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Telecom Plus - 15% upgrade to profit forecast

October 2008

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.

Yet another strong update from Telecom Plus has sent the shares to a new high. Helped by energy price rises from its competitors, customer numbers have increased almost 16,000 to over 233,500 for the first five months. This along with record numbers of new distributors joining the business is enough for broker KBC Peel Hunt to upgrade pretax profit forecasts for the year to 31 March '09 by 15% to Â£23.2m and by 10% to Â£25.2m for 2010. Eps is hiked to 24.9p and 27.1p respectively. The shares have more than doubled since we napped them in January at 178p, yet on a PE for next year of just 13.4 they remain inexpensive. Keep running profits. ...

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Telecom Plus - Signs of recovering markets (February 2017)

Telecom Plus - Conditions still tough (September 2016)

Telecom Plus - Shares bounce after results (August 2015)

Telecom Plus (June 2015)

Telecom Plus - Peel Hunt has Â£20 price target (January 2015)

Telecom Plus - Eps forecast to rise 49% in 2 years (September 2014)

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Telecom Plus -Number of services rises 16% (November 2012)

Telecom Plus (September 2012)

Telecom Plus - Launch of YouView could accelerate profits and eps (August 2012)

Telecom Plus - Monthly customer churn reduced from a peak of 1.96% to just 1.32% (July 2012)

Telecom Plus - More customers taking at least four services (June 2012)

Telecom Plus - New HQ to house 1m customers (March 2012)

Telecom Plus - Shares hit Â£8 for first time (January 2012)

Telecom Plus (November 2011)

Telecom Plus - Organic growth expected to accelerate in coming months (August 2011)

Telecom Plus - FTSE-250 tracker funds could push shares towards Â£10 (July 2011)

Telecom Plus - Growth in customers and gas prices likely to trigger further upgrades (May 2011)

Telecom Plus - Higher energy prices trigger upgrades (April 2011)

Telecom Plus - Powerful eps growth now expected (January 2011)

Telecom Plus (November 2010)

Telecom Plus - 18% jump in services provided (September 2010)

Telecom Plus (July 2010)

Telecom Plus - Reconfirms 22p dividend (May 2010)

Telecom Plus (April 2010)

Telecom Plus - 22p dividend provides strong yield (January 2010)

Telecom Plus (November 2009)

Telecom Plus - Dividend to rise 25% to 22p (August 2009)

Telecom Plus - Growth in customers but forecasts lowered (June 2009)

Telecom Plus (May 2009)

Telcom Plus - Good growth in customer numbers (April 2009)

Telecom Plus - Take some profit (January 2009)

Telecom Plus - IMS triggers further eps upgrades (August 2008)

Telecom Plus - New Year NAP has nearly doubled (July 2008)

Telecom Plus - 22,000 net new services in Q4 (May 2008)

Telecom Plus - Pretax profit forecast upgraded from Â£14m to Â£16.7m (March 2008)

Telecom Plus - cash pile rises to Â£34m (October 2007)

Telecom Plus - Massive cash pile (July 2007)

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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Telecom Plus - 15% upgrade to profit forecast

October 2008

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