Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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They buy their energy years in advance .
UW (TEPs brand) have just launched guaranteed savings for customers that switch over energy and other services at a time when retail energy prices are only going (substantially) higher. This along with potentially mopping up customers from failed suppliers could be a solid prospect.
This is one share I always look to invest in around the £10 Mark or below.
Reliable earnings, low cash burn of earnings, healthy dividend payer etc
At £10 it's a no brainer IMHO.
I guess the market believes telecom plus will pick up the customer contracts from the energy suppliers which are going out of business at the moment hence the strong rise today.
Interesting to see where this goes from here. I thought it looked like a great place to enter on a technical basis, with a very nice dividend if it sits doing nothing. Now looking like capital appreciation is also on the cards!
Stupid me. I didn't notice the increasing short. I guess it doesn't take much to move this given how quiet a stock it is.
Will be adding if it goes much lower.
TEP needs to shake of the shorters thats why
GLG keep increasing and selling off what they have borrowed
Sub tenner for a moment...... not sure if I should top up or wait a tad longer as this doesnt seem to have stopped falling for ages......B
My fear is that the market deems growth to be over. Hence we won't see a return to anything like £15. Hence it's yet another stock I own on which I'm sitting on a loss.
and most of the troughs are in the months of sept and most of the peaks are in the months of Jan........ weird....... B
Haha yeah true based on the past 5 years. We would all be millionaires if it is guaranteed to be move between £10-£15-£10 every time.
I agree Leapgrog..... seems a tad friendless this at the mo. First purchase @ 1038.... I am waiting for a sub £10 for my second...... long term graphs seem to show that this bounces between £10 and £15 over and over again.... so why not now?.........B
TEP is a good divi stock, founded decades ago and sporting a 10 year track record of reliable payouts. Not a growth stock.
Problems / answers:
1/ The regulator has stepped in to halt "price walking" - this is when a supplier offers initial discounts to pull in new customers, but then "walks" them up to a regular price. Means lots of customer frustration and energy lost churning.
HOWEVER (here's the good part), TEP does not have such a strategy - same price to all customers, old and new. What TEP competes on is quality and peace of mind. Once you sign up, that is it: all your utility bills are covered for the one price, It is transparent and predictable - you can set your budget by it.
Which is why TEP welcomes the intervention of the regulator - he will hit TEP;'s competition!
2/ The recent hike in stamp duty has spooked investors, though to me it seems minor, won't affect my dividend strategy though it will reduce by gains a little. As usual overreaction on the part of investors creates opportunities for someone looking to lower their book price and tuck away for the future.
I bought at 1032 and I bought again today at 1022.
Happy days,
Good luck everybody!!!
It does look as though it 'might' have found a bottom. Happy to add at this price. I've held this before and sold out due to the boredom factor (lucky decision at the time), but it's now hard to ignore it due to the strength of the balance sheet and nice divi.
It seems to be creeping up which is good since I have a large holding and reinvested the divvy. It really has fallen a lot in recent years and don't really see why other than the fact that the growth story is now stagnant and so investors have better opportunities elsewhere. It is a safe stock to invest in at the current price though I feel so might add a few more.
Added some more today as well.
After selling some more non dividend stocks that have risen recently, I decided to add even more TEP today.
Steady company that doesn't have to use as much of it's earnings compared to plenty of other dividend paying companies.
Down 4p
Yes agree with you all. I think we should get a bounce back up today
Decided to add more today & it's showing as a sell on the trade page !
I was just thinking the same
Happy to increase my position here. Improving revenue, attractive dividend, solid balance sheet, good technicals (RSI=32), entry price now near the March 2020 lows.
Bought some at 1049 a day or two ago. Can’t see this going below a tenner, but you never know!
Steady train wreck of a share this. Think the story has run its course or did so a year or more back.
SP always drop on the ex. date by an amount roughly similar to the div, which is a great time to buy, not on the payment date. In this case TEP announced a drop in revenue and profit in June before the div announcement date, so the share price is adjusting. Their PE ratio on tradingview seems to be about 27 currently, with SP at £11.28, which is about average historically, when they have been growing that is, I have a feeling, as the market is declining in general in UK that it will drop further...