Telecomplus was voted 3rd fastest growing company in UK and 11th best share performer for 2002,,not bad for a Network Marketing company..Share price now at 220.50 and next resistance level at 230.00 In september we will have our yearly Express Day where new services will be launched as well as recognition for those exec's whom have contributed in thier efforts to make this company as successful as it is today.

Keep your eye on this thread as i will update as soon as new news is available..

Mark

For anyone whom wonders what T+ do go to this site for more info..

www.telecomplus.org.uk/choc

make that 15p

Here you go guys and gals,,

TELECOM plus PLC
Preliminary results for the year ended 31 March 2004


Telecom plus plc, the UK's leading integrated multi-utility (gas, electricity, telephony, internet), announces preliminary results for the year ended 31 March 2004.

Financial and business highlights:


*Turnover up 41% to #81.8m (2003: #58.0m)
*Profits before tax up 90% to #10.6m (2003: #5.6m)
*Final dividend of 5.5p, total of 10.00p for the full year (2003: 5.75p)
*Earnings per share of 12.2p (2003: 6.8p)


*Subscriber base increased 33% to 178,000 (2003: 134,000)

*Number of services provided increased 39% to 312,000 (2003: 225,000)

Peter Nutting, Chairman, said:

"We have now successfully transformed ourselves from an alternative supplier of fixed-line telephony services into the UK's first low-cost integrated multi-utility offering gas, electricity, fixed telephony, mobile telephony and internet services.

"We are particularly encouraged by the initial response to our introduction of the Utility Warehouse Discount Club concept during October 2003 (a refinement of the new brand we had launched a year earlier), which has led to a marked increase in the average number of services being taken by each new member.

"The combination of our unique multi-service utility proposition, the successful introduction of our new "Club" concept and the exceptional value we are providing to our customers give us great confidence in our ability to deliver sustained growth over the coming years."

With such good results, how come they're down 11.5p????

Always happens and has for the last few years Princess,,should see it recover from next week on.

WOW,,down quite a bit now..This is one of the companys that combines telecoms and energy supply so i wonder if its the oil prices which have a bearing on why our price has suffered,,especially after those great results.

Must say i cannot understand this share now,very puzzling..Can anyone enlighten us??

just give it time, this company is going places. the margins on gas are a bit tight at present, but with the plans this co has, I am not worried.

turnover up 41% profits up 90% and still the price plunges, makes you wonder why .

Antje I feel the same and I am going to hold unless there is some "bad" news which hasn't hit the market comes out.
I don't think the Gas problem is enough to discredit this company to this degree.
It must be irritating if you are running the company unless of course you wish to buy a few more shares.

Good thing I didn't get in 300+. I agree company is fundamentally sound but me thinks its heading for 220?

Yes ive heared talk of 220 but WHY..Ive been a distributor for 5 years now with this company and have seen it grow from very little to where we are today,,BUT i cannot understand why the drop??? I know of no bad news on the horizon only good news and good future plans..

Next support level at 248p. Then 217p and then 199p.

I don't understand this... Charles Widoger buys 100,000 and the price goes up 4%, even though there's a single sell of well over a million this morning.
Can anybody explain this???
This one gets me more and more frustrated! Determined to hold until I get back (or close) to break even. GRRRRRRRRR!!!!

Its GRRRRRRR from me to. I think the way forward might be for "azhar" to keep up his gloom and doom message !

Well there was support at 240+ we might start going up now. Tempted to get in!!

Data Cash Triggered at 110, bought another tranche of TEP at 271.5p I think the fundamentals are sound. Only anxiety is comment about Gas supplies.

Here is my thread by the way..