Another possible reason for the fall is people locking in their CGT losses for this tax year, with plans to buy back before the next set of results, which is the most obvious positive catalyst.
TEP share price fall..
I'm amazed at how quickly this has fallen! I agree with the possible reasons for the fall, but it seems very over sold to me.
12 Mar '15
True, but so has most of the other energy suppliers, more like a trend happening. I would be more worried if only Telecom Plus was dropping if all the others were riding high. Having been in on CNA, I am glad I got out of them when I did. I think what you have to bear in mind with the business model that Telecom Plus have, whilst being part of the energy industry, is that there new players (companies) joining all trying to be something different, may well just be niche for the meantime but they have aspirations of changing how we produce & supply energy and giving the end customer a moral choice on energy source, if you believe in all of the 'green' energy, then you may well be prone to pay a little more. If you're business appears to portray the old, established way of doing things, you may well be perceived as being archaic. Also, from the few people I have mentioned Telecom Plus to, there is an element of suspicion as to how they can offer such packages and deals. Until Telecom Plus decide to go through a distribution way of marketing their business, that element of suspicion I'm afraid will always put people off enquiring and giving the whole bundle/package a try. I am LTH of Telecom Plus, and believe they are onto a winner and a newer method of supplying multiple services to the end user in the easiest way possible, but what is good/logical to me may well not be for the next person. This is still a relatively new way of doing business for the average utility customer. GL all invested here!
12 Mar '15
That could be Runkerry1, but the price has been falling for a long time now, way before elections.
11 Mar '15
I would suggest it is probably due to the type of business/industry it is in, and with a General Election just around the corner, going to be the bashed down until we know the outcome, I don't believe it to be solely down to Telecom Plus, as FTSE suffered its biggest drop of the year yesterday.
11 Mar '15
can anyone enlighten me why the share price is constantly bleeding its way under the 1000 mark and only goes back up when there is some director deal etc... I hold shares in tep, and believe it to be worth at least 1500 at a minimum?!!!
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.