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Telecom Plus - Shares close to 52 week high

December 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:
  • 352p
Since our main write up in March, Telecom Plus has been one of those shares to remain close to highs on the back of households focusing on reducing their utility bills and encouragingly, the company has reported strong results for the six months to 30 September, with pretax profit up 55% to £9.8m on revenues up 25% to £88.9m. Earnings went up 64% to 10.8p.Net cash at the period end was £28.9m, slightly lower than this time last year having paid a £6.6m dividend in August and after spending £9m on a new office to accommodate the rapid organic growth in new customers and distributors (pressures in the employment market led to an increase in distributor numbers of 18% during FY08). The factors supporting this growth are m ...

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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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