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

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.

really? ..... i believe FO has been warning people to stay away from egypt for the last several months

FO has not warned on Red Sea resorts, just Cairo, Nile Delta and a few other hot spots. You can still book holidays in Egypt, I am waiting for a price drop for later this year. H

i would have thought sharm el shaikh qualified as a "hot spot" for terrorist strikes ..... was there not one there in recent memory?

Whose recent memory!

who in their right mind is going to buy a holiday to the middle east atm, Egypt, Syria, Bahrein, Iraq, Iran, Turkey you name it?

Egypt is falling apart its so sad for the people.

Turkey is generally safe enough; Bahrain has little to commend it anyway; the otheres are self-apparent, or do i mean self-condemnatory

People are flocking to Turkey on holiday and what is going on in Egypt is not going to stop them. jmop

There was a terrorist attack in Sharm in 2005 killing 88 people. Since then military barriers have been erected around many of the resorts. Agree with halifax, I would n't book it atm. H

fred - try this too ..... like i said, it's within recent memory but seemingly not yours :-)

02 Nov 2012
The Foreign Office yesterday raised the terror threat level for the country from “general” to the most serious category of “high”, meaning an attack is likely...... Five jihadists were arrested by Egyptian police near the border with Gaza last week fuelling reports they planned to attack the Sharm el-Sheikh resort over Christmas...... They were captured with guns and rocket-propelled grenades .......

In 2006, two Britons were among 23 people killed in a series of bombings in the resort town of Dahab.
A year earlier, bomb attacks in Sharm el-Sheikh left 88 people dead and 150 wounded and in 1997, 62 tourists were killed near Luxor by a group posing as security guards.

The bounce is on today after the recent sharp drop

A few too many lurches down for my liking, but another war in the ME probably isn't going to help any sp except the munitions manufacturers.