Tep long term objectives26 Nov 2015 13:09
TEP is very clear in it's approach to business growth - offer good VFM service and therefore retain good quality paying customers, reduce debt as per the extraordinary item earlier this year and keep it down to 2%
Considering market, short term incentives from others to change suppliers and the way in which TEP gather their customers, trading is still very good and there is strength in the customer base, which will increase.
Recent interim figures from them (particularly the narrative) suggests control, profitability and sustainability
Expect SP at £18 to £21 in next 24 months