You missed out also Betterware going into administration in April too.
How is the the business model different money4yourpocket.
Telecom Plus relies on exactly the same MLM sales model as all the others. It needs a freelance sales force go out and sell the services and it needs to keep finding new people go do it as people drop out after finding it's not for them.
I believe in recent years active sales people have declined so in time it may be that Telecom Plus may need to review its sales model as new players to market seem to be getting ahead. They certainly aren't getting their fair share of the Big 6 defectors and the sales growth seems to have tailed off in recent years.
Telecom Plus the owner of the Utility Warehouse multi-level marketing business, slumped after house broker Peel Hunt said short-term trading looks somewhat dull. Ahead of a trading update from Telecom Plus due April 19, Peel Hunt cut earnings forecasts to reflect stressful conditions for incumbents and new entrants in the UK energy market.
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!
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