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

From yesterdays Morgan Stanley note........

The need for a large rights issue appears to be receding

One alternative to a rights issue could be a convertible
bond and/or 10% placing......ends

Any thoughts on this?????????

Im in profit already on my new trade, amazing stock.

and i'm even more pleased that i cashed in at 123.75!

GF, regarding a possible placing, I'm sure the Board of TCG could manage that without any dilution to the share price. Iofina achieved that in May last year, raising £4.3 million in the process. The IOF share price was 37p at the time of the placing.

i'm really thick, so please explain to me how a company can have a share placing - a rights issue by any other name, except the ordinary investors don't get a look in - and NOT dilute the equity (and thus the share price)

Might not get a look in like the institutions but still positive long term for PIs.

cynic, I'm sure you aren't thick at all! I will post the info on how IOF managed it. Have to go out for a couple of hours - see you later.

trust me - i know i'm thick; there are many more in MAM who are thick in their own ways but either do not recognise their shortcomings or refuse to recognise them :-)

I'm not fick so I recognise your shortcomings. ;o)

Cynic,

I agree with your self observation in posting 716.

Realisation at last.
8-)

you ought to recognise yourself in the other part too then, unless you prefer to delude yourself

Now now boys, take it to the 'talk to yourself thread'.

i intend to stay off that thread now until it gets more interesting again .... at least fred isn't "obnoxious", though chuckles thinks he is

Bond and placings you usualy find the recipitents are locked in for at least a year so this gives the shorter to medium term traders/investors a shield to any stock dilution that will eventually take place. Also the recipitents arent always going to cash in their chips all in one go, another advantage.

So personaly I like Morgan Stanleys idea rather than a rights issue.

I thought this placing was handled well, but perhaps it's my turn to be a bit "fick"!


"25 May 2012 - LONDON: Iofina PLC ("Iofina" or the "Company") (AIM: IOF) is pleased to announce the successful placing of 11,571,300 new Ordinary Shares ("Placing Shares") by Investec Bank plc ("Investec") at a price of 37.5 pence per share to raise gross proceeds of approximately GBP4.3 million (approximately US$6.8 million). The Placing Price represents a premium of 1.4 per cent. to the closing middle market price of 37 pence per Ordinary Share on 24 May 2012, being the last trading day before this Announcement.

As part of the placing Stena Investment Sarl, a substantial shareholder, has agreed to acquire 10,221,300 Placing Shares.

The Placing Shares will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares including the right to receive all dividends and other distributions declared, made or paid after the date of issue.

The Placing will be made on a non-pre-emptive basis utilising the Company's existing authorities. The Placing Shares represent approximately 10 per cent. of the current issued ordinary share capital of the Company.

The Company has applied for admission of the Placing Shares to trading on AIM. It is expected that such Admission will become effective and that dealings in the New Shares on AIM will commence on 31 May 2012.

Following completion of the Placing, the Company will have 127,284,398 ordinary shares in issue."

Cyners post more over on the chart attack thread, im trying to convert it into a general trading discussion thread anyway rather than just TA.

Cynic,

Is the opinion of somebody who admits that he is "thick" worth considering for more than a moment or two.

Relax, relax, you seem to be stressing yourself again.

-------------------

Anyway, TCG is worth a medium length hold and does has the possibility of day to day trading. Quite large volumes some days.

GF.

Sorry, but he is such a teasel.

better a teasel than a weasel :-)

========

sticky - i have probs with your CHART thread, not least that it takes for ever to download (and thus keep "still") ..... undoubtedly it's because you have so many charts in the header ..... any chance you can remedy?

Well I tried 3 charts horizontaly and that worked but problem is posters dont know and you get them right long threads that you see sometimes.

Best just click on it and wait 10 seconds, know its a pain but better than scrolling out miles to the right.