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

what an ass! .... if he's "been in thei business long enough to know what I am doing", then why hasn't he made so much money that he doesn't retire to sunnier climes?


btw, i happen not to agree with transco ..... i just think the market has changed dramatically, and people now prefer to fend for themselves by booking on line, or in the present climate, not going anywhere on holiday

Thanks for the support chaps - interesting to read all the posts on the way down - mostly optimistic outlooks all dashed. Same again im afraid.

My stance is largely unchanged from post 18 on and I still (largely) stand by my post 85.

As said is post 106 - Good luck with these!

But Skinny " Cashflow performance is strong"
Are you joking - its fallen off a cliff why else get the banks in to help.
Over expansion to get market share - foolhardy investment in expanding the business too far. - Disaster.

Sorry - my post 18 is merely stating the trading statement - all subsequent posts are bearish! :-)

My post 85 states "I can't see any redeeming feature in the the chart ".

I'm agreeing with you!

oh ok Kool - and a very good insight - a business doomed to failure im afraid.

re - retire to sunnier climes?

the BAR steward has spoken or is the "cynic"

Why you did not go back to Poland where you belong?

When one makes money it is just a game to entice one self to do better
Is Lord "Sugar" retired? and he has a few more bob than me.

No one over here can teach me a bit on shares or on other words no one is good enough to "polish" my shoes
-----------------

My timing is the best, and that was said by "hambi" now head of the Invesment Trust

and you can see it on today's comment, is it now not words like most of you but facts, reason that I allways give on the comment.

note : I am from a sunny place stupid.

YES from 19.875p when I said so to 25.625p now

JUST SHUT up and clean your dirty mouth with strong BLEACH .......................cynic

I suspect you see a - polish ass - every time you look at the mirrow

transco15

do not forget that not everyone buys the shares for long term, I did do that when I started a couple decades ago a did well then buying companies on PE of 7 to 10 and good growth on the future and selling one year later on PEs of 16 to 18

but my fun now is short term, reason ........... pays more dividens or gains

first round to you son but mark my words it will all come crashing down on Monday imho.
Nice call today though - very very lucky imho

oh dear oh dear oh dear ..... clearly someone previously banned has snuck back on board, though not for long if his pathetic abuse continues much longer .... it really is just tiresome and boorish


transco - try not to give the twit further oxygen

transco15

re - first round

second and third to me

You have forgotten what I said earlier and most likely yesterday on selling and so on.

do not forget if you follow the "dear" you will be to hell just like - himmmmm - since he came to this country by mistake. The stalking still going on since, he just can not find it ( it does not exist ) BUT A FOOL WILL BE A FOOL TO THE END. ...........now stalking posters.

or dear, dear, dear.

eric cantona seagulls

Thomas Cook turns down 400 million plan: The Chairman of Thomas
Cook has rejected a proposal by a group led by two leisure industry veterans and backed by some shareholders of the travel operator to inject 400 million into the company

Market cap of 203 mill

Pre-close Trading Update.

i have just taken a very modest stake here as i find it very interesting that trg have invested in the latest state of the art software from aie (which unfortunately i do not hold, despite my own recommendation)

i doubt that the aie system is sold outright to trg, though i cannot be certain .... however, if i am correct, then it implies that aie have sufficient comfort that trg are not going to go belly up on them

just a small thought to ponder

..Thomas Cook gets lifeline from lenders

Reuters – 2 hours 23 minutes ago

(Reuters) - Thomas Cook Group Plc (TCG.L) gained a three-year funding lifeline worth 1.4 billion pounds on Saturday, giving the world's oldest travel group more time to turn around its recession-scarred business.

The 170-year-old firm warned about its profits three times last year as civil unrest in North Africa and the economic downturn in Britain hurt bookings, and it has been forced to consider a number of fundraising proposals.

Groaning under 890 million pounds of debt, it secured a 200 million pound rescue package from its lenders in November, started selling assets and reviewed its underperforming businesses.

In the new agreement, Thomas Cook's lenders extended the $2.26 billion of financing, most at higher rates of interest, to May 31, 2015 from previous expiry dates between 2013 and 2014.

The firm said they had raised the interest margin on 1.2 billion pounds of funds to 3.50 percent over Libor, most of which carried a margin of 2.75 percent over Libor before. The 200 million pound package obtained in November kept its margin unchanged.

The lenders, which include Royal Bank of Scotland Group Plc (RBS.L), will also receive warrants to subscribe for new Thomas Cook shares representing about 5 percent of issued share capital and will be entitled to a 1 percent amendment fee.

'FIRMER FOOTING'

"This bank agreement, together with these actions, places Thomas Cook on a much firmer footing," chairman Frank Meysman said in a statement.

Thomas Cook endured a dire 2011 with more than half a billion euros in losses that culminated in the departure of veteran chief executive Manny Fontenla-Novoa in August.

Meysman said the search for a new CEO was progressing well.

Thomas Cook said it was in advanced talks to sell and lease back 17 to 19 aircraft, or roughly one in five planes out of its total fleet, as part of its disposal programme to get cash and boost liquidity.

It said it had received a "good level" of expressions of interest in its Indian business (THOM.NS), and potential buyers would now conduct due diligence.

It also recently agreed to sell its Explorers Hotel in France, where it said market conditions remained very challenging. It will seek shareholders approval for that disposal as well as the aircraft deal in May.

Thomas Cook, which reported an uplift in business in March, is banking on stable cash flow from its Northern Europe and German businesses, though it said it saw scope for further improvement there by increasing online sales and reducing costs.

It reshuffled management at its underperforming businesses in Canada, Russia and France, where it sees substantial scope to improve results. It also said on Saturday a plan to turn around its UK business was under way and progressing well.

(Reporting by Maria Sheahan; Editing by John Stonestreet)

..

Thanks for this dreamcatcher. Am holding 60,000 of these and have seen the SP slipping from the 23.75p I paid - hopeful of a noticeable bounce on Tuesday!

Hope this company comes right for you jfletendre.