Utility Warehouse (Telecom Plus) Discussion

keggs

penrhyn wrote: »

It could be that N-Power has an option to purchase Telecom Plus which it needs to exercise by November 20th, worth a punt on that basis maybe??

nPower have a large share but are not the major shareholder.

penrhyn

Indeed, they have an option to purchase which could be exercised later this year.

From Wikipedia (don't laugh)

In February 2006, the Company entered into an agreement with npower under which they took responsibility for purchasing the energy used by Telecom Plus customers although Telecom Plus remain responsible for all customer-management activities, such as billing, customer service, metering, debt collection and administration. As part of the arrangements, npower have an option to acquire the 29.9% of the equity held by the Board Members of Telecom Plus during 2009.

keggs

nPower would be a fool if they did. In any event they aren't showing signs of doing so.

NigeWick

Quentin wrote: »

If uw is cheaper than their previous suppliers, just think how much more they could be saving by going to their cheapest supplier.

As you should be aware of by now, Utility Warehouse is the cheapest for some people. I presume that as well as not offering to apologise for the lie you told about me, you have given up trying to find Carmine a better deal than he found with Utility Warehouse.

I am an Independent Distributor with Utility Warehouse and any opinions expressed here are my own and may not be shared by the company.

Ypaymore

Extract from recent article in FT.

"Telecom Plus is a multi-utility reseller. It buys services from producers at wholesale rates and sells them on to private customers. The company has grown rapidly in recent years.
The company recently announced that it expects profits to lag this year as it adds infrastructure to prepare for future growth. As a result, its shares are drifting sideways. I suspect the price is supported by a proposed 22p dividend. I also notice that prices bounce each time they drop into the 270p area. The shares recently slipped into this area and are ripe for a bounce.
There are two other factors that could boost them in the near future.
Oxford Power Holdings is 20 per cent owned by Telecom Plus. International Power has an option, which is due to expire shortly, to purchase Oxford. There are no guarantees that a takeover will occur. But if it did happen, it would mean a £15m payment to Telecom Plus which is not bad for a company with pre-tax earnings of £22m.
The deal makes sense for International Power because it has a huge generating capacity but no distribution to end-use customers. Oxford Power offers this benefit. However, some analysts think International Power has balance sheet problems and might be unable to raise the £70m-80m required to complete the deal.
Another deal worth thinking about is Npower’s option to acquire Telecom Plus. The option will
expire on November 20. Once again, there are no guarantees that Npower will exercise its option. But if it did, shareholders would benefit enormously.
It is anyone’s guess if either deal will be completed. Even so, the mere possibility of a deal will probably support Telecom Plus shares in the next six months. For this reason, I think there is no significant downside risk to holding shares in this company."


http://www.ft.com/cms/s/2/ef137f0a-51e2-11de-b986-00144feabdc0.html

Ypaymore

keggs wrote: »

nPower would be a fool if they did. In any event they aren't showing signs of doing so.

Why?

Wouldnt some distributors make a lot of dosh?

NigeWick

jimexbox wrote: »

:rotfl:Come on Keggs lighten up

I think he wanted Carmine to get "the honours" as in Carmine 'n' Keggs. Has more of a ring to it.

NigeWick

Quentin wrote: »

trusting him to be telling the truth.

I do not think that anybody else here has told as big a lie as you.

NigeWick

Quentin wrote: »

Your unreserved apology is accepted.

It would be nice if you followed that lead and apologised to me yourself.

theartfullodger

Oh this is fun:

The more the UW apparatchiks and stakhanovites end up spending time here posting the less damage they do "selling" their unlikely-to-eventually-prove-a-good-deal vapour-ware-wizzo-deal, thus the less damage they will cause to our fellow men.

I wouldnae touch UW with a very long barge-pole: and would advise anyone else to avoid them as well.



There are several long posts relating to UW in this sub-board with differing views (some in favour, many against UW). IMHO the most vociferous and increasingly panicking posters are, oddly, "distributors" for UW. These distributors/senior managers or whatever they call themselves operate in a manner many fair-minded people would find reminiscent of a Pyramid scheme. However UW tell me it is not a Pyramid scheme so I accept their statement that it is not a Pyramid scheme.


Cheers!

Lodger

PS As I said, clearly not a Pyramid Scheme.