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

Thomas Cook swings to FY profit

StockMarketWire.com

Thomas Cook has swung to a FY pretax profit of GBP119m, from a prior-year loss of GBP115m. Revenue was much lower at GBP7.8bn, from GBP8.6bn. It expected a dividend to paid early in 2017 in respected of FY 2016.

CEO Peter Fankhauser said 2015 was a year of real progress as good trading combined with rigorous cost control delivered Thomas Cook's first positive profit after tax in five years.

"Despite turbulence in some of our destinations, the underlying business performed in line with our plans at the start of the year, demonstrating its greater resilience," he said.

The company said it had a significantly stronger balance sheet with extended maturities and new, enlarged banking facilities.

SOME HIGHLIGHTS:

· Traded well overall despite external headwinds

· Strong performance in our UK business which increased underlying EBIT by 42% to £119 million

· Northern Europe and Airlines Germany grew underlying EBIT by 23% and 19% respectively

· Underlying EBIT in Continental Europe declined by 21% due to more competitive environment; actions taken to restore profitable growth

· Encouraging start to next year with strong Winter 15/16 trading in the UK and Northern Europe

CEO'S VIEW

Fankhauser continued his commentary:

"Customers have responded well to our increased focus on higher-quality hotels with our own-brand properties proving particularly popular, growing bookings by more than 40% over the year. We have continued to build on this success with the launch of a new boutique concept, Casa Cook, with the first hotel set to open next spring in Rhodes.

"Looking across the Group, the UK continued to strengthen as a better quality holiday offering and other business improvements delivered a 42% increase in underlying operating profit. Northern Europe and our German airlines business also performed well with underlying operating profits up 23% and 19% respectively. As previously highlighted, Continental Europe, particularly Germany and France, were weaker due to more competitive trading conditions.

"Of course, the past year has also presented considerable challenges for Thomas Cook as we confronted the mistakes that were made following the deaths of Bobby and Christi Shepherd in Corfu nine years ago. I am clear that we need to learn from the tragedy and do things differently in the future. Last week, we launched the Safer Tourism Foundation together with the children's mother, Sharon Wood.

"But we also recognise that change needs to come from within Thomas Cook, putting our customers first in everything that we do. That is why we have introduced customer satisfaction as a new internal measure of success and why we are rolling out a 24-hour hotel satisfaction promise for key hotels across the group. It is also why we are putting a renewed focus on the quality of our holiday offering and pushing hard to further develop our online and retail channels.

"During the year our staff have shown great dedication in times of crisis, working tirelessly to support our customers. Their response to recent events in both Egypt and, earlier in the year, Tunisia, shows what we can achieve when we pull together. In a time of geopolitical uncertainty, that level of customer care is a key advantage of our packaged holiday offering.

"The new financial year has got off to a good start with encouraging trading overall for Winter 2015/16 and Summer 2016. With our business on a firmer financial footing, we have a clear strategy in place to deliver greater value for customers and sustainable growth for our shareholders."

JP Morgan Cazenove today reaffirms its overweight investment rating on Thomas Cook Group PLC (LON:TCG) and raised its price target to 170p (from 165p).

StockMarketWire.com
Thomas Cook Group said it had made a good start to the financial year despite challenging trading conditions. It conditionally maintained its previous guidance for FY performance.

The company's Q1 loss from underlying operations was GBP49m, against a loss of GBP53m a year earlier, while its pretax loss was GBP116m, from a loss of GBP115m.

"Looking across the Group, our Northern European business continued to see strong customer demand over the three months, while the turnaround in our UK business delivered further improved results," said CEO Peter Fankhauser in a statement.

"Elsewhere, our businesses in Germany continued to face tough trading conditions in a very competitive market. Overall, trading for Winter 2015/16 is robust, and we have been able to maintain good margins across almost all of our source markets, helped by a strong online performance.

"It is clear that the awful attacks in Paris and Istanbul impacted confidence, leading some customers to delay booking their holidays.

"However we've seen clear signs of recovery in recent weeks: customers still have money in their pockets, and want to go on holiday. In this uncertain geopolitical environment, we are also seeing more of our customers choose a package holiday, valuing the greater security it provides.

