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

£1.20 would be nice

TCG Thomas Cook

Shorters once again caught out and
buying stock back.....

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not this morning they don't seem to be

Thomas Cook upgraded by Citigroup
11th February 2013, 10:52

Citigroup has upgraded its recommendation on Thomas Cook Group [LON:TCG] to ‘neutral’ from ‘sell’ just a matter of weeks after downgrading the stock.

This surprise U-turn comes after the company announced better-than-expected first quarter results and further cost savings to the tune of £60 million.

The City broker has hiked up its price target by over 100% to 90 pence a share from 40 pence.

Analyst James Ainley said: “Profitability has been hit hard in the last 2-3 years as the group has struggled with a poorly differentiated product in a tough market.

“New management is working towards a turnaround and is extracting cost savings which should deliver improvements.

“However leverage remains too high and we would not be surprised to see management capitalise on the recent share price rally and raise funds from shareholders.”

Investec restated its ‘buy’ rating today and increased its price target to 120 pence from 40 pence.

At 10:50am: Thomas Cook Group share price was up 1.38 pence at 89.38 pence.

Wont last for too long cyners.

LESS TO BE RAISED......

=

LESS DILUTION

Tour operator Thomas Cook (LON:TCG) left the runway 2% higher this morning after broker Citigroup upgraded the stock to ‘neutral’ from ‘sell’. FEB 11 2013

The more upbeat assessment comes as the company drives its cost savings, which reduces its balance sheet concerns, according to Citi analyst James Ainley.

“We still have concerns about the group’s balance sheet and think an equity raise will be required,” he warned.

“However greater-than-expected cost savings (and the promise of more to come) alongside the strong share price point to a smaller-than-feared fund raising and comparatively less dilution.”

The broker gives the company a big target price boost, now eyeing up a 90p price 12 months down the line against its old 40p target.

We've seen this trend before when the share reaches a psychological barrier - 50p, 60p, 70p, 80p and now it's 90p. The share price pulls back for two or three days and then tests the level again and it always shakes out a few weak holders. Shorters will no doubt be out in force all over the various bulletin boards trying to talk it down further!

Now to decide where the best entry level might be. I keep nudging down my limit buy but may be pushing my luck.

Norges Bank < 3%

I'm amazed more profit taking hasn't taken place.

Shortie, I think more profit taking hasn't happened because people expect this to go up some more. Target now is in the region of 125p - 130p. imo

ohhhhhhhhhhhh lovely intraday turn around.

Cyners..........I told you so. Get your wallet out and get some bought.

Yes 120p.........130p could be achieved sharpish.

i bought back in yesterday at about the "now" level, but thanks for the kick

Time to wheel this out again.

Get to that gap at 100p and we are away.

Sp likely to consolidate for a little while longer, imo.

You are brave lads.

Just watching.

But Barc going like a bomb.

Emm.

Fortune favours the brave Fred - sometimes!

There is a tide in the affairs of men.
Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries.
On such a full sea are we now afloat,
And we must take the current when it serves,
Or lose our ventures.

Ahhhhhhh men.

Second verse now doodles he he.........