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Telecom Plus

August 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:
  • 344p
Telecom Plus has issued a very positive update for Q1 to 30 June. This said turnover, profits, customer numbers, new services and new distributor recruitment have all exceeded expectations, leaving the company "extremely comfortable" with broker forecasts.Customer numbers increased by 7,160 to 225,017 during Q1 and the number of services provided rose by over 26,000 to 618,320, the highest number being added in any of the past six quarters. Cash at the end of June stood at £32.9m and Telecom Plus expects to lift its dividend payment this year to "not less than 17.5p" versus 14p last year. Telecom Plus said it continues to expect further strong growth driven by a growing number of distributors and the inclement economic con ...

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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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