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

First dabble here in a while - increased interest after World Cup demise maybe.

Thomas Cook deploys Lufthansa flight planning to improve operations
Delivers more automation and route optimisation

Thomas Cook Group has deployed Lufthansa Systems' flight planning technology to improve operations at its airlines.

The Lido/Flight system is now being used by all airlines in the group, covering a total of 88 aircraft as part of a ten year contract. Lufthansa Systems already hosted the Thomas Cook data centre.

Thomas Cook Group Airlines comprises Thomas Cook Airlines UK, Thomas Cook Airlines Belgium, Thomas Cook Airlines Scandinavia and Condor. By mid-2016 a total of 25 brand-new Airbus A321 aircraft will be added to the fleet.

Lido/Flight offers flight dispatchers a host of options for optimising flights in terms of flying time, fuel consumption, air traffic control fees and other costs. Integrated data and a variety of additional modules for Lido/Flight increase the degree of automation and support the work of flight dispatchers.

“The Lido/Flight flight planning solution offers us a high degree of automation and extensive route optimisation capabilities. This enables us to lower our fuel consumption and thus our costs," said Christoph Debus, group head of air travel at Thomas Cook Group.

Thomas Cook Airlines is using additional Lido/Flight modules such as the InflightMonitor. Both prior to departure and during a flight, this module reviews new information relevant to safe flight operations which might affect the planned routes, airspaces or airports, and transmits it to the flight dispatcher or directly to the pilots in the aircraft.

In September 2012, Thomas Cook Group moved a large chunk of its outsourced e-commerce operations from Accenture to CatN.

Thomas Cook Group plc: TCG Stock Faces Headwind from 'Structurally Challenged' Industry say Berenberg Bank

Published on Monday, 09 June 2014 09:14

Berenberg Bank have initiated coverage of Thomas Cook Group with a Buy - this despite identifying some major issues facing the tour operator.

Thomas Cook Group plc (LON:TCG) shares are trading 0.55 pct in the red on Monday morning; the stock is 156.75.

Today we hear from analysts at Berenberg Bank who have told clients they are initiating coverage of the company with a Buy rating.

The share price target is set at 200 GBP.

Analyst Stuart Gordon concedes that the risk/reward ration on Thomas Cook Group, while finely balanced, "is modestly skewed to the upside after recent weakness. This is an opportunity."

There are concerns about the tour industry though; "The tour industry remains structurally challenged, with only a modest element of the significant cost cutting undertaken by TCG translating into higher profitability. We estimate that only 25% to 30% is retained in the business," says Gordon.

However, a recovering UK economy could underpin TCG going forward:

The industry sees around a 5% swing in EBIT margins through a cycle. We think we are still early/mid cycle and, with our economists, anticipate
improved consumer confidence in Europe, particularly the UK. We expect a 2% expansion in margin at TCG over the next two years."

Concerning valuation, Gordon says:

"Our 200p PT is based on P/E, EV:EBITDA and DCF. We use P/E and EV:EBITDA relative to the market, applying a 15% discount to recognise our concerns over the structural challenges still faced by the industry. Using an array of sensitivities, we can support a valuation range of 150p to 300p. Recent weakness and this risk/reward profile support our Buy rating."

I'm still not buying yet ,looks like maybe further to fall .

Bought at 134p



Has been holding for a while around this price, looks ready to move forward from here

Today is breaking out from the recent trend of the last week

currently at 136.40p and rising on the spike starting at 12pm

Worth a punt panto, support 130.0 in @ 136.4 on the spreads. Tight stop.

Worth a punt!!!!!!!!!! what when these Islamic Extremists are finding new ways of getting bombs on airplanes.

I dont think so.

Id rather have a punt on England wining the next World Cup.......fat chance.

Now thats a really stupid bet GF !!!!!!!!!!!!!!!!!

Ok Ok Ok,Ill change it to..... getting laid by that tennis babe Bouchard.

I can see the technical argument here but cant see it doing much now that the airlines are under real pressure and the passport fiasco is probably all priced in now.

didn't read all the numbers issued today, but EZJ's were +10% for june

I'll give you better odds on that GF , but i'll give you evens for Virginia Wade ..

I'm still watching here but fancy buying back in at some point ..

re - jimmy b - 04 Jul 2014 08:26 - 1284 of 1287
Now thats a really stupid bet GF !!!!!!!!!!!!!!!!!

The he/she was born stupid they say, and the night drinks does not help next morning on the comments.

for the truth ask the other side or at the Twiter

I am in the money, others just misery and a bit of cheap drink keeps them going on at the this place and then the other place and then the other and on....

Panto.......mine. Hi hows it going Master RSI, have you added to your handles this week.????????

ps, keep taking the drugs.

Strange how you post normaly on advfn but revert to Pigeon English here.

We arent stupid you know even if admin do put up with you. (it wont last so make the best of it ramping all over the board) ive saved the ramps to WORD.

Not long now before i present them to the FCA.

Mine was a joke panto , i don't have any beef with anyone on these boards ,i find the crowd here generally good.

Now back to TCG ,still not in yet .

Threats of a FOOL go nowhere but in the dusbin or in the toilet with you diarreha

-------------------

I know "jim" but it was a good point to make on my part

did you noticed...the he/she started the thread

sticks - I often agree with your analyses, but you should also give fair credit to panto (or whoever he happens to be) as there is no denying that he has recently found some very interesting and well-performing stocks - as well as at least a couple of stinkers

Yes Farquir, Mick Kipper, Mechanical Trader, Goldfinger, Fishfinger do one LOL!!!!!

Cynic, I have evidence of him on a few occasions now using 2 alias on the same thread interacting to raise the SP.

This is not the same as a poster posting at random on differing threads with a different handle. Its INTERACTION by the same person to defraud people of their money.

Now if your comfourtable with that fine, I arent , its called ramping and its a criminal offence.

Anyway Ive saved it to word and will be presnting it to the FCA, just a few things to tie up before sending it.

I don't think BBs can have any noticeable influence on sp movement except perhaps where a stock is very illiquid or thinly traded