UK 21:08 Friday, 9 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Yesterday I wondered why shares in fully listed Telecom Plus (TEP) had been dropping, and turned up a few nuggets in its interim statement and, of greater concern, a new £150 million loan facility on the Companies House website. Were these the cause of the drop since the turn of the year? Well perhaps not, for into my inbox has dropped an “underperform” note from top analysts RBS Capital Markets.
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Comments
alcira16247
Nigel
Salute!
I’ve just flogged my holdings in TEP.
You’ve raised too many new questions to ignore and added together with its decidedly wobbly balance sheet and last years negative cashflow, decided a more prudent course is called for in these uncertain times. Why take the risk, especially should the hedging funds start taking a bigger interest in this one?
Anyway, seems there is a smell a la Tesco, here too, not the bullying of suppliers or the contempt for customers, but the funding of dividends through increased borrowings, not a recipe for success, me thinks!
Which brings me on to wondering how Tesco’s £15 billion refinancing efforts are going? (RNS 10th December 2015 @ 16.15pm)
SonOfMeldrew
They have no competitively priced product any more, decline is inevitable unless they change somehow. Just another cynical provider trying to chisel a few quid too much from those who’s inertia prevents them from leaving. A million miles away from the sharp, fresh business of 15 years ago; they have nothing to offer.