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Telecom Plus

June 2009

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:
  • 275.25p
Customer growth at Telecom Plus, the UK's only fully integrated multi-utility provider, has continued to accelerate in Q4 with a further 22,160 customers added to deliver 281,000 customers by the year ended on 31 March. That compared to 19,082 customers and 14,741 in each of the previous two quarters.  Overall, helped by an increase in gas and electricity prices during the year to 31 March, this gave rise to an increase in turnover of 49% to £278m. Pretax profit was up 34% to £22.5m and eps by 37% to 24.2p.Average spend per customer now stands at £1,057, primarily reflecting the higher proportion of sales from supplying gas and electricity but gross margins fell from 19.3% to 18.6% as these services tend to be lower ...

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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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