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Telecom Plus - cash pile rises to Â£34m

October 2007

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.

In its first quarter to 30 June, utility services reseller Telecom Plus has announced a continuation of last year’s positive trends. Although its residential customer base has stood still it has continued to increase the average number of services taken from 2.95 to 2.99, taking the total from 542,039 to 545,831. It has also increased the number of Business Club customers from 6,388 to 6,834. Another positive sign is that the rate at which new distributors are joining its business continues to rise. Meanwhile, with its cash pile mushrooming by £8m to £33.8m, it has sensibly taken advantage of the soft markets to buy back almost 1.5m shares at just under 181p. Although forecasts have been left unchanged (eps for ...

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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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Telecom Plus - cash pile rises to Â£34m

October 2007

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