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

time to take profits then, I did earlier on

05 Jul 2013 Thomas Cook Group... TCG Morgan Stanley Overweight 144.90 143.00 160.00 160.00 Reiterates

SP TARGET 160p

ORH SpA: EXCLUSIVE AGREEMENT WITH THOMAS COOK GROUP PLC
Thomas Cook Group plc ("Thomas Cook") and the Company's 73.43 per cent. owned Italian hotel management company, ORH SpA, have signed an important agreement on the Watamu Bay Resort Hotel in Kenya. Thomas Cook, one of the world's biggest tour operators, will be entitled to the exclusive booking rights in all main European markets for the Watamu Bay Resort Hotel, one of the hotels managed by ORH SpA.

Commercialisation of the hotel will be through all European Thomas Cook brands and the exclusivity agreement will run between 1 November 2013 and 20 December 2015. In Italy the resort will still be booked through Italian operators.

This important first step for the Ora Hotels brand, to sell its holidays outside its home market of Italy, shows the quality of the holiday products sold by ORH and is the start of its strategy to enlarge the customer base for Ora Hotels across Europe.

UBS comment today:
"TCG delivered H1 pricing growth of 4-11% in the three main geographies. Given the soft y/y comps we had assumed that these would normalise in H2, and previously projected FY pricing of 1.6%. With continued bad weather through Q3 driving strong UK demand and controlled capacity from the airlines throughout Europe, we believe this was too conservative. We have increased our FY pricing forecast to 4.7%, with good drop-through driving an EBIT margin expansion from 2.7% to 2.9% (1.6% in 2012). This results in c8% upgrades to 2013-14E EBIT.

Consensus upgrades to date have come from increasing management guidance on cost reductions (£330m expected from 2012-15E). We remain cautious that some of this cost out could be lost to other cost inflation and lost revenues and thereby not be entirely translated to increased EBIT. We now project 2015 EBIT of £413m implying an uplift of £257m (a c75% conversion of cost out to EBIT uplift).

2013 has to date been an almost perfect environment for tour operators. A reformed operator bringing back market discipline, bad weather encouraging continuing strong bookings, restructuring EU airlines enabling capacity control, and a favourable FX situation. All have contributed to strong momentum on the top and bottom line which will continue for now, but do not expect it to last forever.
Our PT is based on 6.4x 2014E EV/EBITDAR, a 5% discount to TUI Travel."

Breaking from previous highs

The Sunday Telegraph:

Thomas Cook is close to reaching a crucial milestone in its recovery amid expectations that Britain's oldest tour operator will have broken even for the third quarter, following heavy losses last year.

If its broken even that would be brilliant news. Think though that might be a bit over the top, but bring it on.

Added a few more last week.

i assume a few more in your case would be buying a further 100,000 shares ..... whoops! that's certainly a couple of zeros too many :-)

Is someone taking the PIZZ..............?

Thomas Cook is going places today

on moving over 155p then 164p will be the next taking number

Not liking the SP action and negative volume here before update.

Anyone thinking its telling us something???.

Its saying you'v had a bloody good run don't be greedy GF !

TS tomorrow.

share price spike is ready for such an event

Expectation of a good TS is high across various bulletin boards and I can't see Harriet Green failing to deliver. She has done an amazing job with this company since taking over as CEO. Good luck to all holders. ( I don't hold these at the moment, I sold out at 154p just after the Rights Issue was announced )

but surely you don't need to use Thomas Cook if you are going to Bognor for your holiday, if you plan to go to Egypt contact the MOD!

3rd Quarter results

Delivering a stronger balance sheet

· Completed £1.6 billion capital refinancing with extended maturity (£431 million equity raising, £691 million syndicated bank facility due 2017 and Euro 525 million bond due 2020)
· Net debt more than halved from £1,099 million as at 30 June 2012 to £452 million as at 30 June 2013
· Credit rating upgraded

Delivering improved financial results

· Q3 underlying EBIT on a like for like basis improved to a profit of £1 million, an increase of £46 million compared with the same period last year
· Nine months ended 30 June underlying EBIT on a like for like basis improved by £104 million to £(197) million compared with the same period last year

Delivering stronger margins

· Q3 underlying gross margin on a like for like basis improved by 110 basis points to 19.8% compared with the same period last year
· Nine months ended 30 June underlying gross margin on a like for like basis improved by 110 basis points to 20.3% compared with the same period last year
· UK underlying EBIT margin on a last 12 months ("LTM") basis improved by 60 basis points to 1.7% (H1 2013: 1.1%)

Delivering more cost out and profit improvement benefits

· In Q3 we delivered an additional £31 million of cost out and profit improvement benefits taking the cumulative total to £138 million, representing significant progress and on track to meet our FY13 target of £170 million
· We have increased the total cost out and profit improvement target for FY15 from £390 million to £400 million, reflecting a further £10 million of benefits that have been identified as being deliverable from existing initiatives reflecting risk weighting changes

