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ANALYST VIEWS: WHAT DO THE RESULTS MEAN FOR CABLE & WIRELESS?

Steve Dinneen
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MICK GILLIGAN | KILLIK & CO
“These are a credible set of results and investors should take heart from the evidence that the shift towards higher margins is coming through. In addition to the margin improvement over the year, the outlook statement indicates that 86 per cent of the sales pipeline is in higher margin products. We remain buyers.”

MORTEN SINGLETON | COLLINS STEWART
“Investors should take comfort that, despite broader question marks over the economic recovery, CWW has confirmed market conditions are improving and they are experiencing good momentum in the core business segments in the UK and globally. We say ‘buy’.”

DAVID BUICK | BGC PARTNERS
“Since the split, both parts of the company have performed disappointingly. It is hard to understand the rationale of demerging them. They have clearly not been helped by the state of the markets at the moment, but I don’t think this fully accounts for it.”