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Telecom Plus – CEO’s share sales vindicate my caution

By Steve Moore | Wednesday 5 March 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I previously wrote on Telecom Plus (TEP) following a trading update from the company last month, which reported a “continuing strong performance of the business” and saw Chief Executive Andrew Lindsay state that “the opportunities for further significant organic growth over the next few years are immense”. I now update with Lindsay having subsequently sold more than £3 million of shares.



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