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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus

February 2013

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:
  • 952p
Shares in Telecom Plus inched to a new high of 952p following interims showing a 9% rise in pretax profit to £12.1m on turnover, which rose 30% to £210m. Eps gained almost 10% to 13.5p, while the interim dividend was hiked 30% to 13p. Growth was driven by a 12% increase in number of customers to 438,146 and 17% rise in services to 1,488,745. The number of new customers taking four or more services has increased to 55%, which is encouraging because these tend not to switch to a rival supplier and are considered lower bad debt risk. Peel Hunt's forecasts are unchanged with eps of 37.7p in 2013, rising to 44.3p in the year starting 1 April. Originally added to the trader Portfolio in Feb ‘08 at 226p th ...

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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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