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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus - I am following founder’s lead and selling half to crystallize fabulous gains of 1355%

January 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:
  • 2220p
The shares have hit a new high of £25, up £10 since my most recent note in August 2020. At that time eps forecasts were for 60p for the year ended March ‘21 but Telecom Plus has since gone on a massive upgrade cycle - five in the past 12 months alone according to Numis - and that broker now expects 96.8p for the current year (FY’23), rising to 109.1p and then 130p in ‘24 and ‘25. The latest upgrade followed interims to end September, which showed sales and pretax profit rising 52% and 23%, respectively, to £562m and £32.1m while the group has raised its full year pretax guidance to “at least £95m” after OFGEM provided greater clarity by raising the price cap to over £4,000 in Q4 ‘23 vs £3,549 in Q3. Telecom Plus is a UK-based inde ...

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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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