Parkwood Holdings Share Discussion Threads

[rivaldo] 15/5/2006 12:42

Yep. Coming back nicely now though, with a tight 2p spread.

[lfdkmp] 15/5/2006 10:01

A few canny individuals seeing through today's lack of discrimination and adding at bargain prices.MMs widened the spread. Always want it all ways don't they!

[rivaldo] 15/5/2006 09:10

Well, this is a laugh isn't it?! All buys, yet the MM's mark PKW down 2.5p after a major weekend tip.

Methinks the MM's are making mugs of a few panic sellers today around the markets.

[rivaldo] 14/5/2006 10:05

Happy to be of service GHF! PKW looks far too cheap imo. Should be a good start to the week for us with PKW, CHNS and FDP all being tipped this weekend.

[glasshalfull] 13/5/2006 22:37

rivaldo - Appreciated your diligence yesterday in finding the Peter Temple article and decided that the dip was too good an opportunity to miss when taking account of this news.
Had been on my watchlist (thanks to Tole) and I agree that the long term outlook looks excellent

Getting a bit boring having to thank you from thread to thread !
At least PGB repaid some of your efforts, but reckon I owe you a few more.

Thanks again.


Kind regards
GHF

[sheik yerbouti] 13/5/2006 15:06

Nice write-up. :o)

[rivaldo] 13/5/2006 07:17

Due to a slip of the finger on my previous post, here's today's FT tip. I can see why Peter Temple thinks PKW is a potential tripler (is that a two or three bagger then?) with the expanding order book and the prospects for the "green" Glendale division:



"Part of the proceeds from the Erinaceous disposal went into a new stock, Parkwood Holdings.

Based near Preston, not too far from where I live, this company is involved in managing parks, trees, open spaces and leisure centres for local authorities. It also provides an agency service to supply medical personnel to hospitals and nursing homes, and provides non-emergency transport facilities for patients.

Recent results were appreciably better than forecast, and the company is optimistic about prospects for 2006, having recently closed on a large new leisure contract and acquired a waste recycling and horticulture business.

I like businesses such as this one that do mundane and nderstandable things quietly and efficiently and generate solid cash flow in the process. In Parkwood's case, what is particularly interesting is a very low valuation in terms of price to sales and, if the company can maintain the margins it recorded last year, price to earnings.

It has some tough acts to follow in my portfolio. Most of my recent sales have been of stocks that have tripled in value while I owned them. I'm looking for Parkwood to do the same."

[diogenesj] 12/5/2006 23:15

Could be, Mr T - but you won't know if it is significant until it makes a lower low, and by then it may be too late. At the moment, I'd call it more of a wobble. :-)

[mistertibbs] 12/5/2006 22:43

I've never really entertained charting BUT, is that a lower high reached and the old chartists reacting to that?

[diogenesj] 12/5/2006 17:42

Thanks for that, rivaldo. Should help a bit. I'm not buying anything for the moment - but I already have some of these. :-)

[edmundshaw] 12/5/2006 15:54

Thanks for sharing that Rivaldo.

I have added to my holding on the unexpected dip today. Very comfortable with that!

[tole] 12/5/2006 15:35

Excellent spot.

[rivaldo] 12/5/2006 14:56

DJ, SCSW said it was down to slightly higher utility costs! OK, these will have increased, but (as SCSW said) given all the other factors these forecasts are surely too low.

Brewin's were only appointed in February. It seems to me that they've deliberately lowballed, so that they can leave themselves room for upgrades and will look good when forecasts are beaten.

EDIT - to be reposted tomorrow

[diogenesj] 12/5/2006 14:23

Hmm, rather disappointing forecasts. Has anyone got the full note? It would be interesting to see their reasons.

[sheik yerbouti] 12/5/2006 13:47

Yes, difficult to see why Brewin are being so cautious, especially as last years forecasts were absolutely smashed by a large margin.

[nickjoseph] 11/5/2006 09:41

Yes you are right IanDippie. They obviously do not know how to get more business and interest new punters into their stocks. If maybe they had experienced this and sat on the sidelines maybe they could see it from our side. Another disgruntled trader!!

[Abuse team] 09/5/2006 23:21

Post removed by ADVFN

[rivaldo] 09/5/2006 22:54

It is an impressive read. Glendale is only one of PKW's businesses, and it's been strengthened in late 2005 with additional management - and being positioned in the "green" sector the Business Review points out it's actually ideally placed to pick up business at a faster rate than other parts of the business.

On the current single-figure P/E, and with such a huge order book and secured revenue streams, I can't believe there's not serious upside here. Last time I believed PKW was this undervalued I made 30%-40% up to the 50p's from memory - I believe the same undervaluation prevails now.

[scumdog] 09/5/2006 17:47

I took a look at Parkwood a couple of weeks ago but have desisted from taking a stake. Main reason was the competitive pressures in Glendale.
The Annual Report for 2005 is an excellent publication and well worth a read.

[rivaldo] 09/5/2006 15:56

And the P/E of 9 is for this year - it's not even a forward P/E!

PKW are safely tucked away in my ISAs awaiting further SCSW coverage or a re-rating to a P/E of, oooh, the giddy heights of 12 or 13.

[nickjoseph] 09/5/2006 09:44

You boys certainly know what you are talking about. I bought these a couple of months ago and knew I had to be patient on this one. Good long term growth now looks more certain. Old Slaters peg system still working.

[edmundshaw] 09/5/2006 08:56

One of the things I like about growing companies with acquisitions or development that won't kick in for a year or two is the insurance that future earnings give to one's invesment.

To get that on a prospective PE of 9 is almost enough to make me smile ;-]

[gucci] 09/5/2006 08:17

onwards and upwards
yeS!!!