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Parkwood - Order book now £154m

April 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
As we half suspected, Parkwood beat its forecast for the year ended December 2001.  Pretax profit was £1.45m on sales up 8% to £40.9m,while earnings came in at 5.3p.  No more news on new PFI contracts to report, but the order book is still up from £132m in June to £154m now, reflecting those new wins in January. Parkwood operates through two divisions, the largest being  Glendale Managed Services.  Glendale runs two operations, predominantly for local authority clients,  comprising grounds management, such asamenity horticulture services and  the management of leisure centre facilities.Broker, Beeson Gregory, has left forecasts unchanged for now,  at 5.5p and 6.1p for 2002 and 2003.  The broker believes  that there remains a yawni ...

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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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