Financial Services Industry
Industry: Email Alert RSS FeedPARK GROUP (pkg).
Investors Chronicle, December, 2004
Park's founder and chairman, Peter Johnson, has put the company up for sale. He is asking for bids for his 74 per cent shareholding now that Park has disposed of its last non-core business - marketing services. If losses from discontinued operations are ignored, last year's profits went up from GBP3.84m to GBP4.7m, thanks to strong sales of high-street gift vouchers. In September, Mr Johnson reported that trading was buoyant and, at that time, brokers expected profits of GBP5.5m. Interim results due today (3 December).
EPS of 2.5p gives a modest PE ratio. If Park stays public, it should move to Aim.
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