Well.... I got to hold my hands up and admit my call of 600p was wrong however when I first threw caution to the wind here over 3 years ago when the price was around 1400p if anyone took any notice it probably saved some heartache when there has been many better places to invest.
Since Brexit my view of the public has chanced. If people were daft enough to vote leave Europe then they are certainly daft enough to pay over the odds for their Gas and Electric which Telecom Plus have proven. I hold my hat off to Charles Wigoder and his gang of freelancers to keep flogging the services.
Director Deals - Telecom plus PLC (TEP)
By StockMarketWire | Mon, 3rd July 2017 - 17:00
Andrew Lindsay, Chief Executive Officer, sold 25,226 shares in the company on the 3rd July 2017 at a price of 1165.00p. The Director now holds 357,448 shares.
Yes I shorted the shares at a much higher price and that was years ago so different financials .
Let's look at what happened Tep have cashed in THIER Opus holdings the profit from that i.e. Dividends are now gone forever and have been turned into cash and so a buy back option is a sensible idea now if you let the company buy back the shares the dividends will go to Tep and in turn be paid back to shareholders tender is fair value and Tep get to set the rate as they see fair if you think they are under valued buy them if you think they are over valued then let someone else buy them either way your are being offered exactly what you want Owning a share is a bet on its future value and dividends nothing to get emotional about ;-)
Damp squib? Yes just look at the share price...not good for investors!
A tender offer is usually an incentive. This certainly is not the case and it would have been better to of just pulled the plug. We have gone from circ £13 down to £11.50 and those applying for the offer are going to probably be looking at £11.50 as the next 5 trading days won't see much improvement I doubt.
And finally,lets all remember that you were the one many years back, shorting this share as you said there was no future in it etc...interesting....I am sure you remember true shares?
If I sell in the market, I get the market price and the dividend - if I sell in the tender, I get just the market price.
I suppose it might interest a large institutional seller wanting to sell a large block - they might otherwise shift the price downwards by selling in the market - but cant see why a smaller shareholder would take up the offer.
Maybe they changed their mind about wanting to give cash back - they already reduced the amount.
Poor effort. Not be able to get the 24p dividend and no incentive on the share price(normally these tenders are about 10% greater) so it's a bit of a damp squid. Can't see them get much take up tbh but you never know......
"There were upgrades to analyst price target for LSE:TEP:Telecom Plus following 'in line' final results Tuesday. But that didn't stop the shares plunging as much as 13% early doors, from a two-and-a-half year high to a seven-month low.The scale of ..."
Hey psmith no market reaction means fair value perception in my books neither under nor over valued , going back to the accounts one set of figures were conspicuous by thier abcence namely the CHURN figures which I am taken aback that you didnt pick up on with your deep research !
New members comming in at 300 per day in thee lead up to xmas dont know if you saw the article in the guardian today but they seem to be of the opinion that things are on the up . Personally I can see lots more business customer joining next year which will reverse a trend in the absence of TML figures in the last couple of reports
Doesn't seem the wider market shares your enthusiasm Jack.
And you can see why....a good revenue stream disappearing from a business facing very stiff competition.
As we know new take up of customers is very much down from the good days and the freelance workforce must be getting more and more disenchanted at lots of wasted time.
On the last set of results maybe 40,000 + reps fighting over less than 15,000 new customers and with the dark winter nights now upon us not the best to motivate to get out and stand more chance of a wasted journey.
I am sure TEP know something needs to be done on the marketing front if they wish to compete with the many leaving the big 6.
Not special dividend. Looks like a share repurchase coming - so TEP becomes a smaller business - 5m less annual profit spread across ???? less shares. Have to play with the maths when the details come out.
Quite pleased to see that business go - didn't like their ethics.
This is what you said "Strangely I just opened another one this week for the short term as it is easy money when you get spikes for no reason"
I stand corrected: ANOTHER ONE, which means you've got at least two that are underwater - or that you have sold at a loss. Also, as mentioned, financing shorts is not cheap - which must be making those positions even more painful.
As for people guessing and making things up - POT/KETTLE!
Anyhow, I'm sure we'll hit your £6.00 target before long -so you'll be fine.
The last short you took out was when the sp was around £11.00 - as per your post at the end of sept.
Given the sp hasn't fallen below that level since, I'm pretty sure that you are either underwater or lost money by closing the position above your entry point. Add in divs and financing charges, you will be further down.
Accept it, you've got this share wrong for the last couple of years!
Jack.....you never have to worry about my investment decisions.....I have been doing it long enough now.
The fact I don't get greedy means I take profits regularly and that includes on short positions.
You know absolutely nothing about my closed positions or if I have any still open....like a lot of people you just guess.
If you ever visit Salisbury let me know......you will be able to see something very tangible I invested a lot of investment profits in in recent months.
Looking forward to a happy and healthy semi retirement in 2 1/2 years now I can concentrate more on my latest investment.
You have done very well here but unfortunately many haven't some of which invested considerable life savings off the back of hype drummed up at company events. Its a shame that some inexperienced investors have had to learn the hard way and a real shame that their investment here has probably put them off for life in investing again.
I was only trying to help those people with my stark warnings from over two years ago and it was the right thing to do.
Don't get to greedy Jack....I am sure you won't as you do seem switched on.
When this does fall it will be swift....with its slow up in business growth the last few years and it's very complex business model which means many freelancers do it at a loss and lose a lot of free time it is only a matter of time that not enough will be actively involved to replace the churn. They are sailing very close to the wind there IMHO.
This was the most revealing part for me (below), especially the reference to resuming faster organic growth.
"We welcome the recent significant narrowing of the gap between the introductory energy deals offered to customers on price comparison sites, and the price paid by the vast majority of customers on standard variable tariffs; this will result in a fairer energy market for consumers, and should lead to greater confidence amongst our Partners and, in due course, a return towards the higher levels of organic growth we have previously achieved."
Results were not exactly exciting were they and it is a company that is showing signs of maturity with customer gains becoming harder to achieve for what are obvious reasons to some of us......I guess as a forward thinking company they will be working on trying to fix this. If not then they will certainly come under increasing strain from other providers who use more traditional methods of marketing and use of comparison sites.
Just over 5000 new customers from 45,000 freelance network marketers tells its own story that doesn't need much else said about it.
Lol, Im far from dispondent psmith never better in fact, it/s just I like the facts straight as you well know. i've always been scepticle of the npower deal because of the timeing but seem to have deduced the bones and plenty of flesh from the cause and effect its had on the business .
I cant see its remotely possible that 600k not breached , like a hundred meter runner crossing the line half a minute after the gun its just not news worthy , more something to sweep under the carpet and hope no one notices rather than raise a fanfare .
People will work regardless of weather its all about the return the bigger the return the more work gets done its not rocket science falling returns in residual income slowed member growth to negative , I hope for the network sake they start to repay the debt for the loyalty and hard work put in through the headwinds with a little recognition and not take the micheal
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