MIDAS recommends Telecom Plus

Telecom Plus does not own any of these products, but it buys in bulk from firms such as npower and passes on savings to customers. These are particularly welcome today and the company unveiled eyecatching results last week.

In the six months to September 30, pre-tax profits were up 55% to £9.8m and the dividend rose from 4p to 5p. The company has net cash of almost £29m and unless something dreadful materialises, it promises to pay a total dividend of 17.5p for the year to March 2009, rising to 22p in 2010.

Brokers suggest profits will rise almost 40% to £23.5m this financial year and they also believe the company can double customer numbers by 2010.

The group still has just 1% of the phone and utilities market, so there is plenty of room to grow. It acquires customers through word of mouth and independent, part-time distributors.

In a recent survey, 94% of customers said they would recommend Utilities Warehouse, so word-of-mouth expansion looks promising. The number of distributors is growing too, as people try to earn extra cash.

Chief executive Charles Wigoder is a fortunate or perhaps extremely gifted man. He owns 16m Telecom Plus shares and the stock is one of the very few to have risen in price over the summer.

• Midas verdict: When Midas recommended the company, the shares were 315p. Today they are 359p, a rise of 14%. Investors will not lose out by selling half their shares and taking profits, but it is worth holding on to the rest as the stock is yielding five% and the company has plenty of potential.

Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

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Growth priced in to utility group’s booming shares

Telecom Plus has all the hallmarks of a company that will do well out of an economic slowdown. The group supplies utility services such as gas, electricity and broadband to residential and business customers and is therefore a play on value-conscious households. Results this week for the six months to September 30 showed revenue rose 25 per cent to £88.9m, while pre-tax profit rose 55 per cent to £9.8m. So the group was bullish enough to declare plans to pay a total dividend for the current year of not less than 17.5p with another 22p next year. Charles Wigoder, chief executive, said that customer growth had accelerated further since September. Its shares have held up well in the last three months, rising 4 per cent, but therein lies the problem. Investec Securities puts the group’s prospective price-earnings ratio at 12.4 times, which gives it a deserved premium to its telecom peers, but means the share price may mark time for now.

Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

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Telecom Plus booms in downturn

Cost-cutting consumers have boosted customer numbers by 9 per cent in Telecom Plus' residential business since March. The growth was even greater in its corporate unit, up 30 per cent, and at current growth rates, customer numbers across the business will double over the next two years.

An improved service offering from the multi-utility provider, coupled with the rise in unemployment, has lifted the number of distributors by 18 per cent this year. This, plus higher energy prices, has pushed up sales. The group has also been helped by locking in favourable wholesale energy prices to insulate against energy price volatility, although operating margins of 10 per cent, up one percentage point in the first half, are not expected to be maintained.

KBC Peel Hunt forecasts full-year pre-tax profits of £23.2m and EPS of 24.9p (17.5p in 2008).

Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

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Sunday Tips

Multi-utility Telecom Plus have risen by 14% to 359p since the Mail on Sunday last recommended them. Investors will not lose out by selling half their shares and taking profits, but it is worth holding on to the rest as the stock is yielding 5% and the company has plenty of potential. Hold says the paper.

Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

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Telecom Plus Profits Up 55%

* Says on target to post record full-year results

* Raises interim dividend 25 pct

* Shares edge higher (Adds details, share movement)

Nov 26 (Reuters) - Telecom Plus Plc (TEP.L: Quote, Profile, Research, Stock Buzz) said on Wednesday its first-half pretax profit rose 55 percent, reflecting a larger customer base and higher retail energy prices.

The bundled utilities provider said it was on target to report record-high revenue and pretax profit for the full year. Telecom Plus, which trades as Utility Warehouse, offers a range of services -- including gas, electricity, fixed line and broadband Internet access -- to both residential and business customers.

The company declared an interim dividend of 5 pence a share, up from 4 pence previously.

It posted a pretax profit of 9.8 million pounds ($15 million) for the six months to Sept. 30, compared with 6.4 million pounds a year earlier, while revenue rose 25 percent to 88.9 million pounds.

Telecom Plus also said it appointed commercial director Andrew Lindsay as chief operating officer, effective immediately. At 0830 GMT, shares of the company were up 1.4 percent at 355 pence on the London Stock Exchange. (Reporting by Srikanth Srinivasa in Bangalore; Editing by Mike Miller)

Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

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People a Plan And Network Marketing is It!

The Network Marketing industry is better positioned than ever!

Ladies and gentlemen, people simply MUST come up with a plan and, if they don't choose Network Marketing where do they go?

- Professional sales in this economy?
- Service oriented professions in this economy?
- Traditional small business ownership in this economy?
- Corporate work in this economy?

PEOPLE NEED A PLAN! And there is no question that Network Marketing remains the finest "personal bail out plan" for the average person today. Nowhere else can a person start a business with so little risk and have so much upside within their reach. Will it take work? Sure, but what doesn't? Will it be uncomfortable? Yep, but not as uncomfortable as putting your head in the sand and hoping for things to change. Will it take the discipline of learning new skills? Absolutely, but you're probably facing that anyway (whether you recognize it or not).

I'll say it again, if not Network Marketing, then what?

Ladies & gentlemen, we are moving into our industry's Golden Age, but only for those with the Vision to recognize it.

Tell your story, paint the vision, and work to make it a reality.

You deserve it!

Your friend & partner,

Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

http://www.extrapaynow.com

Get That Slight Edge in 2009

A great email sent out by one of my team....


