New Risk • Jul 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.9% average weekly change). Recent Insider Transactions • Jun 29
Non-Executive Chairman recently bought UK£3.6m worth of stock On the 23rd of June, Charles Wigoder bought around 500k shares on-market at roughly UK£7.10 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Charles' only on-market trade for the last 12 months. New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.8% average weekly change). Reported Earnings • Jun 25
Full year 2026 earnings released: EPS: UK£1.01 (vs UK£0.96 in FY 2025) Full year 2026 results: EPS: UK£1.01 (up from UK£0.96 in FY 2025). Revenue: UK£1.94b (up 5.6% from FY 2025). Net income: UK£80.7m (up 6.0% from FY 2025). Profit margin: 4.2% (up from 4.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jun 25
Telecom Plus plc Proposes Final Dividend for the Year Ended 31 March 2026, Payable on 28 August 2026 Telecom Plus Plc proposed a final dividend of 12 pence (2025: 57 pence), bringing the total for the year to 50 pence (2025: 94 pence) for the year ended 31 March 2026. The proposed final dividend is subject to approval by shareholders at the Company's AGM which will be held on 17 August 2026, this will be paid on 28 August 2026 to shareholders on the register at the close of business on 7 August 2026. Announcement • Jun 23
Telecom Plus Plc, Annual General Meeting, Aug 17, 2026 Telecom Plus Plc, Annual General Meeting, Aug 17, 2026. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Senior Independent Non-Executive Director Suzi Williams was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 28
Telecom Plus Plc to Report Fiscal Year 2026 Results on Jun 23, 2026 Telecom Plus Plc announced that they will report fiscal year 2026 results at 8:00 AM, GMT Standard Time on Jun 23, 2026 Announcement • Jan 08
Telecom Plus plc Announces Termination of Andrew Mark Blowers as Director, Effective December 31, 2025 Telecom Plus plc reported the termination of director appointment of Mr. Andrew Mark Blowers, effective December 31, 2025. Announcement • Nov 26
Telecom Plus plc Proposes Interim Dividend for the Six Months Ended 30 September 2025, Payable on 19 December 2025 Telecom Plus Plc proposed Interim dividend increased to 38 pence (H1 FY25: 37 pence) per share for the Six Months ended 30 September 2025, payable on 19 December 2025 to shareholders on the register on 5 December 2025; the Company's shares will go ex-dividend on 4 December 2025. Announcement • Oct 07
Telecom Plus Plc to Report First Half, 2026 Results on Nov 25, 2025 Telecom Plus Plc announced that they will report first half, 2026 results on Nov 25, 2025 Announcement • Aug 08
Telecom Plus Plc Approves Final Dividend Telecom Plus Plc at its AGM held on 6 August 2025, approved payment of final dividend of 57.0 pence per share. Announcement • May 01
Telecom Plus Plc to Report Fiscal Year 2025 Results on Jun 24, 2025 Telecom Plus Plc announced that they will report fiscal year 2025 results on Jun 24, 2025 Announcement • Apr 29
Telecom Plus plc Provides Dividend Guidance for the Fiscal Year 2025 Telecom Plus Plc provided dividend guidance for the fiscal year 2025. Total FY25 dividend is expected to increase by just over 13% to 94 pence for the full year (FY24: 83 pence). Announcement • Oct 03
Telecom Plus Plc to Report Q2, 2025 Results on Nov 26, 2024 Telecom Plus Plc announced that they will report Q2, 2025 results on Nov 26, 2024 Announcement • Aug 14
Telecom Plus Plc Approve Final Dividend Telecom Plus Plc at the AGM held on August 13, 2024, the shareholders approve the payment of a 47.0 pence final dividend. Announcement • Jun 18
Telecom Plus Plc Appoints Bindi Karia as Non-Executive Director Telecom Plus PLC announced the appointment of Bindi Karia as a Non-Executive Director with effect from immediately after the Company's forthcoming AGM on 13 August 2024. Bindi has deep experience in technology and innovation having held senior board, investment and advisory roles across the technology sector in Europe. She is currently a non-executive director at Zigup Plc (formerly Redde Northgate Plc), and a Venture Partner at Molten Ventures Plc, a European Technology Venture Capital Fund. Bindi has previously held a variety of senior technology roles, including as a Digital Advisory Board member at The Very Group and Centrica, as well as senior roles at Silicon Valley Bank, Microsoft Ventures and PwC. Bindi also serves on the University of East London Board of Governors, where she is also Chair of the Ethics Advisory Committee. Announcement • Apr 30
Telecom Plus plc Announces Dividend for the Full Year of 2024 Telecom Plus Plc announced total dividend of 83 pence per share for the full year of 2024 (FY23: 80 pence per share). Announcement • Nov 25
Telecom Plus Plc (LSE:TEP) commences an Equity Buyback Plan for 7,947,344 shares, representing 10% of its issued share capital, under the authorization approved on August 4, 2023. Telecom Plus Plc (LSE:TEP) commences share repurchases on November 22, 2023, under the program mandated by the shareholders in the Annual General Meeting held on August 4, 2023. As per the mandate, the company is authorized to repurchase up to 7,947,344 shares, representing 10% of its issued share capital. The minimum repurchase price which may be paid for an Ordinary Share is £0.05 and the maximum price which may be paid for an Ordinary Share cannot be more than the higher of 105% of the average market value of an Ordinary Share for the five business days prior to the day on which the Ordinary Share is contracted to be purchased. The repurchased shares will be cancelled or held in treasury. The repurchase authority will expire at the conclusion of the 2024 AGM or if earlier, at the close of business on November 4, 2024. As of June 30, 2023, the company had 79,473,446 shares in issue and 482,276 shares held in treasury. Reported Earnings • Nov 24
