Telecom Plus (TEP)

Sector:

Telecom Operators

Index:

FTSE 250

1,214.00p
   
  • Change Today:
      12.00p
  • 52 Week High: 1,528.00p
  • 52 Week Low: 1,130.00p
  • Currency: UK Pounds
  • Shares Issued: 78.43m
  • Volume: 43,122
  • Market Cap: £952.16m
  • RiskGrade: 146

Telecom Plus shares fall after profit warning on price cap impact

By Frank Prenesti

Date: Wednesday 17 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Utility supplier Telecom Plus on Wednesday warned that full year profit would be lower-than-expected as the UK government's price cap hit results in the final quarter.
Shares in the multi-utility provider fell in early trade as it said adjusted full year profit before tax was expected to be towards the lower end of earlier forecasts of £56m, the company said.

It added that underlying cash flow remained strong, although net debt increased to approximately £38m from £11.2m, reflecting higher working capital requirements associated with changes to the phasing of certain energy industry payments, higher technology investment , smart meter roll-out costs and a share buy back in July 2018.

"We are encouraged by the profit outlook for the current year. The combination of accelerating growth in customer numbers and a small increase in our gross margins - resulting mainly from the improved supply arrangements with npower - mean that we expect adjusted profits before tax of between £60m and £65m for full year 2020, with a commensurate increase of (around) 10% in the total dividend to 57p per share in line with our published distribution policy," the company said.

Telecom Plus provides mobile, gas, electricity as well as landline and broadband services.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Telecom Plus Market Data

Currency UK Pounds
Share Price 1,214.00p
Change Today 12.00p
% Change 1.00 %
52 Week High 1,528.00p
52 Week Low 1,130.00p
Volume 43,122
Shares Issued 78.43m
Market Cap £952.16m
RiskGrade 146

Telecom Plus Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.49% below the market average87.49% below the market average87.49% below the market average87.49% below the market average87.49% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Price Trend
5.66% above the market average5.66% above the market average5.66% above the market average5.66% above the market average5.66% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Income
45.19% above the market average45.19% above the market average45.19% above the market average45.19% above the market average45.19% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
52.03% below the market average52.03% below the market average52.03% below the market average52.03% below the market average52.03% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Telecom Plus Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Jul-19 29-Nov-18
Paid 02-Aug-19 14-Dec-18
Amount 27.00p 25.00p

Trades for 23-Oct-2019

Time Volume / Share Price
16:35 27,173 @ 1,214.00p
16:29 3 @ 1,214.00p
16:29 25 @ 1,214.00p
16:29 8 @ 1,214.00p
16:29 9 @ 1,214.00p

Telecom Plus Key Personnel

CEO Andrew Lindsay
CFO Nick Schoenfeld

Top of Page