"Juswant Rai is doing it. Rhett Lewis is doing it. Mike Entwhistle is doing it.

I'm doing it too.

We are all building serious residual incomes that are growing month on month.

And so are literally hundreds of other property investors I know of.

Never has it been more important to have various income streams. If you don't have time to set up different income streams then THIS is the one you should be looking at.

• In the midst of a financial crisis that is affecting many businesses we are part of a company that is growing and prospering, having zero debt and £30M in the bank.

• The company's shares are the fastest growing shares on the London Stock Exchange in 2008.

• As property people, you'll like this next bit: The CEO sold the company premises at the peak of the market 18 months ago in a deal that allowed them to be rented back indefinitely. He has now bought the much needed larger MFI head office a stone's throw away for an absolute snip! That's the shrewd leadership that typifies how this company is run.

• At a time when just about everyone is looking to save money, we are also guiding people through the credit crunch by helping them save an average of £855 p.a. How many people do you know that could do with an extra £855 a year?

We are all doing this PART TIME simply by bolting it on to our property businesses and talking about it with tenants, letting agents, contacts and like minded people like YOU who want something more than working till retirement and worrying about cashflow from their property portfolio. Basically this appeals to anyone or any business who wants to save money.

It's simple. It's recession proof. It's completely risk free. And there is HUGE support.

Most of all it just WORKS!

That's why people like Glenn, Rhett, Mike, Juswant, myself and most business-minded people I talk to are grabbing this opportunity. Some don't - they are scared and prefer to sit still waiting for the economy to improve rather than take action to build their own residual income and secure their financial future irrespective of what the economy does.

In two weeks time Steph and I move into our dream family home (bought significantly BMV in this current market of course). I can't tell you what a fantastic feeling it is to know that the extra financial commitment we are entering will only be ours for 18 months. By then my residual income through this business alone will be more than enough to pay our hefty mortgage every single month whether we work or not.

I'm sure you have goals and dreams for 2009. Contact me now and by New Year you too can be up and running earning a growing residual income every day.

Wouldn't that be a great way to go into the New Year?

Regards
John

PS. If you have doubts, concerns or prejudices then contact me anyway - I had the same negative thoughts and I will happily share with you how unfounded they were and what convinced me to get involved.

Believe me I am no salesman - anyone who knows me will testify to that - but I do passionately believe in this incredible opportunity. Have a look at this video and then contact me to see how to join the likes of Glenn, Juswant and myself in building a serious residual income in 2009. "

Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

http://www.extrapaynow.com

Reacing Tipping Point - Join the #1 Opportunity in the UK

To quote someone who now far more about this than I..

"We have the best opportunity in the UK, the best company, and fantastic momentum. The economy is in our favour, just today I heard that house prices are down 17% on the year and re-possessions up 71%, banks refusing to pass on base rate cuts, 1 in 4 companies are preparing to lay off staff, 3 million mortgage owners face the possibility of negative equity! Get in there and share what a great fantastic opportunity we

have because it is the greatest, and people need it more than ever!


In the latest career opportunity slides we say that we can save an average householder £855 a year, that’s a massive £70+ a month, what a saving, how many families could do with that right now?? A lot.

The average working person in the UK faces massive uncertainty, about their job, future prospects, and ability to pay their debts, on the whole they are depressed about their future and probably not expecting a pay rise!"

Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

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Base Rate Cut to 3%

The Bank of England's Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves to 3.0%.


Since mid-September, the global banking system has experienced its most serious disruption for almost a century. While the measures taken on bank capital, funding and liquidity in several countries, including our own, have begun to ease the situation, the availability of credit to households and businesses is likely to remain restricted for some time. As a consequence, money and credit conditions have tightened sharply. Equity prices have fallen substantially in many countries.

In the United Kingdom, output fell sharply in the third quarter. Business surveys and reports by the Bank's regional Agents point to continued severe contraction in the near term. Consumer spending has faltered in the face of a squeeze on household budgets and tighter credit. Residential investment has fallen sharply and the prospects for business investment have weakened. Economic conditions have also deteriorated in the UK's main export markets.

CPI inflation rose to 5.2% in September. The substantial rise since the beginning of the year largely reflects the impact of higher energy and food prices. But commodity prices have fallen sharply since mid-summer, with oil prices down by more than a half. Inflation should consequently soon drop back sharply, as the contribution from retail energy and food prices declines, notwithstanding the fall in sterling. Pay growth has remained subdued. And measures of inflation expectations have fallen back.

Since the beginning of the year, the Committee has set Bank Rate to balance two risks to the inflation outlook. The downside risk was that a sharp slowdown in the economy, associated with weak real income growth and the tightening in the supply of credit, pulled inflation materially below the target. The upside risk was that above-target inflation persisted for a sustained period because of elevated inflation expectations. In recent weeks, the risks to inflation have shifted decisively to the downside. As a consequence, the Committee has revised down its projected outlook for inflation which, at prevailing market interest rates, contains a substantial risk of undershooting the inflation target. At its November meeting, the Committee therefore judged that a significant reduction in Bank Rate was necessary now in order to meet the 2% target for CPI inflation in the medium term, and accordingly lowered Bank Rate by 1.5 percentage points to 3.0%.

The Committee's latest inflation and output projections will appear in the Inflation Report to be published on Wednesday 12 November.

The minutes of the meeting will be published at 9.30am on Wednesday 19 November..





Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

http://www.extrapaynow.com

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