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

Venice love it.

Some seriously sexy birds.

Wasl ast their 3 years back.

Italian red tape worse than ours.

Morgan Stanley Overweight 159.25 150.00 190.00 Reiterates

Morgan Stanley who first realised the potential recovery of Thomas Cook, raise their target from 150 to 190.

HARRY, I've often found that the MAM closing prices for this share are all over the place. I'm still holding these, but considering all the options available at the moment - decisions, decisions.

Shop damaged in Edinburgh fire will be Cook's new concept store

Thomas Cook will open its second flagship Concept Store in Edinburgh in July.

The Hanover Street shop was closed in July 2012 following a fire in a nearby restaurant.

Staff were relocated to other retail outlets while the store was being refurbished.

It will re-open in time for the Edinburgh Festival as a sister to Thomas Cook's Leeds concept store.

Like Leeds, it will have ambient music and video and will offer "social media technologies so customers can share personalised, holiday-related content".

But it will also have a welcoming VIP Lounge, which Thomas Cook claims is a first for travel retail.

"Retail is such an important part of Thomas Cook's omni-channel approach," said retail director Joanna Wild.

Thomas Cook, which is closing 195 shops across the UK and is looking to move to 50% online bookings, said research indicates that 46% of holidaymakers want to deal 'face-to-face with an expert before booking their holiday'.

"The concept store is all about enabling our customers to book exactly what they want how they want," added Wild.

"Whether it's via the new technologies that will be available to all, or the 'human touch' where expert advice is on-hand if our customers need it, the aim of our new 'stores of the future' will be to make sure that we provide the very best consumer interaction on the high street, both within and without travel."





by Bev Fearis



Friday, May 17, 2013

20 May Thomas Cook Group... TCG HSBC Overweight 158.50 158.50 130.00 187.00 Reit

SP Target 187p.

Been doing some top slicing this morning. I've had a great run with this share since 22p, but I think I will wait and see how things pan out over the next few weeks before buying into the rights issue - or not. Congratulations to Harriet Green and her Board of Directors for doing a great revival job with this company. I still think the share price will get to £2 before the end of this year, but I want to free up some cash right now to invest elsewhere.

ahhhhh that just more or less sums upwhat other s are doing .

Still think its got an extra 20p in it short term.

grasping at straws a bit sticky, and for just 20p on 150, is it really good risk/reward? ...... confess i see no rush to buy back in for now

I'm sure you're right gf, however I think the markets have had a good run recently and we may see another pull back soon - whether or not that effects the TCG share price is another matter. Historically travel sectors don't tend to do so well in the second half of the year as the first. Harriet Green gave another impressive interview on Sky News on Sunday.

keep an eye on the rising 25 dma, currently about 135 ..... if sp falls to meet that, history indicates that could be the time to buy (back) in

Eyes are peeled cynic.:-)

promise i'll post if/when i do - as is my general custom

RIGHTS ISSUE AND CAPITAL REORGANISATION
The Board of Thomas Cook has announced that as part of a GBP1.6 Billion Capital Refinancing Plan, it will seek to raise approximately GBP425 Million gross proceeds from a fully underwritten Placing and Rights Issue. The Company also proposes to undertake a Reorganisation of its share capital. The Placing and the Rights Issue and the completion of the Capital Reorganisation are all subject to the approval of Shareholders at the General Meeting to be held on 3 June 2013.
TERMS: Rights Issue - 2 New Ordinary Shares at 76 pence for every 5 Ordinary Shares held.
Capital reorganisation - Each Existing Ordinary Share of EUR0.10 nominal value will be subdivided into one Ordinary Share of EUR0.01 nominal value and one New Deferred Share of EUR0.09 nominal value. Relative Details and Dates: 3 June 2013 - Capital Reorganisation, 3 June 2013
Record Date for entitlement under the Rights Issue for Qualifying Shareholders, 5 June 2013 - Admission and dealings in New Ordinary Shares, nil paid, commence on the London Stock Exchange and Ordinary Shares marked Ex-rights. You are not required to take any action at this time.

clarification required so everyone can see what they are going to be entitled to and at what price/discount, and just as importantly, what its effect is on today's sp

21 May Thomas Cook Group... TCG Investec Buy 155.25 154.40 120.00 185.00 Retains

SP TARGET 185p.

I've been reading comments about the rights issue on various other bulletin boards and some posters seem to be under the impression that they are going to get 2 FREE shares for every five they own - now that would have been nice!

It makes no difference.

In what way Fred, am I missing something here?

I'm sure Fred will come up with an easy to understand explanation, but in the meantime try this:

http://www.investopedia.com/articles/stocks/05/062905.asp