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Telecom Plus - IMS triggers further eps upgrades

August 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.

  • Epic Code:
  • TEP
  • Price:
  • 329p
Utilities reseller Telecom Plus has noted exceptionally good trading during the first quarter to 30 June, reflecting  a continuation of positive trends, which started following its sales conference last October. Turnover, profits and new distributor recruitment have all been running ahead of the comparable figures for last year while customer numbers increased 7,160 to 225,017 and the number of services provided is up over 26,000 to 618,320. In reaction, KBC Peel Hunt has upgraded this year's forecasts again with revenues up 6% to £235m, while pretax profit and eps both rise 5% to £20.2m and 21.8p respectively. Tipped as a New Year NAP for 2008 at just 178p the shares have quickly gained 8 ...

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