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

Got lucky with this one last month.

Bloomberg on TCG

Barclays Capital today reaffirms its equal weight investment rating on Thomas Cook Group PLC (LON:TCG) and cut its price target to 46p (from 120p).

Full Year Results for year ended 30 September 2018

Performance highlights

· Group revenue of £9,584 million, up 6% on a like-for-like basis

· Underlying EBIT of £250 million, £58 million lower than prior year on a like-for-like basis

o Tour Operator down £88m, impacted by discounting in 'lates' market; UK particularly disappointing

o Strong Airline profit growth of £35 million, despite higher disruption costs

o Group result includes £28 million of legacy and non-recurring charges to underlying EBIT

· EBIT SDIs of £153 million, including transformation and start-up costs

· Net debt of £389 million; increase due to delayed bookings and higher non-cash items

· Bank covenant compliant; headroom for future covenant tests

· Dividend suspended for Full Year 2018, reflecting the overall net loss after tax

Strategic progress developing new opportunities for growth and efficiencies

· Sales of holidays to own-brand hotels up 15%; 2019 pipeline of at least 20 new hotels

· Accelerating own-brand hotel growth through £150-million fund with first £35 million expansion capital

· Strategic integration of Expedia technology and content in first five markets

· Innovative ancillary services driving growth of 4%

Priorities for 2019 onwards

· Address performance in our UK tour operator business

· Better capacity management and improved operational flexibility

· Drive increased focus on cash and cost discipline across group

· Improve selling of higher-margin own-brand hotels and differentiated holidays

Outlook for 2019

· Expect to deliver progress on underlying EBIT and lower separately disclosed items, leading to substantial progress on reported operating profit

· Reported operating profit will be a primary focus going forward, together with free cash generation

more.....

Ugh......down another 20% today!

that's quite an achievement in a rocketing market

I was lucky last month. Bought at 40 and out at 48.

Worth another go soon I reckon.

Boxing Day Sale coming soon.

10 year low is somewhere between 10 - 11p, I think.
Also, seems TCG are due to fall out of the FTSE 250.

UBS today reaffirms its neutral investment rating on Thomas Cook Group PLC (LON:TCG) and cut its price target to 34p (from 60p).

Thomas Cook shares nosedive as MS warns of earnings dilution from airline sale
08 Feb 2019 - 13:25

* Thomas Cook Group shares sink 17.5 pct, erasing Thursday's rally, as doubts over planned airline sale emerge
* Stock set for worst one-day drop since Dec. 3. Traders say Morgan Stanley note outlining negative impacts of airline sale is weighing
* "An airline disposal would reduce leverage and capital constraints, but also create strategic uncertainty for the tour operator, and be substantially (~50%) EPS dilutive," say MS analysts
* Selling the whole airline is the most favourable outcome, but the bank sees few obvious buyers
* Nevertheless, the strategic review of the airline is "sensible" given the tour operator's leverage is still too high, they add
* Morgan Stanley cuts EPS estimates by about 20 percent to account for weak first-quarter and current trading
* "TCG's cash buffer could shrink again next winter," they add, saying a revenue drop or suppliers demanding earlier payment could hurt working capital inflows, send cash buffer below minimum level and force it to raise funds
* "The rally yesterday made no sense to me," a trader says, adding that he thought it was mainly driven by short covering