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

Testing previous (recent) high @170p.

UPDATE 1-Thomas Cook turnaround gathers pace as profit rises 49 pct28 Nov 2013 - 07:47

(Adds details) LONDON, Nov 28 (Reuters) - Thomas Cook posted a 49 percent jump in full-year operating profit and raised its revenue and cost cutting targets in the latest stage of a turnaround at the world's oldest travel firm. The 172-year-old travel group on Thursday reported earnings before interest and taxes (EBIT), excluding exceptional items, of 263 million pounds ($428.09 million) for the year to the end of September, ahead of a company supplied consensus forecast of 251 million pounds. The tour operator is recovering from a dramatic slump in sales over the last two years, hit by the euro zone debt crisis, high fuel costs and social and political turmoil in popular holiday destinations such as Greece, Egypt and Tunisia. Since travel industry outsider Harriet Green took over as CEO 16 months ago, the firm has seen a steady improvement in its finances following job cuts, store closures and a series of disposals to slash its debt, which now stands at 421 million pounds, down from 788 million a year ago. Green said the was business was now "back on a firm trajectory of profitable growth" and that she was "confident of delivering significantly more" in the coming years. Reflecting this confidence, Thomas Cook expects to cut costs by 440 million pounds by 2015, 10 percent more than previously expected, and to deliver a further 440 million pounds of savings by 2018. It also increased its target for 2015 new product revenue by 40 percent to 700 million pounds. Green has pledged to boost profits by $500 million in the next three years by moving more of its operations online. Its operating margin rose 0.9 percentage points to 2.8 percent, while revenues jumped 1.3 percent to 9.32 billion pounds, helped by robust demand for fixed-price holidays. Thomas Cook said 36 percent of 2013 sales were made online during the year, 2 percent up on a year ago, after it reduced its online brands to three in the UK and one in Germany, and extend products offered online. Thomas Cook unveiled a 1.6 billion pound refinancing plan in May designed to cut debt and enable it to resume paying dividends by the end of 2015. Jefferies analyst Ian Rennardson said the "combination of more cost reductions and higher revenue growth is likely to drive consensus upgrades to 2015 forecasts". Shares in Thomas Cook, which have more than trebled in 2013, closed at 152.8 pence on Wednesday, valuing the company at around 2.2 billion pounds. ($1 = 0.6144 British pounds) (Reporting by Rhys Jones; editing by Kate Holton and Brenda Goh) ((r.jones@thomsonreuters.com)(44)(20)(7 542 4166)(Reuters Messaging: rhysl.jones.thomsonreuters.com@reuters.net)) Keywords: THOMASCOOK/

Sunny prospects for Thomas Cook as it delivers a profit
by Harriet Green
November 28, 2013, 8:45am


Things are starting to look up for Thomas Cook as the travel company saw an operating profit for the first time since 2010, as the first year of its turnaround plan starts to take off. Shares have rocketed this morning on the news, up over 11 per cent, putting it at the top of the FTSE 250 risers.

Underlying operating profit was up by 49 per cent to £263m. Chief executive Harriet Green, for whom this was her first full year in charge, said: "We've taken out more cost more quickly than originally planned. The balance sheet has been strengthened; the £1.6 billion recapitalisation has been completed, maturities extended and we have almost halved our net debt."

- See more at: http://www.cityam.com/blog/1385628300/sunny-prospects-thomas-cook-it-delivers-profit#sthash.watEqsMQ.dpuf

very happy to stay put :-)
q is whether or not to top up

Wait for Broker reports. I think their may be some upgrades cyners. Im thinking of adding aswel.

AFP © Thomas Cook slashes annual losses

London (AFP) - British travel firm Thomas Cook on Thursday announced a large reduction in annual losses as a result of deep cost-cutting.

Losses after tax dropped to £199 million ($324 million, 239 million euros) in the year to the end of September from £585.7 million in 2011/12, Thomas Cook said in a results statement.

"I am delighted to report that the first 365 days in the transformation of Thomas Cook have been a great success," said chief executive Harriet Green.

"We've taken out more cost more quickly than originally planned," she added.

The company has earlier this year announced plans to axe 2,500 jobs in Britain as part of its turnaround efforts after being plagued by the eurozone debt crisis, unrest in Egypt and high fuel costs.

"Compared to last year, (current) winter bookings have been adversely impacted by social unrest in Egypt, which has resulted in significantly reduced demand to that destination," Thomas Cook said on Thursday.

The company added that earnings before interest payments and tax (EBIT) came in at £13 million compared with a loss of £170 million one year earlier. It was the group's first operating profit since 2010.

Annual group revenue meanwhile edged up 1.3 percent to £9.315 billion.


