I also read the article and also believe it would be a good long term investment, also the directors have recently added more shares which I also see as a plus.... Good luck with your investment!
Decided on monday to buy TEP after reading through Shares magazine " The Perfect Shares " section. Been looking for a dividend paying/ growth share to add to my PF. £ 8.08p looked a good price to enter & i liked what i read about this company. Nothing guaranteed !!! But nothing ventured - nothing gained :). Good luck to all invested
by the dividend yield
RE: Volatile shares
Thanks Goldenegg. The main point I was trying to get my head round is the speed the sp changes. A good example is Tesco today - worst results ever and sp down just 2%. TEP announce the "leakage/theft" statement and drops 23%. I understand why both figures dropped but why does TEP drop (in percentage terms) over 10 times as much as Tesco? TEP is much smaller than Tesco but percentage drops for "a bit of bad news" seems very volatile to me. Nice to see sp creeping back up - IMHO the value should be between £13 and £15.
RE: Volatile shares
Hi Beefy - don't think you can call the sp volatile and it does not 'bounce' between 8 and 20 pounds. It had a very steady climb over several years from a couple of quid up to about 15 pounds, based on the companies very consistant growth. The jump from 15 to 20 pounds was down to an amazing deal the company secured for the supply of energy over a 20 year period. The subsequent drop from near 20 pounds, according to management, was because the FTSE250 lost favour with 'the city' and funds generally were moved to FTSE100 companies. This last debacle is a total over-reaction to the last RNS. The company's results are still outstanding, just not quite as outstanding as had been expected! They are soon to be operating from their new, North London 'landmark building' HQ which has far greater capacity to accommodate the continued growth of the business. This WILL become a FTSE100 company in the not too distant future, the city money will be back and the sp will fly once more. Trust the management, they really do know what they are doing. Follow their lead and top up or invest at these low prices.
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