Telecom Plus Share Discussion Threads

[stirkjames] 22/11/2022 09:50

Great results 25% uplift in the interim dividend,

[mortimer7] 21/11/2022 10:03

Interim results tomorrow (22nd)

[stirkjames] 03/11/2022 18:43

Good find, look forward to the next update.

[robow] 03/11/2022 18:24

from Citywire

Telecom Plus will be a consumer winner, says Abrdn
Consumer stocks may be under pressure from the cost-of-living crisis but Abrdn manager Abby Glennie believes multi-utility provider Telecom Plus (TEP) will be a one of the winners.

Telecom Plus is the top holding in Glennie’s Abrdn UK Mid Cap Equity fund, making up 4.3% of the £164m portfolio, and is the second largest holding in her Abrdn UK Smaller Companies fund, where it is 4.4% of the £1.2bn fund.

She said while consumer-facing stocks are struggling, Telecom Plus ‘is a company that may benefit from consumers’ desire to lower energy costs’.

‘Under the Utility Warehouse brand, the business has seen accelerating growth as a record number of UK households join up,’ she said.

‘By the end of September, the total customer base was up by 24%, putting profits materially ahead of expectations. Stronger customer growth means a reduction in the previously expected cost of multi-service discounts.’

Glennie also noted the improved outlook for energy affordability due to the government’s emergency price cap plan.

‘This should be a consumer-friendly business well placed to serve consumers during the cost-of-living crisis,’ she said.

Shares in Telecom Plus closed up 1.6% at £21.95 on Wednesday.

[stirkjames] 04/10/2022 08:40

Telecom Plus has now passed its previous high.

[sparky333] 03/10/2022 12:34

Congrats TEP holders, only sector worth investing in is utilities for the next 12 to 18 months.I do not hold here but YU group who are also thriving.Good luck and we'll done, long and strong

[lennonsalive] 03/10/2022 08:07

I'm glad TEP have a plan to increase customer base as they have been stuck for a while at 800k

[base7] 03/10/2022 07:51

Exceeding expectations is all we wanted to hear & perhaps our dividends will be increased accordingly.

[biker6] 03/10/2022 07:39

Looking good 🚀

[macswell] 29/9/2022 15:41

I wish I'd....You can guess the rest!

[estienne] 21/9/2022 10:53

I think it will recover

[lennonsalive] 16/9/2022 16:02

Distributors have been busy with sign ups and appointments I hear

[daisylove] 16/9/2022 15:35

£22 seems too high to sustain. So it didn't.
Why has it shot up today? Anyone know anything?

[mozyali] 15/9/2022 10:26

Why share price down so much from peak?

[rolo7] 14/9/2022 11:01

Because everyone pays the same unit cost per electric and gas? Wonder what would hap if tep decide to undercut cap as it will be a law of parliament for 2years.

[lennonsalive] 14/9/2022 10:58

I can understand you get a discount of duel fuel and more services saves 10%. But how does the cap effect the advantage?

[cleaver2] 12/9/2022 10:30

The current share price reflets the fact the new energy cap has reduced TPs advantage
against the competiton.

[estienne] 08/9/2022 12:23

How do you think that will affect TEP?

[nakedmolerat] 05/9/2022 11:48

probably waiting to see what the new PM does reference energy and prices

rumour of energy price freeze with new PM

[estienne] 05/8/2022 11:33

Yes we've done pretty well over the last few months but there seems to be a bit of profit taking today

[buoycat] 29/7/2022 09:50

Such is investing. I've held these for many years but recently decided to go in large at £12 for the divi and the shareholder discount. Only to see the price drop to £10. Sitting pretty now.

[buoycat] 08/7/2022 10:26

To get the 10% discount you need 1500 shares.Then just Google telecom plus shareholder discount and follow the link on their page to apply. If you're a nominee shareholder you just need to request a confirmation of shareholding from your investment manager.