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Telecom Plus

June 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:
  • 335p
TEP's results this month show revenues went up by 6% to £186m during the year to 31 March but the quality of business continued to improve as customers took more services and on a single unified bill (telephony and utilities on a single bill) with costs largely fixed, this has had an electrifying effect on profits. But the year was one of two distinct halves. H1 sales had been impacted by the lower retail energy prices and a decision by TEP to provide customers taking more than one utility service with free telephone calls instead of a previous cashback scheme. The second half felt the benefit of these actions, which showed through in the form of rising customer numbers (5.3k customers added in H2 to end the year with 217. ...

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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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