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 round to you son but mark my words it will all come crashing down on Monday imho.
Nice call today though - very very lucky imho

oh dear oh dear oh dear ..... clearly someone previously banned has snuck back on board, though not for long if his pathetic abuse continues much longer .... it really is just tiresome and boorish


transco - try not to give the twit further oxygen

transco15

re - first round

second and third to me

You have forgotten what I said earlier and most likely yesterday on selling and so on.

do not forget if you follow the "dear" you will be to hell just like - himmmmm - since he came to this country by mistake. The stalking still going on since, he just can not find it ( it does not exist ) BUT A FOOL WILL BE A FOOL TO THE END. ...........now stalking posters.

or dear, dear, dear.

eric cantona seagulls

Thomas Cook turns down 400 million plan: The Chairman of Thomas
Cook has rejected a proposal by a group led by two leisure industry veterans and backed by some shareholders of the travel operator to inject 400 million into the company

Market cap of 203 mill

Pre-close Trading Update.

i have just taken a very modest stake here as i find it very interesting that trg have invested in the latest state of the art software from aie (which unfortunately i do not hold, despite my own recommendation)

i doubt that the aie system is sold outright to trg, though i cannot be certain .... however, if i am correct, then it implies that aie have sufficient comfort that trg are not going to go belly up on them

just a small thought to ponder

..Thomas Cook gets lifeline from lenders

Reuters – 2 hours 23 minutes ago

(Reuters) - Thomas Cook Group Plc (TCG.L) gained a three-year funding lifeline worth 1.4 billion pounds on Saturday, giving the world's oldest travel group more time to turn around its recession-scarred business.

The 170-year-old firm warned about its profits three times last year as civil unrest in North Africa and the economic downturn in Britain hurt bookings, and it has been forced to consider a number of fundraising proposals.

Groaning under 890 million pounds of debt, it secured a 200 million pound rescue package from its lenders in November, started selling assets and reviewed its underperforming businesses.

In the new agreement, Thomas Cook's lenders extended the $2.26 billion of financing, most at higher rates of interest, to May 31, 2015 from previous expiry dates between 2013 and 2014.

The firm said they had raised the interest margin on 1.2 billion pounds of funds to 3.50 percent over Libor, most of which carried a margin of 2.75 percent over Libor before. The 200 million pound package obtained in November kept its margin unchanged.

The lenders, which include Royal Bank of Scotland Group Plc (RBS.L), will also receive warrants to subscribe for new Thomas Cook shares representing about 5 percent of issued share capital and will be entitled to a 1 percent amendment fee.

'FIRMER FOOTING'

"This bank agreement, together with these actions, places Thomas Cook on a much firmer footing," chairman Frank Meysman said in a statement.

Thomas Cook endured a dire 2011 with more than half a billion euros in losses that culminated in the departure of veteran chief executive Manny Fontenla-Novoa in August.

Meysman said the search for a new CEO was progressing well.

Thomas Cook said it was in advanced talks to sell and lease back 17 to 19 aircraft, or roughly one in five planes out of its total fleet, as part of its disposal programme to get cash and boost liquidity.

It said it had received a "good level" of expressions of interest in its Indian business (THOM.NS), and potential buyers would now conduct due diligence.

It also recently agreed to sell its Explorers Hotel in France, where it said market conditions remained very challenging. It will seek shareholders approval for that disposal as well as the aircraft deal in May.

Thomas Cook, which reported an uplift in business in March, is banking on stable cash flow from its Northern Europe and German businesses, though it said it saw scope for further improvement there by increasing online sales and reducing costs.

It reshuffled management at its underperforming businesses in Canada, Russia and France, where it sees substantial scope to improve results. It also said on Saturday a plan to turn around its UK business was under way and progressing well.

(Reporting by Maria Sheahan; Editing by John Stonestreet)

..

Thanks for this dreamcatcher. Am holding 60,000 of these and have seen the SP slipping from the 23.75p I paid - hopeful of a noticeable bounce on Tuesday!

Hope this company comes right for you jfletendre.

http://www.travelweekly.co.uk/Articles/PFDetails/40409

Thank you - are you holding shares/CFDs etc (if you dont mind my asking)?

Not at all, just shares of which I have been an investor. Beginning to question is it
better in these times to day trade. The markets seem so nervous making an investment very volitile. Must say been quite successful with day trading of late,
which I do enjoy.
Largest holding at the moment being in Range resources (rrl), Red emperor( rmp),
Tangiers petroleum. Smaller holding in xcite energy.
Xtract energy/Sound energy I have parted with. :-(( say no more lol
A few supermarkets - Tesco :-((, sains
A lot of other shares in a small way. In too much in the past, making it hard to follow it all. Like everyone just hope Im invested in the share that makes a fortune, like everyone says. lol. May expand on the investing when the markets improve. Best of luck in your investments.
Did have Thomas cook in the companies better days. Would be very surprised if this does not have a good rise on Tuesday with todays news. They deserve to pull through.

