Telecom Plus
Shares: 184p +28p
Questor says Buy

Tory party backer Charles Wigoder must have felt truly blue earlier this year when shares in his residential telecoms and energy supplier fell below 100p for the first time in almost four years. In early 2004, Telecom Plus - in which Wigoder has a 20pc stake - had peaked at 400p. But a failure to hedge its gas supply contracts caused the stock to tumble as the gas price soared.

Then came the explosion of competition in the broadband sector led by that "free" offer from Carphone Warehouse. It is easy to see why investors got spooked. Since this summer, however, Telecom Plus has staged a modest recovery. Yesterday it got a fresh fillip as Wigoder promised record profits in the current year.

NPower has taken over Telecom Plus' energy-buying operations, along with an option to buy management's 29pc stake in 2009 at a price based on a set formula.

Based on analysts' earnings expectations NPower's strike price would be somewhere near 300p, which would represent an impressive return over three years.

The arrangement makes Telecom Plus pretty much bid proof for now but shows that NPower has confidence in the low-cost business model pioneered by Wigoder, who built Peoples Phone into a sizeable mobile phone service before cashing in millions by selling it to Vodafone in 1996.

Telecom Plus owns no network but buys in bulk and seeks to undercut larger rivals. Not only does it not have to build or repair switches and pipes, but it sells through agents and sub-agents so it has minute marketing costs - customers are given incentives to win new business from friends and family.

On 15 times forecast earnings, falling below 12 for 2008 and yielding 2.6pc, there is room for upside.

Whitbread

will this not run into a barrage of sellers?

hmm a meastro thread.. bound to be crap

Some largish purchases today presumably the company share buy back programme in action. Looking ahead after the current volatility disappears after the city heavy weights return from the far away beaches, then TEP will improve further on the back of a recent positive trading statement.

tipped by Tom winifrith last week with a 2 year target of 300p-350p with good yield too

finished Friday at an all time high 300p should be possible when the trading update is released next week.

Feck me, maestro actually picked a winner, gotta be a first :)
(Well, not maestro exactly, Questor to be precise)

If you tip as many as maestro your bound to get one right one day.

lets face it he's bound to get one right sooner or later its the law of averages.

Maestro is a fliping genius.

lol

I can't believe that maestro takes the Torygraph. Were his chips wrapped in it or something?

Have you any more pearls of wisdom Maestro O Great One..?

Hats off to Maestro O wise one.

300p sometime.

Breaking higher today on its way to 300p(again)..lol.

Did you see that closing spike...

Breached 300p today .

Have belatedly bought back in; should have been back sooner. Had really good run in 2003 then watched the collapse. However, they are an excellent supplier - increases in energy costs lower than others; I think because they operate generally on a cost plus basis. Volume is increasing with relatively fixed overheads meaning a disporportionate growth in profits. Can't see any reason why they shouldn't proceed to recover 400p. One fly in the oint ment might be a reported buy out option for nPower - anyone shed light on it?

Eric

Have belatedly bought back in; should have been back sooner. Had really good run in 2003 then watched the collapse. However, they are an excellent supplier - increases in energy costs lower than others; I think because they operate generally on a cost plus basis. Volume is increasing with relatively fixed overheads meaning a disporportionate growth in profits. Can't see any reason why they shouldn't proceed to recover 400p. One fly in the oint ment might be a reported buy out option for nPower - anyone shed light on it?

Eric

Welcome back EW 400p sounds great.
Stay away from financials .

EW go to TEP's RNS dated 16th February 2006 which explains the nature of the put option and the sale of Charles Wigoder's and other directors shares to N Power.

Belated thanks. I see Mitzy summarises it in the header. 300p now looks cheap for Wigoder's stake. I expect he has bought additional shares since the agreement which would not be covered; anyone shed light on that? One wouldn't want Wigoder to lose interest as he is an impressive operator.
Eric

Surprised not to see any posts after TEPs excellent results yesterday. Even the tips colums is pushing them. What I particularly liked is the forecast of dividend growth which should stop any price reaction after the recent rise.

