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Parkwood - Wins Bexley PPP contract

February 2002

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:
  • PKW
The shares soared over the month ahead of Parkwood announcing that Boxwood Leisure, a vehicle with which it was bidding jointly with partners, was preferred bidder for a leisure PPP contract for the London Borough of Bexley. Obviously, eagle eyed investors had spotted the announcement on the local authority website  days before Parkwood made its official one. Boxwood aims to roll out theleisure centre over the next three years at a total cost of £25m, withfunding provided by Barclays' PFI unit. Parkwood will operate thecentres for the following 30 years, with expected annual revenues of£5m being passed to it. Parkwood has also been awarded anotherleisure facility management contract in the North of England, wor ...

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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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