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

Mind the cat.

they have got there funding from banks

but surely 75% of their biz is holidays in egypt!!

cynic far from it i would never go there .now greece is far better .

wouldn't go to either ..... sharm has no appeal for me and the greeks can't cook!

cynic there is not many places that i have not been to .and after all said and done
the best places are iceland and yes good old scotland

i'll stick to provence for choice

Too much mist in Iceland and too many midges in Scotland. Provence an excellent choice. We are just back from Mahe.

StockMarketWire.com
Goldman Sachs upgrades Thomas Cook from sell to neutral, target cut to 14p. Davy Research downgrades Cairn Energy from outperform to underperform.

HSBC upgrades Pennon Group from neutral to overweight, target price cut from 790p to 780p.

UBS initiates buy on Polymetal International, target price 1400p.

Seymour Pierce initiates buy on Omega Diagnostics, target price 26p.

Numis upgrades EMIS Group from add to buy, target price unchanged at 635p.

Numis downgrades Keller Group from buy to add, target price cut from 600p to 280p. At 2:51pm:

(LON:CNE) Cairn Energy share price was -3.25p at 264.45p

(LON:PNN) Pennon Group share price was +10.25p at 683.75p

(LON:TCG) share price was +0.49p at 16.84p

Spike to 30p Monday, get out quick!

Banks to the rescue..

Thomas Cook secures new financing from lenders


{ 23:49, Friday 25 November 2011

LONDON (Reuters) - Thomas Cook Group Plc, said it will borrow another 100 million pounds, easing fears about the future of the world's oldest travel company, whose shares crashed earlier in the week when it asked its banks for new funding.

The 170-year-old company said its banks, led by Barclays Plc, HSBC Holding Plc (NYSE: HCS - news) , Royal Bank of Scotland Group Plc and UniCredit SpA, had agreed to provide a new 200 million pounds facility available until April 2013, which replaces the 100 million pounds short-term facility announced in October.

The banks have also agreed to relax the terms of an upcoming key test of its financial health, Europe (Chicago Options: ^REURUSD - news) 's second-biggest travel company said on Friday.

"This provides the group with much increased headroom to deal with unexpected events and the effects of an uncertain economic environment," the company said in a statement.

Thomas Cook shares, which had lost 94 percent of their value since the start of the year, fell 75 percent on Tuesday when it asked lenders to come to its rescue for the second time in five weeks. The stock closed 10 percent higher at 18.02 pounds on Friday.

"I am absolutely delighted that we have reached agreement and I would like to thank the banks for acting so swiftly," Acting Chief Executive Sam Weihagen said in a statement.

Thomas Cook has been hit hard by tough trading conditions, especially in Britain, where its core customer base of families with young children has been particularly affected by tough economic conditions. It was also hit by unrest in popular destinations such as Egypt, Tunisia and Morocco

Thomas Cook to repay debt within the year




{ Richard Tyler, 15:00, Saturday 26 November 2011

The travel company, which is weighed down by 1.1bn in bank debts, expects to be able to repay a 200m rescue loan agreed last Friday within 12 months.

Thomas Cook plans to pay back its 200m bail out facility agreed on Friday night within a year and is close to selling a chain of Spanish hotels under a strategic review of the entire group.

The beleagured travel firm, which sells more than 22m holidays a year in the UK, had to turn to its banks for financial help last week following a deterioration in trade due to weak consumer confidence and unrest in North Africa. Thomas Cooks shares ended the week down 75pc, valuing the company at 158m.

Its (Euronext: ALITS.NX - news) interim chief executive Sam Weihagen said yesterday that UK holiday bookings were down 30pc since its shock announcement on Tuesday, where it also revealed it would delay the release of its annual results.

However, he said the negative impact of media coverage had been less severe in other countries resulting in normal booking rates outside the UK.

Mr Weihagen said the refinancing secured the future of Thomas Cook, which is over 170 years old and employs 31,000 people around the world. We are very robust and in very good shape going forwards, he said.

He saw no reason why consumers should not continue to book their holidays with the company, he added. For us it is now business as usual, he said.

Mr Weihagen also played down the idea that its banks would end up owning more of the company next year. However, a City source indicated that a restructuring of the companys debt would be inevitable in 2012 and a debt for equity swap was one likely option.

City sources said that Thomas Cook could have run out of cash this week if the additional 100m was not made available. The deal was agreed over a three hour conference call by 9.40pm on Friday, in time for the 10 oclock news, said a source involved in the talks.

The 200m facility, which is available until April 30, 2013, is understood to be more than Thomas Cook requires to meet its seasonable cash flow needs.

Finance director Paul Hollingworth said the cost of the debt was quite high and he expected to pay it back quickly. I anticipate by this time next year, who knows, we may have even fully repaid the facility, he said.

Banks expect the company to create a turnaround plan, that is likely to see asset disposals. The company will announce very soon the sale of a five hotels in Spain called the HCV Group, which will reduce its net debt by 80m, Mr Hollingworth said.

Thomas Cook left open the possibility it would respond to investor pressure to clawback former chief executive Manny Fontenla-Novoas 1m pay off and some of the millions in bonuses he received in prior years. Mr Weihagen said he could not comment on that for the time being.

He said Frank Meysman, Thomas Cooks new chairman, would join as planned on December 1 and would then accelerate the search for a new chief executive. The company plans to release its annual results during the week of December 12.

Easy money,now do i jump or hold a little longer.....clip clop clip clop

well i did tell you on here that the deal was done before it come out and have been buying since 12p and still buying 100p plus is coming do not sell.

my family have booked to go to florida in april and again in sept i am not going .
i am off to malta on my own .tcg will have off me in 6 months 19k

TCG to cut costs big time this week boardroom cull and closing shops .
they bought out the co.op and in many places have 3 shops in one street.
so will not afect the customers like mygoodself as i would NEVER book a hol
on line NEVER i want them to do the work .and make sure if anything goes wrong it is not mygoodself

m/c 143m and the banks have just givem 200m
it is telling you they are a steal

apparently CEY were too just a week or so ago, and in truth, not THAT much has changed in egypt in that that time

Thinking of selling theses to buy more Desire as Desire is dropping in price, will hold a little longer.