First half 2024 earnings released: EPS: UK£0.29 (vs UK£0.30 in 1H 2023) First half 2024 results: EPS: UK£0.29 (down from UK£0.30 in 1H 2023). Revenue: UK£883.6m (up 57% from 1H 2023). Net income: UK£23.4m (down 3.0% from 1H 2023). Profit margin: 2.6% (down from 4.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 22
Telecom Plus Plc Announces Interim Dividend for the Six Months Ended September 30, 2023, Payable on 15 December 2023 Telecom Plus Plc will be paying an increased interim dividend for the six months ended September 30, 2023 of 36 pence per share (2022: 34 pence) on 15 December 2023 to shareholders on the register on 1 December 2023; the Company's shares will go ex-dividend on 30 November 2023. Upcoming Dividend • Jul 13
Upcoming dividend of UK£0.46 per share at 5.5% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 11 August 2023. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of British dividend payers (6.2%). In line with average of industry peers (5.8%). Announcement • Jul 07
Telecom Plus Plc, Annual General Meeting, Aug 04, 2023 Telecom Plus Plc, Annual General Meeting, Aug 04, 2023, at 11:00 Coordinated Universal Time. Location: Network HQ, 508 Edgware Road, The Hyde, London, NW9 5AB London United Kingdom Reported Earnings • Jun 29
Full year 2023 earnings released: EPS: UK£0.87 (vs UK£0.45 in FY 2022) Full year 2023 results: EPS: UK£0.87 (up from UK£0.45 in FY 2022). Revenue: UK£2.48b (up 156% from FY 2022). Net income: UK£68.4m (up 93% from FY 2022). Profit margin: 2.8% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Telecom Plus Plc Proposes a Final Dividend, Payable on 11 August 2023 Telecom Plus Plc proposed the final dividend of 46 pence per share (2022: 30 pence) will be paid on 11 August 2023 to shareholders on the register at the close of business on 21 July 2023 and is subject to approval by shareholders at the Company's Annual General Meeting which will be held on 4 August 2023. This makes a total dividend payable for the year of 80 pence (2022: 57 pence). Reported Earnings • Nov 23
First half 2023 earnings released: EPS: UK£0.30 (vs UK£0.18 in 1H 2022) First half 2023 results: EPS: UK£0.30 (up from UK£0.18 in 1H 2022). Revenue: UK£562.4m (up 52% from 1H 2022). Net income: UK£24.1m (up 68% from 1H 2022). Profit margin: 4.3% (up from 3.9% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Suzi Williams was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 23% share price gain to UK£21.35, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 9x in the Integrated Utilities industry in Europe. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£21.71 per share. Upcoming Dividend • Jul 07
Upcoming dividend of UK£0.30 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (5.3%). Lower than average of industry peers (5.4%). Reported Earnings • Jun 22
Full year 2022 earnings released: EPS: UK£0.45 (vs UK£0.41 in FY 2021) Full year 2022 results: EPS: UK£0.45 (up from UK£0.41 in FY 2021). Revenue: UK£967.4m (up 12% from FY 2021). Net income: UK£35.5m (up 8.9% from FY 2021). Profit margin: 3.7% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 85%, compared to a 4.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Buying Opportunity • Jun 17
Now 20% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be UK£22.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 112% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Suzi Williams was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 03
Executive Chairman recently sold UK£29m worth of stock On the 30th of November, Charles Wigoder sold around 2m shares on-market at roughly UK£14.50 per share. This was the largest sale by an insider in the last 3 months. This was Charles' only on-market trade for the last 12 months. Reported Earnings • Nov 24
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: UK£0.18 (down from UK£0.21 in 1H 2021). Revenue: UK£371.3m (up 6.3% from 1H 2021). Net income: UK£14.4m (down 12% from 1H 2021). Profit margin: 3.9% (down from 4.7% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 24%, compared to a 1.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improved over the past week After last week's 15% share price gain to UK£11.64, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Integrated Utilities industry in Europe. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£17.44 per share. Upcoming Dividend • Jul 01
Upcoming dividend of UK£0.30 per share Eligible shareholders must have bought the stock before 08 July 2021. Payment date: 30 July 2021. Trailing yield: 5.0%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (4.1%). Reported Earnings • Jun 21
Full year 2021 earnings released: EPS UK£0.41 (vs UK£0.46 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£861.2m (down 1.7% from FY 2020). Net income: UK£32.6m (down 9.3% from FY 2020). Profit margin: 3.8% (down from 4.1% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Is New 90 Day High Low • Feb 24
New 90-day low: UK£12.38 The company is down 15% from its price of UK£14.62 on 25 November 2020. The British market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£21.80 per share. Is New 90 Day High Low • Feb 01
New 90-day low: UK£12.98 The company is down 2.0% from its price of UK£13.28 on 03 November 2020. The British market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£21.53 per share. Is New 90 Day High Low • Dec 03
New 90-day high: UK£14.74 The company is up 11% from its price of UK£13.23 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Integrated Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£18.40 per share. Announcement • Oct 14
Telecom Plus PLC to Report First Half, 2021 Results on Nov 17, 2020 Telecom Plus PLC announced that they will report first half, 2021 results on Nov 17, 2020 
