Secondary Recommendation

Parkdean - Gears up for more acquisitions

June 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.

Following our April write-up on UK holiday parks operator, Parkdean we met with its managing director, John Waterworth, fresh from unveiling Parkdean's first acquisition since its flotation last May. Parkdean's plan is to "buy and build" a portfolio of holiday parks and the acquisition of Sea Acres and White Acres, for Â£13.1m last month, was a good start, particularly as they were bought at the end of the low season, which will give the 2003 results a big boost. Waterworth knows the industry backwards and has a stronggrasp of the fundamentals. For example, he points out that thegrowth in the number of people taking second or third holidays inholiday parks is driven partly by new laws giving part time w ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Parkdean - Gears up for more acquisitions

June 2003

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