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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telcom Plus - Good growth in customer numbers

April 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:
  • 330p
Shares in Telecom Plus rose sharply back up to 340p after it released a strong IMS covering trading for the Q3 to 31 December. This revealed customer numbers rising 19,082 to 258,840 and the number of services provided increasing 65,000 to 723,427, driven by high energy prices and tough economic times, which has increased the tendency for customers to shop around for better deals. Meanwhile Telecom Plus also noted a record number of distributors signing up. Interestingly, this growth and a continued strong outlook has persuaded the firm to double the number of full-time employees over the next three years.The balance sheet remains strong with net cash increasing from £28.9m to £36.4m. Broker Investec has left forec ...

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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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