Telecom Plus (TEP)

Sector:

Telecom Operators

Index:

FTSE 250

1,294.00p
   
  • Change Today:
    -24.00p
  • 52 Week High: 1,552.00p
  • 52 Week Low: 981.00p
  • Currency: UK Pounds
  • Shares Issued: 79.17m
  • Volume: 184,630
  • Market Cap: £1,024.51m
  • RiskGrade: 128

Telecom Plus profits climb following membership growth

By Duncan Ferris

Date: Tuesday 19 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Telecom Plus on Tuesday reported a jump in interim profit as revenue increased on the back of higher customer numbers, leading the company to reiterate full year guidance.
The multi utility supplier recorded profit before tax of £21.1m for the six months ended 30 September, 9% higher than in the same period last year, as revenue rose by 14% to £353m. The dividend was lifted 8% to 27p per share.

The increase in turnover followed a 4% jump in total customer numbers to 645,306, driven by a 4% rise in residential club members to just over 619,000.

Meanwhile, the company said its two new business initiatives, domestic boiler and smart meter installation services Glow Green and UWHS, were both enjoying strong momentum.

For the full year, Telecom Plus said it was on track to achieve growth in customer and service numbers, while it also reiterated guidance for adjusted profit before tax and dividends of £60m-£65m and 57p respectively.

Chief executive Andrew Lindsay said: "Growth during the first half of the financial year saw a continuation of the encouraging performance we achieved during the corresponding period last year, with similar increases in both customer and service numbers.

"Our competitive position has recently improved following the reduction in the energy price cap from 1 October 2019, which will help drive an acceleration in growth during H2."

Telecom Plus shares were 3.4% higher at 1,324p at 1020 GMT.

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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 1,294.00p
Change Today -24.00p
% Change -1.82 %
52 Week High 1,552.00p
52 Week Low 981.00p
Volume 184,630
Shares Issued 79.17m
Market Cap £1,024.51m
RiskGrade 128

Telecom Plus Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.85% below the market average78.85% below the market average78.85% below the market average78.85% below the market average78.85% 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
47.62% above the market average47.62% above the market average47.62% above the market average47.62% above the market average47.62% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
54.62% above the market average54.62% above the market average54.62% above the market average54.62% above the market average54.62% above the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Growth
0.64% below the market average0.64% below the market average0.64% below the market average0.64% below the market average0.64% below the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
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 09-Jul-20 28-Nov-19
Paid 31-Jul-20 13-Dec-19
Amount 30.00p 27.00p

Trades for 29-Sep-2020

Time Volume / Share Price
16:35 122 @ 1,294.00p
16:35 16,136 @ 1,294.00p
16:29 1 @ 1,298.00p
16:29 3 @ 1,300.00p
16:29 3 @ 1,300.00p

Telecom Plus Key Personnel

CEO Andrew Lindsay
CFO Nick Schoenfeld

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