Telecom Plus Investors - TEP

Telecom Plus Investors - TEP

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Stock Name Stock Symbol Market Stock Type
Telecom Plus Plc TEP London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1,030.00 16:29:55
Open Price Low Price High Price Close Price Previous Close
1,040.00 1,008.00 1,040.00 1,030.00 1,030.00
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energeticbacker: Given the group's 10-year average dividend growth rate of 10%, Investor's Champion think Telecom Plus's 3.9% yield remains attractive for income investors. TEP remains in their Income Boosters portfolio.
adrian j boris: Calum Muirhead 09:54 Tue 17 Nov 2020 Telecom Plus profits up despite pandemic disruption The utility services group highlighted a “resilient performance” across all aspects of its business in the period, adding that a drop in customer numbers due to the UK’s lockdown in the spring has largely reversed by the end of September Telecom Plus - Telecom Plus profits up despite pandemic disruption Telecom Plus PLC (LON:TEP) shares rose on Tuesday after the utility services provider reported slightly higher profits in its half-year despite disruption from the coronavirus pandemic. In its results for the six months to September 30, the FTSE 250 group reported an adjusted pre-tax profit of £27.7mln, up slightly from the £27.5mln last year and despite a 1% fall in revenue to £349mln due to lower energy prices. The interim dividend was also maintained at 27p per share. READ: Telecom Plus hikes dividend as it posts record sales in final results Telecom Plus highlighted a “resilient performance” across all aspects of its business in the period, adding that a drop in customer numbers due to the UK’s lockdown in the spring has largely reversed, with customer numbers down just 0.3% at 650,497 by the end of the period. Total services supplied in the half-year also rose by 15,004 to 2.04mln. Looking ahead, the firm said it has seen a “strong start” to its second half, with a net increase in customer numbers of around 2,200 during October, more than offsetting the slight reduction in the first half. Telecom also said that as a result of the “more challenging macro-economic background”, it was seeing record numbers of new partners joining the business, which it said is a “good lead-indicator to future levels of customer growth once the current social distancing restrictions are lifted”. As a result, the company said it is “increasingly confident” in its previous guidance that full-=year adjusted pre-tax profits will be marginally below the record level for the previous year, however the range of outcomes remained wider than usual due to uncertainty around the scope and duration of lockdowns in the second half. Dividend guidance was also maintained at 57p per share for the full year. "We delivered a resilient performance during the first half of the financial year, successfully adapting to the challenges created by [coronavirus]. Our competitive position improved following the reduction in the energy price cap from 1 October 2020, which has contributed to a recent marked uptick in Partner activity and a return to customer growth”, chief executive Andrew Lindsay said in a statement. "Over the last seven weeks we have seen a significant increase in the number of new Partners joining the business; this is an encouraging lead-indicator for the rate of future customer growth over the coming months. We anticipate low single-digit percentage growth in customer and service numbers for the year to March, and look forward to delivering full-year adjusted profits in line with our previous guidance", he added. In a note, analysts at house broker Peel Hunt retained their ‘buy’ rating and 1,450p target price, saying the half-year results were “as expected” and the company was on track to exceed their forecasts for the full year. “We see increased optimism on potential growth given the economic environment, competitive positioning and operational gearing”, the broker said, adding that “medium-term profit opportunities” could add £30mln of profit by 2025. Shares in Telecom Plus rose 2.4% to 1,398p in mid-morning trading. The above has been published by Proactive Investors Limited
robow: from yesterday's Daily Telegraph Questor: it’s no Black Friday bargain, but hold on to Telecom Plus for income and grow Questor rates Telecom Plus, which sells phone and energy deals through the Utility Warehouse brand, a buy Telecom Plus sells phone and energy deals through the Utility Warehouse brand Russ Mould Questor share tip: a strong competitive position, healthy balance sheet and solid interim results suggest that investors should keep faith It has been a gradual process but it does seem as if the market is finally coming around to this column’s way of thinking with regard to Telecom Plus, the multi-utility provider. The shares have risen by some 10pc since our initial look almost two years ago, with a further 50p a share in dividends in the bank and the latest 25p interim due to be paid on Dec 14. Three things speak loudly in favour of staying patient with the stock. First, last week’s interims were very solid, with customer numbers, sales, profits and the dividend all increasing at a low-to-mid-single-digit rate Second, the company’s competitive position remains strong. Rivals in the energy-supply market continue to falter – Extra Energy is the latest to go bust – as Ofgem, the regulator, continues to press to make it easier for customers to switch. And Telecom Plus’s 20-year power supply deal with Npower helps to shelter it from the sort of energy price swings that have tripped up some of the smaller players, as well as big ones such as SSE. Finally, a healthy balance sheet and robust cash flow underpin a 4pc prospective yield. The only real drawback is the earnings multiple, which at 22.3 for the year to March 2019 can hardly be described as a Black Friday-style bargain. That rating might mean the stock is unlikely to gallop higher suddenly but the prospect of further customer wins and sales, profit and dividend increases means Telecom Plus looks capable of rewarding ongoing support. Questor says: hold Ticker: TEP Share price at close: £13.28
dogwalker: No. Could be ahead of results on Tuesday in which they make one of those special announcements of theirs ? ' Free light bulbs for any investor who buys shares off the company for £10, so that the company can then spend the money on something yet to be decided'.
