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

Unbelievable strength today. To close the remainder or not.

Well done you guys. I would say 'close', so the opposite will probably happen.

I'm going to hold Harry - so its bound to tank tomorrow.

Presumably using a trailing stop?

I've just changed the stop to @today's open and I'll amend it in the morning, although looking at today's volume, I can't see a spike down of that size.

Well done skinny and all

Moved your stop skinny? I wonder if this might continue up until later in the week when the hot money eventually moves on? There is an argument that this is now a little overvalued, BWTHDIK!

Harry - yes, I've put another limit order in also - having PC problems this morning, which is very untimely! Also BWTFDIK :-)

I've closed here for now.

In auction.

Never a dull moment with this share. Good trading skinny. I'm just sitting here on a nice profit, maybe I should have top sliced and banked some and maybe I will buy more on the dip. Decisions,decisions. - Thick frost here this morning, I keep putting water out for my feathered friends and it keeps freezing up.

Just gone long here again @35.84 - small only.

Impeccable timing again skinny :-)

In hindsight - yes! :-)

Hopefully the gap to 40p will stay filled this time!

It would be nice if it just ticked up quietly this time around instead of launching the rocket boosters before people have got their seatbelts fastened.

That's more like it, volumes traded still quite mad but at least the SP calmed down a bit today.

Well done doodlebug, and well done even more if you have not sold a share. Braver than me.

Thank you dreamcatcher, I bought into this at the end of October and topped up once on a dip. It's difficult to hang on to your positive convictions about a share sometimes when the shorters get their gang together on various bulletin boards. I analyse fundamentals and charts, etc. etc. but sometimes I just go purely on gut feeling. So far, so good with this - I still wouldn't stake the farm on TCG, but it's going in the right direction.

Gut feeling works best, you will know when to sell. Well done and good luck. :-))