RE: Telecom Plus (TEP)10 Jan 2014 20:32
Not a chartist myself, but the chance of this share dipping to 10-12 quid is zippo.
With a MCAP of 1,396M and 80M shares in issue this will hover around £17-19 until the next trading update (maybe February) when it will shift up again, probably break £20 on (or in anticipation of) year end results.
The Company, currently, has between 1.5 and 2% of the UK utilities market.
The Company has an ever expanding, enthusiastic team of independent distributors who are amply rewarded for results, (and who therefore deliver the goods) and the CEO believes that 15% of the UK market is achievable. (less than 8% should put the Company in the FTSE100)
The company has secured a 20 year energy deal which enables it to be both more competitive and more profitable (and triggered the last hike in s.p.) Lower energy prices will be announced this month.
This is a long term hold and will just run and run and run.........