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

Still here TPlus Guy, Always new it was undervalued when it double bottomed <240s. Bought in and hold medium to long term. I couldn't find anything negative to justify the low price which is the reason why I bought in. To be honest IC did the trick to make everybody realise.

WOW!!! It's certainly motorimg now! Anybody know why, after such a long time in the doldrums?

IC article did the trick but it was well undervalued based on figures

azhar - thanks. Sorry, I didn't read your previous post. DOH!!

Princess,,i hope you held tight!!! Express day is round the corner and i can only guess at what is going to happen this year,,new services i hope??? I think it should steady out over 3 after that..

Tplus Guy

Not sure why it should steady out. Fundamentals are very good: PEG Factor, Price to Sales, even growth in yield. A key factor is whether the 40% sales growth is maintained; there was a big jump last year in profit and we know that, whilst gas has held up profitibility this year, that is temporary. So that underscores a steady rise until the results - any new positive news should just accelerate progress towards the 4 achieved last year.

Eric

Id like to agree with you EW but i havent seen any figures recently of customer and exec growth..But i will be at express day and will tell all on my return.

profit takers moving in. I was expecting that it would now stabalise around 300 until further news from express day etc.. but it is now retracing. Are we heading back to where we started i.e. 240s? Any views

azhar

I see there is no comment to your query a couple of days ago. It seems that the rise was triggered by the IC article. Transactions are just a trickle - if the sells outweight the buys the mm's just mark it down to attract the buyers back in. I think the share is just meandering around waiting for some positive (or negative) news. Tplusguy reports that distributer expectancy is high and expects a positive move on express day next month. As a medium to long term holder, don't worry. I would prefer it to stay down for a while to allow other announcements to get out of the way before I commit some funds.

Eric

Thanks EWR

we are on the move again guys. Maybe this time it will go beyond 300 and stabalise. Express day not far off either.

azhar

Sorry, but pathetic volumes again. mm's are just moving price to attract buyers and/or sellers in. If you are in, as I think you are, just hold and don't take much attention to daily movements based on very small volumes. If you are out and have some money, get in if you can wait a month or two. If you are out and fully committed, like me, just wait and hope that the price doesn't move too much in the next three weeks. Then solid news from express day and we are up and away together!

EWR I have been in since I stated last @ 241 p/s. Will continue to hold until it reaches 350-400 range. As long as nothing untowards happens I have a very strong gut feeling and of course from track record of the company that we will go beyond 400 by early 2005.

azhar
A well timed buy. Agree your assessment - mostly gut, a fair amount of heart and just a bit of head! Hope our princess is still in!
Eric

Flat lining for past week. Well atleast its stable.

azhar

4000 executives expected at Express Day on 17th October. 'Important improvements in services' to be announced. Any announcements there are effectively in public domain so it would be reasonable to expect a significant boost in share price as Exec's rush to buy and positive press comment follows. I am looking to move some funds currently tied up to TEP a few days earlier. Nothing to induce buying at the moment.

Eric

EW... retracing again. Do you recon it's heading back to recent lows again. I think ppl are worried what the express day will bring on Sunday and also high gas prices. T+ also increased gas price by 10% but still are the cheapest. This increase will ease issues with revenues etc.. Any views?

This always happens before express day so dont pannick my friend.We hit our low and can now look forward to steady upward movement..Express will bring a few surprises im sure..

Good ones I hope TPlus... I bought these @ 241 and then topped up @283 so my profits are becoming slimmer by the day.

azhar

In the end of the day, the key question for T+ is the financials. The year to end-March saw turnover up 40% and profits up 80%. I have not followed the share closely enough to judge the likely t/o and profit increase for the interims; I expect there to be a clear indication on trading at express day, probably followed by a press release in order to treat all shareholders the same. If the 40% is repeated together with a 40% increase in pbt, then the share price will soar. The reason is that the present pbt of about 22.5 would drop to 13.5 and then 8 given two years at 40%. It may be that the interims show the revenue growth but not pbt; however that doesn't mean that the 40% is not achieved for the year. I would be very surprised if, given the growth potential of network marketing, if the results do not condiderably exceed 30% pbt growth; that should see the price soaring over 3. Worth then taking a view on price potential before thinking about taking profits. Having said all the above, I have not gone back into the shares as planned. The reason will be clear if you read the ASOS thread where we have been having a bit of fun spotting shares that have the potential to double as quickly as, or quicker than, ASC. I can see T+ adding 50% but not doubling; I would normally be very happy with that but we have a competetive, aggressive team that will not settle for anything less than double!

Good luck and give it a decent rise. I will look forward to reading Tplusguy's feedback.

Eric