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Telecom Plus PLC (TEP.L)

TEP.L on London Stock Exchange

1,286.00GBp
21 Oct 2020
Change (% chg)

4.00 (+0.31%)
Prev Close
1,282.00
Open
1,286.00
Day's High
1,286.00
Day's Low
1,272.00
Volume
81,056
Avg. Vol
112,946
52-wk High
1,585.00
52-wk Low
907.00

Latest Key Developments (Source: Significant Developments)

Telecom Plus FY Pretax Profit Up 11.9%
Tuesday, 16 Jun 2020 

June 16 (Reuters) - Telecom Plus PLC ::FY PRETAX PROFIT ROSE 11.9 PERCENT TO 48.1 MILLION STG.FY ADJUSTED PRETAX PROFIT ROSE 8 PERCENT TO 60.8 MILLION STG.FY REVENUE ROSE 8.9 PERCENT TO 875.8 MILLION STG.TELECOM PLUS - FULL YEAR DIVIDEND UP 9.6% TO 57P PER SHARE.TELECOM PLUS - GENERAL DISRUPTION CAUSED BY LOCKDOWN LED TO A SMALL REDUCTION IN OUR NET CUSTOMER BASE DURING APRIL AND MAY.TELECOM PLUS - NEW £150M DEBT FACILITIES AGREED UNTIL JANUARY 2023.TELECOM PLUS - CUSTOMER NUMBERS FOR YEAR ADVANCED BY 2.7% (2019: 4.0%) TO 652,237 (2019: 635,039).TELECOM PLUS - LEVEL OF PRICE CAP IS EXPECTED TO FALL ON 1 OCTOBER 2020 BY AROUND £100.TELECOM PLUS - EXPECT PROFIT OUTTURN FOR FY21 TO BE MARGINALLY BELOW LEVEL JUST REPORTED FOR FY20.TELECOM PLUS - EXPECT TO MAINTAIN DIVIDEND AT 57P PER SHARE FOR CURRENT YEAR..  Full Article

Telecom Plus H1 Pretax Profit Rises 9.2% To 21.1 Million Stg
Tuesday, 19 Nov 2019 

Nov 19 (Reuters) - Telecom Plus PLC ::H1 PRETAX PROFIT ROSE 9.2 PERCENT TO 21.1 MILLION STG.H1 REVENUE ROSE 13.6 PERCENT TO 353 MILLION STG.INTERIM DIVIDEND INCREASED BY 8% TO 27P PER SHARE (2018: 25P).HY STATUTORY PROFIT BEFORE TAX UP 9.2% TO £21.1M (2018: £19.3M).ENCOURAGING ORGANIC GROWTH IN LINE WITH EXPECTATIONS IN HY ENDED 30 SEPTEMBER 2019.MAINTAIN OUR DIVIDEND GUIDANCE FOR FULL YEAR OF 57P (2018: 52P) PER SHARE.RE-ITERATE OUR FULL YEAR GUIDANCE FOR ADJUSTED PROFIT BEFORE TAX AND DIVIDENDS OF £60M-£65M AND 57P RESPECTIVELY.TELECOM PLUS- MAJORITY OF SERVICES ARE SUPPLIED INTO HIGHLY REGULATED MARKETS, AND THIS COULD RESTRICT OPERATIONAL FLEXIBILITY OF GROUP'S BUSINESS.TELECOM PLUS - SEEKS TO MAINTAIN APPROPRIATE RELATIONS WITH BOTH OFGEM AND OFCOM DEPARTMENT FOR BUSINESS, ENERGY AND INDUSTRIAL STRATEGY AND FCA.REGULATORY ENVIRONMENT FOR VARIOUS MARKETS IN WHICH GROUP OPERATES IS GENERALLY FOCUSSED ON PROMOTING COMPETITION.TELECOM PLUS- REGULATORY CHANGES, THEIR ACTUAL IMPACT WILL REMAIN UNCERTAIN, COULD INCLUDE, IN EXTREMIS, RE-NATIONALISATION OF ENERGY SUPPLY INDUSTRY.TELECOM PLUS - POLITICAL AND CONSUMER CONCERN OVER ENERGY PRICES, VULNERABLE CUSTOMERS AND FUEL POVERTY MAY LEAD TO FURTHER REVIEWS OF ENERGY MARKET.  Full Article