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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus - Dividend to rise 25% to 22p

August 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TEP
  • Price:
  • 293p
Telecom Plus has produced another positive trading update for the first quarter to 8 July with all key performance indicators showing good growth. Q1 customer numbers increased by 21,185 to 302,360 while on an annualised basis this represents growth of 34%. Meanwhile the number of services rose by over 62,000 to 856,338 in the quarter. Looking to the future it's also encouraging that the number of its self-employed distributors has grown more than 10% to almost 30,000. In order to accommodate this growth Telecom Plus has beefed up its infrastructure and has relocated to larger headquarters on time and on budget. Cash flow remains in line with expectations with the group expecting the current balance of £16.5m to improve si ...

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Telecom Plus - 22p dividend provides strong yield (January 2010)
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Telecom Plus - IMS triggers further eps upgrades (August 2008)
Telecom Plus - New Year NAP has nearly doubled (July 2008)
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Telecom Plus - cash pile rises to £34m (October 2007)
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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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