This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
25 November 2015
With terrorism and geopolitical related fears having hampered travel sector sentiment of late, investors are welcoming a strong bounce by Thomas Cook (TCG) shares this morning. This comes from a return to full-year profit after a half decade of losses, management’s upbeat observations on current trading in the face of headwinds and its confidence in guidance/outlook following am encouraging start to the year allowing it to reinstate dividend payments in 2017 after a 4 year hiatus. With the 100p region having held up for a third time in 13 months, are loyal investors set for another 25% bounce as those not already on-board reappraise the discounted shares hoping they take-off rather than lounge around?
Mike van Dulken, Head of Research
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
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