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Telecom Plus - Shares bounce after results

August 2015

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:
  • 975p
Telecom Plus, the reseller of gas, electricity, mobile, fixed line and broadband services, announced results in line with previously reduced expectations. These note revenues, pretax profit and eps rising 11%, 23% and 9% respectively to £729m, £52.2m and 53.0p, with the impact from gas leakage as expected at £6m. The dividend rose 14% to 40.3p while net debt was £52.5m, below forecasts of £74m.Helped by a reduction in customer churn to an all-time low of 11.2% (from 16.3% in FY’11) the number of services provided by its Utility Warehouse brand rose 11% to 2.1m with 58,753 (2014: 40,544) residential members now taking all five services. The company is also looking to add insurance as a sixth servi ...

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Telecom Plus - 18% jump in services provided (September 2010)
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Telecom Plus - Reconfirms 22p dividend (May 2010)
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Telecom Plus - 22p dividend provides strong yield (January 2010)
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Telecom Plus - Dividend to rise 25% to 22p (August 2009)
Telecom Plus - Growth in customers but forecasts lowered (June 2009)
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Telcom Plus - Good growth in customer numbers (April 2009)
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Telecom Plus - 15% upgrade to profit forecast (October 2008)
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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Telecom Plus - Interim results beat expectations (February 2007)
Telecom Plus - Multi utility reseller returning (January 2007)

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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