Updates

Parkwood - Results ahead of forecast

April 2006

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.

Results were well ahead of expectations. Sales were up 18% to £79.8m and pretax profit was up 94% to £1.97m with eps more than doubling to 6.9p. The order book at the year end was £318m but will be higher now, with Parkwood indicating a target of £0.5 billion by the current year end. Parkwood's core activity, managing leisure centres on behalf of local authority customers on a multiple-year basis, accounted for most of the increase in profitability. Turnover in the division lifted from £26.4m to £30.9m whilst operating profit before central costs increased from £1.24m to £2m (operating margins of 6.5%). The turning point for Parkwood's leisure division was the acquisition of CCL whi ...

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BATM

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Parkwood - Bexley PFI contract expected before year end (September 2002)

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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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