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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus

December 2024

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:
  • 1680p
The H1 update revealed a 13% increase in customer numbers and c. 9%-10% rise in services taken, leaving TEP on course to meet full year guidance. Its first EV tariff was launched in September, offering market leading overnight charging prices for multi-service customers, together with TEP’s fastest ever full fibre “900” broadband product. Right now 1.078m households take its essential services and its medium term target is to grow that to 2m. Interestingly, Deutsche notes the number of competing dual-fuel suppliers is thinning, having peaked at 61 in Q2 ’18 but falling to just 18 in Q4 ’23, which paves the way for pleasing market share gains for TEP. The broker forecasts eps of 118.6p, rising to 136p in FY’26 ...

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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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