 shares changed hands to close at 51 cents, the stock ended […]

  23. […] that were lower. In trading, Berger Paints traded 10,000 shares at $2.75 and gained 25 cents, Cable and Wireless closed with a loss of 1 cent as 110,000 shares changed hands to close at 59 cents, Caribbean Cement […]

  24. […] with offers that were lower and setting up Wednesday for an interesting day of trading. In trading, Cable and Wireless closed with a decline of 8 cents, with 2,196,541 shares changing hands to close at 52 cents, but the […]

  25. […] with bids higher than their last selling prices and 5 with offers that were lower. In trading, Cable and Wireless added 2 cents, with 792,712 shares changing hands to close at 60 cents, Caribbean Cement shot up to […]

  26. […] stocks ending at new 52 weeks’ closing high, one stock ended at 52 weeks’ low. In trading, Cable and Wireless added 5 cents, with 845,177 shares changing hands to close at 58 cents, Caribbean Cement shot up to […]

  27. […] with bids higher than their last selling prices and 4 with offers that were lower. In trading, Cable and Wireless added 1 cent with 8,000 shares changing hands to close at 51 cents, Carreras traded 70,682 shares to […]

  28. […] that were lower. In trading, Berger Paints ended with 27,354 shares trading 1 cent higher at $2.30, Cable and Wireless lost 3 cents with 15,118 shares changing hands to close at 50 cents, Carreras traded 188,871 shares […]

  29. […] that were lower. In trading, Berger Paints ended with 45,500 shares trading 1 cent down at $2.29, Cable and Wireless added 2 cents with 808,014 shares changing hands to close at 53 cents, Caribbean Cement traded […]

  30. […] market is up 6.49 points to 1,023.87 and is not very far off from the all-time high of 1,040.59. Cable & Wireless last traded 799,04 shares at 51 cents, Desnoes & Geddes traded 27,650 shares at $7 after […]

  31. […] with bids higher than their last selling prices and 3 with offers that were lower. In trading, Cable and Wireless lost 1 cent with 40,000 shares changing hands to close at 51 cents, Desnoes & Geddes had […]

  32. […] 5 with offers that were lower. In trading, Berger Paints had 49,048 units changing hands at $2.30, Cable and Wireless gained 2 cents with 609,674 shares changing hands, to close at 52 cents. Carreras traded 11,356 […]

  33. […] with bids higher than their last selling prices and 3 with offers that were lower. In trading, Cable and Wireless rose 2 cents with 85,687 shares changing hands, to close at 51 cents, Caribbean Cement had 150,477 […]

  34. […] with only 24 securities trading, the volume increased sharply from recent trading days with Cable and Wireless trading almost 11 million shares and Ciboney with just over 4 million units than on Thursday. At the […]

  35. […] points to be at 98,770.37 and the junior market is up 9.69 points to 960.17. The main trades are Cable & Wireless with 10,774,000 units at 49 cents, Ciboney Group with 4,365,250 shares at 9 cents, National […]

  36. […] their last selling prices and 4 with offers that were lower. Trading in the main market ended with Cable and Wireless slipped 1 cent with 885,401 shares changing hands, to close at 49 cents. At the close the stock had […]

  37. […] points to be at 98,457.69 and the junior market is down 0.13 points to 950.20. The main trades are Cable & Wireless with 706,193 units at 52 cents, Scotia Group with 138,000 shares at $23.60, Supreme Ventures 41,160 […]

  38. […] their last selling prices and 3 with offers that were lower. Trading in the main market ended with Cable and Wireless rising 2 cents with 295,388 shares changing hands, to close at 50 cents. At the close the stock had […]

  39. […] very low keyed with extremely low volumes with only one stock trading with volumes in six digits. Cable and Wireless fell 3 cent with 20,584 shares changing hands, to close at 48 cents. At the close the stock had […]

  40. […] were lower, indicative of advancing stocks should be ahead of declining ones on Monday. In trading, Cable and Wireless fell 1 cent with 200,000 shares changing hands, to close at 51 cents, Carreras traded 8,000 shares […]

  41. […] that were lower, indicative of another day of fuel up and down price movements ahead. In trading, Cable and Wireless gained 2 cents with 561,804 shares changing hands, to close at 50 cents, Carreras dropped $1.39 but […]

  42. […] to be at 101,682.40. The junior market is up 12.77 points to 967.39. The main trades so far are, Cable & Wireless has traded 541,404 at 48 cents, Caribbean Producers traded 159,216 units at $2.47 with a gain of 9 […]

  43. […] with bids higher than their last selling prices and 7 with offers that were lower. In trading, Cable and Wireless had 862,092 shares changing hands to close at 48 cents, Desnoes & Geddes traded 3,096,207 […]

  44. […] to be at 101,291.14. The junior market slipped 9.42 points to 964.33 The main trades so far are Cable & Wireless with 87,813 units at 48 cents, Mayberry Investments 100,000 units at $2.80 while gaining 9 cents, […]

  45. […] with bids higher than their last selling prices and 4 with offers that were lower. In trading, Cable and Wireless had 1,700,000 shares changing hands to close at 48 cents, Caribbean Cement traded 10,000 shares at […]

  46. […] to be at 102,166.69. The junior market slipped 4.63 points to 984.39 The main trades so far are Cable & Wireless with 1,700,00 units at 48 cents, Seprod traded 1,813,740 at $14 while losing 60 cents, Proven […]

Обновили на порносайте pornobolt.tv порно страничку о том как парень выебал пизду мачехи, которая устала от своего муженька Комиксы, Манга читать онлайн на Русском языке

Brand new Partner with our doctors to make you happy is Omtogel RTP

Play Pin-up aviator Slots and e-Diet in Polska.