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

Cyners you dont subscribe its free, all you do is sign up like here and use your PC even if its clapped out like mine.

You dont need fancy gimmick tablets or flash mobile phones.

Make no wonder you and Hays are always behind the curve on politics.

I get news immediatly its out in the public domain same with company takeovers etc.

Made me plenty of money trading.

Give it a try, Ill hold your hand he he.

sticky - i have no need of twitter and the like and am perfectly capable of making a total ass of myself here without any help to broadcast elsewhere

i also manage to waste more than enough time on here without further distraction and temptation to pontificate elsewhere

Anyway - I closed half my short today.

Doodles if you tell the truth you have nothing to fear.

I dont recognise any of your above post.

Fair enough if your a nutter and go saying things about other people like silly Sally Bercow clearly you are in contempt of the law, but this isnt just confined to twitter.

Ive had just one set too in nearly 3 years and it was something of nothing.

Didnt know you were short Skinny.

Yes - somewhere up the thread.

Well done must have made some good money.

Signs this afternoon though that buyers are coming back.

sticky - i fear some of the buffoons here think they are posting the truth when it has only a vague whiff of same

GF stick Twatter up your arse (not to put to fine a point on it)! As a matter of interest how old do you tell everyone you are on that site, 40 going on 12? :O)

cynic - LOL. Quite a few trading days before 4th June when people have to make their minds up what they are doing with this share and I would think there is going to be a bit of volatility in the run up.

Chris...nice but simple, do you really think you plank I would give my DOB on a bulletin board or such. Nieve people like yourself ask for trouble. Engage your thick brain for once.

Carry on guessing.

This is just one example of posters on another bulletin board who seem totally at sea about what is going on ---------------------------------------------------

"Note 137p is co-incidentally the placing price AND what 150p is diluted to as a result of the placing. Or IS this a co-incidence?"

Yes, I think it's a co-incidence, because the "137p" will get diluted, too. The new shares are not the same as the old shares. That would be like exchanging your pounds into dollars and claiming you made a gain because you went from 100 to 150. But the number are in a different "base", the 100 is in GBP, and the 150 is in USD, so you haven't necessarily gained anything.

Where I think there is a gain (or loss, depending on your perspective) is that the share price is 150p in the market, put the placing is at 137p - so the people buying at 150p are being diluted by the placees, who are getting a preferential rate.

I guess a lot depends on what you think the shares are worth to begin with, and whether you can gain access to the placing.

If you buy at 150 today that is the same as buying at 137 in the placing because the placing dilution happens first before the RI and 150.x.(.shares.today./.shares.after.placing.).=.137 x

If you can buy in lower than 150 you will be better off than if you bought in the placing, and if you buy higher than 150 you get a worse deal than the placees.

Then every share is on level pegging and the Rights Issue process applies to all shares including the placee shares.


Page 59 of the prospectus says "The Company proposes to offer 401,556,476 New Ordinary Shares by way of rights to (i) Qualifying Shareholders ... and (ii) Placees". So the placing happens before the rights, not after.

At least that's the way I read it - it's entirely possible that I'm understanding it wrong, though.

I think you're both agreeing that the placing is before the rights are applied ?

Well if you were positive and and a member of Twitter you could present the above directly to Harriet and air your worries.

Perhaphs ask her for a RNS to clear things up.

and if you aren't, much as i resect hil's views, you can take a more objective view

ehhhhhhhh. What you on about? cyners.

prob a bit pissed after a very good (and good value!) dinner at trattoria rivetta in venice at a restaurant i hadn't been to for 30+ years :-)

Ohhhh right no probs.

Must say Im ok with whats happening at TCG........no probs at all.

Actually, I don't think as a shareholder I should have to post on twitter specifically to ask for clarification from the CEO of this company as to what my various options are. The Prospectus should be worded in simple terms so that shareholders are completely clear about what is going on.

so tell me sticky, what exactly is the score - or don't you know either?

E mail her then, or better still ring her or the FD up.

I do and If I get stalled I go to the AGM or nearest meeting and cause as much unrest as poss.

Dont forget they have a department for share holders.

Use your rights.