Context: How Eastern Caribbean Securities Exchange works, and what it makes issuers disclose · St Kitts and Nevis on the LatAm Power Map
A two-island nation of fewer than 50,000 people has a publicly traded telecom — and its controlling parent is one of the biggest cable companies on earth. Cable & Wireless St Kitts & Nevis Limited is the Federation’s only full-service provider of phone, mobile, broadband, and cable TV, operating under the consumer brand Flow.
| Full name | Cable & Wireless St Kitts & Nevis Limited |
| Ticker / exchange | CWKN — Eastern Caribbean Securities Exchange (ECSE) |
| Headquarters | Cayon Street, Basseterre, St. Kitts, Federation of St. Kitts and Nevis |
| Sector | Telecommunications |
| Employees | 49 (as at 31 March 2016; most recent disclosed) |
| Market value (market cap) | XCD ~$124.9M / US$124.9M (our calculation: 33,130,418 shares × XCD $3.77, June 2026) |
| Yearly sales (revenue) | XCD $81.3M / US$81.3M (FY ended 31 March 2016 — most recent audited figure retrievable) |
| Net profit | XCD $8.8M / US$8.8M (FY2016) |
| Net margin | 10.9% (our calculation: $8.8M ÷ $81.3M) |
| Return on equity | 10.4% (our calculation: net profit ÷ total equity of XCD $84.6M) |
| Price-to-earnings (P/E) | ~14.2× (our calculation: XCD $3.77 ÷ XCD $0.266 EPS on FY2016 basis — illustrative) |
| Dividend yield | Not disclosed in available sources for recent years (nil dividend declared in FY2016) |
| Shares issued | 33,130,418 ordinary shares |
| Website | discoverflow.co/saint-kitts |
What it is
Cable & Wireless St Kitts & Nevis Limited supplies telecommunications services and facilities to the Federation of St. Kitts and Nevis, and its core business is providing and operating public telecoms services under a government licence.
Today it trades to consumers under the Flow brand, a transformation driven by Cable & Wireless’s merger with Columbus Communications.
The company was incorporated on 1 October 1985 under the Companies Act of St. Kitts and Nevis.
February 2008 marked the first year of trading of its shares on the Eastern Caribbean Securities Exchange.
Who owns it
Cable and Wireless (West Indies) Limited owns 77% of the issued and outstanding shares. The remaining shares are split between the Government of St.
Kitts and Nevis (17%) and members of the public (18%), though that split reflects historical filings and the public float may have changed.
The ultimate owner of that 77% stake is Liberty Latin America, the Miami-listed group that acquired Cable & Wireless Communications in 2016. Flow is a division of Liberty Latin America, marketing consumer cable, internet, phone, and mobile services through its subsidiary Liberty Caribbean across the Caribbean region.
The local free float — roughly the 18% in public hands — is what trades on the ECSE.
Who runs it
The ECSRC regulator lists the contact person as David Lake, and the regulator’s company filing names Ms Lorraine Mitchell as General Manager and Mr Michael Davis as Manager Finance & Company Secretary. The board of directors includes Mr Alex Bremner, Mrs Christine Morris Gillespie, Ms Susanna O’Sullivan, Ms Lyra Richards, and Mr Osbert Liburd.
No CFO title is separately designated in the available regulatory filings; the Finance Manager role is held by Mr Michael Davis, who also serves as Company Secretary.
The money, in plain words
The most recent audited figures retrievable from primary sources are for the financial year ended 31 March 2016. In that year, the company brought in XCD $81.3M (US$81.3M) in sales and kept XCD $8.8M (US$8.8M) after all costs and taxes — a net profit margin of 10.9%, reasonable for a small-island monopoly telecom (our calculation).
For every dollar of shareholders’ equity, it earned about 10.4 cents — a return on equity of 10.4% (our calculation).
Notably, the company has been fined XCD $100,000 by the Eastern Caribbean Securities Regulatory Commission for breach of the securities regulations on continuing disclosure obligations — which explains why more recent annual financials are not publicly accessible on the exchange. At the current share price of XCD $3.77 (June 2026 ECSE daily report), the market values the whole business at roughly XCD $124.9M / US$124.9M (our calculation).
What it is doing now
Flow launched Saint Kitts and Nevis’s first LTE network in September 2017, with availability in the capital Basseterre. The group has continued investing in network upgrades; a US$10M network upgrade was invested during 2014 alone, and 4G mobile data has been available on the island since 2012.
The most material recent event is the regulatory fine for disclosure non-compliance, which has left the company’s post-2020 financial statements outside the public domain — an unusual position for a listed company and a governance concern investors should weigh carefully.
What to watch
- Disclosure compliance: The ECSRC fine signals a pattern of late or missing filings; restoration of regular audited reporting would be the single biggest unlock for investor confidence.
- Licence renewal: The non-exclusive operating licences that replaced the original 25-year government franchise were set to expire in October 2016; the status of any renewed or extended licence is not confirmed in available public sources and is a material operating risk.
- Parent strategy: Liberty Latin America’s broader Caribbean footprint decisions — network investment cycles, potential consolidations — flow directly down to this subsidiary.
- Tourism-linked demand: With tourism the Federation’s leading economic sector, broadening the revenue base of the telecoms sector carries real upside as visitor volumes recover and grow.
Sources
- Eastern Caribbean Securities Regulatory Commission (ECSRC) — Cable & Wireless St Kitts & Nevis Ltd issuer profile, including directors, officers, regulatory fine notice, and share data
- Eastern Caribbean Securities Exchange (ECSE) — Cable & Wireless (St Kitts and Nevis) Limited audited financial statements, year ended 31 March 2016
- Eastern Caribbean Securities Exchange (ECSE) — CWKN listed-company page
- ECSE Daily Trade Report, 11 June 2026 — closing share price XCD $3.77
- ECSE — Cable & Wireless (St. Kitts & Nevis) Limited Research Report, January 2008 (incorporation date, listing history, ownership structure background)
- C&W Communications — LIME St. Kitts & Nevis Is Now Flow (brand transition announcement)
- Liberty Latin America — Our Brands (Flow/Caribbean operations)
- Market data: EODHD.
This is news, not investment advice.
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