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

State Of Play With The Broker Buys

Date Company Name Broker Rec. Price Old target price New target price Notes

25 Mar 13 Thomas Cook Group... JP Morgan Cazenove Overweight 116.25 30.00 140.00 Upgrades
25 Mar 13 Thomas Cook Group... Jefferies International Buy 116.25 155.00 155.00 Reiterates
22 Mar 13 Thomas Cook Group... Morgan Stanley Overweight 116.25 150.00 150.00 Reiterates
21 Mar 13 Thomas Cook Group... Credit Suisse Outperform 116.25 146.00 146.00 Retains
14 Mar 13 Thomas Cook Group... Oriel Securities Buy 116.25 - - Retains
14 Mar 13 Thomas Cook Group... HSBC Overweight 116.25 100.00 130.00 Reiterates

N@P building Society.

http://www.telegraph.co.uk/finance/newsbysector/transport/9963142/Airlines-join-talks-to-offload-traffic-controller-stake.html

Gaps have been filled , but chart still firmly in uptrend. Head says sell, heart says hold. (Not keen on the sell half option). Think I may try & squeeze another 10p out of it and then chuck in the towel, but will definitely be out before may. Broker targets all over the place, so no help there!

I don't know if this is any help HARRYCAT!

http://www.independent.co.uk/news/business/sharewatch/our-share-tips-have-travelled-well-so-far-8556262.html

Ascending triangle (bullish pattern)on the chart Harry. Be mad to sell now. Looks like its going to break to the upside.

That's what I thought gf, so am holding, with a certain amount of impatience (& greed).

Some big buying this afternoon on the slight dip.

Indeed indeed, DB.

Cook reputation remains 'intact' despite torrid times


04 April 2013 at 08.04 GMT

Thomas Cook has emerged from 18 months of poor financial results and restructuring with its consumer reputation intact, research suggests.

A survey conducted for Travel Weekly indicates that more than two out of five UK adults (42%) expect to interact with Thomas Cook this year regardless of whether they have an overseas holiday.

Explore Research asked 500 adults how likely they are “to engage in some way” with the company by searching online, visiting a shop, checking a brochure or making a call, whether or not they book. It found 9% “definitely” would and 33% were “likely” to (including 14% “very likely” to).

Two-thirds of respondents said they were aware of Cook’s financial problems, yet half reported no change in how they viewed the company and 15% were more likely to book with Cook than a year ago.

Younger adults appeared most likely to engage with Cook, 48% saying they would do or be likely to.

Explore also asked consumers how they view Thomas Cook – as a travel agency, tour operator or travel company, or retailer of holidays or package holidays?

It found 29% regard Cook as an agency first and 16% as a travel company, with 24% thinking of holidays and 18% of package holidays. Just 8% consider Cook a tour operator and 1% an airline.

A separate survey by PR Week/OnePoll, published last week, suggested Cook retains the best consumer reputation among UK agencies. Cook polled top with 23% against 10% for Thomson and 5% for First Choice, with Virgin Holidays on 16%. Explore surveyed 500 UK adults online in March

Excelent DB.

Fab post.

Short drop ready for the next surge forward in the new tax year.....hopefully!

Thomas Cook to fly to Caribbean from Manchester


Thomas Cook Airlines is to offer a range of new flights to the Caribbean from Manchester next winter when it will become the only airline offering services to St Lucia and Antigua outside London.


On November 10 it will launch a weekly flight from Manchester to St Lucia, continuing to Barbados, operated by an Airbus A330 aircraft. A Manchester to Antigua service, also continuing on to Barbados, will start on December 19.


Thomas Cook group head of air travel Christoph Debus said: "It's fantastic news that we're able to offer UK travellers seat-only and holidays from Manchester to some of the most beautiful islands in the Caribbean, initially for the coming winter season.


"With the recent reduction in connections from Manchester to Gatwick limiting the travel options for those from the Midlands, the North and Scotland to connect with Caribbean flights from London, we're pleased to be able to offer more flexibility and choice for our customers, competing with the very best scheduled and charter carriers."


Wednesday, April 10, 2013
Travel Mole

Cook tests three store designs ahead of UK-wide shop revamp


11 April 2013 at 08.10 GMT


Thomas Cook has started a month-long test of three new store concepts and will choose one to spearhead a refresh of its high street presence.

The company gave three stores – in Stowmarket, Stamford and King’s Lynn – a makeover in different styles and colours last week and will decide by the end of the month which to roll out nationally. It plans to have 90 stores revamped by September.

Speaking exclusively to Travel Weekly, retail director Joanna Wild said the refresh would signal to customers and staff that Thomas Cook is back.

“These are traditional stores and the idea is to make them clean, fresh, modern. They will look bigger, brighter,” she said.

“There are three different concepts, with different colours, different graphics, different chairs. We’ll decide in the next two to three weeks which to roll out and [aim to] have 90 smaller stores refreshed by September – the end of the financial year.” The programme will continue beyond that.

Wild declined to say how much the programme would cost, but described it as “a significant investment”, adding: “The refresh programme shows our commitment to the high street.”

It comes alongside a ‘store of the future’ programme for large outlets, the first of which launched in Leeds’ White Rose shopping centre in December. Wild reported revenue at the White Rose store in the first three months had exceeded Cook’s target by more than 50%.

Wild spent the past week addressing meetings of store managers around the country, explaining the new cluster-manager approach to running shops.

She said: “Some store managers may step down [to become assistant managers]. Some will be promoted to cluster managers. Some will leave.”

But Wild insisted: “Staff have a future in retail. There will be opportunities for promotion. People can see we have a future, can see the pace at which we are changing and that we have a sustainable and profitable business – and the pace is infectious.”

How bizarre to choose Stowmarket! A sleepy market town. I would have though they would choose a big outlet in a major city. Not sure the residents of Stowmarket will want 'clean, fresh, modern'.

Agreed Harry, places like the White Rose shopping centre and Bluewater seem to be far more appropriate for that type of concept.

the choices will not have been random but carefully selected for their demographics and similar

Yes, comfortable middle class, middle England. The train from Norwich to London is absolutely packed during the morning rush hour with commuters getting on at Diss, Stowmarket and Ipswich, so presumably those people are earning London wages but living the Suffolk lifestyle? No complaint from me though as Harriet Green, Chief Executive seems to know what she's doing and sp still on the up!

not my call or area of expertise, but like i said, the towns will have been chosen after a lot of research by so-called experts

Nice to see that TCG sp remains strong on a day when many other stocks are being hit. Am still holding, though watching closely.

Credit Suisse retains 146p target;

15 Apr Thomas Cook Group... TCG Credit Suisse Outperform 116.85 117.20 146.00 146.00 Retains