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

Given 20% back...... drat.

Think your right Harry.

personally, i would assume nothing of the sort ..... even in the last 10 days, sp has had a HUGE rise

further, i am of the opinion that the markets in general are due for a sharp retrenchment ...... dow has now risen for 10 straight days (i think), and it is also already at a critical point where a reaction is (over)due .... i'm already short there and shall almost certainly increase that position

Technicaly I agree as stock charts are mostly overbought and Indicies look very topy but fact is if you check fundys plenty of stocks arent what you would describe as very expensive.

This is not a dot com kind of situ as some would have you believe. Then you had stock not even making a profit on massive multiples to sales and those that were making a profit P/Es were 30 to 100 plus in many cases.

These markets will be higher come the autumn I reckon.

ps, only went for a cup of tea and TCG was +2 when I got back -5 I thought S-ITE.

These markets will be higher come the autumn ..... too far away and you may be right; in the meantime there has to be a serious correction + "sell in may ...."

Serious Correction!...nah, a pull back at some time but not a serious one. Think M+A will be big this year. Balance sheets stuffed with cash.

Time to take the plunge Harry?.

Opened a day trade. nearly in profit already.

Same as last Friday when a lot of people got mugged into selling & a lot of stop losses were hit. It's like an action replay of the same mind games. I could be wrong but I think this will bounce again, if not this afternoon, on Monday. I agree with cynic that the markets are due another correction, but this share has already proved that it can move upwards when the FTSE is going South.

From yesterdays Morgan Stanley note........

The need for a large rights issue appears to be receding

One alternative to a rights issue could be a convertible
bond and/or 10% placing......ends

Any thoughts on this?????????

Im in profit already on my new trade, amazing stock.

and i'm even more pleased that i cashed in at 123.75!

GF, regarding a possible placing, I'm sure the Board of TCG could manage that without any dilution to the share price. Iofina achieved that in May last year, raising £4.3 million in the process. The IOF share price was 37p at the time of the placing.

i'm really thick, so please explain to me how a company can have a share placing - a rights issue by any other name, except the ordinary investors don't get a look in - and NOT dilute the equity (and thus the share price)

Might not get a look in like the institutions but still positive long term for PIs.

cynic, I'm sure you aren't thick at all! I will post the info on how IOF managed it. Have to go out for a couple of hours - see you later.

trust me - i know i'm thick; there are many more in MAM who are thick in their own ways but either do not recognise their shortcomings or refuse to recognise them :-)

I'm not fick so I recognise your shortcomings. ;o)

Cynic,

I agree with your self observation in posting 716.

Realisation at last.
8-)

you ought to recognise yourself in the other part too then, unless you prefer to delude yourself

Now now boys, take it to the 'talk to yourself thread'.