Telecom Plus (#TEP) - looks like a profits warning, reads very badly
- 2015-04-15 23:26:33
UK 20:25 Friday, 9 October 2026
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Telecom Plus (TEP), which trades as 'Utility Warehouse' and is the UK's only fully integrated provider of a wide range of communications and energy utility services, has updated on “accelerated” organic growth momentum in the second quarter of its year to 31st March 2015 and that it is “comfortable (subject to unforeseen circumstances) with full year market expectations”. The following updates with me having turned bullish with the shares just over 1300p in July.
I previously updated on this website on Telecom Plus (TEP), which trades as ‘the Utility Warehouse’ and is the UK's only fully integrated provider of a range of utility services spanning both the communications and energy markets, in April with the shares then at 1780p – concluding that I’d require a lower prospective rating before considering an investment (see HERE). Post a trading statement earlier this week and with the shares currently at 1312p would I buy?.
The UK’s only fully integrated provider of a wide range of communications and energy utility services, Telecom Plus (TEP), has reported a “continuing strong performance of the business” during the final quarter of its year ended 31st March 2014. It went on to say that “notwithstanding reduced levels of energy consumption by customers during what has been an exceptionally warm winter… profitability for the year to 31 March 2014 remains in line with consensus market expectations”. But what does this mean with the current share price trading at 1780p.
I previously wrote on Telecom Plus (TEP) following a trading update from the company last month, which reported a “continuing strong performance of the business” and saw Chief Executive Andrew Lindsay state that “the opportunities for further significant organic growth over the next few years are immense”. I now update with Lindsay having subsequently sold more than £3 million of shares.
Telecom Plus (TEP), which trades as Utility Warehouse and is the UK's only fully integrated provider of a wide range of communications and energy utility services, has updated that “we remain confident of reporting full year profits in line with consensus market expectations” following a “continuing strong performance of the business”. However, with the shares at 1811p, up from sub 1250p as recently as October, is this all (more than) discounted in a share price that is now a joke?
FTSE-250 constituent Telecom Plus (TEP), which trades as Utility Warehouse and is the UK's only fully integrated multi-utility provider spanning both the communications and energy markets, has announced “a significant acceleration” in positive customer and service number trends during its second quarter ended 30th September. But is that in the price?
Telecom Plus (TEP) - which trades as the Utility Warehouse - the UK's only integrated provider of a wide range of utility services spanning both the communications and energy markets, has updated that “the momentum which was building in the business during the previous quarter has continued over the past three months, with an encouraging increase in numbers across all our core services…
The only fully integrated provider of a wide range of utility services spanning both the communications and energy markets in the UK, FTSE-250 constituent Telecom Plus (TEP) has announced results for its year ended 31st March 2013.
Despite losing the highly lucrative Mir family contract over a year ago it would appear that Telecom Plus, the company and its shares, have been able to go from strength to strength.
It is clearly a scandal how utilities groups make millions and billions a year, and of course even more pathetic that we the consumer keep on paying up without question.
We first recommended shares in Telecom Plus (TEP) on a website we founded and edited at 187.25p in January 2008.
Telecom Plus plc (TEP), which trades as ‘Utility Warehouse’, was a stock Tom Winnifrith initially spotted value in at sub 200p in 2008. Shares in this sole fully integrated UK provider of a wide range of communications and energy utility services have been strong performers almost ever since – currently trading at 1155p and meaning the company is now a FTSE 250 constituent capitalised at more than £815 million.
I previously commented on FTSE 250 integrated supplier of utility services in the UK, Telecom Plus (TEP) in February – noting that I expected the company to continue driving earnings, cash generation and dividends forward in the coming years and that, at 980p, the patient, long-term investor should still earn a decent return from there. Following a trading statement today, the shares are currently 1030p and the following updates…
Known as Britain’s Buffett, Nigel Wray is one of the UK’s most successful investors of the past three decades. I wrote last week about how he had sold £25 million shares in Domino’s Pizza (DOM) at 525p (share he paid 36p for). I am not sure that Wray was right to sell then but you cannot really argue with such a Master Investor. Wray’s only other holding in a FTSE 250 listed stock is Telecom Plus (TEP) – which, since my last article has published an in-line trading statement.
Telecom Plus (TEP), which trades as the Utility Warehouse and supplies a range of utility services (gas, electricity, fixed line telephony, mobile telephony and broadband internet) to both residential and business customers in the UK, has updated that a “continuing strong performance” means it remains “confident of reporting full year profits in line with current consensus market expectations”. The shares trade at 980p on the back of the announcement and are up from sub 300p on a three year view and from sub 650p on a one year view. With a market cap now of approaching £700 million, the following reviews whether there looks to remain value in the shares…
Telecom Plus (TEP), now a FTSE-250 constituent, is a very successful past share recommendation from myself. I recommended the shares at 187.25p in January 2008 on t1ps.com, the site I founded in 2000 and ran until September when I left and set up the Nifty Fifty website. Prematurely, I banked gains at 691p in July 2011. The shares dipped below 600p that August but have since risen again, to currently trade at 975.5p, capitalising the company at more than £687 million. The following details my current view…
