I know there's an existing thread for TEP, but I'm blowed if I can find it.
Anyway, things aren't looking too good for this share at the moment. Been on a downward spiral for some weeks, after hitting over 4.
Very low volume today, and sells seem to equal buys, so why the continuing drop? Seriously thinking of getting rid, and taking what is now a very small (and I mean small!) profit.

Any experts on TEP like to add their two pennorth?

Princess

If you had bought at 192 earlier to-day, you would have a profit, but might drop to 185p. Wouldn't touch it as a long hold unless the down trend breaks for 2-3 days. Interesting as it has a yield of about 6%.

customer service of this co is crap sent email they replyed it will take 5 working days for response,phoned after that waiting time to speak to someone was 18 mins i hang up.

Woodie I agree,customer service is not crap it is non existent,I have my gas and electric with them,they are a bit cheaper than most but try to get an estimated reading corrected,forget it and every time I have rang I reckon I've lost any saving I might make by being on hold forever,18 minutes mate,luxury.
wouldn't touch the shares even with your money.

No satisfying some. TEP has serve me well.

T+ now 176 surely this has been overdone. Any views, next support etc.?

Agree with customer service comments, they really need to get their act together
it is very poor in my experience
In order to compete with other Companies they must reduce prices and give a good service to the customers
Reducing prices must in turn reduce the distributors commissions, who along with the customers, are the life blood of the company.
So where does that leave the business ?

Agree rampage

Also recruiting more distributers means more levels of distributers comission. It is a pyramid system. The distributers are also the life blood of the company when initially joining the company gets their relatives and friends to sign up to the services then encourage to be distributers themselves and the cycle goes on.......The first distributers recruited (stitting on the top of the pyramid or the people that started it) are getting the best comissions ie a slice of everyone below. I doubt if the distributers will want to cut their commissions as that is the 'goldern carrot" to becoming a distributer.

Something or someone have to give because the cycle cannot continue.

at last i received a reply not the 5 working days stated but 7 to answer a email customer service? make your own mind up.cheers woodie

Looks like we might not see the magic 150. Oh well! easy come easy go. Once the gas issue is resolved these will be heading back to 250-300. IMO

That's just the bottom of the latest down leg - there'll almost certainly be another to come. IMHO.

Anyone feeling more optimistic out there than brianboru about TEP?

Well there was a nice little tick up today which was a pleasant way to end the week.

Sold all now, energy prices look set to continue -- TEP has broken support down -- next stop 150 and lower!!!

dikytree.

I bailed today as well. Will monitor though and perhaps pick up again if a recovery takes hold.

10p+ drop - anyone any comment ? p/271

AGM Friday i think, see what happens. Not looking good at the moment

Telecom Plus is a multi-utility provider offering telephony, gas, electricity and internet access to consumers, who benefit from lower prices, particularly as they add more utilities from the company. The shares took a hit after the company warned first last December and again in June that it would see continuing losses in its gas business as a result of rising gas prices. As a new entrant, it said, it had not been able to fully hedge against this yet.

However, charismatic chief executive Charles Wigoder, who prior to Telecom Plus founded Peoples Phone, which he sold to Vodafone for 77 million, told Citywire that building the energy business substantially de-risks the business for the longer term. He points to the major energy companies' ability to return margins of 6-7% year after year. The company is also able to acquire new customers at a low cost using a large network of distributors who basically sign up friends and family to the services.

In June we advised investors to take a two-year view on the stock, which still applies.

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=76869&MenuKey=News.Home&NewsPage=4

The chart doesn't inspire!

Big fall recently due worries about gas prices. Fell as low as 120p but has been making a steady return. Barclays have increased their holding (got to be a good sign). Looks like the fall may have been overdone. dyor and be careful because you may miss the boat. 130p mid this morning.

I think a 2year period of watching TEP is sensible. Owning shares in it questionable.

Although Projected yield is juicey if they pay it.