Eric

great in it

Have a look at the five year chart (didn't manage to past it!). TEP reached 400p just over 4 years ago. They fell from grace with rising energy costs which they had not hedged. They are far stronger now. A key point is that they are the only inclusive supplier of energy and telecom services. They are content to achieve a given % of sales value so are not seeking to make the quick kills that so many in the energy market are. Their sale people are on a franchise basis so there are no fixed costs there. I think it is onward and upward for a long time to come.

Eric

Still hold maestro...?

Came across todays trading update which is worth a look. The company seem to be benefit from the economic environment as customers look for cheaper utility deals. They also have plenty of cash 36.8m, and seem very bullish about growth going forward.

The sp has held up well since the trading update on Tuesday, when you consider the weak market. An interesting point is the statement saying they are looking to double the workforce during the next 3 years. How many other companies are doing this in todays environment?

Finals are due 20th May with estimates of 25p EPS which gives a PER of 13.3p, which may seem high given todays average PEs. But business that thrive in a recession are hard to find now. Anyway I have brought in, and will keep a tight stop in place. Hoping to see a steady rise upto results, may even see some upgrades from the brokers, or comment in the press.

Can't get excited about this one at all....sold out at a small loss...after results....where is the growth going to come from ?, only by acquisition it seems ! the sp at the moment is being supported by that dividend...take that out of the equation and I reckon the sp would plunge !, this company has got to be at a stage where I can't see it getting any bigger, I mean : "telephone and electricity" by word of mouth ?, that will only go a certain distance !...I myself don't get it from them...too much competition is what it boils down!...they themselves could be taken over but that's a long distance shot...views welcome !.

rf see post 23 re N Power option then think again!

Thanks, .. I will have a read.

after an 8% drop in sp and a decent dividend in a couple of months, this popped up in my Income screener. Then I remembered my friend was raving about how good it was as he is a customer; (he does not trade shares so has no interest in ramping!) so I think I may go for it - it can't be any worse than BT which sp has stagnated.

This company gives a very good dividend but is it not already priced into the sp ?, because if it is : it will pull back by probably more than the dividend in pence, I remember Amstrad (Sir Alan Sugar's outfit) giving a massive dividend to recompense shareholders only for the share price to drop like a stone after it went exdividend....I would have done better to have sold when it was first announced !.

Interim results due tomorrow.

Missed out on this.....I kept on seeing the sp go up a little thinking...: this won't go any further and now it's at 4 nearly......TW and Robbie Burns are in on this and what an increase....the sp did nothing for a year and then the climb started.....still cannot make out who would want telephone or broadband from these people.....unless their prices are far cheaper than anybody else.....would have to do some checking up on this.....this company gives an excellent dividend.......so I do have regrets not getting some of these.....

Why isn't maestro posting since he started the thread ? did he sell soon after.

The share price is holding up well.

Telecom Plus which trades as The Utility Warehouse, is a utility company with a difference, adding telecoms services to the bundle. It's doing very well, and will report its interim figures on Tuesday -- and it's pre-close statement last month was pretty positive. Profits and dividends have been rising steadily, and the share price has more than doubled in the past two years. And although growth might be slowing a little, it's expected to continue for some time yet.

Tempting opportunity to play the bounce from the 200 DMA.

StockMarketWire.com
Telecom Plus (trading as the Utility Warehouse), expects full year profits expected to be marginally ahead of market expectations for the current financial year.

In an interim management statement to cover the period from 1 October 2011 to 12 February 2012, the Telecom Plus board pointed to a recent acceleration in organic growth; improving customer quality and total Group services up by 51,529 during the quarter to 1,322,168.

The company also confirmed its intention to pay a total dividend of 27p for the current financial year (2011: 22p)

A board statement said: "We have continued to make encouraging progress since the half yearly report issued in November 2011, notwithstanding the usual slowdown in distributor activity over the Christmas and New Year holiday period.

Customer numbers for the first 9 months of the year are ahead by 31,180, and service numbers for the same period are ahead by 151,032. These represent annualised growth rates of 11% and 17% respectively."

TEP TELECOLM PLUS.

