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is it somehow linked to the gas hike by BG? Perhaps some clause in wholesale gas contracts has been triggered?
The Government is consulting on the price cap for this winter. This is likely to be fixed well below the level that TEP sells energy to its customers. This will expose the high gross margins that they are making compared to the other players in the market and they will have to reduce tariffs. Got to be a good sell opportunity.
Latest RNS out this afternoon, would suggest he is borrowing against a large amount of shares, 1.4 million to be exact. Intriguing.
Latest RNS out this afternoon, would suggest he is borrowing against a large amount of shares, 1.4 million to be exact. Intriguing.
Any truth that Wigoder looking to sell large block of shares?
You could well be correct moneyspider ! The difference is that TEP gets rated highly by Which & most of the big 6 energy providers get panned for diabolic customer service. Plus TEP offers Mobile phone, Landline phone & internet on top of energy to it's customers. Might be wrong, But i think results are due tomorrow.
Now that British Gas have indicated that they are scrapping Standard Variable Tariffs and SSE/npower are to merge. TEP can't claim to be cheaper than the big six anymore, their margins will come under extreme pressure and likely to fall a long way. Plus there are over 80 players in the market. Customers of TEP will soon realise that they are being ripped off. This has got to be a stock that could be a good sell opportunity!
Roller coaster continues!!!! Did someone just ban electricity?, or gas?, or telecoms? or all 3?
some may be selling ,some like myself may still like the potential at this share
are morphing into competition-energy supplier Positive strategic change to focus on building a profitable, sustainable energy supply business http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FLOW&ArticleCode=fsd4lyi1&ArticleHeadline=Halfyear_Report
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This does seem a ridiculous way to provide shareholders with the windfall profits. The subsequent sharp reaction shows disappointment at what was offered. The only positive is the smaller number of shares for distributing future dividends. There have been a few bombshells since TEP began but it remains a worthwhile hold. gpk
A week ago the share tender made no sense, as you could sell on the market for higher, and why sacrifice the 25p divi? Not sure what they are trying to achieve, other than a reduction of shares in issue (and I'm not sure it does that) Today however, almost 50p down, it would have been worth going with the tender and then buying back in, even if you sacrifice the divi. Not my sort of game though - just hold long and strong. Company fundamentals and performance consistently good, though I confess I don't understand the fluctuations in the s.p. To be honest I would have liked to see a straight forward extra dividend payment rather than this tender nonsense.
Any ideas what is going on here? Share buy back not as good as expected but not as bad as the reaction suggests. Can't see any reason this won't bounce straight back with impending 25p dividend. Any thoughts?
With the General Election and Brexit being two major risks for UK investors, finding shares with upbeat growth prospects could become more challenging. Although June's election may appear to be a foregone conclusion and Brexit talks may yield a favourable deal for the UK and EU, the risks of differing outcomes remain. Therefore, it may be prudent to buy strong growth shares which also offer a wide margin of safety, given the risks which investors face. Reporting on Thursday was utility service provider Telecom Plus(LSE: TEP). Its performance in the year to 31 March was encouraging and showed its current strategy seems to be working well. The company was able to deliver modest growth in customer and service numbers for the year, with an encouraging upward trend starting to emerge during the final quarter of the year. This was despite strong headwinds persisting over the last few years and particularly present in first part of last year. As such, the company's performance in difficult trading conditions indicates that it may have a relatively wide economic moat. Furthermore, its cash flow has remained strong and its successful launch of the Home Insurance division could positively catalyse earnings growth over the medium term. Telecom Plus is expected to record a rise in its bottom line of 7% in the current year and is due to follow this with further growth of 9% next year. Although its shares trade on a relatively high price-to-earnings (P/E) ratio of 19.8, they seem to offer excellent value for money given the company's performance track record. In the last five years, Telecom Plus has been able to record rising profitability in every year, which means that its risk/reward ratio may be favourable for the long run. Also offering upside potential over the medium term is software and managed services provider Castleton Technology(LSE: CTP). Although its shares have already risen 13% since the start of the year, they continue to trade on a relatively enticing valuation. For example, they have a P/E ratio of 16.8 and yet are forecast to record a rise in earnings of 20% in the next financial year. This puts them on a price-to-earnings growth (PEG) ratio of just 0.8, which indicates that more capital growth could lie ahead. Clearly, 2017 could be a pivotal year for the company. It has been loss-making in each of the last four years and if it can return a black bottom line this year, its share price could rise. Investor sentiment may pick up in the short term in anticipation of its improving finances. And according to its most recent update, cash flow has been better than expected. This could help to reduce the company's net debt, which may mean it offers an increasingly sustainable growth outlook.
Any investors here have a view on the introduction of QUIP by Telecom Plus?
Hi all, Keep the faith..................TEP have delivered a plus £18 share price before, we are likely to see great growth and SP uplift (its happening already) I will be selling at anything approaching £18 believe me
Possibly due to the fundamental poor growth compared to previous half year results?
Topped up on the good news in RNS bought @ £12.46 then drops and drops,thought £71 million wind fall would boost this share, not quite understanding.
Nice £71m windfall for the company, gives them a war chest to grow the business
Seeing steady upswing after two years of stupid instability in SP Ofgen now at last forcing the issue of Openreach being more available for all suppliers and reducing BT strength. No doubt about it, marketing strat, change in regulation and smaller risky suppliers going out of business is great for longer term SP and the dividend in such a profitable stable business
With pressure on smaller energy providers - GB Energy going bust, this in my view will be good for ETP - they will be able to mop up the customers. A good future lies ahead.
Runkerry1 and everyone else, TEP has a fixed price deal (20 years) for whole sale purchase of energy from npower, future supply costs will herfore be flat. This makes a strong position ..... they also keep on hitting the high notes with the comms bundle too. Which? are still in love with them! So overall customers will continue to enjoy smaller price increases (if any) than those supplied by the big six
Still motoring by the looks of it... Any specific reason why TEP is rising so quickly lately? Is it FTSE linked or likely to be company specific? Long may it continue, as my profit margin is looking rather healthy at present! GLA
That was a good day sp +42p