TEP and the future29 Oct 2013 23:32
I rarely read this BB as it is a bit too boring - no real drama, no speculation about pending RNS's, new bore holes, assay results, new sites, new contracts, IPOs, is today the day we all get rich? Hahh!
At best, a number of posters argue the toss about the integrity of the company, the pros and cons of its tariffs and therefore which way the price will go. (And I found some rather negative comments from posters that I normally rate highly on the AIM BBs!)
Interestingly few people really understand the unique business model, and the true beauty of this share is you can just invest and leave it. I first became aware at £2.80 (in 2008) and asked my IFA to add £10k to my portfolio. A few days later, after speaking to colleagues in the city, she advised against, as it was too 'volatile'. Today I could cheerfully kill her. (Should have had the strength of my own conviction of course)
Eventually after a couple of years watching my ISA stocks portfolio diminish in the hands of professionals I transferred the capital into an ISA trading account, added in my cash ISA and put the lot into TEP. Avg. buy price £6.90. Share closed today at £15.60 - profit to date £66,500. (and that is after creaming off a fair whack to try my hand in AIM) Not an intraday multibagger, but am I happy? Too right I am, and I can sleep at night! Is the divi worth the wait? It's not the best, but it's a few grand extra a year. Is the shareholders' end-of-year discount something to shout about? Well its really nice that in December my UW Club DD puts money INTO my account rather than taking some out.
You can discuss MCAPS, P/E ratios, charts, assets, cashback cards, friends and family discounts, whatever, until the cows come home, but in the scheme of things they are not relevant. You need only to understand this - most months are record months for new customers, new distributors and numbers of new services taken, and they still have less than 2% of the market. It is a self fulfilling prophesy, and whilst the share price does bob up and down a bit, it is really only going in one direction. It will not be that many years before the company hits the FTSE100 (with 6% of the market?) - so do your numbers on the projected share price, and then decide if it is a good stock to hold. This is not 'ramping' (it does that on its own!)
DYOR of course (get along to the meetings - its the only way to get a real feel for the company) Good luck all.
Yes I am a happy customer and yes I am a distributor, but this is not about the business, this is about the INVESTMENT.
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