I was just wondering, how do you know the number of new customers that are joining? I can't find that anywhere? Seems very strange that a four-fold increase in customers has happened in such a short space of time and achieved such a major turnaround. If sustained, that would equate to 35,750 new customers in the next 6 months (assuming a 5 day week as well) - wow! Very impressive.
TEP is very clear in it's approach to business growth - offer good VFM service and therefore retain good quality paying customers, reduce debt as per the extraordinary item earlier this year and keep it down to 2%
Considering market, short term incentives from others to change suppliers and the way in which TEP gather their customers, trading is still very good and there is strength in the customer base, which will increase.
Recent interim figures from them (particularly the narrative) suggests control, profitability and sustainability
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