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

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?

1. When was the last dividend paid?
The interim Dividend for the six months ended 31 March 2011 was paid on 7 October 2011. The board will not declare any further dividend payments whilst the group re-builds its balance sheet.

Cynic, no divi's until the company rebuilds or profits are there to pay one. :-))

Found them a very good holiday company to go away with, perhaps not so good to invest in. Good to see a very old company surviving.

exactly my point DC re divi!! ..... i am quite but not frightfully tempted to have a little dabble

I have been interested in this company but never invested. Ride the wave cynic, I would like it to go up more than down.

I would think your looking at way in to the future at a divi here ,however may be a good recovery play .

I think this is a buy now