TELECOM PLUS PLC (TEP)

TELECOM PLUS PLC (TEP)

Blog posts

Electronic AGMs and Voting

Several companies in which I hold shares are proposing to adopt new Articles of Association at their Annual General Meetings. These typically are amended to enable the holding of “virtual”, i.e. electronic ones, or “hybrid” meetings where a physical venue (or multiple ones) are also used. They can do that legally at present under the emergency regulations put in place by the Government but they are clearly anticipating a more common use of such capabilities now that everyone is more practised ...

Deferred Shares Report and Voting Trends Survey

Study shows low adoption of deferred share plans Tom Gosling, Partner, PwC | Executive Fellow, London Business School | Steering Committee Member, Purposeful Company Taskforce has written a good...

Telecom Plus and Camkids – Creative Accounting and Pay Issues

Telecom Plus (TEP) held their AGM yesterday (12/8/2015). The company provides a complete range of utility services - gas, electricity, broadband, fixed line and mobile phones via a "club" concept promoted by a network of self-employed (mainly part-time) distributors. They offer competitive pricing and an efficient operation (I am one of their customers as well as being a shareholder). The share price of this company has gone from near 800p up to well over 1800p and back down to below 800p ...

AGM Reports

Telecom Plus PLC (TEP) AGM 2017

Yesterday I attended the Annual General Meeting of Telecom Plus PLC at their head office in North London. Telecom Plus which trades as "The Utility Warehouse" provides a complete range of utility services - gas, electricity, broadband, fixed line and mobile phones via a "club" concept promoted by a network of self-employed (mainly part-time) distributors. Some highlights of the year ending 31st March 2017 are as follows: Revenue down 0.6% Statutory pre-tax profit up 16.5% to £40.9 million Full year dividend up 4.3% to 48p Over ...

Telecom Plus (TEP) AGM Report 2015 – Creative Accounting and Pay Issues

Telecom Plus which trades as "The Utility Warehouse" held its AGM today (11th August 2015). The company provides a complete range of utility services - gas, electricity, broadband, fixed line and mobile phones via a "club" concept promoted by a network of self-employed (mainly part-time) distributors. They offer competitive pricing and an efficient operation (I am one of their customers) although some of the newer entrants in the gas/electricity sector may be cheaper at this moment. But that may not last ...