Heres a summary
“Shares in Parkwood have enjoyed a strong run over the last few months on the back of broker forecast busting interim results and Chairman Tony Hewitt shelling out £170,000 to snap up shares at 70-80p, taking his total holding to 56.5% of the company.”
“Interim Results for the period ending 30th June make pleasant reading. Revenues rose by 17% to £45.7 million, operating profit grew by 37% to £1.14 million and profits before tax increased by 29% to £1.03 million. Earnings per share were also up 27% to 3.3p and the dividend was increased by 10% to 1.1p.”
“The group order book increased by an impressive 30% to £424 million,”
“Solid growth from Parkwood is nothing new, but the combination of sound growth, a bullish stock market, a strong UK economy and the Chairman buying stock is too much to ignore.”