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Telecom Plus - 22p dividend provides strong yield

January 2010

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:
  • 306p
Utilities re-seller Telecom Plus issued half year results in-line with expectations with revenues increasing 40% to £125m, while pretax profit fell from £9.8m to £5.8m, reflecting the lower energy prices. Eps fell to 6.3p (2008: 10.8p) while net cash was £28m. The period was characterised by strong growth in its key performance indicators with customer numbers increasing by around 36,000 to over 317,000 while the number of services provided increased by almost 250,000 to 908,937. Distributor numbers also rose by 5,000 to 31,852. One impressive aspect is that this growth is coming at a time when Telecom Plus is encouraging its distributors to be more discerning and focus on acquiring customers who are homeowners (given t ...

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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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