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Telecom Plus - 18% jump in services provided

September 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:
  • 369p
Telecom Plus has unveiled a positive Q1 update for the period to 13 July, showing a 12% year-on-year rise in customer numbers to just over 350,000 and an 18% jump in the number of services taken to 1,075,00. The average number of services per customer also increased from 3.28 to 3.32. Meanwhile the focus on recruiting homeowners  (who tend not to default or shop around so much) should improve customer retention rates. Net cash was £1m (versus £2.5m at the year-end) but should increase as customers on budget plans use less energy over the summer months. KBC Peel Hunt forecasts pretax profit to increase to £25m this year with eps increasing sharply from 19.5p to 26.2p, dropping the prospective PE to just 14.1, while the 22p ...

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Telecom Plus - Reconfirms 22p dividend (May 2010)
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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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