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Telecom Plus - Organic growth expected to accelerate in coming months

August 2011

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:
  • 680p
Our re-recommendation last month looks well-timed with the shares hitting a new high of 700p, ahead of a very encouraging trading Q1 update, which noted a 5% increase in net distributors, 2% increase in new customers and 3% increase in services sold, compared to Q4 2010. The equivalent growth rates when compared with Q1 2010 were 9%, 8% and 13%.  In terms of outlook Telecom Plus is now seeing “a steady increase in its current rate of organic growth over the coming months†and given the operational gearing benefits of a high fixed cost base, management now expect first half results, due on 22 November, to “show earnings and pretax profits significantly ahead of the same period last year.†Meanwhile it expects net ...

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Telecom Plus - IMS triggers further eps upgrades (August 2008)
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Telecom Plus - cash pile rises to £34m (October 2007)
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Telecom Plus - Interim results beat expectations (February 2007)
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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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