Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Continuing nice steady growth and a another increase in the dividend. What's not to like?
buzzing today. Investors have got an engaged tone now after some months of falls and despondency. Good 4% rise so far and I am hopeful that 1300p+ can be achieved by results time in a month. I put a little more on the line yesterday by adding to my holding but am very confident at these levels as the SP is very much underpinned by the divi.
I once read it's never a good idea to buy into a falling trend, but to wait until it has turned upwards. You will inevitably miss the bottom and the lowest price you could in theory have got the shares for, with hindsight. However, buying now is better than buying in the 1200 - 1300 price range of last month, almost £1.00 cheaper per share.
I think this is as good as it's going to get to invest (more) here. If the interims are on track, SP will be back well towards 1300 for the calendar year end. (Though pending no change in government ….. !)
SNN
12 posts in 12 months - must be some kind of record!
Well it's been four months since I last posted here and as expected the share price is below the £13 mark and nicely now touching close to 1200p - so it's in the buy price range. If 2020 comes in in line with forecasts (eps 64 - 67 ish) we can expect a share price a little over 1300p in say 6 to 10 months time, plus a decent dividend (57p ?) so about a 15% return in a year or so. As an investment, 15% is a superb return and TEP should be low risk. The share price is still trending downwards, but 1200 should be strong resistance (20 times historic eps, and a psychologically round number). I'm curious to see if it will hold!
I'm looking to add to my holding (been a SH here for about 11 years) before the trading update due in October. The only cloud below the horizon is political and the possible risk of renationalisation of the utilities!
SNN
As expected ,solid progress with prospective growth this year of around 10% & a divi increase to 57p,giving a yield of around 4%.Longer term potential for substantial contributions from our new boiler replacement service & home insurance.Unlikely to set the world on fire but solid portfolio hold in what may prove to be turbulent times 7 ,at some point,Wigoder may seek an exit.
Yes but Peel Hunt has given a target price of £15.30-feel your prediction-shareNicelyNow-a tad pessimistic?
I suggest caution buying at this price. TEP has always traded on a PER of about 20. Occasionally dropping to 15 when market conditions are against it, occasionally shooting up to 30 on an exceptional outlook (but never lasting). The guidance suggests adjusted eps of 57-59p for 2019 and 63-66p for 2020. Over the next six months the share price is likely to drop back below 1300 and may touch close to 1200. 1750p is a very naïve expectation.
Solid, reliable, recession proof and growing.
Topped up, 1750P+ on the horizon imo
today ,with growth resuming ,further growth expected from new divisions & dividend projected to grow to 57p next year,up from 52p.Fairly high PE ratio but premium due to consistently increasing dividend , delivering on expectation & giving clear future visibility as to the direction of the business.
Hi All, Happy New Year! Great to see the share price holding up well here compared to the rest of the markets. Is this now a little top heavy at current price or do we expect new highs going forward, with the newly introduced tariff price caps now in place, do TEP now become a bigger player within the comparison market?
Oops! Should be corrected as: peaked at £19.59 on 22.Nov 2013 with a volume of 73,200. Launched
around 1996/7 at 10p!
Marl
Lol. They haven't been operating THAT long!
IT systems, office accommodation and service team all ready to meet expansion to the household offer (Water when permitted, home and pet insurance, ?boiler servicing..) .A look at the long history of dividend increases inspires confidence in the management. Government tempering competitors' fancy short term claims will be increasingly important. Still well below their peek of £18.87 in April 1915
Marl
Nice Rise today...Does it do that often?
I thought at some point they were going to add water to their offering ?
Buy a few more Iva to bring your average price down....
Must be good at this price one would hope. I have an avg of around £13 so looking for a return to that level - or hoping.
Well I'm in ivaP...
Not much coverage of TEP here or on ADVFN.
Sudden rise today for no reason I can determine.
Seems a bit undervalued/unloved still given it's a good dividend stock.
Was quite surprised to see TEP fall 3% on RNS day as TEP carries on being a great dividend share!
Should we be worried about this probe ?
Then they should sack the broker and get a new one....................
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have read moneyspider post from yesterday - good call, but perhaps BG hike shows the cap is not fair when no profits will follow a cap due to smart meter mess up.