Share Name Share Symbol Market Type Share ISIN Share Description
Parkdean Holidays LSE:PDH London Ordinary Share GB0031530750 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

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Date Time Title Posts
09/5/200609:38Parkdean Holidays716
26/6/200320:14wow- parkdeans like for likes up 11%4
19/4/200320:42Unbelieveable value - growth 97% - PE 1034
31/3/200313:56unbelieveably good value - PE 3.5, 3i backed venture5

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hamsterape: Common sense suggests that if there really are offers about other than Grainger the share price ought to reflect this, yet currently seems not to. In case any one wants it
chris townrow: Just recieved this! Sounds quite good, might buy some myself if they drop a bit more, say £1.80ish! Sorry if you have already seen it. Just come from Newquay Holiday Park and it's looking good, lots of punters and the staff are very positive! Chris ............... Buy Parkdean Holidays at 202p Says small cap expert, Bill Johnston of Parkdean Holidays (PDH) came to AIM in May 2002. It differed from the vast bulk of its fellow-quoted entities in the alternative market in terms of size and stability. It raised 23 million pounds at 100p, all of which was to repay borrowings. So, what paragon managed to borrow this kind of money, and for what? Step forward Graham Wilson, one-time supremo of Parkdean Leisure, an Official- List company formed by way of a management buyout of Beazer's holiday subsidiary, and subsequently sold at a keen profit to his backers. The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. is owned by Ltd which is authorised and regulated by the FSA and can be contacted at 49 Rivington St, London EC2A 3QB or on 0207 033 9389 And the answer to the second part of the question is that no doubt bored (he had quit the holiday scene when Rank subsequently acquired the interests for which he was responsible) Mr Wilson and his colleagues had started to purchase, or in some cases repurchase holiday parks throughout the United Kingdom, operating to such effect that in two years a round dozen had been collared, and more than 6,000 places brought under control. These well-established sites provide a range of facilities, self-catering accommodation in caravan parks, lodges, chalets, apartments, caravan or tent pitches, all cheek-by-jowl with leisure, entertainment and retailing facilities. The two years of operations had yielded a business with 35 million pounds of turnover at the pro-forma level, netting down to a post-tax 3 million pounds of profit. The major innovation was the concentration of sales and marketing activity, the integrated whole meant to generate internally-led expansion, buttressed by modern technology. Buying or building to add additional capacity to this central core is at the heart of strategy. Despite (or in some cases, because-of no doubt) the volume of summer traffic making its way to the hotter parts of the world, the popularity of the kind of leisure opportunities offered by Parkdean was rising, and a well-financed professional management team was expected to do well. Two years ago the company announced the acquisition of Pactrem, owner of two holiday parks in Cornwall. These cost 13 million pounds, 3 million pounds of which was deferred; of the remainder just under 2 million pounds in cash was complemented by a vendor placing of 7 million shares at 119p. A year later and the company brought its total number of parks to 15 by the purchase of Southerness Holiday Village in South-West Scotland, for 5.3 million pounds. Then in October last, five freehold holiday parks with a combined EBITDA of over 5 million pounds were added to the estate. That deal cost 42 million pounds, about half of which was funded by equity derived from a 200p placing, the rest through debt. So, a neat investment then, even if the October 2004 earnings per share figure did tail off, falling from 16.7p to 15.2p. But on release of the April interim statement, the downward graph in the share price since the start of the year vindicated the sellers, when the shares fell again - by 23p to 196.5p. It was not the loss, 9.6 million pounds against an equivalent 5.6 million pounds - for a half-yearly deficit is always inevitable, and there were those extra six parks to carry - but Mr Wilson's saying that the 2005 booking season is "as challenging as I can ever recall" that did the trick. Current like-for-like sales are down by 4.1%. I must say that it all looks a bit overdone to me. Overall sales are up by 27.5%. Some Parkdean customers have migrated to newly acquired sites. The board is of the opinion that peak capacity will be sold, even in Cornwall, where it looks as though the company now feels that it has too much exposure to the holiday-hire market. (By and large the caravan trade has been fine). One supposes that despite the increase in the size of the company, the 2005 earnings per share forecast of 17p will be missed. But by much? At the current share price that would have meant an 11.5-times earnings target. The board has declared an interim dividend of 2.8p per share, and if, say, the final total payout were to be 6.5p against 5.5p last time, that would give a 3% yield. Good companies do not become bad companies overnight nor do men that have spent their lives in building successful businesses suddenly lose the touch. The easy way to get into first-class investments without paying a stiff price is when they have a problem. Buy. Share price: 199 - 205p Stockmarket: AIM Symbol: PDH
lbo: For those who are worried about the trading! ;) 731 GMT [Dow Jones] Parkdean Holidays (PDH.LN) -10% at 197p following 1H results. Charles Stanley notes advance holiday hire bookings are currently 4.1% behind on an like-for-like basis and reflect a combination of factors, "but mainly the fall in consumer sentiment which has impacted bookings for the group's Cornwall parks in particular." Notes Parkdean is planning to move to a more balanced income mix in Cornwall (away from holiday hire towards owners), "and we expect the group to resume around 10% earnings growth in 2006 and beyond." Views any weakness in share price as a buying opportunity.