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28 Nov 2013 Thomas Cook Group... TCG Numis Add 168.80 153.20 175.00 175.00 Retains

175 SP TARGET.

First of many updates.

Thomas Cook Group... Numis Add 169.15 175.00 175.00 Retains

For those interested here are the details of the conference call at 10am......

hTTp://www.thomascookgroup.com/2013-results-and-strategy-update-for-equity-analysts-and-investors-webex-details/?from=10

sticky old bean, do you have any idea of the comparative current P/E or similar sensible ratings between TCG and say TT. (Tui)?

bought a lump at 173.5 ..... marginally brave, but i suspect that TCG will have a revival as a market darling

Investec Hold 174.35 155.00 155.00 Retains

Very brave , whole markets due a stepback soon.

Just closed here for now.

market as a whole, i wouldn't disagree, but more in dow's footsteps than anything else i'ld hazard ..... that said, just as there are stinkers in good markets, there are winners in poor ones .... further, i don't expect any retrenchment to be more than short term consolidation

Cyners question answered here....... on sharecast.......

Jefferies has kept a 'buy' recommendation and 200p target price for travel operator Thomas Cook after the company's full-year results and near-term guidance came in much better than expected.

"Thomas Cook is delivering. Margins are improving, net debt has fallen and the balance sheet considerably strengthened, more cost savings are promised and, importantly, trading is robust. Yet the shares still trade at a discount to its major competitor, TUI Travel. We think this is becoming increasingly difficult to justify, especially given the likely higher growth rates at Thomas Cook Group."

Cyners heres the old forecasts for TCG obviously not yet updated.....

Thomas Cook Group PLC

SUMMARY CHARTS DIRECTOR DEALINGS FORECASTS WIRES 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Exane BNP Paribas
27-11-13 BUY -43.00 5.51 168.00 10.99
Numis Securities Ltd
25-11-13 ADD 100.40 6.50 208.80 11.20
Shore Capital
22-11-13 BUY 110.00 5.60 187.00 11.40
Investec Securities
21-11-13 HOLD 97.10 6.97 200.60 10.63

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 104.45 5.84 200.45 11.04
1 Month Change -1.19 0.19 1.64 -0.16
3 Month Change -1.46 0.20 1.78 -0.16


GROWTH
2012 (A) 2013 (E) 2014 (E)
Norm. EPS % % 89.12%
DPS -65.12% % %

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)
EBITDA £326.90m £421.11m £525.32m
EBIT £126.50m £246.42m £360.62m
Dividend Yield 2.12% % %
Dividend Cover -4.46x x x
PER -10.56x 26.26x 13.88x
PEG f f 0.16f
Net Asset Value PS -269.33p 25.90p 34.10p

And heres TUI.........

TUI Travel PLC

SUMMARY CHARTS DIRECTOR DEALINGS FORECASTS WIRES Page is currently unavailable

2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Exane BNP Paribas
27-11-13 HOLD 336.00 26.36 12.52 401.00 29.22 13.14
Panmure Gordon
27-11-13 BUY 462.00 29.80 12.90 497.00 32.10 14.20
Shore Capital
22-11-13 BUY 430.00 27.90 12.80 478.00 31.00 14.20
Westhouse Securities
21-11-13 BUY
Investec Securities
21-11-13 SELL 458.20 28.66 13.49 502.70 31.10 14.80
Morningstar Equity Research
22-10-13 HOLD 350.45 25.00 13.00 395.79 27.00 14.00
Numis Securities Ltd
26-09-13 ADD 470.00 29.80 12.90 533.60 33.80 13.50
Charles Stanley
26-09-13 RED 423.15 27.99 12.69 444.31 29.39 13.33

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 454.48 28.40 12.86 488.77 30.72 13.95
1 Month Change 3.51 -0.06 0.07 3.29 0.22 0.08
3 Month Change 22.84 0.90 0.14 15.83 0.64 0.29


GROWTH
2012 (A) 2013 (E) 2014 (E)
Norm. EPS 13.76% 11.21% 8.19%
DPS 44.87% 13.82% 8.43%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)
EBITDA £658.00m £736.74m £797.08m
EBIT £439.00m £562.08m £620.76m
Dividend Yield 3.12% 3.54% 3.84%
Dividend Cover 2.26x 2.21x 2.20x
PER 14.21x 12.78x 11.81x
PEG 1.03f 1.14f 1.44f
Net Asset Value PS -260.91p 150.30p 163.40p

Obviously todays results makes the 2014 P/E for TCG far cheaper.

your quote in 1177 is the more revealing i think, and i suspect my move may not have been so rash after all

Ive added earlier and well into profit already. Might get a pull back tomorrow on profit taking but should be set up for the xmas rally.