Telecom Plus (TEP)

Sector:

Telecom Operators

Index:

FTSE 250

1,010.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 1,494.00
  • 52 Week Low: 1,001.75
  • Currency: UK Pounds
  • Shares Issued: 78.78m
  • Volume: 155,576
  • Market Cap: £795.70m
  • RiskGrade: 100

Telecom Plus profit ticks higher, interim dividend maintained

By Michele Maatouk

Date: Tuesday 17 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Telecom Plus reported a small increase in first-half profit on Tuesday and maintained its dividend as it highlighted a "resilient" performance across the business.
In the six months to 30 September, adjusted pre-tax profit ticked up to £27.7m from £27.5m in 2019, with statutory pre-tax profit up 1.8% to £21.5m. Revenue edged down 1% to £349m.

Telecom Plus said the reduction in revenue mainly reflects lower prevailing energy prices and milder weather during the period. This was partially offset by higher service numbers, increased usage by some households during lockdown, and a steadily increasing proportion of customers taking fibre broadband.

The company declared an interim dividend of 27p a share, in line with last year.

Chief executive Andrew Lindsay said: "We delivered a resilient performance during the first half of the financial year, successfully adapting to the challenges created by Covid. Our competitive position improved following the reduction in the energy price cap from 1 October 2020, which has contributed to a recent marked uptick in partner activity and a return to customer growth.

"Over the last seven weeks we have seen a significant increase in the number of new partners joining the business; this is an encouraging lead-indicator for the rate of future customer growth over the coming months. We anticipate low single-digit percentage growth in customer and service numbers for the year to March, and look forward to delivering full-year adjusted profits in line with our previous guidance."

The company had previously guided for full-year adjusted pre-tax profit marginally below the record level it reported for FY20.

However, it also cautioned on Tuesday that the range of possible outcomes for the year remains wider than usual due to uncertainty about the scope and duration of lockdowns in the second half and the wide range of possible impacts they may have on both the economy in general and its business.

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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 1,010.00p
Change Today -6.00p
% Change -0.59 %
52 Week High 1,494.00
52 Week Low 1,001.75
Volume 155,576
Shares Issued 78.78m
Market Cap £795.70m
RiskGrade 100

Telecom Plus Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.82% above the market average59.82% above the market average59.82% above the market average59.82% above the market average59.82% above 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
79.3% below the market average79.3% below the market average79.3% below the market average79.3% below the market average79.3% 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
Income
89.35% above the market average89.35% above the market average89.35% above the market average89.35% above the market average89.35% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
14.34% above the market average14.34% above the market average14.34% above the market average14.34% above the market average14.34% above 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 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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 08-Jul-21 26-Nov-20
Paid 30-Jul-21 11-Dec-20
Amount 30.00p 27.00p

Trades for 17-Sep-2021

Time Volume / Share Price
16:35 97,520 @ 1,010.00p
16:29 14 @ 1,006.00p
16:29 15 @ 1,008.00p
16:29 46 @ 1,006.00p
16:29 49 @ 1,006.00p

Telecom Plus Key Personnel

CEO Andrew Lindsay
CFO Nick Schoenfeld

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