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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus

April 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:
  • 294p
A Q3 update from utilities re-seller Telecom Plus  showed further organic growth. Distributor numbers increased 5% to 33,544 on Q2, while total group services rose by nearly 42,000 to 1m. Net cash improved from £27.9m to £30m and the company is forecasting a 25% dividend increase to 22p for the full year. The two slight negatives have been the severe weather, which restricted distributor activity in parts of the country and the introduction by OFGEM of new marketing rules. These require new energy customers to be given a written quotation showing their estimated future annual energy costs, prior to entering into a contract with a new supplier and as a result, management now anticipate low double digit annualised growth in t ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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