Lovely chart breakout and Yes looks like
we have seen the bottom.

Not only that but look at MACD
positive divergence with the SP on the chart
the most bullish of all MACD Buy signals.

">

TEP Telecolm Plus..

Good to see strong Broker backing
............

Telecom plus PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Peel Hunt
12-03-12 BUY 30.46 33.22 27.00 33.98 37.54 28.00
N+1 Brewin
05-03-12 BUY 30.20 33.10 27.00 33.50 36.80 29.40
FinnCap
13-02-12 BUY 30.60 32.80 27.00 35.10 35.50 30.00
W H Ireland Ltd [R]
13-02-12 SELL 26.60 27.80 22.00

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 30.42 33.05 27.00 34.17 36.66 29.09

1 Month Change 0.16 0.19 0.00 0.12 0.21 -0.05
3 Month Change 0.40 0.42 0.01 0.31 0.36 0.11


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 53.33% 10.54% 10.92%
DPS 7.32% 22.73% 7.73%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £28.58m £28.94m £32.43m
EBIT £27.50m £m £m
Dividend Yield 3.46% 4.24% 4.57%
Dividend Cover 1.36x 1.22x 1.26x
PER 21.29x 19.26x 17.36x
PEG 0.40f 1.83f 1.59f
Net Asset Value PS 68.97p p p

Moving up nicely this afternoon.

Well done with this GF - I saw your posting earlier, but did nothing!

Still cheap and Robbie B is likely to jump back on board with his sheep. You know what that will do to the SP.

Telecolm Plus TEP

Client Sentiment on IG Index
is very bullish. It updates every
15 minutes and is used as a proxy
for shorting aswel.

Client Sentiment

LONG 96% of IG clients with open positions in this market expect the price to rise

4% of IG clients with open positions in this market expect the price to fall

Telecolm Plus TEP

WOW just found these updates on
Digital Look... i must be slipping
Fantastic broker SP targets

Date Broker name New Price Old price target New price target Broker change

13-Feb-12 Peel Hunt Limited Buy 645.00p 850.00p - Reiteration
13-Feb-12 FinnCap Buy 645.00p 760.00p - Upgrade

A 850p SP target and a 760p upgrade.

Very nice.

17p final divi, but can't find ex-divi date. Any idea please?

No just had a look on IG index on their new platform nothing there. is it on their new site Harry?.

Ill ask around.

Had a look at the Telcom Plus website, but no date evident. Just "Our final results for the year ending 31 March 2012 will be announced on Wednesday 23 May 2012 " so I assume a late may early June date for the divi.

Yep thats what Ive seen so far.

Amazing company as this has not suffered in the downturn.....I shall have to take a closer look at their prices for telephone, broadband......etc...when I have a moment.....wish I had invested in these...

RF if you go over to advfn today theirs posters discussing the services they provide and the offers you can get . really interesting on the TEP thread there.

Telecolm Plus TEP

On the weekly candles A BUY -IF now
validated with todays SP action
ie, it should read BUY tomorrow
on this site.

Often put down and sneered at this
site but if you know how to use candles,
technicaly its an excelent trading/
investment tool.

http://www.britishbulls.com/weekly/StockPage.asp?CompanyTicker=TEP&MarketTicker=Telecommunications&Typ=S

TEP Telecolm Plus

Nice to be able to put some SP
targets to the Broker buy recommendations.

Heres the lates figures from Digital
Look...............

Date Broker name New Price Old price target New price target Broker change

13-Feb-12 Peel Hunt Limited Buy 645.00p 850.00p - Reiteration
13-Feb-12 FinnCap Buy 645.00p 760.00p - Upgrade
22-Nov-11 Brewin Dolphin Buy 732.00p 705.00p 925.00p Upgrade

So SP targets range from 760p
to 925p.

Very Nice.

A BUY- IF flagged up on the weekly
candles.

http://www.britishbulls.com/weekly/StockPage.asp?CompanyTicker=TEP&MarketTicker=Telecommunications&TYP=S

TEP Telecolm PLUS

Brokers like this stock.....

