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

Its MMs getting as much quantity as possible thats dictating the Sp at the moment. Dont forget MMs make their money on volume.

31 January 2013

Thomas Cook Group Plc

Director appointment

Thomas Cook Group plc announces that Richard Pennycook will join the Board as an Independent Non-Executive Director with effect from 1 April 2013.

Richard has held a number of senior positions at UK listed companies. Since 2005 he has been Group Finance Director at Wm. Morrison Supermarkets Plc, and announced in June 2012 that he would be stepping down in mid 2013 following an appropriate transition of his responsibilities to his successor. His prior roles included Group Finance Director at RAC Plc, HP Bulmer Holdings plc, Laura Ashley plc and JD Wetherspoon Plc; and Chief Executive of Welcome Break Holdings plc. Richard is currently also Senior Independent Director and Chairman of the Audit Committee of Persimmon Plc and a non-executive Director of The Hut Group Limited.

Frank Meysman, Chairman said:

"Richard has a wealth of financial and consumer sector experience. In addition, at Wm. Morrison he was integral to its transformation following the Safeway acquisition and his specific responsibilities included multi-channel development, a key area of focus for us. I am extremely pleased that he has agreed to join the Board."

Richard Pennycook said:

"I am delighted to be joining the Board of Thomas Cook, which has an esteemed heritage and a truly world class brand. It is an exciting time to be joining, as the Company undergoes a business transformation and is developing its strategy for the future."

The above disclosures are made pursuant to paragraph 9.6.13R of the Listing Rules. There are no other disclosures to be made pursuant to paragraph 9.6.13R (1)-(6) of the Listing Rules.

Went in quick again and out again within 4 hours, the other day. £19 loss.

Still think its best to wait until next trading statement.

See how it settles, MMs playing the volume gain.

01 Feb Thomas Cook Group... TCG HSBC Overweight 69.25 67.25 23.00 85.00 Upgrades

goldfinger buy and hold for 1 year minimum and retire.
rest easy this is a long term winner imho

Yep but Im a bit worried about the fund raising which will surely come up on the 7th.

Just how much do they need and how dilutive will it be.

Ive posted a good article pro TCG about this across the road UBS broker forward note this morning.

Waiting for Yanks non farm pay rolls and if good MIGHT buy back in. cheers.

I don't think the refinancing deal is due to mature until May 2015. I'm not au fait with all the finer details, but the company certainly seems to have some breathing space regarding any required fund raising.

Most brokers have refered to it in recent notes DB so I expect to hear something next thursday. I still remain a bull of the stock but want to have a little breathing space before the update.

Important day on Thursday for this company and it will be interesting to see how the CEO & Chairman word their statements on how they see TCG progressing over the next year. Harriet Green has done a good job since she was appointed, she has totally revamped the Board - cutting out the dead wood -, she has already reduced the debt, she has gone a long way in regaining the trust of shareholders and the City - and some of the cynical press seem to be wakening up to the fact that the future looks good for this company and it is no longer on the way out. Refinancing is not due to mature until May 2015 and with all these positives in place I can't see any immediate pressure from the banks.

Worth a read....... http://uk.advfn.com/one-free-share-tip/lucian-miers-a-buyer-of-thomas-cook/295

Interim Management Statement

BUSINESS TRANSFORMATION FIRMLY ON TRACK
UNDERPINNED BY STRONGER OPERATING PERFORMANCE

· Total Q1 revenue of £1,724m, with gross margin of 21.9%, up 1.3 percentage points over the comparable period last year

· Business Transformation programme firmly on track to deliver on its three key elements:

- building an effective organisation: high quality executives, bringing a wealth of experience, appointed to the Thomas Cook Leadership Team

- addressing costs and cash management: on track to execute announced £100m of cost reductions with a further £60m identified

- profitable growth strategy: undertaken rigorous, and independently verified, market and customer research, to ensure strategy and future resource allocation is based on extensive and fact based information

· Higher gross margins and lower overhead costs reflected in the Group's improved underlying operating result of £(70)m (2012: £(93)m)

· Stronger operating performances in our major markets - the UK, Germany and the Nordics

· Lower net debt of £1,559m, reduced by £86m year on year

· Higher liquidity headroom of £290m, up £72m over the prior year due to improved cash management disciplines

· Winter and Summer bookings are robust, in-line with expectations as our strategy of improved capacity management results in higher sale prices and improved margins

UPDATE 1-Thomas Cook says turnaround plans on track07 Feb 2013 - 07:54

(Adds details) LONDON, Feb 7 (Reuters) - British travel group Thomas Cook on Thursday reported reduced first quarter operating losses and said its turnaround plan was on track. The world's oldest travel group reported an operating loss of 69.8 million pounds ($109.25 million) in the three months to the end of December, 23 percent down on the 91.1 million pounds loss it reported in the same period a year earlier. It said gross margin stood at 21.9 percent during the quarter, 1.3 percentage points up on the first quarter of 2011/12. The 172-year-old group has struggled over the last two years with a slump in sales leading to a string of profit warnings, forcing it to renegotiate bank loans and make disposals to cut debt. Since travel industry outsider Harriet Green took over as CEO last May, the company has seen a steady improvement in its finances following a series of disposals to slash its debt, including the sale of its Indian business and several Spanish hotels. The company said it had reduced debt by 86 million pounds to 1.56 billion pounds over the last year, while it expected to cut costs by a further 60 million pounds this year. It added that winter and summer bookings were in-line with its expectations. "We have seen stronger operating performances in our major markets - the UK, Germany and the Nordics," Green said. "Although global economic conditions and consumer confidence remain challenged, our business transformation is firmly on track." Rival TUI Travel on Thursday said it expects to deliver full-year profit at the top end of its guidance, despite the weakness of the euro last year contributing to a wider operating loss in its financial first quarter. [ID:nL5N0B731L] ($1 = 0.6389 British pounds) (Reporting by Rhys Jones; Editing by Neil Maidment) ((r.jones@thomsonreuters.com)(44 207 542 4166)(Reuters Messaging: rhysl.jones.thomsonreuters.com@reuters.net)) Keywords: THOMASCOOK/RESULTS

Back in first thing.

DirectorsTalk ‏@DirectorsTalk
Thomas Cook Business firmly on track with strong operating performance - http://gd.is/HbUE7K

Excelent TA prospects from here......

100p and then 122p to be aimed for.

From across the road......


CockneyRebel 7 Feb'13 - 07:42 - 141286 of 141298 0 0

cheers -------

TCG update looks good, Credit S raise their target from 36p to 93p apparently :-)

CR

an amazing turn-around for a share (company) that was on its knees just a few months back ...... confess i was more than happy to bank a nice but relatively modest profit a couple of weeks back

Corker news piece......

http://news.sky.com/story/1048792/strong-bookings-at-thomas-cook-and-tui-travel

Cyners if you look at chart above tha gap looks delicious. Not sure we'l get a pull back though.

Interesting that we are all prepared to invest in a company which has a market cap of approx £695m, but Q1 loss of £69.8m and total debt of £1.56bn ! Seems the appetite for risk is still there.