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

what a roller coaster now at 75p

Glad I flogged mine yesterday after skinny and cyners said they were out. Cheers mates.

That ninja bloke across the road is Robson for sure having a pop again at cockney rebel.

Im not ruling out getting back in here. Just got to time it right.

the stock is either badly oversold on the back of profit-taking and/or computer-driven selling and/or forced closures ..... or failing that, some heavy inside trading by peeps who KNOW the numbers due on 13th are horrid ...... however, even if "horrid", sharp action has already been taken (shutting stores etc), and if not bad at all, then some prudent arse-kicking to get the company running properly and tautly

cynic, I have to say that I'm not sure they are planning to close enough stores. I have 10 stores within 9 miles of my postcode and that is probably 5 too many.

you sort of answer the point above and also those who may have taken fright at the news of store closure ...... of course, it may be that 5 of the stores near you will already have been targetted for closure

Not Bishops Stortford, one of their best and most profitable. In Tenerife now - flew out with TUI on a brand new boeing 737 800 series and see in their brochure on the aircraft that several new dreamliners are on order. Thomas Cook is cutting to the bone, perhaps with a lot more store closures yet and lay offs and the likes of TUI are replacing aircraft and have new on order. Are TC falling behind its rivals ? I sadly know the answer.

joe public doesnt need a travel agent, he is going on line and arranging his custom holiday, which we have been doing for years.

Also looked on the three screens at Stansted today 60 +(to about 9am) flights all Ryan air and Easy jet except about 6. A lot of the flights going to the holiday destinations. So they are up against real competition.

Am I correct in thinking that you are in Tenerife now dc.? By the look of your post 612-614 you are - if so you kept that one quiet and if you are actually there have a good time and get off the computer and enjoy a break.

h, according to the news today, exactly the opposite is happening now (your post #613). Apparently, though I agree that sorting your own hotel, flight, car rental etc is more economic, people are in fact getting fed up with trawling through websites, many of which require registration and are now happy to leave everything to the travel agent. One of the advantages is that you are covered for travel disruption & missed flight connections if you book via an agent, whereas booking it yourself excludes you from the normal ABTA support. I still prefer to do it all myself, but am in an ever increasing minority.

no one in their right mind flies with RyanAir .... Easyjet is another bucket shop airline ..... may look cheap when you start, but unless hand luggage only, probably no cheaper than BA or any number of other proper airlines - except they prob don't or do not want to use Stansted (or Luton)

At least with booking through a travel agent like TCG you get what you pay for on the ticket. If you book a flight with Ryanair, Easyjet, Flybe you end up paying a whole load of extras on airport taxes etc. and I cannot be fiddled with all the hassle involved with hand luggage only.

Hi 3m, yes in Tenerife for the week in Costa Adeje.
Already put on a stone on the first day. lol Impossible to hang your gloves up when you have shares. Need a good break from the weather at home. There are a lot of people with no minds then Cynic as their aircraft are packed. No I would not fly Easyjet or Ryanair, but like a lot of things in the world now, cheap is what people want. Mr David Oleary is an ar-- and against the odds of treating his passengers like
cattle (not to be to rude) has built a growing and successful airline. I would love TC to turn around but just wonder if enough cuts can be made to cut the huge debt pile
and not have it growing again. Whats going to be left?, perhaps they will become a takeover target?

Have a good one dc. Don't over -indulge or under indulge, just enjoy. I bet the weather is great - we are supposedly going to have another cold snap - shit I haven't been warm for weeks haha!! I am so emvious.

Sorry envious!! Do you have children? Don't wish to be personal but just wondered what it would be like there to take a family and is it far from an airport as am looking for somewhere myself.

Your ship or boat will come in soon 3m, it will.

No 3m, my sister has four. Half an hour on the coach from the airport. Knocks spots of Gran Canaria, lovely resort and safe.

How wonderful. Might look at that for next winter, if I am still alive and kicking. Enjoy.

About four and a quarter hrs flight, have a look in your local tour operators.

Will do - I would have to fly from Manchester as I don't think Liverpool flies to Tenerife as yet and if I go it would be Christmas time - I hate Christas since I have been on my own so a great escape. Get in the swimming pool and don't put a stone a day on haha!! Bask in the sunshine, eat sleep be merry and relax, these bloody shares will be here when we are not.