Telecom plus Broker Views

Date Broker Recommendation Price Old target price New target price Notes

13 Feb Finncap Buy 693.00 760.00 760.00 Upgrades
13 Feb Peel Hunt Buy 693.00 850.00 850.00 Reiterates
13 Feb N+1 Brewin Buy 693.00 925.00 925.00 Reiterates
09 Dec N+1 Brewin Buy 693.00 925.00 925.00 Reiterates
06 Dec N+1 Brewin Buy 693.00 925.00 925.00 Reiterates

Telecolm Plus (tep)

Long Term Historical Chart giving some
idea as to the future SP............

TEP TELECOLM PLUS

N+1 Brewin maintained its "buy" stance on Telecom Plus (TEP) with a target price of 925p. The multi-utility business is introducing a range of new tariffs as well as multiservice sales, which the broker believes will increase its attractiveness to customers. Brewin pointed to a number of incentives to customers who buy four or more core services, such as 10% off energy in the first year. The broker also noted the firm's plan to provide fibre optic broadband, which could lead the way for a TV offering. Shares in Telecom Plus inched up 6p to 693p.

Trading Update and Notice of Results
Telecom Plus PLC (trading as the Utility Warehouse), which supplies a wide range of utility services to both residential and business customers, today issues a trading update for its financial year ending 31 March 2012.

Highlights
· Strong fourth quarter

· Results in line with recently upgraded market expectations

· Half of new customers now taking at least four services

· Final results expected to be reported on 23 May 2012

· Intention to recommend a final dividend of 17p per share (total dividend of 27p per share)
The last quarter of the current financial year has seen a continuation of the positive trends referred to in our Interim Management Statement issued on 13 February 2012.

Cracking trading Statement from TEP

..http://www.investegate.co.uk/Article.aspx?id=201203300700103999A

Telecolm Plus (tep)

Long Term Historical Chart giving some
idea as to the future SP............

Telecom Plus: Peel Hunt reiterates buy rating and 850p target.

july ex divi

Telecolm Plus TEP

Brokers By and Large very Bullish.....

SP a fair way to go yet to reach historical
level on the P/E of 23/24 2011.

Telecom plus PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Peel Hunt
27-03-12 BUY 30.46 33.22 27.00 33.98 37.54 28.00
N+1 Brewin
26-03-12 BUY 30.20 33.10 27.00 33.50 36.80 29.40
W H Ireland Ltd [R]
16-03-12 SELL 26.60 27.80 22.00
FinnCap
13-02-12 BUY 30.60 32.80 27.00 35.10 35.50 30.00

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 30.41 33.05 27.00 34.16 36.67 29.08
1 Month Change 0.16 0.19 0.00 0.12 0.22 -0.05
3 Month Change 0.40 0.43 0.01 0.31 0.37 0.11


GROWTH
2011 (A) 2012 (E) 2013 (E)
Norm. EPS 53.33% 10.54% 10.96%
DPS 7.32% 22.73% 7.70%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £28.58m £28.94m £32.41m
EBIT £27.50m £m £m
Dividend Yield 3.18% 3.90% 4.20%
Dividend Cover 1.36x 1.22x 1.26x
PER 23.14x 20.94x 18.87x
PEG 0.43f 1.99f 1.72f
Net Asset Value PS 68.97p p p

Digital Look Premium.

StockMarketWire.com
Telecom Plus reveals that pre-tax profits for the year increased by almost 12% to £30.7m (2011: £27.5m) on revenue up by 12.6% to £471.5m (2011: £418.8m). Earnings per share for the year were 33.8p (2011: 30.1p).

The rise in revenue is due to strong organic growth in the number of customers using its services.

The company is particularly encouraged by the 18% growth in the number of services it is providing, which reached 1,381,023 (2011: 1,171,136) by the year end - an increase of almost 210,000 services during the year.

This has been driven by a doubling in the proportion of new Gold Status customers taking at least four of the core services (Gas, Electricity, Home Phone, Mobile and Broadband) to almost 50% during the course of the year, and means that the average number of services taken by each residential Club member has increased to 3.63 (2011: 3.43).