"We have the scale and flexibility to give customers a wide choice of destinations, in both the Western and Eastern Mediterranean, the Caribbean and other long haul destinations, and our experienced high street and call centre staff are on hand to offer customers the best advice.

"We will continue to focus on delivering our strategy - strengthening our own-brand hotels and flights offering, and investing to ensure that customers who choose Thomas Cook get consistently excellent customer service.

"Thomas Cook is now a significantly stronger and more resilient business, and we are well positioned in a challenging market. We are maintaining our previous guidance for the 2016 financial year, provided that the recent recovery we have seen in customer confidence is sustained."

StockMarketWire.com
Thomas Cook Group said it remains well positioned in this challenging market, with the scale and flexibility to offer customers a wide choice of destinations.

"We therefore maintain our previous guidance for the full year, but as highlighted at our last update, this is dependent on seeing a sustained recovery in customer confidence as we progress through the Summer season," the company said in a statement.

"Bookings continue to be disrupted by a volatile geopolitical backdrop, as some customers postpone their holiday decisions, leading to a later booking pattern for the Summer season.

"However, we believe that underlying demand for our holidays remains strong, as we continue to deliver better holiday experiences, and as consumers benefit from low fuel prices, low interest rates and low inflation."

Not great and todays news in Brussels won't boost confidence.

Stay well away from travel stocks unless you fancy a short .

Berenberg today upgrades its investment rating on Thomas Cook Group PLC (LON:TCG) to hold (from sell) and raised its price target to 105p (from 100p).

@ 94.90 +2.10

Should be one to benefit from the low oil prices today, though short term maybe there is not much upside as is at the moment on the middle of the Indicators, just now the order book is very weak DEPTH of 51 v 91 also at as is moving lower from the marked up to 97p at the start of the day

KEEP an EYE
@ 74p ( 73.90 / 74.10p )

Price drop overdone today with results, plane disappearing and small drop on EBITA for the year

Buy, buy, Buy,


or,

Watch, Watch, Watch?


I think I will watch.

"Thomas Cook Group has narrowed its H1 pretax loss to GBP208m, from a loss of GBP303m, commenting that it had made significant progress in the last six months. Revenue slipped to GBP2.67bn, from GBP2.74bn."


-=-=-=

Settle the ME down and it becomes interesting.

--=

Are Thomas Cook Group a stock you need to own? - By The Motley Fool May 19, 2016

Shares in travel company Thomas Cook(LSE: TCG) have fallen by around 19% today after it warned on the outlook for its full-year results. Although the company was able to record a smaller pre-tax loss in the first six months of the current financial year versus the previous year, lower demand for trips to Turkey and Belgium due to terrorism fears have caused it to become more cautious regarding its performance for the remainder of the year.

Despite this, Thomas Cook is making encouraging progress elsewhere. Bookings to destinations excluding Turkey have risen by 6% versus the previous year, which has helped the company to increase like-for-like (LFL) sales by 0.3% as it anticipated a shift in demand away from Turkey, Tunisia and Egypt. And with gross margins improving by 10 basis points, Thomas Cook appears to have a sound strategy for the long term.

With Thomas Cook trading on a price-to-earnings (P/E) ratio of just 6.8, it seems to offer a wide margin of safety. As such, buying now could be a sound move, although its shares are likely to be volatile as the outlook for the wider airline industry remains highly uncertain.

directors purchases today

FRANK MEYSMAN buys 35,000 shares at 72.25p
MICHAEL HEALY buys 28,258 shares at 81.70p

Opening lower, despite the market well up

A change on the order book on being very strong on the bid side once it reached twice 70p on what it looks support

Citigroup Sell 71.05 85.00 62.00 Reiterates

JP Morgan Cazenove Neutral 71.05 100.00 90.00 Reiterates

Looks like the bounce is happening and at one time she went over 75p

Getting hammered due to the Brexit vote and also due to another terrorist bombing in Turkey today.

travel company stocks are all one-way traffic for now, as are airlines

World wide terrorism is killing this.

Held up well considering.