Parkwood Holdings Share Discussion Threads

[taffee] 11/9/2007 07:10

not bad results...just not 'fab'.

noted that the 2008 order book is largely filled!and dividend increased.

surely worth more than 19 mill market cap?

[taffee] 11/9/2007 07:09

RNS Number:6217D
Parkwood Holdings PLC
11 September 2007


Parkwood Holdings plc

11 September 2007

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2007

Parkwood Holdings plc, the support services group, is pleased to announce its
interim results for the 6 months ended 30 June 2007.

Financial highlights:

* Revenues rose by 12% to #51.2m (2006: #45.7m)

* Operating profit increased by 27% to #1.45m (2006: #1.14m)

* Profits before tax rose by 3% to #1.05m (2006: #1.03m)

* Earnings per share increased to 3.6p, up 9% from last year (2006: 3.3p)

* Proposed dividend of 1.3p (2006: 1.1p) payable to shareholders on 12
October 2007

* Group order book increased by 12% to #429m (2006: #384m revised*)

Operating highlights:

* Purchase of the remaining equity and subordinated debt in the SPC
responsible for the MOD Defence Animal Centre at Melton Mowbray

* Refinancing of the Boxwood Leisure SPC was completed in early July
generating cash of #2.1m

* Formation of Verdia Horticulture with the signing of a joint venture
agreement with TEG Environmental plc

* The June 2006 order book has been restated in line with the method used to
calculate the position at the end of December 2006 and includes only contractual
income on existing contracts to a ten-year horizon.


Tony Hewitt, Executive Chairman of Parkwood Holdings, commented:

"Parkwood has had a successful six months in the period to 30 June 2007 with
good progress in both the Glendale and Parkwood Leisure divisions.

"Parkwood's performance remains in line with market expectations for the full
year when revenues are expected to exceed #100 million for the first time. Next
year's order book is already largely secured and this should result in almost
double-digit sales growth in 2008."

[poyntona] 06/9/2007 21:35

Are the results due out on Monday?

[zho] 03/8/2007 12:51

Coverage in Growth Company Investor a few days ago

[mavtt] 03/8/2007 12:50

Hope your right taffee just topped up a few more.

[mistertibbs] 03/8/2007 09:50

Was thinking that myself taffee. Does anyone else think we may end up in a marriage with TEG...or would that be a match made in the rubbish tip...I like the idea myself. Think they compliment each other.

[maxwellman] 31/7/2007 22:26

another rise today

[poyntona] 19/7/2007 20:55

55,000 shares bought at 110p today.

I wonder if the Chairman is buying again.

[steeff] 18/7/2007 21:20

Held these shares a couple of years ago, but sold out when they seemed to be making no headway. Have always compared them to Mears group, and reckon them to be a better buy at current EPS/PE ratio. Will at long last have funds available to get back in tomorrow!

[alexjames] 17/7/2007 12:26

saye scheme redemption date passed. mm's knew sale pending, artificially forced down share price

now they'll force share price up a little to make a few quid.

no underlying change in company prospects for 2007, just a bit more liquidity from refinancing of debt

[zipstuck] 17/7/2007 07:55

PFI Project Gearing is generally fixed interest against lease payments therfore the comment in the trading ststement amount increasing borrowing should be positive.

[penpont] 16/7/2007 22:22

I still think it's small selling in an uncertain market. Around 45k worth of shares were traded today, included among which look to be a few buys (most of these are reported on Plus -I added around 7.3k shares myself). Yet the price is marked down 5%. As with the other recent falls, it seems an over-reaction, and one to be taken advantage of.

They've already told us trading is OK, and a resolution of the long-running Healthcare side - possible anytime - could send these back up very quickly.

[joan of arc] 16/7/2007 18:05

I'd like to know why as well. These are down a massive 30% since their peak earlier in the year.

[shaunm] 16/7/2007 16:44

Why the drop today?

[penpont] 13/7/2007 13:58

I actually thought the recent statement left room for a full year improvement on current estimates. It was couched in much the same terms as last year's, which was in turn followed by an 'ahead' statement for the year end.

The present price looks crazily low - but the markets are very uncertain just now and it's not uncommon to see small caps marked 5% this way or that almost on a whim.

[taffee] 13/7/2007 13:07

just mms forcing out buyers...happens each year.....lot of m and a around so holding

[its the oxman] 13/7/2007 12:49

decent update so little reason for the share price fall - i reduced at higher levels but may buy more down here - perhaps those hoping for pkw to exceed forecasts have sold up. or a case of the summer blues - those with a bit of patience will be rewarded i guess.

[deadly] 11/7/2007 21:52

This market is in such a desperate state we might as well be in an economic depression.
It's not worthwhile issuing positive trading updates as the only reaction is to reduce the share price
This share is a bargain and will continue to do well in the long term, despite the market.

[taffee] 11/7/2007 07:27

trading update looks very positive....no problems there I feel.....at all

[brando69] 10/7/2007 01:08

JLP is worth a look

[mistertibbs] 09/7/2007 23:11

Best of luck max in this market

[maxwellman] 04/7/2007 22:54

thks MR Tibbs

[mistertibbs] 04/7/2007 14:03

I hold GFRD and CAR in my ISA. Despite current housing problems, more to gfrd than that, much more and a good trading statement the other day. Car sorting itself out good style and excellent results in June

It certainly is no tip, just stating my holdings maxwellman