Telecom Plus Share Discussion Threads

[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

[iamnotanumber6] 03/9/2024 10:57

Well, it could mean one of 3 things:

1. Somebody takes the company on a date, a nice meal, fine wine, sparkling conversation, then back to their place for coffee perhaps....?
2. Somebody hires a hitman, he climbs to a high vantage point, trains his weapon on Telecom Towers, then bang! And he melts into the darkness, job done. Or
3. Someone launches a takeover bid.

I reckon he means number 1.

[ben750crow] 03/9/2024 07:39

Excuse my ignorance, but what do you mean by "taken out"?

[undervaluedassets] 02/9/2024 09:28

I ask myself

Does this get taken out?

Cheapest valuation ever currently

[spudders] 22/8/2024 06:38

Sky city fibre deal holding this back according to news on advfn evening round up !

[undervaluedassets] 20/8/2024 12:28

last results were best ever by some margin.

At some point I anticipate a best ever share price to match.

As has been pointed out on a valuation basis .. lowest share price ever.

according to my Sharescope PE here is now 15.. meanwhile the average PE over the last five years has been 25

[lennonsalive] 13/8/2024 07:39

The strong trading performance we reported in our recent annual results is continuing, with our unique multiservice customer proposition enabling us to sustainably outcompete in a normalised and rational marketplace.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."

[weemonkey] 27/6/2024 17:41

Well that is very interesting reaction to best ever profits and best ever customer numbers. Cheapest prcing on a valuation basis ever

[spudders] 21/6/2024 12:49

Simply Wall Street have a write up on latest results, worth a read! I’m still holding since 2009 😀

[aishah] 21/6/2024 11:11

SP below 50d SMA now