Cable & Wireless Communications – 37.475p

17 October 2012 – possible disposal

The group has confirmed press speculation that it is in talks to sell its 51% stake in its Macau business – this follows last month’s news that it was in talks to sell its Monaco and Islands business.  Although there is no certainty that any transaction will take place, any sale seems likely to be well-received by the market.  On this basis, the shares are probably a BUY again.

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