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Telecom Plus - Customer churn hits record low

July 2013

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:
  • 1226p
The remarkable acceleration in Telecom Plus' share price has continued with a recent move to 1226p making for a 442% gain over our original recommendation price of just 226p in February '08. This followed excellent final results with revenues, pretax profit and eps rising 28%, 12.7% and 14.5% to £602m, £34.6m and 38.7p respectively. Telecom Plus is a low cost re-seller of utilities services such as gas, electricity, home phone, mobile and broadband. During the year it increased the number of services to 1.6m from 1.4m driven by a rise in the proportion of residential club customers taking at least four of its core services to 39.5% (2012: 33.8%). The other factor driving up profits was a reduction in customer churn to a record l ...

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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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