Telecom Plus – a look at its investment in 20% of Opus Energy

By Nigel Somerville | Sunday 6 March 2016

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

That soft spot for fully listed Telecom Plus (TEP) is hardening. Looking at Companies House filings and analysing accounts seems to present a less than convincing case that the company can afford to repay its loans and continue to meet its progressive dividend policy, especially in the light of the (as yet, still) unannounced new borrowing facility of £150 million. But today it is time to look into the company’s investment into Opus Energy. Oh goodie: another excuse to trawl through Companies House filings. Anorak at the ready….

You must be signed in to see this content

Register here for free and have immediate access for three free articles per month.

Already registered? Click here to sign in

Follow @ShareProphets

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Search ShareProphets |

Stock market news |