Updates

Parkwood - Makes a very cheap acquisition

May 2004

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 finally announced a reasonably significant acquisition. It is buying CCL Leisure, a business involved in the management of leisure facilities for local authorities. The business being acquired made a pretax loss of £892,000 last year on turnover of £23.7m but CCL has recently been withdrawing from the market and seems to be really only interested in removing the liabilities of outstanding contracts, hence a relatively small consideration. Parkwood is only paying the value of the assets which will be less than £0.5m plus a further £0.1m in 12 month's time. But CCL's turnover will fall this year as a number of contracts have recently unwound whilst some others are lossmaking. Out of the 26 leisur ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

CeNeS - Nomura says 28p price is possible

Findel - Educational side recovers strongly

Parkwood - Moves into private fitness club sector (February 2007)

Parkwood (October 2006)

Parkwood - Positive trading update (August 2006)

Parkwood - Results ahead of forecast (April 2006)

Parkwood - Low rating for support services sector (March 2006)

Parkwood - Bullish on prospects (February 2005)

Parkwood (February 2004)

Parkwood (February 2003)

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

Parkwood - Joint venture to target local authority leisure PFIs (July 2002)

Parkwood - PFI start-dates are the key (April 2002)

Parkwood - Wins Bexley PPP contract (February 2002)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X