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04 March 2023
By Maynard Paton
I’ve recorded one other podcast with my good buddy Roland Head. This time we talked about Telecom Plus, the FTSE 250 reseller of utilities that seems to be a beneficiary of upper power payments. We mentioned the group’s interesting progress report, upbeat future prospects, uncommon advertising and marketing method and dividend revenue potential:
We cowl:
- Introducing Telecom Plus, its Utility Warehouse enterprise and the weird promoting by means of ‘companions’.
- Multi-level advertising and marketing, ‘pyramid’ accomplice recruitment and promoting a number of providers to clients face-to-face.
- The 12-bagger share value efficiency and 14% annual dividend progress.
- Power hedging, income per buyer, disappearing competitors and a reduced provide deal.
- Half-year outcomes exhibiting income and revenue up c50% with buyer numbers up 24%.
- Excessive power payments, attracting a million new clients and the prospect of power costs falling.
- OFGEM, customer support, the necessity for further employees and the affect on revenue margins.
- Utility Warehouse’s PR and companions having fun with a freebie Maldives vacation.
- Steve Critchley’s 390,000 Utility Warehouse clients and his gross sales ways within the dry cleaners.
- Founder Charles Wigoder promoting shares on the £24 high.
- AGM protest votes on pay and proposed shareholder conferences on Zoom solely.
- The 4%-plus yield and the prospect of upper revenue throughout the subsequent few years.
- Signing up as a Utility Warehouse buyer and anecdotal value comparisons.
- Our concluding ideas on the enterprise, future progress and valuation.
Further hyperlinks:
Blissful listening!
Maynard Paton
PS: The podcast was recorded on twenty eighth February 2023.
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