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TEP Telecom Plus Plc

1,616.00
30.00 (1.89%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Telecom Plus Plc TEP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
30.00 1.89% 1,616.00 16:29:53
Open Price Low Price High Price Close Price Previous Close
1,576.00 1,568.00 1,618.00 1,616.00 1,586.00
more quote information »
Industry Sector
FIXED LINE TELECOMMUNICATIONS

Telecom Plus TEP Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
21/11/2023InterimGBP0.3630/11/202301/12/202315/12/2023
27/06/2023FinalGBP0.4620/07/202321/07/202311/08/2023
22/11/2022InterimGBP0.3401/12/202202/12/202216/12/2022
21/06/2022FinalGBP0.314/07/202215/07/202205/08/2022
23/11/2021InterimGBP0.2702/12/202103/12/202117/12/2021
18/06/2021FinalGBP0.308/07/202109/07/202130/07/2021
17/11/2020InterimGBP0.2726/11/202027/11/202011/12/2020
21/04/2020FinalGBP0.309/07/202010/07/202031/07/2020
19/11/2019InterimGBP0.2728/11/201929/11/201913/12/2019
17/04/2019FinalGBP0.2711/07/201912/07/201902/08/2019

Top Dividend Posts

Top Posts
Posted at 18/3/2024 09:49 by robow
Investec starts TEP coverage with a Buy rating and TP of 21.97
Posted at 02/2/2024 14:00 by nakedmolerat
the chart is not good for TEP, under all MAs and next step 1000p?

thoughts?
Posted at 30/1/2024 08:07 by lennonsalive
Tep also putting up cash back card to £3 a month. So they are on a cost saving mission too. I don't have a card with them as my work do a card with the same retailers and no charge!
Posted at 11/12/2023 10:57 by nakedmolerat
from the simply wall st.

REWARDS
Trading at 33.1% below our estimate of its fair value
Earnings are forecast to grow 11.26% per year
Earnings grew by 49.8% over the past year

RISK ANALYSIS
Dividend of 5.37% is not well covered by earnings or cash flows
High level of non-cash earnings
Profit margins (2.4%) are lower than last year (3.9%)

i like tep, but even the buybacks arent helping here.
Posted at 04/12/2023 10:58 by spudders
hxxps://simplywall.st/stocks/gb/utilities/lse-tep/telecom-plus-shares?blueprint=2770537&utm_medium=finance_user&utm_campaign=cta&;utm_source=apple
Posted at 01/12/2023 07:59 by xamf
I agree Bathcoup. I bought in towards the end as the drop just looked overdone on ex div (more luck than judgement at the time as I hadn't fully researched the stock). Further investigation and TEP appears to have solid fundamentals with good growth. I can only assume the reason for the pull back has been over concerns of increasing bad debt provision. However net profit & ROCE have pretty much doubled from 2018 and I think/hope the pullback is unjustified - mental note just not to hold the stock on ex div!

Looking for a quick day trade but will invest for a longer term once we get a clearer signal that the persistant downtrend has broken. I fear the downward momentum here may remain a bigger driver than fundamentals over the next few days..
Posted at 30/11/2023 12:58 by sandbank
Yes - Correct me if I am wrong, but I think today TEP went ex-dividend in respect of TWO interim dividends.
One was the interim for the year up to 31/3/2023 (34p) which will be paid to shareholders on 16/12/2023. The other one was the interim for the year ending 31/3/2024 (36p) which will be paid to shareholders on 15/12/2023.
Posted at 23/10/2023 13:19 by peddlers
I'm holding firm.
Might add more on general market weakness.

TEP are comfortably on track to "double the size of our high quality base.
There's a general feeling in this sector if energy costs drop then revenue may be affected but TEP business model offers so much more than just energy.
I suspect TEP will surge upwards as we head into the jolly season with investors seeking out good solid companies at bargain prices

P.
Posted at 03/10/2023 09:29 by nakedmolerat
if all supplies were offering around the same with the recent energy issues, then TEP would have lower churn and afterwards it has some offers, then surly this most be good for growth. also with all the tiddlers who went to wall because they offered lowest in the market, most be good for TEP too?
Posted at 26/9/2023 08:09 by lennonsalive
This one RE: How much lower ?12 Jun 2023 22:43Given the number of customers TEP picked up from the demise of other utility companies over the last couple of years and the opportunities to cross-sell other, higher-margin services I think TEP is following its long-term trend of rising lows. It fell c40% over approximately 18 months from its Nov 2013 peak before starting its long road to recovery and has thus far fallen c41% from its Nov 2023 peak over a period of approximately seven months. As it currently stands, TEP might indeed fall further. 1200p is, perhaps, a possibility but I think 1000p is probably is unlikely; it will really depend on whether TEP starts to lose customers if, and when, the utility market regularises. Historically TEP has seen fairly low customer churn but a lot of its newer customers, unlike its older ex-British Gas customers, are probably more likely to switch to find the best deals (if TEP doesn't remain competitive). Against which, you've got to factor in that they've likely picked up a lot more active distributors in the last 12 months, as people start looking for opportunities to make some additional income, and that may give rise to new, additional customers to help counter other outflows. As it stands, I think the yield is still too low (suggesting that the share price has further to drop) and there have to be question marks over whether TEP can continue to sustain the current projected 80p dividend, if starts to see (large) net customer outflows. Personally I think TEP would have been better advised to propose a modest increase in its previous ordinary dividend and proposed an additional special dividend top-up until the utility market had settled. You don't get slaughtered for cutting or stopping a special dividend and if TEP now pays part of its target 80p dividend as a special dividend then that could have a further adverse impact on the share price because there's now an expectation of a recurring 80p ordinary dividend. The next couple of half yearly results are going to be interesting.

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