Telecom Plus Share Discussion Threads

[bathcoup] 23/11/2021 14:47

buoycat, How many shares qualify you for the shareholder discount? Is it 1,000 or 1,500 shares?

[buoycat] 23/11/2021 12:12

This is very gratifying. I've been a long term holder, originally buying at £3 but recently topped up big time at 1200 to qualify for the shareholder discount only to see the price plummet to £10!

[estienne] 23/11/2021 11:05

"The recent energy crisis has brought a seven-year destructive price war to an abrupt end, and the subsequent spate of energy supplier failures has demonstrated the inherent flaws in the regulator's policy of 'competition at all costs'. Consumers now face a cost running into billions of pounds to tidy up the mess, so we welcome Ofgem's commitment to prevent this situation from happening again, and to create a retail market that allows sustainable competition between suppliers, whilst enabling us to meet the challenges of the transition to net zero together."

[weemonkey] 23/11/2021 08:56

Yup ... I think I got this one right..

Been helpful knowing a couple of well established and successful distributors

[saltaire111] 23/11/2021 08:54

Customer growth numbers are very encouraging. Lifetime value of those extra customers is significant.

Salty

[rolo7] 23/11/2021 08:19

Great future statement for 2023 in the outlook dividend to rise, played it safe with saying in line for this year

[weemonkey] 15/11/2021 05:59

I do not think that we have to watch this one too closely.

This is a story that is going to play out over the next decade or 2.

There will be no more non-viable energy supply minnows allowed into this space by Government. We have seen the end of this nonsense

The collapse of these loss leading companies has been an expensive disaster for all concerned (the consumer/taxpayer will pay in the end).

TEP (not a an energy minnow) will over time seduce a steady number of customers away from the big six (British Gas, EDF Energy, E.ON, Npower, Scottish Power, and SSE.) to their cheaper (but not crazily cheap) offering.

None of the big six bundle as many services as TEP. Thus, as has been said, gains in market share for TEP over the next decade or 2 are inevitable

[estienne] 12/11/2021 11:19

And another 10 to 1348

[estienne] 11/11/2021 16:17

Up another 10p today to 1338p

[undervaluedassets] 09/11/2021 11:25

Four more energy suppliers have gone bust as a result of soaring gas prices, the industry's regulator has announced.

Ofgem said on Tuesday that Omni Energy, MA Energy, Zebra Power and Ampoweruk had all ceased trading.

sad for those businesses but better and better for TEP.

[estienne] 05/11/2021 09:49

I wouldn't sell yet. Its going to gain a lot of customers and I expect the share price to be back to peak levels fairly soon. The dividend comes on top of that

[prokartace] 04/11/2021 16:15

Had my run, I'm coming out now. Judging from last investment I may be back in 5 yrs time lol

[undervaluedassets] 04/11/2021 04:31

Anyway, it IS all about sign-ups and new business.

I do not think pushiness or not comes into it. I know a few Utility warehouse distributors and they are friendly, confident people. Post 660 makes out like they are selling timeshares or snake oil or something. Choosing a utility provider is something everyone has to do. It is a non-discretionary part of everyone's spending. Why not save a few quid and make your life simpler with a single bill? For many, it is a compelling offering.

What has changed is that almost overnight a lot of the competition has simply disappeared.

This will mean that TEP, with the help of its army of friendly, confident distributors over the next several years, will increase their market share.

It is inevitable.

[goforno123] 01/11/2021 19:59

I understand what you're saying, but I don't agree that there's no line if sight for head office. As a distributor we all have senior leaders in the distribution network that are close to how their teams sell. Then there's very clear guidelines and training from head office for leaders that emphasize quality and it's those leaders responsibility to ensure their teams behave appropriately.

Head office do weekly leadership meetings with the leaders to get feedback. Plus there's a sales quality team that monitor how sales are taking place, and when there's any suspicion that team investigate thoroughly and even suspend distributors positions if it's proven they acted against company guidelines.

Of course they can't monitor the daily behaviour of all of us distributors, but it's not long before poor behaviour gets noticed and stopped.

So, not sure why you got that info from, but I'd say as a distributor I don't agree with it

[confortableconstable] 29/10/2021 19:25

yeah i don't know, i've been speaking to a few poeople who have been approached by not so good distributers who are quite pushy - and they do more harm than good. Then I realised that there is no real line of sight for TEP on how good or bad their resellers are - apart from sign ups - that is quite a narrow view. Sign ups are all well and good but if they are pressured to enter into agreements then this is bad. whilst they are making hay while the market is as it is, if there is no control over their distruter behavour (which apparently there isn't), then pushy distributers are allowed to continue - and whist they might look good on paper, if there isn't quality control - then there is a problem. I was trying to figure out why this company hasn't done better.. and maybe thats their achilles heel... or not, who knows. I've sold and i'm out - GLA.

[weemonkey] 29/10/2021 09:13

Yup..The world has suddenly opened up for this company.High gas prices have destroyed much of the competition. And they have the hungry, highly motivated distributor network to take full advantage..

[undervaluedassets] 22/10/2021 05:31

In its early years, TEP grew like topsy. But in truth, not so much over the last half dozen years, a situation exacerbated by the proliferation of these badly financed, small start-up energy companies with their loss-leading pricing strategies; A strategy, one should add, that TEP has wisely refused to entertain.

However, with the recent demise of so many of these energy suppliers - (victims of their non-sustainable business models) - the decks are now cleared for TEP to once again have a period of sustained growth.

We shall see.

[buoycat] 21/10/2021 11:53

Need a new boiler and as luck would have it got an email from tep offering boiler installation yesterday. Responded and a chap called Brock rang me within an hour that afternoon. He seemed to know what he was talking about and the price was excellent so confirmed for installation next week. Already had a higher quote from Vaillant who can't install until mid November and another engineer round last week who still hasn't sent his quote. Well done Utility Warehouse!

[estienne] 19/10/2021 09:45

The share price is recovering nicely

[taras73] 19/10/2021 09:02

Thanks Spudders I feel now reassured) no delay that’s good. I was hoping to get a trading update with it but noticed that they don’t do it.

[spudders] 18/10/2021 17:23

Tara, RNS 👍🏻

[lennonsalive] 18/10/2021 16:14

I am hearing good things from distributors that it's the busiest they've been in years

[taras73] 18/10/2021 12:33

Just tried to find out this from the company directly at least whether there is an intent to issue one but no luck. In fact there is no contact number in the investor relations. There is no future event posted there either. Perhaps all too busy snapping up new customers??

[taras73] 18/10/2021 10:22

Anybody has any idea when TEP is going to issue the notice of the results in October? Previously they issued it before the 18th October.