Breakout?

Ex-div 18th July '12 (17p)

Telecom Plus's interim profits to hit new record
9:02 am by Philip Whiterow Telecom Plus added that the number of customers taking at least four services has exceeded 55% in each of the last six months.

Multi-utility provider Telecom Plus (LON:TEP) expects half-year profits to be well ahead of a year ago after another healthy rise in new customers.

The group, which owns Utility Warehouse, had 438,000 customers at end September, an 11% rise on six months earlier, while there was a 16% increase in the number of services supplied at 1.49 mln.

Telecom Plus added that the number of customers taking at least four services has exceeded 55% in each of the last six months, with the average for each residential club customer now at a record high of 3.72.

The company is now focusing its efforts on customers who take a combination of gas, electricity and phone and mobile. This is reducing churn levels and also boosting average revenue per user it said.

The company added it was comfortable with consensus full year market expectations for both earnings and dividends despite additional short-term costs arising from the focus on higher quality customers.

"We anticipate that our half yearly report will show pre-tax profits and earnings per share that are firmly ahead of the figures for the comparable period last year. Shareholders can expect a significant increase in our interim dividend payment, as we move towards a more even split between our interim and final payment each year in future," the firm said.

Andrew Lindsay, chief executive, added: "We are confident that we can build upon this strong performance during the second half of the year, and meantime look forward to announcing record half yearly results in November."

Shares rose 14p to 886p.

For a utility supplier Telecom Plus (TEP) is growing at a blistering pace. Half year to end Sept figures show revenue up 30% and earnings nearly 10% higher. Limited capital needs mean the firm can afford a dividend payout ratio of roughly 80% for the full year. The company is forcast to distribute 31p this year, equivalent to a 3.5% yield. This £627 million cap has tapped barley 1% of an estimated £50 billion market
so there is enormous scope for future growth.

Interim Management Statement


Highlights



· Confident of reporting full year profits in line with market expectations

· Continued strong organic growth

· Improving customer quality

· Total Group services up by 55,488 during the quarter to 1,544,233

· Strong underlying cash generation

· Intention to increase total dividend by 15% to 31p for the current financial year (2012: 27p)



http://www.moneyam.com/action/news/showArticle?id=4536014

Telecom Plus to boost divi by 15 per cent
By Natasha Roberts

Mon 11 Feb 2013


LONDON (SHARECAST) - Telecom Plus, the FTSE 250 utilities services provider, said Monday that it was confident that it will report full year profits in line with market expectations, following a period of continued strong organic growth.

It said underlying cash generation has continued to be strong, while total group services were up by 55,488 during the quarter ended December 31st to 1.54m.

As such, it plans to increase its total dividend by 15% to 31p for the current financial year (2012: 27p).

Chief Executive Andrew Lindsay said: "The business has delivered another strong performance over the period and I am particularly pleased with the sustained improvement in customer quality and the strong growth we have achieved in the number of services we supply."

"The high levels of distributor activity we have seen since the beginning of January, and the increased interest being shown by new distributors in taking advantage of this exciting business opportunity, bode extremely positively for the year ahead."

"Our confidence that we will announce record results when we report our full year figures in May is reflected in our commitment to a substantial increase in the total dividend for the year."

The company said that since the beginning of the year, distribution channel activity bounced back strongly after the traditional Christmas lull, with a significant increase in the number of new distributors joining the business over the last few weeks. It also said that it has made "good progress" developing its online presence, and has begun to see encouraging results from marketing additional services to existing members of its residential club.

Customer numbers at the club increased by 41,156 and service numbers have increased by 210,237 over the last 12 months, representing year-on-year growth rates of 13% and 18% respectively. The number of services taken by these members continues to climb, and has now reached an average of 3.76 (2012: 3.58).

"This reflects the continuing high proportion of new members taking at least four major services, which remained at over 55% for the quarter. These high quality members now account for 38.1% of the residential Club, up from 33.8% at the end of our last financial year," Telecom explained.

