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Telecom Plus

November 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:
  • 385p
In an upbeat half year trading update Telecom Plus anticipates that earnings and pretax profits will be significantly ahead of the previous year. H1 saw good organic growth with customer numbers increasing at an annualised rate of around 6% to over 356k (31 March: 345,762), while the number of services increased at an annualised rate of over 10% to more than 1,103k (31 March: 1,044k). The average number of services taken by each customer has also risen reflecting the group's focus on garnering customers who take a combination of energy and telecoms and who are homeowners. Cash balances have bounced back up and are expected to be around £18m compared with £2.5m in March. Originally tipped ...

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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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