Telecom Plus (TEP)

Sector:

Telecom Operators

Index:

FTSE 250

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1,228.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 1,528.00
  • 52 Week Low: 1,010.00
  • Currency: UK Pounds
  • Shares Issued: 78.42m
  • Volume: 17,800
  • Market Cap: £962.96m
  • RiskGrade: 94
  • Beta: 0.00

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.

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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 1,228.00p
Change Today -10.00p
% Change -0.81 %
52 Week High 1,528.00
52 Week Low 1,010.00
Volume 17,800
Shares Issued 78.42m
Market Cap £962.96m
Beta 0.00
RiskGrade 94

Telecom Plus Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.04% below the market average84.04% below the market average84.04% below the market average84.04% below the market average84.04% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
45.57% above the market average45.57% above the market average45.57% above the market average45.57% above the market average45.57% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
26.19% above the market average26.19% above the market average26.19% above the market average26.19% above the market average26.19% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
51.56% below the market average51.56% below the market average51.56% below the market average51.56% below the market average51.56% 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 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
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 19-Aug-2019

Time Volume / Share Price
15:15 91 @ 1,228.00p
15:12 1 @ 1,226.00p
15:12 71 @ 1,226.00p
15:12 176 @ 1,226.00p
15:12 1 @ 1,226.00p

Telecom Plus Key Personnel

CEO Andrew Lindsay
CFO Nick Schoenfeld

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