Opus Energy Group, in which Telecom has a 20% equity investment, is performing ahead of budget and is on track to deliver record turnover and profits for the current financial year

Climbing very nice in 2013.

On Wednesday, Telecom Plus PLC (TEP:LSE) closed at 996.00, 2.13% below its 52-week high of 1,017.7, set on Feb 22, 2013.


Consensus recommendation
As of Feb 23, 2013, the consensus forecast amongst 2 polled investment analysts covering Telecom plus PLC advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Jul 19, 2012. The previous consensus forecast advised investors to purchase equity in Telecom plus PLC.
.


http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=TEP:LSE

The Naked trader 27 Feb -


Telecom Plus (LON:TEP) tries hard to get above the tricky tenner. All looks on track and I would expect a nice steady rise this year. It seems to have cracked the 900 area for now - cracking a tenner is going to take a few attempts, I would expect 1200 sometime later this year. Website profits of well over £100,000 and personal profits of more £300,000. I just continue a long-term holder.

DC - I don't doubt Robbie Burns for one second, don't forget though that he has a personal interest in this share. Remember his mantra 'never fall in love with a share'. Unless of course you are a long term introducer :O)

Sold my holding, been in since Nov 2011 at 760p :-))

Nice one DC.

Thanks Chris, starting to take some profit now.

Ex-div wed 18th July, 18p.

what happened

LISTEN: Andrew Lindsay, CEO of @telecomplusplc, discusses the recent acquisition and half year results.

Click here to listen

Telecoms and utility group Telecom Plus reported today that revenue was up 17% to £245.8m in the half-year to end-September, reflecting continued strong organic growth. Profit before tax rose 10.1% to £13.7m.
I AM LOVING IT

Sold half.

Highly rated stock by IC.
Will post full article when I get a moment.

HC: Have been following this for some time and watching it drop ... perhaps
your article throws some light on this!

Apologies for slight correction to my earlier post. Article is from Shares Mag (Steven Frazer).
"Top quality execution and great visibility, multi-utility Telecom Plus have both in abundance. The UK utility market is estimated at £50 bn per year, putting the company's anticipated near £800m of revenue, for the year to March 2015, into perspective (1.6% market share). Beating the big power providers on service is key, but so is the unique Telecom Plus model (trading as Utility Warehouse), which typically starts supplying gas/electricity, then progresses to cross-selling home phone, broadband, even mobile calls, texts & data. Selling more than 1.9m services across 495,234 (as at end of march) residential customers (530,639 including business users), earnings quality is improving with nearly a quarter of new customers taking Gold membership (five services). That's helped ARPU (av revenue per cust) to more than double since 2006, to £1,302 in 2014, a modest 4.5% decline on 2013 but only because of lower fuel consumption after a very mild winter. Earnings estimate for March 2015 of 67p per share (according to FinnCap estimates) imply a premium PE multiple of 19.6, but few other stocks can match TEP for growth potential, defensive attributes and a rough 80% EPS to dividends payout ratio that implies more than 50p per share of income this year."

TEP racing after interim statement.

TEP Telecolm Plus see chart below is this the bottom?, have you seen the Buy Volume today. Big Director buys monday............Speculative Buy ???

Telecom plus PLC

FORECASTS

2015 2016
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Peel Hunt LLP
26-01-15 BUY 62.97 63.71 40.00 73.49 74.14 48.00
FinnCap
20-01-15 BUY 62.90 64.40 40.00 74.70 76.60 47.00
Westhouse Securities
18-12-14 BUY

2015 2016
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 62.94 64.05 40.00 74.09 75.37 47.50
1 Month Change 0.00 0.00 0.00 0.00 0.00 -0.00
3 Month Change -0.94 -1.15 0.00 -0.10 0.06 1.43

GROWTH
2014 (A) 2015 (E) 2016 (E)
Norm. EPS 3.87% 61.44% 17.66%
DPS 13.33% 17.65% 18.75%

INVESTMENT RATIOS
2014 (A) 2015 (E) 2016 (E)
EBITDA £42.46m £62.60m £73.06m
EBIT £37.37m £61.90m £72.70m
Dividend Yield 3.46% 4.07% 4.84%
Dividend Cover 1.17x 1.60x 1.59x
PER 24.75x 15.33x 13.03x
PEG 6.40f 0.25f 0.74f
Net Asset Value PS -23.19p p p



