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

red rock ...... if you ever want to throw money at a rubbish company, this should be on the short list

http://www.moneyam.com/action/news/showArticle?id=4373641

Harriet Green appointed as Group CEO
RNS
RNS Number : 9896D
Thomas Cook Group PLC
24 May 2012

24 May 2012



Thomas Cook Group Plc



Harriet Green appointed as Group CEO





Thomas Cook Group plc is delighted to announce today that Harriet Green will succeed Sam Weihagen as Group CEO. Harriet will join the Group and the Board on 30 July 2012 at which time Sam Weihagen will step down from the Board. Sam will remain with the Group until 30 September 2012 to ensure a seamless transition.



Harriet Green is currently CEO of Premier Farnell plc and a non-executive director of BAE Systems plc and the Fortune 200 company, Emerson Electric Co. Harriet has extensive experience of driving business transformation and change programmes globally. At Premier Farnell she has overseen a period of significant strategic change, driving industry leading returns and creating a cost-effective multi-channel operation where the majority of business is now transacted through ecommerce channels. Having lived and worked internationally throughout her career, Harriet believes in building strong, high performance teams and has sustained a focus on execution, operational excellence, employee engagement and innovation.





Frank Meysman, Chairman said:



"I am delighted to be able to announce the appointment of such an exceptional Group CEO. Harriet is an extremely successful executive with the right combination of international, business transformation and ecommerce experience that we need to take the Group forward, and build on our strong reputation and brand. I am confident that she will be an excellent leader for the Group management team as we continue our transformation.



The Board is incredibly grateful to Sam Weihagen for stepping into the role in August last year and providing the Group with the benefit of his experience through a difficult period, putting the Group on a firmer footing. He retires with our very best wishes for the future."





Harriet Green commented:



"Thomas Cook is an iconic brand in the leisure travel industry. I am very excited to be joining the team at this time, to lead the business forward as we rebuild shareholder value through innovation and a sustained focus on the needs of our customers, suppliers and employees."

wasn't interested at the time, but clearly missed the boat the other day when sp was only 16 ..... it is now back to 21 which is around the level it has been holding for a while

merely a thought .....
euro is weakening making foreign holidays more appealing especially with the olympics in uk making hotels and everything else in london a total and exorbitant nightmare

cynic

Stop being positive.

don't be cheeky .... i often am, but given some of the hype-tripe so commonly posted, some cold-water reality is all too often what is required

Just reading the sunday express - Thomas cook is set to announce this week that first half losses have risen by more than 58% to atleast £ 262.7 million, with no let up
in sight as britains delay bookings due to the jubilee and olympics.
Panmure Gordon predict they could well now struggle to get back to profitability.
Thomas cooks german business is struggling as well with the turmoil in Greece leaving bookings from Germany to Greece reportedly 30% down.
In short pg think things will get worse before better.
This week will also see if they held an emergency shareholder meeting to get approval
of the £370 million worth of disposals to keep itself going.
Disposals being the spanish hotels and carrying out a sale and lease back of part of its aircraft fleet. Thomas cook seem confident of getting this.
Last month thet appointed Harriet Green from electrocomponents firm Premier Farnell
as its new chief execctive.

Thomas Cook Group plc

Unaudited results for the six months ended 31 March 2012




http://www.moneyam.com/action/news/showArticle?id=4379865

sp down 11.11%

Tough first half for Thomas Cook
StockMarketWire.com
The first half of the year has been difficult for Thomas Cook with statutory losses of £643m include £300m of non-cash goodwill impairments as announced on 12 May 2012. However the board insists decisive action has been taken to improve the Group's position; The company secured £1.4bn of longer term flexible funding with no fixed repayments until 31 May 2015;

There was disposal of HCV hotels and aircraft sale and leaseback, approved by shareholders on 29 May 2012, will add circa £239m of liquidity;

Also the agreed disposal of Thomas Cook India, on 21 May 2012, for gross proceeds of INR 8,174m (circa £94m) which will reduce debt;

The board says a sound platform has been created from which to restore confidence and rebuild profitability and there has been an improvement in bookings achieved since the earlier part of the year.