Delivering more operational cash flow

· Cash conversion ratio at 58%, on a last 12 months basis

Delivering our web strategy

· Web penetration rate of 35% on a last 12 months basis
· www.thomascook.com is the most visible holiday website on Google UK, attracting 59 per cent of all generic holiday searches made via laptops and desktops. It is also the second most visible website for generic holiday searches made via tablets and smartphones, accounting for 68 per cent and just below travelsupermarket.com on 69 per cent (Greenlight report dated May 2013)

Delivering new products

· Concept hotel customer bookings for the Summer 2013 season are up by 38%, which is encouraging progress against our FY13 aim to increase the number of concept hotel passengers by 25% from approximately 450,000 in FY12

Continued positive trading

· Approximately 85% of planned capacity is now sold for the Summer 2013 season
· Disciplined management of committed capacity to demand has led to 9% less committed capacity "left to sell" in the "lates" market compared with last year
· Recent political and social unrest in Egypt and Turkey is not currently having a significant impact on the Group

UPDATE 1-Thomas Cook swings to third quarter profit01 Aug 2013 - 07:46

(Adds detail) LONDON, Aug 1 (Reuters) - Thomas Cook swung to a third quarter profit and said it had it halved its debt pile in the latest stage of a turnaround at the world's oldest travel firm. The 172-year old group is recovering after a dramatic slump in sales over the last two years, hit by the euro zone debt crisis, high fuel costs and social and political turmoil in popular holiday destinations such as Greece, Egypt and Tunisia. The tour operator on Thursday reported earnings before interest and tax (EBIT) of 1 million pounds ($1.52 million) in the three months to July, up from the 45 million pound loss it reported in the same period a year ago. Pretax losses for the nine months to the end of June reduced by 30 percent to 470 million, while nine month revenues were largely flat at 5.58 billion pounds, the company said. Thomas Cook, which completed a 1.6 billion pound refinancing plan earlier this year, said it more than halved its net debt to 452 million pounds in the last 12 months. It has sold 85 percent of planned capacity for the summer 2013 season and has 9 percent fewer packages left to sell in the 'late' market than last year. "We are optimistic that we will maintain satisfactory prices and margins during the remainder of the summer season," said chief executive Harriet Green. "We do, however, recognise that the 'lates' market last year was particularly strong due to inclement weather throughout much of Europe, which has not been replicated this year." The tour operator, which is halfway through its three-year turnaround plan, said it delivered an additional 31 million of cost cuts during the quarter, taking the cumulative total for 2012-13 to 138 million pounds. As such, the company increased the profit improvement target by 10 million pounds to 400 million pounds by 2015. ($1 = 0.6596 British pounds) (Reporting by Rhys Jones; editing by James Davey) ((r.jones@thomsonreuters.com)(44)(20)(7 542 4166)(Reuters Messaging: rhysl.jones.thomsonreuters.com@reuters.net)) Keywords: THOMASCOOK

01 Aug 2013 Thomas Cook Group... TCG Investec Buy 159.40 153.60 185.00 185.00 Retains

TARGET PRICE 185p

UPDATE 2-Thomas Cook says more to come after restructuring yields profit

01 Aug 2013 - 11:31

(Adds CEO, analyst comment, shares, details) By Rhys Jones LONDON, Aug 1 (Reuters) - Thomas Cook made its first third-quarter profit since staving off bankruptcy in 2011 and told investors to expect more from a restructuring that has seen it cut jobs, divest businesses, shut branches and merge its airline operations. The company has also halved its debt pile in order to help it recover from slumping sales due to the euro zone debt crisis, high fuel costs and social and political turmoil in popular holiday destinations such as Greece and Tunisia. Earnings before interest and tax (EBIT) were 1 million pounds ($1.52 million) in the three months to July, up from the 45 million pound loss it reported in the same period a year ago, the world's oldest travel firm said. "This is just the start ... we look forward to delivering much more," said Harriet Green, who took over as CEO a year ago. Green has pledged to boost profits by $500 million by 2015 by streamlining the business and moving more operations online. The 172-year-old group, saved by an emergency bail-out from its lenders two years ago, is half way through a three-year turnaround plan, which has seen it cut 2,500 jobs and close 195 underperforming outlets in Britain. Thomas Cook shares rose as much as 5.3 percent to 161.9 pence, their highest level in more than 16 months. By 1020 GMT the stock was up 2 percent. The company has sold 85 percent of its planned capacity for the summer 2013 season and has 9 percent fewer packages left to sell in the late-bookings market than last year. Green did warn, however, that that market last year was particularly strong due to bad weather around much of Europe, which is not a factor this year. The group is always profitable in its fourth quarter, following the summer holiday period. The tour operator said it delivered an additional 31 million pounds of cost cuts during the third quarter, taking the cumulative total for 2012-13 to 138 million. Net debt more than halved to 452 million in the last 12 months, it said. "Thomas Cook is delivering, and we expect it to continue to do so," said Jefferies analyst Ian Rennardson. "With a strengthened balance sheet and cost savings on track, with more promised, the company is well on the road to rehabilitation." ($1 = 0.6596 British pounds) (Editing by Louise Ireland) ((r.jones@thomsonreuters.com)(+44 207 542 4166)(Reuters Messaging: rhysl.jones.thomsonreuters.com@reuters.net)) Keywords: THOMASCOOK/