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Telecom Plus -Number of services rises 16%

November 2012

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:
  • 865p
Utilities services re-seller, Telecom Plus' half-year update to 30 September was in line, while a significant increase in the interim dividend is expected, reflecting improved cash flow following last year's renegotiation of its energy supply agreement. Net cash was £1.1m after the £11.9m dividend payout last August.The positive trends in Q1 have continued into Q2 with customer numbers increasing to 438,146  and service numbers to 1,488,745, representing growth of 11% and 16% respectively. Encouragingly, the number of residential club customers taking at least four services has exceeded 55% in each of the past six months, taking its installed base of gold status members (taking four services or more) up to 37% of ...

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Telecom Plus - Growth in customers and gas prices likely to trigger further upgrades (May 2011)
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Telecom Plus (November 2010)
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 (November 2009)
Telecom Plus - Dividend to rise 25% to 22p (August 2009)
Telecom Plus - Growth in customers but forecasts lowered (June 2009)
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Telecom Plus - 15% upgrade to profit forecast (October 2008)
Telecom Plus - IMS triggers further eps upgrades (August 2008)
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Telecom Plus - Pretax profit forecast upgraded from £14m to £16.7m (March 2008)
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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