Julian Schild, a Non-Executive Director of Telecom Plus has bought shares in the utility services provider, two weeks after the firm said full year profits are expected to be slightly ahead of market expectations, after it enjoyed a recent acceleration in organic growth.
Schild purchased 10,000 shares at 610.50p each for a total of £61,050, and 5,000 at 612p each for a total of £30,600. The shares are currently trading around the 640p mark.
In February, the group said that customer numbers for the first nine months of its financial year, which runs to the end of March, are ahead by 31,180, and service numbers for the same period are ahead by 151,032. These represent annualised growth rates of 11% and 17% respectively.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
On top of the growth in customer numbers the group is seeing customers taking more services, on average, from the group, with the proportion of new customers who are taking at least four services from the group exceeding 50% in recent weeks. This trend can be expected to drive both higher average revenue per customer and lower churn over the months and years ahead.
Trading in January was solid, with distributor activity levels up sharply in January after a number of initiatives introduced at the end of 2011.
The stock has gained over 36%, or 170.50p in the past year. On Thursday shares rose by 4.48% to 641.00p.
Top Director Buys
Telecom Plus (TEP)
Director name: Mr Julian Schild
Amount purchased: 10,000 @ 610.50p
Value: £61,050
Westhouse Holdings (WHL)
Director name: Mr Garth Milne
Amount purchased: 115,002 @ 45.00p
Value: £51,751
SnackTime (SNAK)
Director name: Mr Michael Jackson
Amount purchased: 125,000 @ 40.00p
Value: £50,000
Telecom Plus (TEP)
Director name: Mr Julian Schild
Amount purchased: 5,000 @ 612.00p
Value: £30,600
SnackTime (SNAK)
Director name: Mr Blair Jenkins
Amount purchased: 50,000 @ 43.00p
Value: £21,500
SnackTime (SNAK)
Director name: Mr Ian Forde
Amount purchased: 50,000 @ 43.00p
Value: £21,500
Westhouse Holdings (WHL)
Director name: Mr Christopher Getley
Amount purchased: 40,000 @ 45.00p
Value: £18,000
Westhouse Holdings (WHL)
Director name: Mr Andrew Beeson
Amount purchased: 40,000 @ 45.00p
Value: £18,000
Westhouse Holdings (WHL)
Director name: Mr William Staple
Amount purchased: 40,000 @ 45.00p
Value: £18,000
Pursuit Dynamics (PDX)
Director name: Mr Jeremy Pelczer
Amount purchased: 15,000 @ 84.50p
Value: £12,675
NR
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
