Upcoming Dividend • Jul 30
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 06 August 2026. Payment date: 28 August 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.2%). 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 (11% average weekly change). Recent Insider Transactions • Jun 29
Non-Executive Chairman recently bought €4.1m worth of stock On the 23rd of June, Charles Wigoder bought around 500k shares on-market at roughly €8.23 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. Declared Dividend • Jun 25
Final dividend of UK£0.12 announced Shareholders will receive a dividend of UK£0.12. Ex-date: 6th August 2026 Payment date: 28th August 2026 Dividend yield will be 6.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 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 25% per year, which means it is significantly lagging earnings. Duyuru • 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. Duyuru • Jun 23
Telecom Plus Plc, Annual General Meeting, Aug 17, 2026 Telecom Plus Plc, Annual General Meeting, Aug 17, 2026. New Risk • Jun 07
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 German stocks, typically moving 8.4% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Cash payout ratio: 157% Minor Risks High level of debt (61% net debt to equity). Share price has been volatile over the past 3 months (8.4% average weekly change). 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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 Duyuru • 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). Duyuru • 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 Duyuru • 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. Upcoming Dividend • Jul 25
Upcoming dividend of UK£0.47 per share Eligible shareholders must have bought the stock before 01 August 2024. Payment date: 23 August 2024. Payout ratio is on the higher end at 92% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.0%). Duyuru • Jun 19
Telecom Plus Plc, Annual General Meeting, Aug 13, 2024 Telecom Plus Plc, Annual General Meeting, Aug 13, 2024. Reported Earnings • Jun 19
Full year 2024 earnings released: EPS: UK£0.90 (vs UK£0.87 in FY 2023) Full year 2024 results: EPS: UK£0.90 (up from UK£0.87 in FY 2023). Revenue: UK£2.04b (down 18% from FY 2023). Net income: UK£71.0m (up 3.8% from FY 2023). Profit margin: 3.5% (up from 2.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 19
Telecom Plus plc Proposes Final Dividend, Payable on 23 August 2024 The final dividend of 47 pence per share will be paid on 23 August 2024 to shareholders on the register at the close of business on 2 August 2024 subject to approval by shareholders at Telecom Plus Plc's AGM which will be held on 13 August 2024. Duyuru • 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. Duyuru • 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). Duyuru • 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 4% per year, which means it is significantly lagging earnings growth. Duyuru • 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. New Risk • Nov 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Dividend per share is over 28x cash flows per share. High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). 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%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (5.8%). Duyuru • 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 Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €20.65, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Integrated Utilities industry in Europe. Total loss to shareholders of 6.8% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €15.34 per share. Reported Earnings • Jun 28
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. Duyuru • 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). Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €17.42, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Integrated Utilities industry in Europe. Total loss to shareholders of 10% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €13.95 per share. 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. Duyuru • Nov 22
Telecom Plus plc Announces Interim Dividend, Payable on 16 December 2022 Telecom Plus Plc announced an interim dividend of 34 pence per share will be paid on 16 December 2022 to shareholders on the register at close of business on 2 December 2022. The estimated amount of this dividend to be paid is approximately £26.8m and, in accordance with IFRS accounting requirements, has not been recognised in these accounts. 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 05
Investor sentiment improved over the past week After last week's 32% share price gain to €24.40, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 9x in the Integrated Utilities industry in Europe. Total returns to shareholders of 79% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €19.63 per share. Duyuru • Oct 04
Telecom Plus Plc to Report Q2, 2023 Results on Nov 22, 2022 Telecom Plus Plc announced that they will report Q2, 2023 results on Nov 22, 2022 Duyuru • Jul 27
Telecom Plus plc Approves Payment of Final Dividend Telecom Plus PLC approved the payment of final dividend of 30.0 pence per share, at its annual general meeting held on July 26, 2022. 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 German dividend payers (4.6%). 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 Germany. Duyuru • Jun 21
Telecom Plus Plc, Annual General Meeting, Jul 26, 2022 Telecom Plus Plc, Annual General Meeting, Jul 26, 2022. Agenda: To consider the final dividend of 30 pence per share. Duyuru • Jun 10
Telecom Plus plc Appoints Carla Stent as Non-Executive Director and Audit Committee Chair Telecom Plus PLC announced appointment of Carla Stent as a non-executive director and audit committee chair with effect from immediately after the company's forthcoming AGM on 26 July 2022. Carla's current non-executive board roles include Marex Group, the Post Office Limited, JP Morgan Elect plc, and the Tilney Smith and Williamson Group. Carla has also served on the boards of Power to Change, Savernake Group, Change Alliance (India) Private Limited, Christian Aid, The Young Women's Trust, and various Virgin Group entity boards, amongst others. During her executive career, Carla was chief operating officer and partner at virgin group between 2010 and 2013. Carla was previously deputy chief financial officer and chief administrative officer of the Global Retail and Commercial Bank arm of Barclays Bank. From 2000 to 2004, at Thomas Cook AG Group, Carla held a variety of roles, including operations director, as well as director of group strategy & corporate finance. 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 €34m worth of stock On the 30th of November, Charles Wigoder sold around 2m shares on-market at roughly €17.03 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 Germany. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 17% share price gain to €13.40, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the Integrated Utilities industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €20.12 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 German dividend payers (3.2%). Higher than average of industry peers (3.6%). Reported Earnings • Jun 20
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. Duyuru • Apr 29
Telecom Plus PLC Reiterates Its Previous Dividend Guidance for the Year Ended March 31, 2021 Telecom Plus PLC announced that it has reiterated its previous dividend guidance to pay a maintained total dividend for the year just ended March 31, 2021 of 57 pence per share. Is New 90 Day High Low • Feb 26
New 90-day low: €13.50 The company is down 15% from its price of €15.92 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.36 per share. 
