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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus - Peel Hunt has £20 price target

January 2015

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:
  • 1250p
Telecom Plus issued a superlative set of interims with revenue, pretax profit and eps up 9%, 55% and 41% respectively to £267m, £21.3m and 21.8p. Net debt increased by £10m to £84.8m, reflecting spend on a new head office.The company, which supplies gas, electricity, fixed line and mobile telephony and broadband internet services through its Utility Warehouse brand, operates an asset light model in which it doesn’t own its own transmissions network but acts as a “virtual” re-seller, while in order to save on marketing costs it uses a network of self-employed sales agents or distributors. With the number of distributors increasing by 2,000 to a record 46,570 the company increased services su ...

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Telecom Plus - Organic growth expected to accelerate in coming months (August 2011)
Telecom Plus - FTSE-250 tracker funds could push shares towards £10 (July 2011)
Telecom Plus - Growth in customers and gas prices likely to trigger further upgrades (May 2011)
Telecom Plus - Higher energy prices trigger upgrades (April 2011)
Telecom Plus - Powerful eps growth now expected (January 2011)
Telecom Plus (November 2010)
Telecom Plus - 18% jump in services provided (September 2010)
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Telecom Plus - Reconfirms 22p dividend (May 2010)
Telecom Plus (April 2010)
Telecom Plus - 22p dividend provides strong yield (January 2010)
Telecom Plus (November 2009)
Telecom Plus - Dividend to rise 25% to 22p (August 2009)
Telecom Plus - Growth in customers but forecasts lowered (June 2009)
Telecom Plus (May 2009)
Telcom Plus - Good growth in customer numbers (April 2009)
Telecom Plus - Take some profit (January 2009)
Telecom Plus - 15% upgrade to profit forecast (October 2008)
Telecom Plus - IMS triggers further eps upgrades (August 2008)
Telecom Plus - New Year NAP has nearly doubled (July 2008)
Telecom Plus - 22,000 net new services in Q4 (May 2008)
Telecom Plus - Pretax profit forecast upgraded from £14m to £16.7m (March 2008)
Telecom Plus - cash pile rises to £34m (October 2007)
Telecom Plus - Massive cash pile (July 2007)
Telecom Plus - Interim results beat expectations (February 2007)
Telecom Plus - Multi utility reseller returning (January 2007)

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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