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

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

A strong rise in Thomas Cook shares piqued dealers’ interest. Analysts were taken bowling by the new chief executive, Harriet Green, and the chief financial officer on Tuesday evening and some in the market put the gains down to positive word of mouth following the informal get-together. The group scored a strike today, rising 1¾ - almost 10pc - to 19½p.

New director at Thomas Cook Group

StockMarketWire.com

Thomas Cook Group has announced that Emre Berkin will join the Board as a non-executive director from the start of next month.

A Turkish national, he has held a number of senior positions at Microsoft between 1993 and 2006, latterly as Chairman, Middle East & Africa and Vice-President, Europe, Middle East & Africa, where he led all aspects of Microsoft's business in 79 countries including emerging markets.

Since 2006 Mr Berkin has acted as a non-executive director to a number of companies, including Pegasus Airlines, Turkey's leading low cost carrier, and a broad range of technology companies including Alcatel Lucent Teletas Telekomunikasyon, which is listed on the Istanbul Stock Exchange.

up 6.5% today, good to see the sp move from 10p this time last year to 24.5p.

Just bought in on the drop. I like the appointment of Emre Berkin - Turkey is becoming an increasingly popular holiday destination, well worth a visit! The chart is also saying "buy".

http://www.barchart.com/opinions/stocks/TCG.LS

Big buy gone through at 16.30 = 3,300,000 at 23.2804 - suggests that the mm's were manipulating the drop today to fill a big order.

Shorters on various bulletin boards trying to talk this down again. I have a feeling in my water that they are going to get their cheeky bits burnt soon :-) MM's could be manipulating the price again today to fill another big buy order.imo

Chart looking interesting after the recent dip - on the way up again.

Trading bounce, imo. Watching but think there is still a little more down side to come.

HARRY, you could be right, but this is a long haul flight for me so I'm happy to wait. I think the Board shake-up was just what was needed here. Harriet Green has an impressive CV.