lbo: The majority of postings on valuation and views from institutions and todays IC article all point to this being a great long term buy despite what you say Chris! So my money goes with disrespect to you and of course you entitled to your opinion but I think your judgement may be a little clouded. Its a pity you feel so aggrieved but the tone of your postings really do lead me to believe that maybe your not the kind of person that Parkedean want to run one of their parks! Just a guess but you do seem to hold grudges when you dont get your way! Any way best of luck in your future endeavours and thanks for your advice on Parkdean but personally I think the rising share price, growing profits and dividends over the past 5 year speaks for how capable management have been and will continue to be over the coming years. I agree MT that the recent retracement offers an excellent level to gain entry to Parkdean and I set an end of year target of new highs above £2.70p
glennborthwick: good luck chris - had a lovely time at your site despite the weather - not sure I agree with regards the share price as the isntitutions seem to love it as to equity partners but only time will tell
08:10 Parkdean starting 2005 with 40% more pitches than in 2004. The five parks added at end of last season are bound to kick off with negative winter contribution, and delaying the 2005 brochure to ensure they are in it has cost them some early bookings across the board, but great that they have been able to show all 20 parks right from the star of the year, and bookings are now expected to very quickly wipe out that early shortfall. Nicely done Parkdean. Good to hit the ground running right from now, especially as Easter is early this year, and to have had to update brochures between now and then would have spoiled the impact. Share price had already climbed in anticipation, so no great surprise if profit-takers collect their winnings initially.
lynas: The signs seem pretty good for UK holidays. I ordered some equipment from Towsure who sell all manner of things for trailers, caravanning, camping, etc. After three weeks I have still not received my goods. When I phoned the rep said he was sorry but they had been overwhelmed by demand in recent weeks. Judging by the number of tents that appeared in North Wales last weekend every man and his dog has one, so it looks like the parks will do well this year. As also will the likes of Blacks, whose share price has been rising steadily.
currypasty: SW very busy for Easter, but not quite up to last years record, due to average weather, compared to last years scorcher! Looks like pdh price is easing slightly, perhaps getting back to 2003 average trendline.
