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

Bought back in yesterday.

ST just reminded that TCG (and TUI) numbers are out this week
i haven't followed TUI, but TCG may be worth a punt as sp has fallen away over the last several weeks, per chart below and is not close on 10% below its peak

however 25/50 dma are close to blending at about 182, and that may prove something of a resistance - always assuming the figures are well received in the first place!

.

Holiday firms TUI travel and Thomas Cook, as usual, issue trading updates in the same week, making comparisons very easy.

UBS expects TUI travel to confirm guidance for the first half of the year (H1) in its trading update, and to maintain its target for 7-10% earnings before interest and tax (EBIT) growth for the full year.

“We expect the EBIT loss for H1 to be slightly smaller than for the same period last year, benefitting from the timing of Easter,” the Swiss bank said. As for Thomas Cook, UBS expects trading to be broadly in line with the interim management statement released on 11th February, with summer bookings developing on a par with expectations.

“We will likely hear more on the progress of the cost saving programme,” UBS suggests.


http://www.proactiveinvestors.co.uk/companies/market_reports/66919/week-ahead-wolseleys-growth-to-be-hampered-by-fx-headwinds-0000.html

By Jamie Nimmo
March 26 2014, 5:45pm
Day Ahead: Thomas Cook hopes to outdo rival TUI


A trading statement from Thomas Cook (LON:TCG) is the highlight of Thursday’s reporting diary as the travel operator looks to better rival TUI Travel (LON:TT.).

Investors will watch closely to see how the company’s journey from the brink of bankruptcy is going.

The group continues to be weighed down by massive debt, but the burden is lessening, with net debt at the end of 2013 down to £1.29bn from £1.56bn at the end of 2012.

Since Harriet Green took over as chief executive in July 2012, the company’s shares have leapt from just 16p to 181p.

On Wednesday, rival TUI travel, which operates the Thomson and First Choice brands, said summer bookings were in line with expectations.

It said the average price for summer getaways were around 2% higher, while most of its winter season slots were snapped up despite the unrest in Egypt and weakness in the Nordic market.

TCG plc Pre-close Statement

has been satisfactory, despite the significant market disruption caused by continued unrest in Egypt, as our businesses have worked successfully together to offer our customers a wider choice of destinations. Customer bookings for the Summer 2014 season have shown an improving trend since we reported our first quarter results with around 50% of holidays already sold, slightly higher than at this stage last year. Compared with last year, margins are expected to improve more than average selling prices, reflecting enhanced yield management and the benefits of our cost out and profit improvement programme, which is delivering ahead of schedule. Finally, having
successfully completed the disposal of our interest in The Airline Group, shareholder in NATS, I am pleased to confirm the delivery of our disposals target eighteen months early.

The continuing transformation of Thomas Cook, including the delivery of our
strategic targets, remains our top priority and I look forward to sharing a
full update at our half year results announcement on 15 May, together with
details of further new product development and the second wave of our profit
improvement plans."

Harriet Green, Group Chief Executive Officer


doesn't sound bad to me!

28 Mar JP Morgan... N/A Overweight
27 Mar Credit Suisse 253.00 Outperform
27 Mar Numis 175.00 Hold
------------------------------------------------------------
Very differing opinions ?

Was in and out over the last week ,will be a buyer again if it goes back down.

i hold, but as yet have put none in my pension .... may well remedy that next week

Not sure that a share which is at the mercy of political instability, the weather, currency fluctuations and fickle and unpredictable retail customers would be one for my pension pot. Spices up your retirement though, I suppose! ;o)

you could argue that shares themselves are intrinsically unstable
equally, shares in pension funds can be traded like any other share

Looking like a buy again here.

Back in for a trade . i don't know whether this will go like most of my recent buys ,the old ,,a long term hold is a short term trade gone wrong ! Next week will tell.

STANDARD & POOR'S RAISES THOMAS COOK OUTLOOK FROM STABLE TO POSITIVE

Standard & Poor's Rating Services has increased its Outlook on Thomas Cook after a detailed financial review of the Group's progress in implementing its Transformation strategy.

S&P, one of the world's leading rating agencies, has raised the Outlook on Thomas Cook from Stable to Positive. S&P's rating of the Group remains unchanged at "B" for the moment.

Harriet Green, Group Chief Executive Officer, said:

"This is another milestone in the rapid delivery of our strategy of sustainable profitable growth. We are very pleased that S&P has recognised the pace and extent of our transformation and we appreciate its confidence in our ability to maintain the momentum.

As we reported last month, our cost out and profit improvement programme is delivering ahead of schedule and we have reached our target for disposals of non-core interests 18 months early.

S&P has recognised the importance of our continuing transformation, including the delivery of our strategic targets, and I look forward to sharing a full update of our progress at our half year results on 15 May."

Standard & Poor's said:

"The operating performance of Thomas Cook Group plc has improved thanks to the ongoing implementation of its turnaround strategy. We anticipate that its credit metrics will continue to strengthen as cost-saving initiatives as part of its turnaround strategy lead to EBITDA growth and debt reduction. We are therefore revising our outlook on Thomas Cook Group plc to positive from stable, and affirming our "B" long-term corporate credit rating on the company.

The positive outlook reflects the likelihood of an upgrade within the next 12 months if positive operating trends continue to improve the Group's profitability and credit measures."

Gone long first thing.

Excelent update.

i already hold in/out of pension, but like bounce back up through 200 dma so may top up

Yes very good .. I was long in the high 160s got caught in the last week of market jitters .

well i did the other day, so nice little profit already in hand .... much more interestingly is that dma has already gone back up through 50 dma and is now challenging 25 dma ..... through that, and share could once more be on a roll (without pickle!)

Not a susage roll then. !!!!