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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus - Reconfirms 22p dividend

May 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:
  • 302p
In its Q4 update Telecom Plus has noted a continuation of the positive trends referred to in its previous update on 15 February. It has also reconfirmed its intention to pay a total dividend of 22p for the year.Due to the exceptionally cold weather early in the year it experienced a substantial seasonal cash outflow and will be reporting a small cash balance at the year-end. However, this will be recovered in the summer months. The group expects a record attendance of over 5,000 distributors at its main sales conference on 17 - 18 April, which should bode well for further customer growth. Results are due on 25 May. Continue to hold. ...

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