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

Wind up merchant am I now LOL.

Im a realist.

From travel technology consultant, Paul Richer;


He said the ‘omni-channel’ strategy of Thomas Cook Group chief executive Harriet Green struck a chord with him as he had debated the issue of ‘multi-channel retail’ at a conference called ‘Firing on all Channels’ way back in 2001.

Richer, senior partner at technology consultancy Genesys, said then that ‘customers identify with a brand regardless of channel of delivery…and believe an organisation to be a single entity’.

He wrote in his WTM blog: ‘Harriet Green understands how consumers shop.

‘They may start their holiday research on their mobile handsets whilst having a few minutes to spare at a bus stop or in the morning Costa queue.

‘They may take to their PCs in the office at lunch hour and continue their research at home on tablets or laptops.

‘As the purchase decision gets nearer they may prefer to make a telephone call or pop into a retail shop.

‘The important aspect to remember is that the consumer is considering your business as one entity, however they are interacting with it at the time.’

This trend means travel firms must adapt their technology systems, and ensure that staff incentives are set so that a customer enquiring about a web booking with a retail outlet or call centre will be treated with the same courtesy and given the same amount of time as if making the booking in person.

‘If a travel company can achieve this then it will be firing on all channels,’ he concluded

bullshit cheapest wins!

Is it worth shorting Halifax?????????????

Cant see what your answer will be as I have you squelched.

TCG reminds us of many retailers that woke up too late to the online threat, unless they adapt quickly they will be out of business in 3 years.

I think you should have posted that comment 3 years ago, halifax. Harriet Green and her Board seem to be very much awake, the same cannot be said for the previous CEO and Board.

Go on Halifax .....more more more.

Go on Halifax .....more more more.

Doodles is in a world of his own.

LOL, since we seem to be posting twice here I will repeat myself; "I think you should have posted that comment 3 years ago, halifax. Harriet Green and her Board seem to be very much awake, the same cannot be said for the previous CEO and Board."

doodles your problem is your blinkered to outside market forces.

Im not saying TCG is a bad company what Im actually saying is that sentiment in the real world is very low right now.

Your taking a big risk.

I even hope your right and Im wrong

behave yourself sticky ...... hali's an ok guy, just as you are (most of the time) ..... there is no compulsion to follow your lead, and those with a different view are just as likley to profit, certainly on a trading basis

for all that, TCG has certainly performed well today in a very nasty market and may well continue to do so - may even consider buying back in again :-)

gf, I don't know how you figure out that I'm taking a big risk here. The share price would have to bomb back right down to under 22p for me to make a loss now.

LOL LOL LOL cynic.......... your a fraud.........

"may even consider buying back in again :-) "

ps, Evil told me this evening hes thinking of going short.

Exclusive that for you doodles.

Halifax - Just an observation that's all, you seem to be very quick to judge others on their stock selection. Your mantra is usually we believe this or we believe that (would that be the 'royal we' who exactly is we? you and your granny, mum, sister, who exactly?) Not once have you contributed one trading idea, mentioned one trade that you (or the royal we if you insist) have entered with a target long or short with a stop if god forbid you were wrong. You just consistantly put in your 2 pennys worth, 2 occassions way out with 1st SGE I posted 28/12 wee punt on the spreads @ 295.8 tight stop. You replied "Might Need Some Onion With This One" only thing missing was Ha Ha Ha. Well guess what SGE share price today is 342.15. The other pearl of wisdom recently was AFR long on lead up to results, err I don't think so. Personally I am not trading TCG but I really hope they do well. DB good luck to you mate! :O)

Oh shut up nice but simple chris.

Get back to stuffing turkeys. Halifax knows his onions.

Morning Gobshite Mk2

Morning nice but simple.

gf, I couldn't give a toss what Evil does, if he does short this share I hope he gets his ass burnt. Thank you for that Chris.

Morning nice but simple.