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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus

August 2019

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:
  • 1396p
Utilities distributor Telecom Plus announced full year results as expected with the improvement seen in recent months continuing. Revenues rose 1.5% to £804m while pretax profit increased 5% to £43m. Eps gained 7.1% to 59.0p.The group provides services such as gas, electricity, fixed landline and mobile and insurance. It doesn’t own its own infrastructure but is a re-seller of such services and with low capex maintenance requirements, cash generation is strong, hence the chunky 52p full year dividend (up 4%). New customers are recruited by an army of self-employed distributors to keep marketing costs low and numbers increased 4% year-on-year to 635,039 while the number of services supplied jumped 8.2% to over 2.5 ...

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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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