Telecom Plus – trading update emphasises “encouraging progress”, but how ‘encouraging’ really?
“Trading as Utility Warehouse, the UK’s only integrated platform for subscription-style essential household services”, Telecom Plus (TEP) has issued a “trading update” including stating “encouraging progress, we reiterate our full year guidance for adjusted profit before tax of between £80m to £90m for FY”. What about a share price slightly up to around 850p in response, but comparing to above 1400p as recently as April?