Telecom plus broker views

Date Broker Recommendation Price Old target price New target price Notes
21 Nov finnCap Buy 1,025.00 2,000.00 1,880.00 Reiterates
19 Nov finnCap Buy 1,025.00 2,000.00 2,000.00 Reiterates
10 Oct finnCap Buy 1,025.00 2,000.00 2,000.00 Reiterates
16 Jul Beaufort Securities Buy 1,025.00 - - Reiterates
15 Jul finnCap Buy 1,025.00 - - Reiterates

Telecom plus director deals

Date Director Type Volume / price Trade value
26 Jan 2015 Melvin Lawson Buy 25,000 @ 985.00p £246,250.00
26 Jan 2015 Julian Schild Buy 25,000 @ 985.00p £246,250.00
26 Jan 2015 Charles Wigoder Buy 25,000 @ 985.00p £246,250.00

Timed my entry well here, 2 up days so far.

Better not say too much..........might go tits up.

you mean like mrw? :-)

or HOC ;))

MRW I made a quick profit as I did with HOC. In fact a fairly big profit with HOC.

Cyners better not to Buy a company like FOXT for a short to med term trade and then finds yourself holding for the long term because you couldnt stomach taking a short term loss.

In fact its YOU that spreads the gospel of 'taking a profit does'nt hurt anyone'. (: -)


I would tend to agree but under different circumstances when using an entry trading system, rather than a pin like yourself.

Now help yourself to a gift................................

Now hey come on lads, fairs fair he is Mr. 99% isn't he? All part of the Billy Liar Tribute Act, at this rate in line for an Oscar.

StockMarketWire.com
Telecom Plus anticipates reporting FY adjusted pretax profits of £52m-£53m after taking account of the current year c.£6m impact of higher than anticipated leakage and theft in the gas system.

Excluding this impact, the outcome will be below the level we were expecting to achieve, due to the cumulative effect of retail energy price reductions during the fourth quarter and lower energy usage during the year (mainly caused by un-seasonally warm weather).

The Board re-iterates its intention to recommend a final dividend for the current year of 21p per share, making a total of 40p for the year, and representing an increase of 14% over last year.

Telecom Plus' board does not believe the combination of unfavourable circumstances which has prevailed throughout the last financial year will continue indefinitely, and expects the industry-wide gap between the standard variable tariffs currently paid by most customers and the cheaper introductory short-term fixed tariffs available to new customers will start to narrow over the coming year.

"This should enable us to deliver further strong organic growth in the number of customers using our services of between 40,000 and 60,000 over the next 12 months.

"Notwithstanding this anticipated improvement in our competitive position, the outlook for the new financial year is subject to more uncertainty than usual, with the overlay of political and regulatory dimensions on top of any possible impact from movements in the wholesale energy markets or fluctuations in consumer demand caused by un-seasonally warm (or cold) weather.

"The forthcoming general election and subsequent announcement by the CMA of its preliminary findings expected shortly thereafter will help to provide greater visibility, although as previously indicated, the unique nature of our long-term energy supply arrangements with npower should insulate us from the worst effects of any possible government imposed price freeze or regulatory intervention aimed at reducing tariffs.

"The Board expects the growth trend in customer numbers already observed will result in the Company reporting an increase in adjusted pre-tax profits for the year to March 2016 to between £54 million and £58 million, notwithstanding anticipated further energy price reductions following the general election and the steps recently taken to improve the Company's competitive position.

"In the absence of unforeseen circumstances, this should enable us to increase the dividend by at least 15%, to not less than 46p per share."

Highlights for the year to March 31, 2015 are:
· Customer numbers for the year ahead by almost 11% to 587,223

· Service numbers up by 207,416 to over 2.1m

· Expected final dividend of 21p making a total of 40p (14% up on last year)

· Record attendance at recent Partner sales conference

· Launch of new two-year fixed price energy tariff

· Balance sheet write down of unbilled energy debtor with no impact on cash

· Strong profit growth expected for 2015 but significantly below market expectations

· Slower profit growth expected for 2016 with dividend increasing by 15% to 46p

Top faller today.

