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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Parkdean Holidays - Acquisitive caravan park owner

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.

UK holiday parks operator, Parkdean Holidays, is proving to be a solitary bright spark in a travel industry battered by war worries. Parkdean floated on AIM last May at 100p with a plan to "buy and build"a portfolio of holiday parks to benefit from economies of scale and marketing opportunities.   To chairman, Graham Wilson and managing director, John Waterworth, this challenge might  seem like an easy task given that they successfully performed a similar exercise at  Parkdean Leisure ten years ago.  The latter  was  another vehicle for buying holiday parks,   floated at 120p in October 1993 and made a tidy profit for its backers after Vardon PLC (itself now part of privately run Cannons) ...

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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.

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