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Telecom Plus

May 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:
  • 283p
Utilities reseller Telecom Plus has noted that trading in the last quarter ending 31 March has continued the positive trend noted previously. The group has increased the number of distributors by 3,100 to 26,800 in the quarter and this has fuelled a 29% increase in customer numbers. With the average number of services per customer also increasing this led to a 37% increase in total services supplied to over 790,000. While the group expects to see a substantial seasonal cash outflow this quarter year-end net cash is still expected to be over £20m. KBC Peel Hunt has left forecasts for the year just ended in March unchanged with pretax profit to increase 38% to £23.2m, rising to £25m in the current year, giving eps of 25p and 27.1 ...

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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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