Results out soon in August.

Broker recos look very bullish and why not on a P/E of just over 6 to 2011.....

Thomas Cook Group PLC

FORECASTS 2010 2011
Date Rec Pre-tax (�) EPS (p) DPS (p) Pre-tax (�) EPS (p) DPS (p)

Panmure Gordon
02-08-10 BUY 319.00 27.10 11.30 338.00 28.70 12.40

Exane BNP Paribas
02-08-10 BUY 116.00 26.62 10.75 319.00 28.87 11.66

Numis Securities Ltd
02-08-10 ADD 324.20 27.60 11.25 357.10 29.90 11.81

Oriel Securities
02-08-10 BUY 330.40 28.40 11.40 363.50 31.30 12.10

KBC Peel Hunt Ltd
30-07-10 BUY 301.06 25.22 10.75 313.36 26.23 10.93

WestLB
30-07-10 SELL 28.81 11.52 29.91 11.96

Shore Capital
30-07-10 HOLD 312.00 26.50 11.80 347.00 29.50 13.00

Charles Stanley Securities
15-06-10 HOLD

Evolution Securities Ltd
11-02-10 None

Investec Securities [R]
09-02-10 BUY 327.00 27.30 11.74 352.23 29.39 12.49

Fyshe Horton Finney Ltd
25-01-10 BUY

Collins Stewart
24-12-09 BUY

Nomura Research Institute
25-09-09 RED

2010 2011
Pre-tax (�) EPS (p) DPS (p) Pre-tax (�) EPS (p) DPS (p)

Consensus 316.42 26.98 11.36 342.50 29.39 11.96

1 Month Change 1.07 -0.22 0.01 3.43 -0.14 -0.14
3 Month Change -11.92 -1.09 -0.05 -11.79 -1.00 -0.44


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 2.76% 0.38% 8.92%
DPS 14.03% 10.80% 5.26%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA �574.90m �589.69m �613.90m
EBIT �372.50m �420.55m �447.05m
Dividend Yield 5.38% 5.96% 6.27%
Dividend Cover 2.62x 2.38x 2.46x
PER 7.10x 7.07x 6.49x
PEG 2.57f 18.55f 0.73f
Net Asset Value PS -240.80p 224.47p 240.43p

ShareCast News



FTSE 250 movers: JPMorgan, Thomas Cook rally

Fri, 28th Jun 2013 13:52



India-focused companies JPMorgan Indian Investment Trust and Essar Energy edged higher as the country's government approved the a doubling of natural gas prices.

Thomas Cook Group rallied after Fitch Ratings upgraded the travel company's long-term foreign currency Issuer Default Rating (IDR) to 'B' from 'B-' and senior unsecured rating to 'B+'/RR3 from 'B-'/RR4.

African Barrick Gold, on the other hand, slumped as the price of gold fell 1.18% to $1,197.30 per ounce.

Online sports broadcaster, Perform Group, continued to fall after saying on Thursday that a changing revenue mix will "modestly" restrain profit growth.

http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=20995365&ArticleHeadline=ftse_250_movers:_jpmorgan_thomas_cook_rally

Nice steady rise back up to c150p is my target and might be tempted to take some profit at that point.

Now 140p and chart looking strong for further upside, imo.

Seems I may have to make a decision sooner than expected. Now 146p.

Well done for holding here Harry.

The odd one has to work out sooner or later........law of averages, but thank you!
Trouble is that chart isn't really much use after 150p, so am going to have to wing it!
I bought rights at 76p, so will try and double those if I can.

I had them from @24p up to just over a quid with a couple of gaps -and nicked a few to the short side.

It would have been far less stressful, to have just held.

Yep.

Been quite a ride.

So has TW. been.

Best trader at moment for me this one.

time to take profits then, I did earlier on

05 Jul 2013 Thomas Cook Group... TCG Morgan Stanley Overweight 144.90 143.00 160.00 160.00 Reiterates

SP TARGET 160p

ORH SpA: EXCLUSIVE AGREEMENT WITH THOMAS COOK GROUP PLC
Thomas Cook Group plc ("Thomas Cook") and the Company's 73.43 per cent. owned Italian hotel management company, ORH SpA, have signed an important agreement on the Watamu Bay Resort Hotel in Kenya. Thomas Cook, one of the world's biggest tour operators, will be entitled to the exclusive booking rights in all main European markets for the Watamu Bay Resort Hotel, one of the hotels managed by ORH SpA.

Commercialisation of the hotel will be through all European Thomas Cook brands and the exclusivity agreement will run between 1 November 2013 and 20 December 2015. In Italy the resort will still be booked through Italian operators.

This important first step for the Ora Hotels brand, to sell its holidays outside its home market of Italy, shows the quality of the holiday products sold by ORH and is the start of its strategy to enlarge the customer base for Ora Hotels across Europe.

UBS comment today:
"TCG delivered H1 pricing growth of 4-11% in the three main geographies. Given the soft y/y comps we had assumed that these would normalise in H2, and previously projected FY pricing of 1.6%. With continued bad weather through Q3 driving strong UK demand and controlled capacity from the airlines throughout Europe, we believe this was too conservative. We have increased our FY pricing forecast to 4.7%, with good drop-through driving an EBIT margin expansion from 2.7% to 2.9% (1.6% in 2012). This results in c8% upgrades to 2013-14E EBIT.

Consensus upgrades to date have come from increasing management guidance on cost reductions (£330m expected from 2012-15E). We remain cautious that some of this cost out could be lost to other cost inflation and lost revenues and thereby not be entirely translated to increased EBIT. We now project 2015 EBIT of £413m implying an uplift of £257m (a c75% conversion of cost out to EBIT uplift).

2013 has to date been an almost perfect environment for tour operators. A reformed operator bringing back market discipline, bad weather encouraging continuing strong bookings, restructuring EU airlines enabling capacity control, and a favourable FX situation. All have contributed to strong momentum on the top and bottom line which will continue for now, but do not expect it to last forever.
Our PT is based on 6.4x 2014E EV/EBITDAR, a 5% discount to TUI Travel."

Breaking from previous highs

The Sunday Telegraph:

Thomas Cook is close to reaching a crucial milestone in its recovery amid expectations that Britain's oldest tour operator will have broken even for the third quarter, following heavy losses last year.

If its broken even that would be brilliant news. Think though that might be a bit over the top, but bring it on.

Added a few more last week.

i assume a few more in your case would be buying a further 100,000 shares ..... whoops! that's certainly a couple of zeros too many :-)

Is someone taking the PIZZ..............?

Thomas Cook is going places today

on moving over 155p then 164p will be the next taking number

Not liking the SP action and negative volume here before update.

Anyone thinking its telling us something???.