Was a darling of the stockmarket.......one I missed out on....now the graph shows a dive......could never understand what drived this....so much competition in the energy sector.....why did this shine so brightly ?.....anyway....divi or not .....have to wait to see how this pans out....

StockMarketWire.com
Telecom Plus has hiked its FY pretax profit by 21.3% to £42.1m, with revenue up 10.5% to £729.2m. FY dividend as up 14.3% to 40p a share.

CEO Andrew Lindsay commented:

"I am very pleased with the double digit growth that we have delivered in the face of unprecedented headwinds this year, and take confidence from this strong endorsement of our unique business model.

"We remain focussed on genuinely looking after our Members: this is the bedrock of our business model and we were therefore delighted to have been shortlisted by Which? as 'Best Telecom Services Company' in their 2015 Annual Awards.

"It is through continuing to earn the trust of our Members, and treating them fairly, that we will achieve our medium term goal of supplying a million households.

"We wholly support the pressure that the Secretary of State is applying to the 'Big 6' energy suppliers to pass their lower wholesale costs onto the majority of their customers, by reducing their standard variable tariffs.

"Furthermore, we encourage the Competition and Markets Authority to be bold in addressing the fundamentally unfair and increasingly prevalent practices in the energy markets that are clearly detrimental to the majority of UK consumers.

"Looking forward we are confident that we will deliver record revenues, profits, and earnings per share for the current year, and expect to increase our dividend by a further 15% to 46p per share."

What is the reason for drop in SP today.


Date Broker New target Recomm.
6 Apr Berenberg 1,000.00 Hold
21 Mar Peel Hunt 1,150.00 Buy

I look forward to hear an answer!

I am happy to read one, but Beremberg dropped TP from 1400-1000.

But projected earnings and yield would suggest different!

Consensus recommendation

As of Apr 06, 2016, the consensus forecast amongst 5 polled investment analysts covering Telecom plus PLC advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Feb 10, 2016. The previous consensus forecast advised investors to purchase equity in Telecom plus PLC.

The recent S P drop might also be linked to going ex dividend on 31 March.

Generally, the drop is the day the share goes X-div.

But, end of the year was 31/3/2016.

Where did you get x-div date from?

Also, it has reclaimed a little of the loss.

Have a feeling there were some large sells yesterday.

Divi dates for TEP appear to be mid July & mid Dec each year.

Quite right, I misread the date.

Anybody know the reason for initial 10% and now 7.5% drop in share price?

19/04/2018


StockMarketWire.com
Telecom Plus, trading as the Utility Warehouse, grew its full year adjusted pre-tax profits from continuing operations to around £54m in the year ending 31 March 2018, up from £53.3m the previous year.

Cash flow has remained strong, with the company returning £25m to shareholders through a tender offer in July 2017.

Throughout the year a significant gap remained between the low introductory fixed price energy deals available from some suppliers, and the standard variable prices charged by the 'Big 6'. In addition, the energy market saw record levels of switching, with approaching 20% of domestic customers changing to a new supplier over the last 12 months.

Customer and service numbers advanced over the course of the year to 610,739 (2017: 607,802) and 2,340,719 (2017: 2,288,918) respectively.

The company recently acquired a 75% shareholding in Glow Green, a fast growing supplier/installer of domestic gas boilers and warranty/care plans (which installed around 3,000 boilers last year), for a total initial cash investment of £2m.

The company intends to pay a total dividend per share for the year just ended of 50p (2017: 48p), representing an increase of 4.2% compared with the prior year. The final dividend of 26p is expected to be paid on 3 August 2018, subject to shareholder approval at the AGM which will be held on 26 July 2018.

Adjusted profits before tax for FY2019 are expected to be in the range of £55m-£60m.

At 8:15am: (LON:TEP) Telecom plus PLC share price was +14p at 1102p


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