Hi DC - felt similarly. Last year bought and sold banking shares but am now day trading CFDs which means the leverage creates greater profits - and losses!
Day traded BARC, RBS, BP. and taken the occasional punt on companies I know little about. Learned that timing is everything - entry price, exit price and that stop losses dont work for me - I wont trade unless I know I can sit in front of the screen. Worst loss was trading gold and being highly leveraged. When stuff goes up, it's never as fast as when it comes down. My latest regret was on Friday - leveraged at $100 a point going short on the DOW and waiting for the US figures at 1.30pm our time - I baled at $3000 profit only to see the DOW continuing to fall by a further 150 points - which would have been a further $15,000 had I stuck with it. Enjoy it for the most part but the fact I need the money means its gut churning sometimes...
Hold CFDs in 3 companies right now, TCG being one of the them and was getting nervous that if the refinancing deal fell through, I'd be making a loss on 60,000 shares - was very happy to read your post!! Good luck and will be reminded of you on Tuesday!

Nice to read your post j

i am confident that tcg will not now go bust, but whether that means the numbers on tuesday will be strong enough to give a boost, remains to be seen ..... certainly the markets are very twitchy at the moment, but i suspect dow fall on friday was overdone, but that will be more apparent on monday while we are closed ..... for sure french left will succeed today, but they will find themselves pretty much tied to existing fiscal policy

Thomas Cook faces £14m bill for bank fees

Britain's oldest travel company is paying a heavy price in return for the new agreement, which will give it an extra two years breathing space as chairman Frank Meysman and interim chief executive Sam Weihagen battle to turn the beleaguered business around.

Debt-laden Thomas Cook has been fighting to stay above water since November when it was forced to go cap in hand to lenders for a £200m emergency bail-out following a string of profit warnings.

The £1.4bn package, which is £200m higher than previously expected, comes with a hefty 1pc – or £14m – fee to be paid to Thomas Cook's consortium of 17 lenders simply for agreeing to change the terms of its loans.

As a sweetener, the banks, led by Barclays and RBS, have also been given the option to buy a 10pc stake in the 170-year old tour operator before May 2015 at a knock-down price of 10 cents (8p) per share – a 62pc discount to Friday's closing price of 21p.That discount will probably widen as Thomas Cook continues its turnaround plan.

The holiday operator will also have to submit to a yearly "cash sweep", where any excess money in the business above £250m will be scooped up to pay off debt.

Failure to hand over at least £100m during cash sweeps in March 2013 and March 2014 will result in a fine of 2pc of the group's outstanding debts when the refinancing expires on May 31, 2015.

Despite the punishing terms of the deal, Mr Weihagen said the refinancing highlighted the banks' "confidence" in Thomas Cook, which is weighed down by debts of almost £900m.

Details of the lending package were released yesterday alongside an update on the group's strategic review.

The company said it is at an "advanced stage" in negotiations over a sale and leaseback of up to 20pc of its 91-strong aircraft fleet – a move that is expected to raise well in excess of £100m.

It is understood the operator is also close to securing a deal for its 77.1pc holding in Thomas Cook India, which has been valued at about £113m.

Buy-out groups Carlyle, Kohlberg Kravis Roberts and TA Associates have been short-listed for the stake.

No further asset disposals were highlighted in the strategic review, although the City believes the group will have to hang a For Sale sign on other parts of the business in the medium-term. Analysts have also raised the spectre of a rights issue within the next 18 months.

So far, Thomas Cook has generated £135m towards paying off debt though the sale of "non core" assets such as hotels in France and Spain.

Mr Weihagen, who postponed his retirement last summer to take the chief executive role on a temporary basis, said: "We continue to make good progress in strengthening the group's financial position, and our disposal plans, including an aircraft sale and leaseback, are proceeding well."

Mr Meysman insisted the search for a long-term chief executive "is progressing well". Thomas Cook has been without a permanent boss since August, when Manny Fontenla-Novoa was forced out by the board.

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/9248346/Thomas-Cook-faces-14m-bill-for-bank-fees.html

jfletendre, Good to see the sp rise hope all went well today regards selling them or
if you made the decision to keep them.

markets are trying to go into freefall so sold mine this morning crystalising a modest loss