robow: from Questor in The Daily Telegraph on 2nd May The Conservative Party's proposed crackdown on energy providers may be worrying shareholders in SSE and Centrica but it would only serve to reaffirm the attractions of Telecom Plus's business model, assuming the Tories are re-elected and the policy brought in. Even if this does not happen, the FTSE 250 multi-utility provider is already seeing a narrowing gap between standard variable energy tariffs and aggressive introductory deals, judging by its recent full-year trading update. An acceleration of that trend could help Telecom Plus add to its 600,000 customers since it has a 20-year power supply deal with npower that is priced at a discount to the average standard variable tariff offered by the Big Six. ADVERTISING As a result Telecom Plus can offer competitive tariffs and also bundle services, as it provides broadband and telecoms as well as gas and electricity. A new home insurance offer could also help drive customer acquisition. Although investment in IT and new customer additions may mean profits come in broadly flat for the year to March 2018, a 4.2pc dividend yield means investors will be paid to wait before a possible re-acceleration in earnings momentum in 2019. I've tipped this company before and this appears still not to be priced in - Government intervention should boost it further. Questor says: Buy Ticker: TEP Share price at close: 1250p
bigbob6: I think news of 400'000 customers deserting BG in the last 6 months out today will have some private investors making the switch to TEP SO WOULDNT BE SURPRISED IF WE SEE FURTHER GAINS TOMORROW INSTEAD OF A DROP ( IMHO )
hession: Droid, I'd like to think so.... but investors are far from exuberant so if we see further gains I suspect they will be hesitant. There has been much talk about UW struggling to compete with the cheapest tariffs at the moment and it's true that introductory offers from some other suppliers (at the expense of loyal longer term customers) are cheaper on a standalone basis. However, I reckon the majority of people who post on these forums are analytical types like me who would trawl comparison sites for the cheapest deal. It's the non analytical mums,dads, brothers, sisters and other people close to Distributors who readily become customers and buy into the benefits of the Discount Club. It is this approach which has, yet again, resulted in record profits and persuades me to continue to hold. The dividend is pretty good too.
psmith1964: Nothing surprises me with the way this is going. I did send out research backed warnings a while back but many chose to ignore. Oh well you can only try and help people. I believe you haven't seen the bottom yet. I would be extremely worried about Smart Meters right now as we have yet to hear how they are going to deal with this and what the costs will be. They seem to have glossed over this to date. Does anyone know if they have started to roll them out yet ?It should be a question investors should be asking.
robinnicolson: Tipped today by Investors Chronicle.
plasybryn: I would certainly agree that if TEP should experience a further correction it will offer a no brainer purchase, but unfortunately I think that opportunity will not materialise. The strategy of the Co. is of course well understood already by investors and priced in and as the market irregularities get sorted by Govt. intervention, players like TEP with ethical, level pricing policies will increasingly benefit. In the meantime the book is moving to higher ticket, more profitable clients and as such, and as psmith's points out, this is already IMO a low risk investment. DYOR.
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