Telecom Plus (TEP)

Sector:

Telecom Operators

Index:

FTSE 250

1,510.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 1,554.00p
  • 52 Week Low: 1,130.00p
  • Currency: UK Pounds
  • Shares Issued: 78.52m
  • Volume: 77,649
  • Market Cap: £1,185.68m
  • RiskGrade: 133

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 1,510.00p
Change Today -20.00p
% Change -1.31 %
52 Week High 1,554.00p
52 Week Low 1,130.00p
Volume 77,649
Shares Issued 78.52m
Market Cap £1,185.68m
RiskGrade 133

Telecom Plus Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.67% below the market average86.67% below the market average86.67% below the market average86.67% below the market average86.67% 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
59.84% above the market average59.84% above the market average59.84% above the market average59.84% above the market average59.84% above 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
Income
21.94% above the market average21.94% above the market average21.94% above the market average21.94% above the market average21.94% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
49.02% below the market average49.02% below the market average49.02% below the market average49.02% below the market average49.02% 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 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
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
  Interim Final
Ex-Div 28-Nov-19 11-Jul-19
Paid 13-Dec-19 02-Aug-19
Amount 27.00p 27.00p

Trades for 29-Jan-2020

Time Volume / Share Price
16:44 25 @ 1,510.00p
16:37 23,634 @ 1,515.48p
16:37 1,498 @ 1,515.00p
16:37 3,785 @ 1,510.00p
16:37 239 @ 1,510.00p

Telecom Plus Key Personnel

CEO Andrew Lindsay
CFO Nick Schoenfeld

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