Telecom Plus Share Price (TEP)

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.