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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus - Broker has 3150p price target

August 2023

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:
  • 1677p
Telecom Plus, an independent, low cost provider of utilities to private households, has been ideally placed to exploit the cost of living crisis and pretax profit duly increased 55% to £96.2m with eps up 57% to 99.2p. Customer numbers grew by 22% (158,000 to 887,0000) while services increased 24% (+533,000 to 2.8m). Telecom Plus still only has a 3% market share of the household energy supply market and introduced an ambitious target to add another 1 million customers over the next 4-5 years. Moreover, guidance this year is of “double digit annual percentage customer growth.” In a new note broker, Numis says Telecom Plus will benefit from certain tail-winds: first, OFGEM has taken numerous significant actions to stop competi ...

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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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