Updates

Parkwood - Joint venture to target local authority leisure PFIs

July 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.

Parkwood has announced that through D4E Mulberry, a special purpose vehicle through which it was bidding jointly with partners, it has landed its third PFI contract for the building of Mulberry School in Tower Hamlets.The school will be built during the next two years with funding from Bank of Scotland. Parkwood's subsidiary, Glendale Managed Services, will take responsibility for facilities management at the school for the following 25 years, with expected annual revenues of Â£600,000 being passed to it. Parkwood has also announced that it has established Leisureplan, a 50:50 joint venture with Barclays European Infrastructure Fund, to target local authority leisure-based PFI projects. Leisureplan will aim to ...

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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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