Updates

Telecom Plus - More customers taking at least four services

June 2012

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.

Utilities re-seller Telecom Plus posted strong Q4 results in line with recently upgraded market expectations. Particularly encouraging is the increase in customers taking at least four services, which rose from 40%-50% in Q4. This bodes well for churn rates and bad debts. Over 6,000 distributors attended the recent sales conference (up 10%) and the main focus was on initiatives to make it easier and more rewarding to sign up multi-service customers, including subsidised smart phones, free calls between club members and more competitive broadband tariffs. Cash flow was slightly better than expectations and it now expects a small cash balance at the year-end.The shares have gone quiet but with the forward PE dropping t ...

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Telecom Plus - Signs of recovering markets (February 2017)

Telecom Plus - Conditions still tough (September 2016)

Telecom Plus - Shares bounce after results (August 2015)

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Telecom Plus - Eps forecast to rise 49% in 2 years (September 2014)

Telecom Plus - Gain to date: 862% (July 2014)

Telecom Plus - Acquisition of two energy suppliers (January 2014)

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Telecom Plus - Take some profit off the table (September 2013)

Telecom Plus - Customer churn hits record low (July 2013)

Telecom Plus - Shares closing in on Â£12 (May 2013)

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Telecom Plus -Number of services rises 16% (November 2012)

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Telecom Plus - Launch of YouView could accelerate profits and eps (August 2012)

Telecom Plus - Monthly customer churn reduced from a peak of 1.96% to just 1.32% (July 2012)

Telecom Plus - New HQ to house 1m customers (March 2012)

Telecom Plus - Shares hit Â£8 for first time (January 2012)

Telecom Plus (November 2011)

Telecom Plus - Organic growth expected to accelerate in coming months (August 2011)

Telecom Plus - FTSE-250 tracker funds could push shares towards Â£10 (July 2011)

Telecom Plus - Growth in customers and gas prices likely to trigger further upgrades (May 2011)

Telecom Plus - Higher energy prices trigger upgrades (April 2011)

Telecom Plus - Powerful eps growth now expected (January 2011)

Telecom Plus (November 2010)

Telecom Plus - 18% jump in services provided (September 2010)

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Telecom Plus - Reconfirms 22p dividend (May 2010)

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Telecom Plus - 22p dividend provides strong yield (January 2010)

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Telecom Plus - Dividend to rise 25% to 22p (August 2009)

Telecom Plus - Growth in customers but forecasts lowered (June 2009)

Telecom Plus (May 2009)

Telcom Plus - Good growth in customer numbers (April 2009)

Telecom Plus - Take some profit (January 2009)

Telecom Plus - 15% upgrade to profit forecast (October 2008)

Telecom Plus - IMS triggers further eps upgrades (August 2008)

Telecom Plus - New Year NAP has nearly doubled (July 2008)

Telecom Plus - 22,000 net new services in Q4 (May 2008)

Telecom Plus - Pretax profit forecast upgraded from Â£14m to Â£16.7m (March 2008)

Telecom Plus - cash pile rises to Â£34m (October 2007)

Telecom Plus - Massive cash pile (July 2007)

Telecom Plus - Interim results beat expectations (February 2007)

Telecom Plus - Multi utility reseller returning (January 2007)

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

Telecom Plus - More customers taking at least four services

June 2012

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