Parkwood Holdings Share Discussion Threads

[bench2] 11/3/2010 17:25

Are you having difficulty closing your short diku?

[diku] 11/3/2010 15:12

So the stock goes ex divi before the results...cart before the horse!!...more like trying to support the share price...

[taffee] 11/3/2010 14:20

my thoughts exactly...I think its an upfront statement

I think

1/problems solved
2/order book up susstantially
3/positive outlook

At the end of the day with a market cap of under £5 mill it wouldn't take much to double this.
I feel that the payment of a dividend must mean pkw is profitable again

[bench2] 11/3/2010 13:50

Riveting stuff. This gives Hewitt a quick £133,000 net div at favourable tax rates . This should be bullish as the coy's banks would probably have vetoed this if the outlook and cash generation were not looking positive . I agree with ikn not an obvious area for councils to cut . Co very attractive to a larger group : Serco , capita , connaught etc if Hewitt wants to sell . Maybe worth a punt in front of the figures ? Any views ?

[taffee] 11/3/2010 10:09

paying a dividend?...cannot be doing so badley imo...fair punt at 25p...spoke to pkw this morning...seems like business as usual and things sorted

I have been a member of parkwood leisure for 4 years with no problems at all.

[its the oxman] 08/3/2010 09:48

what you say has merit but my worries are the difficulty in access to finance they talk about in last results - halt in div - and the lack of current profitability - have invested here in the past but happy to sit this out until future prospects become clear.

[ikn] 08/3/2010 09:40

Just thinking out loud...
Councils are making cut backs, so some drop in revenue is expected. I'd think services like park maintenance are core, access to public parks is a right so parks have to be maintained if only from a health and safety issue.
Council run leisure centres would also be in demand as consumers trade down from more expensive private gyms.
Parkwood debt is an issue but current share price discounts this and last results showed positive cash generated.
If Parkwood gets shifted to the AIM then there maybe more short term selling pressure from ISA holders and possibly some funds but most large holders would not by affected.
So just my opinion, but Parkwood seems oversold.

[its the oxman] 08/3/2010 09:17

why the nose dive in price to almost 20p - things gone from bad to worse?

[taffee] 01/9/2009 07:57

doubt this will stay listed imo....real disappointment.....

[its the oxman] 30/8/2009 23:41

really sad to see - would not be surprised to see this go sub 20p and revist 1999/2000 levels - should be producing 2-3m profit but not happening and div gone - brave could buy but why? so many other cheap stocks around. lets hope management get a grip on the business as should be decent potential here if you hang around long enough.

[taffee] 20/4/2009 07:46

where have you all gone!.....darling says its all okay now!

[taffee] 26/3/2009 07:20

across the board to be fair....think ceos have given up imo(in supporting sp)

[milesn] 25/3/2009 11:43

Taffee - You were spot on with your price estimate. Didnt expect it to sink so far so fast though! What also seems strange is Mr Hewitts seeming total disinterest in the disastrous share price performance - partic given his huge vested interest!

[taffee] 25/3/2009 11:37

quite few bombed out small caps ticking up..not surprising though the valuations are appalling

[taffee] 04/2/2009 11:28

based on the valuations across the market 30-35p looks on the cards

trouble with parkwood is its going no-where fast and never has

plenty of companies on 2-3 x earnings

[alexjames] 04/2/2009 01:00

there is no logical sequential theorising to the direction of this company. it will only lead to one's early demise, dribbling unconrollably on its mindblowing incontinence.

instead, let's return to the Parkwood Boadroom saga, live by satellite ( or 1st of February) in Versailles, on a factfinding ' How green is Paris ' mission, including the counting of trees, John Deere racing, & teach yourself business French ( or is it just business)....and you can only waste £1m euros max!!! ......... that's per year of course.........

'oh sir terry! we've not issued a decree to the peasants for eight months! what cake have we left? maybe we should wait till the 14th 'cause they're all a load of Bastille's up there in the City!'

'unfortunately your Grace, there has been much unrest in Golf & Country this year. we have encountered a total lack of drive & morale is severely Hort.i've been a game keeper of the truth these dark days but there's nothing more i can poach! i've done my best to allay the bourgeois profit warning fears & the palace guards have repelled a recent price uprising!'

