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

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.

StockMarketWire.com
Thomas Cook Group's Q3 pretax loss has widened to £64m, from £44m, on revenue of £1.85bn, from £1.95bn.

"Trading patterns have remained broadly unchanged since the last update. Demand for Turkey has continued to suffer from geopolitical disruption and, as a result, we have further reduced capacity to Turkey and redeployed this mainly into the Western Mediterranean," the company said.

"In addition, Airlines Germany is being impacted by further pricing pressure caused by intense competition and weak demand, leading to lower yields in the short and medium haul market.

"As a result, based on recent trading, and recognising a degree of uncertainty given the current disruptive market conditions, we now expect full year underlying operating profit to be around £300 million.

"This includes the benefit of foreign exchange translation, which we now estimate to be £32 million (up from £20 million when we last reported in May).

"Despite the near-term challenges, we remain confident that the actions we are taking to better position the business for the longer term - including improving the quality of our holiday offering, investing in our online proposition, and targeting efficiencies - will lead to further profitable growth."

69.85p +3.60 (+5.43%)

Just short of 70p the highest price during the last 2 month

There was a steady rise for the last few days, culminating on today's higher rise

Full Year Results 2016

Performance in line with Q3 expectations
· Revenue maintained: Turkey impact offset by shift to alternative destinations and currency translation
· Gross margin of 23.4%, up 80 basis points, reflecting focus on our improved holiday offering
· Underlying EBIT of £308 million
· Record underlying EBIT margins in UK and Northern Europe; difficult year for Condor
· Profit after tax of £9 million
· Recommended dividend of 0.5 pence per share

Focus on quality and service delivered record customer satisfaction
· Group Net Promoter Score ('NPS') up 6 points overall in Summer 2016
· Increased focus on own brand hotels resonating: NPS up 7 points in Summer 2016
· Increasing direct contact with customers: controlled distribution up 1% pt, web share up 3 % pts

Transforming the business for sustainable growth through our New Operating Model
· Building on success of own brand hotels: 14 new hotels in pipeline so far
· Strengthening our holiday offering by streamlining portfolio of selected high-quality partner hotels
· Growing sales of personalised services for customers: sales of ancillaries up 9%
· Improving efficiency of our complementary offering through Webjet hotel sourcing partnership
· New Operating Model delivering financial benefits as planned; EBIT targets increased to FY19

Thomas Cook pays first dividend since 2011 - By Lee Wild | Wed, 23rd November 2016 - 12:44

Thomas Cook pays first dividend since 2011 Travel agents have had a terrible 2016. Both London's big players - TUI (TUI) and Thomas Cook (TCG) - are down heavily as terrorists close down previously lucrative holiday destinations.
However, Cook managed to make more money than expected this year, admittedly driven by currency gains, and says it will pay a first dividend since 2011. It's why the share price just soared 10% to a six-month high.

Warning in May that demand for trips to Turkey, Tunisia and Egypt had dried up sent Cook shares to their lowest since early 2013. That unwound three-quarters of the incredible 1,500% rally between 2012 and January 2014.

But business has clearly picked up, with the shift to alternative destinations plus currency translation benefits offsetting a lack of interest in Turkey. Demand is up in the UK, and selling more premium holidays improved profit margin here to a record 6.4% in the 12 months ended 30 September.

Group underlying operating profit fell by £2 million to £308 million, a tad better than recently lowered guidance of around £300 million, on revenue down slightly to £7.81 billion.

Despite a £22 million slump in profit from continental Europe, where Turkey was a big loser, a strong euro meant Cook was £39 million better off converting earnings there back into pounds, about £7 million more than previously thought. Strip that out and profit actually fell by £41 million.



Still, business was brisk in the Nordic region, where Cook made a record £124 million, up £22 million on last year like-for-like, giving a market-leading margin of 11%.

That helped offset a plunge into the red at Cook's German airline Condor, hit by Turkey and overcapacity on routes to the Canaries and Balearics during the peak summer period.

Demand for winter breaks is in line with our expectations, with the season already 61% sold, about 2% better than this time last year. Predictably, there's been a shift away from Turkey and North Africa to Spain and long-haul destinations.

Look for underlying operating profit of £327 million on revenue of £8.9 billion, says NumisAfter everything's been put through the wash, including the tax bill, there's £9 million left, enough to spend £7.7 million on a 0.5p per share final dividend, the first for more than five years.

Chief executive Peter Fankhauser remains bullish and predicts that profit in the current financial year should meet expectations.

Currently, Wyn Ellis at Numis Securities pencils in underlying operating profit of £327 million on revenue of £8.9 billion. That gives earnings per share (EPS) of 11.1p, putting Cook on a forward price/earnings (PE) ratio of 7.3 times.

That looks cheap, but Ellis is not buying it. "We remain unenthusiastic about the investment merits of TCG," he said Wednesday. "We believe that the basic business model continues to face structural challenges," he continued, adding that the miserly valuation was justified by "major uncertainties about future growth". His price target sticks at 74p.

JP Morgan Cazenove today reaffirms its neutral investment rating on Thomas Cook Group PLC (LON:TCG) and raised its price target to 92p (from 85p)