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Thomas Cook - 2013 Nap shows gain of 113%

May 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TGG
  • Price:
  • 117p
The shares leapt almost vertically to a new high of 122p after Thomas Cook unveiled a new strategy and profit improvement plans, the headline grabber being an upgrade to its cost savings target from £160m to £210m by 2014/2015. Highlights include new plans to turn round poorly performing overseas businesses in France and Russia (which made combined losses of £43m last year) to at least break-even by 2014/2015. Complementing this is a plan to increase the proportion of online sales from 34% to 50% over the same period, which should boost margins.Thomas Cook is also reviewing its capital structure, with plans to raise £100-£150m from disposals and £150m from improved working capital management, while a £300m rights iss ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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