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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Parkdean - Funds in place for further acquisitions

February 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.

  • Epic Code:
  • PDH
Shares in Parkdean Holidays have broken into new highs following better than expected results and now stand 95p ahead of last April's tip.  Parkdean, whose strategy is to "buy and build" a portfolio of holiday parks across the UK, saw turnover grow 23% to £53.6m and generated a 162% increase in pretax profit to £9m, for earnings up 28% to 16.5p in the year ended 31 October. Parkdean makes its money in four ways:  holiday hire (renting out its own fleet of caravans), caravan sales, retail sales, and charging pitch fees to caravan owners.  The group has made 6 acquisitions in the last four years to expand its business to 14 holiday parks, with over 6,500pitches.  Further deals are on the cards, with ...

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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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