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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Telecom Plus - 15% upgrade to profit forecast

October 2008

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:
  • 363p
Yet another strong update from Telecom Plus has sent the shares to a new high. Helped by energy price rises from its competitors, customer numbers have increased almost 16,000 to over 233,500 for the first five months. This along with record numbers of new distributors joining the business is enough for broker KBC Peel Hunt to upgrade pretax profit forecasts for the year to 31 March '09 by 15% to £23.2m and by 10% to £25.2m for 2010. Eps is hiked to 24.9p and 27.1p respectively.  The shares have more than doubled since we napped them in January at 178p, yet on a PE for next year of just 13.4 they remain inexpensive. Keep running profits. ...

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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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