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Parkwood - Bexley PFI contract expected before year end

September 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
In the six months ended June, largely as a result of lower interestpayments, profit before tax and earnings increased 16% to £0.51m and2.11p, respectively. Turnover was up 6% to £21.7m. Sales in Parkwood’s managed services business, which provides arange of leisure facilities management,  grounds management andtree care services grew just 2% to £19.2m with a slight improvement inprofitability. This was offset by healthcare, which supplies agencyhealth care staff and outsourced ambulance services, reverting to aloss of £74,000 despite sales up 40% to £2.4m. On the surface theselook less than inspiring results. The disappointment in operating margin which was flat at 2.9% isaccounted for by Private Finance Initiat ...

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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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