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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus

June 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:
  • 812p
The shares fell sharply after an update for the year ended 31 March 2015 revealed several factors that caused profit guidance to be slashed.While the reseller of gas, electricity, mobile, fixed line and broadband services increased the number of customers and services taken by almost 11% to 587,223 and over 2.1m respectively, this was more than offset by an increase in provisioning for gas leakage, albeit an accounting adjustment that does not affect its cash position. This comprises losses due to estimated gas readings being lower than actual usage, money that is almost never recovered as well as higher levels of theft within the gas distribution network than had previously been anticipated. As a result, the new finance director h ...

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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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