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Telecom Plus - Record rise in customer numbers

March 2014

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:
  • 1838p
Telecom Plus ended Q3 by setting new records for customer recruitment, total number of services supplied and distributor numbers.Overall, customer numbers in Q3 went up by 15% year-on-year to 513,000. From April, energy tariff reforms (RMR) are set to go live and the energy companies are obligated to advertise their most competitive tariffs to their incumbent customer base and Telecom Plus expects it to work to its advantage - time will tell although the company says it has already had a strong start to Q4, with growth in customer numbers accelerating to 25% and Q4 will also see the margin benefit from its acquisitions, which reduces its wholesale energy price (Finncap reckons a 4.5% enhancement to gross margin). Opus Energ ...

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