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Parkwood

April 2003

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.

Turnover in 2002 increased by 10% to £45.0m. whilst profit before taxation and goodwill was £1.42m against £1.45m the year before. Adjusted earnings were 5.2p. Order book at the period end was £166m, up7%. Net debt was £2m.    The managed services sidecomprising Glendale  (number three player in managing parks forlocal authorities) and  Parkwood Leisure (managing other leisurefacilities)  lifted sales from £37.1m to £38.7m. Operating profitrose from £2.08m to £2.47m. All the profit shortfall was in thehealthcare side which provides non emergency patient transport andoperates a three branch nursing agency. Sales lifted from £3.7m to £5mbut cost overruns (blamed on poor contract cos ...

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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.

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

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