Telecom Plus Share Discussion Threads

[kirkie001] 03/12/2024 16:57

Nice to see that Mr Widowger, the founder and Chairman, picked up another 200k of shares yesterday. A cool £3.5m outlay.....

Vote of confidence from the person who knows the company best!

[estienne] 03/12/2024 15:35

Point taken - these results make plain that both customer numbers and services sold are both growing strongly

[undervaluedassets] 03/12/2024 09:26

Chairman, founder and former CEO bought 200,000 shares yesterday.

Now that is a chunk

[undervaluedassets] 29/11/2024 08:52

Estienne .. very good

[estienne] 28/11/2024 15:50

I bought them at £7.50 giving a dividend of 12.5%

[estienne] 28/11/2024 15:46

It seems these results make plain that both customer numbers and services sold are both growing strongly

[weemonkey] 26/11/2024 10:59

Yup. These results make plain that both customer numbers and services sold are both growing strongly.

[weemonkey] 26/11/2024 10:56

As I said this was all about growth of services and customer numbers.

These results today make plain both are growing strongly.

[undervaluedassets] 26/11/2024 09:08

well this business is growing like topsy

[kirkie001] 26/11/2024 09:01

Nice near 5% rise on the results this morning. My guess is that it's less on the growth potential (which seems steady, rather than stellar), and more on the rebased dividend policy - 80-90% of profits.

This seems to indicate that their capital needs have topped out, so more coming back to shareholders - and a 5%+ dividend yield going forward at these prices.

It does indeed look to have been a good shout to get in here at £17 a couple of weeks ago.. a nice little turn!

[davie6] 18/11/2024 06:22

Quality company. Only ever seem to do well.

[kirkie001] 12/11/2024 09:08

A new thread to discuss the prospects and merits (or otherwise) of Telecom Plus - trading as the Utility Warehouse, it provides a one-stop shop for utilities, power, and broadband / connectivity.

Interim results are scheduled for 26 November, and there was a decent sized tick up yesterday - possibly the beginnings of some momentum into what are expected to be fairly positive numbers. TEP has been a beneficiary of the electricity / gas wholesale price rises since the beginning of the Ukraine war, and has had a step change (up) in customer numbers as a result - hopefully they are fairly "sticky" and this flows through into the financial results on a sustainable basis. Customer numbers to 30 September 24 already announced as up by 67k, to 1.08m households served.

Current yield (at dividends per share of 83p in total last year) is 4.75%; trailing P/E of about 14. FY adjusted pre-tax profit guidance is (currently) between £124 and £128m.

[undervaluedassets] 11/11/2024 16:38

results approaching soon.

That and seriously unloved in recent months and years given growth profile.

period of catch up I think

[disc0dave46] 11/11/2024 13:44

Tipped somewhere?

[weemonkey] 11/11/2024 10:13

this will be all about customer numbers and volume of services sold.

[spudders] 11/11/2024 09:17

Fair bit of volume this morning. It would be interesting to see how the book looks if anyone has L2 access.

[lennonsalive] 29/10/2024 08:03

This has been stuck in a range since May, no doubt the current labour budget talk is holding down TEP like most others

[lennonsalive] 28/10/2024 08:26

Good Energy takeover offer. TEP seriously undervalued and I think would be one that could be bid for

[undervaluedassets] 02/10/2024 08:32

Operating profits are up 350% in ten years

2014 operating profit £30.76 million
2023 operating profit £136.96 million

Meanwhile price has not moved in 10 years

jan 2014 share price £19.00
oct 2024 share price £17.82

next profits set to be a record and will be accompanied by record customer numbers.

[weemonkey] 17/9/2024 09:51

Yup..

It's cheap

Cheapest ever on valuation basis

[undervaluedassets] 15/9/2024 05:32

Well, this has now entered extreme value territory.

Profits, earnings, divi and customer numbers leapt at the last results but the shares have drifted down.

(The algorithm selling is my take on this)

The company is guiding for more growth to come

"Our current rate of growth places us firmly on track to double the size of the business to two million customers over the medium term, whilst continuing to grow profits and shareholder returns."

Cold autumn presages a cold winter.

As a stock has great defensive qualities ...

forward pe of 14 set to be lowest ever.

In my view .. this will be found.. the value proposition is too extreme for it not to be found by investors

One other thing of note.. in the background this is a tech company disguised in Utility company clothing. TEP will be using AI to make decisions on all its pricing and metrics

nuff said

[undervaluedassets] 05/9/2024 05:28

Profits have increased by 200% since the high in 2014

(They are pencilled to go up another 20% this full year.)

Has the share price increased by 200% since 2014?

No, the shares have been flat since the high in 2014.

Don't think it will stay like this. Will probably do a Rightmove at some point and leap

Has become too cheap not to.

[undervaluedassets] 03/9/2024 13:50

very good.
would love it to be no.1
otherwise no.3