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

Thomas Cook shares jump after cost-cutting measures
March 14, 2013 12:15 pm by City Index

inShare
The share price of Thomas Cook saw a big jump in yesterday's (March 13th) trading on the back of news the holiday company announced a fresh range of cost-cutting measures.

Stocks were up by 15 per cent in the morning session as investors responded strongly to the move from the firm's new chief executive Hannah Green.

She confirmed that she is aiming for a sales growth of at least 3.5 per cent a year by 2015, as well as an operating profit margin of more than five per cent or more by the same deadline.

Mike van Dulken, head of research at Accendo Markets, told Investment Week: "Announcements of this nature are always good news for shareholders, with share prices benefiting from the prospect of better margins boosting profits growth and thus potentially dividends."

The strong performance of Thomas Cook shares has continued in this morning's trading. At 08:30 GMT, stocks were up by more than five per cent and stood at 105.80.

http://www.cityindex.co.uk/market-analysis/financial-news/uk-stock-market-news/8067382013/thomas-cook-shares-jump-after-cost-cutting-measures/

Cook share price plunge was 'shocking' says Green

14 March 2013 at 12.30 GMT

The stock market valuation of Thomas Cook at the height of the group’s crisis in 2011-2012 was “quite shocking”, chief executive Harriet Green said today.

Green took over Thomas Cook last July after the group share price fell below 12p at one point, down from £2.70 in early 2009 when the company was in the FTSE 100.

She said: “This company was not well when I joined. The share price was around 14.5p.”

Cook's shares were priced back above £1.13 today, with the group’s market capitalisation at £916 million. Green said: “We have made extraordinary progress.”

However, she said: “For a £9.5-billion business to hit a wall for the sake of £100-million credit it never used was quite shocking.

“One of the vagaries of the [stock] market is that if you shock a market it tends to treat you roughly.”

The collapse of the company's share price followed a succession of profit warnings through 2010 and 2011, and left the group struggling to meet its financial obligations.

Green said: “Some of what we are seeing now is the market regaining confidence in Thomas Cook.”

Yesterday Green outlined a strategy for Cook to return to growth. Today she suggested the City may have lost sight of some of the group’s underlying strengths.

She said: “One analyst said ‘We’ve heard all this before.’ [But] we are sharing a lot of what is already fantastic in this business.

“What you are seeing is a result of the fact that Cook is not going bust, that we are number one or two in all our major markets and that the company makes good margins.”

Green added: “The improved market cap gives us options. There is a lot more to come.”

From travelweekly.

SP going bonkers again.

Added twice on pull backs.

Shame I was too interested in the horses yesterday.

Within spitting distance of the gap resistance at 120p. Once through that, 138p set up for the taking.

Capital markets presentation from yesterday available on the website for anyone interested. It lasts about two hours.

Video here from Zak Mir. Think hes a bit slow off the mark.

http://uk.advfn.com/newspaper/zak-mir/17106/thomas-cooking-it-the-break-back-above-100p

In all fairness I don't think anyone can keep up with this, not even Zak Mir !

to avoid being called something not very complimentary, i shall merely comment that i am very happy indeed with my course of action today :-) ....... and even more so with C+M Index which i have been "ramping" for a little while

Why what did you do cyners??

not allowed to say, as shall be (rightly) told off for being clever after the event

In post #670 he abandoned his short, on the advice of his peers (!!!! ;o) ) and presumably went long?

i didn't say a word :-)

Great performer today.

Harriet Green on the Jeff Randall show tonight - an impressive performance, not too over the top, balanced, professional, considered, and she looks good too. A couple of tips for George Osborne to finish with at the end of the interview - all things considered she could do George's job with her hands tied behind her back, but she's far too intelligent to be a politician.

GF - see the CAPE (CIU) & POG threads.

Sold mine and cheers guys , happy with what I got but it was more of a punt than anything else cos it not my type of share.

Hope it hits a tenner for you all.

Good luck.

14
Mar 2013
11:05 am
Thomas Cook Group Given New $1.94 Price Target at HSBC (TCG)
http://www.directorstalk.com/thomas-cook-group-given-new-1-94-price-target-at-hsbc-tcg/

Further to my article on the current
SHORT POSITIONING yesterday which included
the overal picture, its worth looking at now
Institutional short positions and the current
state of play.

Fund manager % short Change Date changed/created

Oxford Asset Management 0.59% ↓ -0.08% 2012-12-27
Sothic Capital Management LLP 1.48% ↓ -0.10% 2013-03-13
TT International 0.83% ↑ 0.30% 2013-01-23

Total 2.90%

Link below shows chart and how the number of
Institutional Shorts have been closed since their
peak in December last year.

http://www.shorttracker.co.uk/company/GB00B1VYCH82/all

Interesting to click on the % short column and see how
each Instiution has off-loaded stock over the last
few months.

Fantastic for those of us who are LONG.

profit-taking likely today - like me who is now out

thanks for talking some sense into me yesterday guys :-)

Think I will try & squeeze a few more pence out of this. 130p was my original target & I think that should be achievable.

[Really good website, gf, for the short positions.]