Member Info for Shaun_LSE

It's general market jitters from the new NI tax and dividend tax been voted through. Everything has dropped by 1-2%.

I'm going in deep for the divi, and buying more when it drops ex divid for the next one. Might as well keep a lot of my ££ in BATS long term, as it's so undervalued. Wort it drops and I keep reinvesting the div equivalent on the ex div drop, or it goes up to what it should be and the div is cut. Win win!!

SP always drop on the ex. date by an amount roughly similar to the div, which is a great time to buy, not on the payment date. In this case TEP announced a drop in revenue and profit in June before the div announcement date, so the share price is adjusting. Their PE ratio on tradingview seems to be about 27 currently, with SP at £11.28, which is about average historically, when they have been growing that is, I have a feeling, as the market is declining in general in UK that it will drop further...

https://www.lse.co.uk/news/telecom-plus-expects-earnings-rebound-in-new-year-apd2wqfz1vkguiv.html

Yes they stated today the same 57p div as last year. So 30p to come ps. 2% at current price.

I'm not sure they are doing a dividend in June, 21 it's been hashed out in :

https://www.dividendmax.com/united-kingdom/london-stock-exchange/telecomms/telecom-plus-plc/dividends

A lot of sources state there isn't any cash in the company to pay for it currently...
So wouldn't surprise me if they do forgo a div this year. But if they do, 25-30 pence p/s is 4.75% return on £12.
https://simplywall.st/stocks/gb/utilities/lse-tep/telecom-plus-shares/news/is-telecom-plus-plc-lontep-an-attractive-dividend-stock

This stock has the most wild swings leading upto and after div date. It seems now @£12 is a great time t load up, that is if they do a decent DIV in June.