'It's no use my lord, they're massing at the gates!! they demand to know!!! i can no longer keep up this pretence & it's making me ill! No more should i rely on the figment of my imagination.

My estimates say at least 2.3 million, but it cannot be relied on!!! A Leisurely stroll took me to £3m, so where do all other avenues lead? ...a 1:5 downhill gradient that's continuing without impairment!! Goodwill is at an all time low & must be restated!!! we're living in EXCEPTIONAL times & our numbers have halved!! WE DON'T KNOW WHAT WE'RE DOING and they're screaming for our heads.................'

my guess is the figures will be what they will be. andrew holt's abilities will go unrewarded & past mistakes will go uncorrected. the quality of management will further decline & the city will remind King Tony a handsome dividend in critical times is unpallatable. He will oblige with a record vote!

''oh, and bye the way, my 54% head's staying firmly where it has always been (up my own a*se i hear you cry!). But you can have my Finance Director's as i have no further use for him.''

Un petit cadeau pour toutes Les Bastilles, n'est ce pas?!!'

Au revoir

[davidbrew] 14/1/2009 08:53

Is the market factoring in a lower profit as the weakening of sterling is going to affect the cost of buying plants from Europe within their Coblands division - they made comments in the last results about the adverse currency and it has since fallen a further 20%!

The leisure contracts they manage are based on a management fee after they keep the revenue generated - in this recession perhaps membership and use is going to reduce and the most profitable division could take a serious hit?

The most speculative reason for the share price fall - are they going to buy Fountain the aim listed company is in financial difficulties and has been in discussions with 3rd parties. Hewitt knew Barry Gamble ousted Chairman and founder of Fountains they being contemporaries. Parkwood may want to expand the green division into Forestry which is Hewitt's background and they would need to launch a rights issue or raise debt to fund big deal. The Grounds side of Fountains would also sit well with Glendale.

I had a large holding (for me) but reduced as needed the cash for another project in the late summer and now considering going back in but at what level will it find support - I thought £0.70p but below this now and next stop £0.60?

Would be interested to have the views of others

[rivaldo] 13/1/2009 15:37

Not a holder anymore, but interested to know people's views here - I thought the price woulh hold up better than this. Are sellers factoring in a slowdown/budget cuts in local authority and infrastructure spending perhaps?

[noli] 10/1/2009 11:25

Any chartists around, what would be a good buying point, i am no chartist but would say 59p ish.

[milesn] 30/10/2008 10:40

Does anyone still look at this one? Price has drifted a lot. Looks pretty cheap.

[deadly] 28/8/2008 14:15

excellent stuff and such an increase in the order book in these gloomy times is indeed heartwarming.

[dpmcq] 28/8/2008 07:35

Great set of results!


Parkwood Interim Results


Parkwood Holdings plc

28 August 2008

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2008

Parkwood Holdings plc, the support services group, is pleased to announce its
interim results for the 6 months ended 30 June 2008.

Financial highlights:

* Revenues rose by 20.1% to £61.5m (2007: £51.2m)

* Operating profit increased by 70.1% to £2.33m (2007: £1.37m)

* Profits before tax rose by 15.2% to £1.21m (2007: £1.05m)

* Earnings per share increased to 4.7p, up 30.6% from last year (2007: 3.6p)

* Proposed dividend of 1.5p (2007: 1.3p) payable to shareholders on 3 October
2008

* Group order book increased by 24% to £531m (2007: £429m)

Operating highlights:

* New Leisure management contracts at Portsmouth and Cherwell under DBOM
arrangements

* Preferred bidder status on Bristol City Council Leisure PFI Project

* LINk Contract awards for Parkwood Healthcare in Lewisham and Harrow

Tony Hewitt, Executive Chairman of Parkwood Holdings, commented:

"Our blue-chip order book and index-linked contracts, which account for in
excess of 85% of revenue, provide a degree of certainty for the future
performance of the Group".

[thickasmince] 03/8/2008 23:41

I wonder if this was the DBOM they said they won in the trading update? More good links Rik

[rik shaw] 26/7/2008 18:54

May be of interest:

[thickasmince] 16/7/2008 00:04

Peter, I'm also a modest holder, have been for some years now but I still feel they are going to take this private at some point. Just hope it's not on the cheap.