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

01 Aug 2013 Thomas Cook Group... TCG Investec Buy 159.40 153.60 185.00 185.00 Retains

TARGET PRICE 185p

UPDATE 2-Thomas Cook says more to come after restructuring yields profit

01 Aug 2013 - 11:31

(Adds CEO, analyst comment, shares, details) By Rhys Jones LONDON, Aug 1 (Reuters) - Thomas Cook made its first third-quarter profit since staving off bankruptcy in 2011 and told investors to expect more from a restructuring that has seen it cut jobs, divest businesses, shut branches and merge its airline operations. The company has also halved its debt pile in order to help it recover from slumping sales due to the euro zone debt crisis, high fuel costs and social and political turmoil in popular holiday destinations such as Greece and Tunisia. Earnings before interest and tax (EBIT) were 1 million pounds ($1.52 million) in the three months to July, up from the 45 million pound loss it reported in the same period a year ago, the world's oldest travel firm said. "This is just the start ... we look forward to delivering much more," said Harriet Green, who took over as CEO a year ago. Green has pledged to boost profits by $500 million by 2015 by streamlining the business and moving more operations online. The 172-year-old group, saved by an emergency bail-out from its lenders two years ago, is half way through a three-year turnaround plan, which has seen it cut 2,500 jobs and close 195 underperforming outlets in Britain. Thomas Cook shares rose as much as 5.3 percent to 161.9 pence, their highest level in more than 16 months. By 1020 GMT the stock was up 2 percent. The company has sold 85 percent of its planned capacity for the summer 2013 season and has 9 percent fewer packages left to sell in the late-bookings market than last year. Green did warn, however, that that market last year was particularly strong due to bad weather around much of Europe, which is not a factor this year. The group is always profitable in its fourth quarter, following the summer holiday period. The tour operator said it delivered an additional 31 million pounds of cost cuts during the third quarter, taking the cumulative total for 2012-13 to 138 million. Net debt more than halved to 452 million in the last 12 months, it said. "Thomas Cook is delivering, and we expect it to continue to do so," said Jefferies analyst Ian Rennardson. "With a strengthened balance sheet and cost savings on track, with more promised, the company is well on the road to rehabilitation." ($1 = 0.6596 British pounds) (Editing by Louise Ireland) ((r.jones@thomsonreuters.com)(+44 207 542 4166)(Reuters Messaging: rhysl.jones.thomsonreuters.com@reuters.net)) Keywords: THOMASCOOK/

161.50p +1.75p

continuing witht the breakout and now looking for 166p top

HSBC raises target price to 200p from 162p; rating overweight

Awesome. So glad I held onto my stock and bought the rights. I realise this can't go on forever, but happy to ride the trend for the moment.

Well done HARRY, it looks like there are legs left in this, especially if the weather this Winter is as bad a last Winter !

Nice one Harry.

and i just bought in at 124.5 when they blipped in the morning of going xr, so i guess we're all pretty happy :-)

I see from this week's IC that shareholders in TCG can benefit from 10% discount on holidays booked through them. I wonder if holding stock in a nominee account qualifies as I presumably don't appear on the share register?

harry - correct

These have always been worth a look - Shareholder perks

Regarding shareholger perks, my wife receives vouchers for her M&S shares which give discounts on purchases and cafe items. The shares are in her ISA with Barcays.

StockMarketWire.com
Citigroup has upgraded its recommendation on Thomas Cook Group (LON:TCG) to "buy" from "neutral" after updating its forecasts following last Thursday's positive third quarter results announcement. Analysts believe that the results confirm that the company is actually delivering on its cost saving measures, meeting the targets set out by management, and are therefore confident enough fully reflect further planned savings in its numbers. The City broker has therefore upgraded its target price by 33 per cent to 195 pence a share (up from 147 pence) and its stock rating to "buy" from "neutral". While gaining confidence over management's ability to put the break on costs, the broker still remains sceptical over the company's ability to deliver over the long-term given the challenges it faces over delivering top-line (revenue) growth.

JP Morgan Cazenove Overweight 162.70 162.30 180.00 180.00 Reiterates

Bank of America Merrill Lynch Underperform 162.70 162.30 145.00 145.00 Reiterates

Jefferies International Buy 153.40 155.00 200.00 Reiterates

Broker's recommendations haven't done SP a lot of good.

UMMh

B/or/S?

On the contrary Fred, Panmure Gordon's frequent targets of 9p to 13p when the share price was steadily going North to 120p worked wonders for the SP ! I don't hold these at the moment, but I think Jeffries target of 200p is achieveable in the next few months.

DB4,

Thank you.

I feel poorer but better.


Thank goodness I only have my wife's Xmas present on them.
8-)

so no present for the missus this year then :-)

Temporary blip on a bad day for the general market, thinking about buying back in at this price Fred!

Glad I flogged my stock last week.

Been looking on other boards.... Egypt seems to be a big factor in the SP decline.

Will be glad to re-enter when I think they have stabalised.