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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus - Refreshed deal with E.ON provides opportunities

December 2023

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:
  • 1646p
After rising more than £10 to a peak of £25 late last year before falling back to £14, shares in Telecom Plus, a low cost provider of utilities to private households, such as energy, phones and insurance, bounced sharply after it announced a strong first half FY’24 as the cost of living and energy crisis forces consumers to shop for better deals. It said it won an additional 62,500 households, equivalent to an annualised growth rate of 14% and “with 949,180 households now taking its services it’s comfortably on track to double the size of its base over the medium term.” Meanwhile, Telecom Plus has refreshed its relationship with long-term energy supplier E.ON, which should enable greater flexibility and innovation. Numis says the ...

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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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