A new management team has been appointed to lead the Group forward and rebuild shareholder value. Harriet Green was recently appointed as Group CEO, with effect from 30 July 2012, and Michael Healy appointed as Group CFO, with effect from 1 July 2012.



At 8:07am: (LON:TCG) share price was -0.62p at 19.63p


Story provided by StockMarketWire.

Thomas Cook: Charles Stanley maintains buy rating and 29p target

if this latest bailout of spanish banks has a reasonable chance of success - i think it does on balance - then a gentle investment here (and in AIE too) could give a decent return, though don't expect fireworks

SALE OF HCV COMPLETED
RNS
RNS Number : 7010I
Thomas Cook Group PLC
27 July 2012

27 July 2012





Thomas Cook Group plc



SALE OF HCV COMPLETED REDUCING NET DEBT BY c.€94M



Thomas Cook Group plc announces that the disposal of its interest in Hoteles Y Clubs De Vacaciones (HCV) to a consortium led by IBEROSTAR Hoteles y Apartamentos S.L. has now completed, following shareholder approval on 29 May 2012.



The sale of HCV is part of the Group's disposal programme and underlines our commitment to reduce debt. The transaction has reduced the Group's net debt by c.€94m and under the terms of the bank facilities agreement, the proceeds will be retained by the Group.

RNS
RNS Number : 0106J
Thomas Cook Group PLC
01 August 2012

1 August 2012





Thomas Cook Group plc



AIRCRAFT SALE & LEASEBACK COMPLETED, INCREASING LIQUIDITY





Thomas Cook Group plc announces that the sale and leaseback of 11 Boeing 757 aircraft and 8 Boeing 767 aircraft is now complete following delivery of the final group of aircraft.



The transaction generates proceeds of $294m and, as agreed under the terms of the facilities agreement, these will be retained by the Group to increase liquidity.



The transaction was originally announced on 11 May 2012 and received shareholder approval on 29 May 2012.

RNS
RNS Number : 0106J
Thomas Cook Group PLC
01 August 2012

1 August 2012





Thomas Cook Group plc



AIRCRAFT SALE & LEASEBACK COMPLETED, INCREASING LIQUIDITY





Thomas Cook Group plc announces that the sale and leaseback of 11 Boeing 757 aircraft and 8 Boeing 767 aircraft is now complete following delivery of the final group of aircraft.



The transaction generates proceeds of $294m and, as agreed under the terms of the facilities agreement, these will be retained by the Group to increase liquidity.



The transaction was originally announced on 11 May 2012 and received shareholder approval on 29 May 2012.

http://www.moneyam.com/action/news/showArticle?id=4420273

Thomas Cook, which updates on Friday, said in August that its summer programme was 88% sold after a buoyant July for bookings, although cumulative bookings in the UK were still down 1% on last year as at July 29.

The group was recently forced to turn to its banks for an additional £200 million of loans and reported an underlying operating loss of £26.5 million in the three months to June 30 due to tough trading conditions and the cost of acquisitions.

Thomas Cook gains 9.4 percent as the travel group says its turnaround plan is working, giving it confidence that it will meet market expectations for the year ending this month as it seeks to draw a line under a difficult 18 months.

"We believe a successful turnaround strategy could lead to a ten-fold increase in the group's earnings. However, if trading was not to recover, a capital injection or a more aggressive disposal plan may be required. We believe that this potential dilution risk partly explains the current depressed valuation and given this risk," Shore Capital says in a note, retaining its "hold" rating on Thomas Cook

Good to see a recovery taking place, Im not just saying that as Im on holiday soon with them. :-))

No brainer this one is a mega strong recovery play with a juicy dividend to come.

silly me no doubt, but why do think there will be any divi at all?