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Parkwood

October 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
Following  investment in building its pipeline of new salesopportunities, Parkwood’s underlying operating profits rose just 7% to£0.65m, for the six months to June, on a 6% increase in turnover to£21.7m.  However, pretax profit increased 17% to £0.51m thanks toa lower interest charge.  One of the key reasons we recommendedParkwood last October was its increasing ability to win long-term PFIcontracts.  It now boasts three, of which the first, the operationof the Animal Defence Centre at Melton Mowbray (worth £2m sales a yearfor 25 years) started in January. The second at Sefton (worth £0.75mannually) will start from February next year, while the third,management of a joint use leisure facilities at Mulberry Scho ...

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Related Articles

Parkwood - £166m order book (March 2003)
Parkwood - Third PFI contract wim (August 2002)
Parkwood - Order book now £154m (April 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.

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