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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus - Peel Hunt has £20 price target

January 2015

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:
  • 1250p
Telecom Plus issued a superlative set of interims with revenue, pretax profit and eps up 9%, 55% and 41% respectively to £267m, £21.3m and 21.8p. Net debt increased by £10m to £84.8m, reflecting spend on a new head office.The company, which supplies gas, electricity, fixed line and mobile telephony and broadband internet services through its Utility Warehouse brand, operates an asset light model in which it doesn’t own its own transmissions network but acts as a “virtual” re-seller, while in order to save on marketing costs it uses a network of self-employed sales agents or distributors. With the number of distributors increasing by 2,000 to a record 46,570 the company increased services su ...

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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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