01:14 8.4 is same as Sharescope show (source HS?) with eps at 15.76 Meanwhile, in the Sunday Herald; Weather helps Parkdean profits go hi-di-high By John Phelps Caravan parks operator Parkdean will celebrate its own cure for the mid-winter blues on Tuesday when directors are due to announce bumper early bookings for holidays at their site at Sundrum Castle in Ayr and three others in the Highlands. Those close to the company say that business has been particularly brisk on days when the wind and rain blasted down Sauchiehall Street and believe that total early bookings may now nudge the £2 million mark, virtually guaranteeing that the peak months of July and August will see filled capacity at all 14 of the group’s UK sites. News of the healthy start to the season should accompany the release of final statistics for the 2003 season when chairman Graham Wilson could surprise with news of a quantum leap in annual profits from £3.43m to around £8.65m, rather better than most forecasts. There are also hopes that the dividend could be hoisted from 2.5p to as much as 4.5p. Parkdean was tipped as one of our shares for the year at 182.5p only last week but has already pushed up to a record 204.5p. The results will be helped by last year’s scorching summer across much of the UK – but not to the extent that non-campers might expect. “Most people had already booked their holidays well in advance of the heat wave and it may actually have led to a drop in takings at some of the campsites as some holidaymakers took advantage of the weather to make outside trips to nearby coastal resorts or other attractions,” said one market commentator. “But there would have been very good business for soft drinks and ice creams and the weather may also have helped off-peak bookings. More importantly, it will have left campers with very positive thoughts about the whole experience and could lead to a boost to future bookings.” Although detailed figures are confidential, it is understood that Parkdean expects about 56,000 people to book into its Scottish sites this year, paying anything from around £150 a week for a caravan in the low season in March to about £600 during the school holidays in the summer. Despite the prospect of further record business this year, analysts warn that the group has incurred extra winter running costs as a result of its expansion and caution that profits may stand still in 2004. But their figures assume that the group’s ambitious directors will break the habit of a lifetime and ignore opportunities for further growth. That seems unlikely and the group has a war chest of around £33m available to fund future acquisitions and suitable organic growth projects. Some idea of the potential impact of future acquisitions can be gathered by last year’s £13.1m purchase of two camps in southwest England which are believed to have contributed up to £2.75m to the 2003 profit figures. Despite the recent jump in the share price, Parkdean still has a stock market value of only £80m and the shares remain an attractive investment. 11 January 2004
kellogs1: With the apparent elongation of British summer time year-on-year to mid-September, caravan park operator Parkdean Holidays is similarly able to extend its own season. With its parks fully booked over the peak summer season, any extension of that main season is good news for shareholders. A recent trading statement showed this is becoming a reality. Sparked by an analyst site visit to acquisitions in the West Country, the trading statement said that like-for-like holiday hire revenue is up 14.3% on 2002. Parkdean’s two most recent acquisitions, Sea Acres and White Acres, are also said to be performing well. Acquisitions are a major part of the company’s growth strategy, and it has potential to expand from its current 14 park base. It can do this in two ways. Firstly through acquiring additional land next to existing sites, and obtaining planning permission to expand the number of available pitches. Or it can buy existing parks wholesale, and take out owner-operators, buying a handful of sites at a time. This may seem time consuming, but ensures Parkdean is not landed with under-performing sites. It also means it is unlikely to overpay. The company has a debt-based acquisition facility of £32.9 million to fund acquisitions, and gained planning consent to develop 70 new pitches in Newquay, ready for the 2004 season. Interim results in June for the half year to April showed a reduced pre-tax loss of £3.8 million, expected as the winter months are the quieter half of the year. The final results for the year to October – due out in January – should show a healthy profit. Analyst Paul Hickman at KBC Peel Hunt is forecasting a pre-tax profit of £8.3 million, giving earnings per share (EPS) of 15.5p. Parkdean was a Small Shares Play last October (24 Oct ’02) at 94.5p and its shares have almost doubled since. That does not mean that they are not worth buying any more. Analyst Paul Leyland at broker Seymour Pierce believes the recent statement was very robust, saying that the company has little capacity to disappoint. Leyland adds that the share price performance will be driven by acquisitions, which in turn should drive EPS growth. This could be negatively affected if investors begin to switch into cyclical leisure stocks. ‘If that happens, Parkdean could begin to look a bit boring,’ he adds, saying that the shares are unlikely to collapse given the company’s solid fan base. Shares Summary Much of the value of Parkdean’s share price has been taken out over the past 12 months, but for investors new to the stock, it is worth to tuck it away and leave to mature. KBC’s Paul Hickman has set a target price of 200p and this could be easily reached this year. Also, the forecast yield is fair for a company that has only been listed since May 2002. BUSINESS: Caravan park operator Vital stats: Market capitalisation: £54 million Historic PE: 13.5 Prospective PE: 11.3 Dividend yield: 2.5% this article was in the shares magazine today.not the most exicting companies but a good solid investment i think.
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