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Telecom Plus - Trading "marginally ahead"

March 2012

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:
  • 635p
Telecom Plus' Q3 trading update confirmed that  full year results are “marginally ahead†of market expectations. But then this is to be expected, with the group having previously highlighted the reasons - the large and recent increase in distributors and the reduced churn amongst customers.Customer numbers are ahead by 31,000 in the first nine months taking the total to 392,166. Peel Hunt's eps forecast inches ahead to 33.1p for the year ending this month and Telecom Plus confirms it will pay out almost all of this (27p) as a dividend.Broker forecasts for next year look pedestrian against current momentum and as one measure of Telecom Plus' ambitions, it has just bought a 127,000 sq ft office building on Edgware Roa ...

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