Parity Group Live Discussion

Ripley94 05 Nov 2018

buying tommorrow PTY… XXXX August 2013… 5 years on

thirty fifty twenty 26 Apr 2018

at 12p MAJOR chart break out there is an excellent write up on ADVFN on PTY,but a very experienced, successful and respected small cap investor.he covers the issues in a very balanced and accurate way,and has recently become a big shareholder.PTY are presenting at an investor conference todayand this has no doubt caused the price to rise today.significantly this has now created a MAJOR chart break out > 12p.the upside from here is very sifnificant on the chart, with little resistance,and on a fundamental basis profits forecasts are for EPS of >2.2pso a growth business, with high margins, recent big client wins and with great CASH flow record could easily justify a P/E of mid teens ie.. c.30p+All IMH, DYOR + BoLPTY is in my top5 hldgs

thirty fifty twenty 23 Apr 2018

at 11.6p coming together on volume a loss making subsidiary sold,and WHI release a note valuing PTY at 18p.recent volume indicates that new buyers coming on board in scale.chart looks excellent base to rise from here.Seems reasonably obvious that with shares tightly held if they do start to rise it will be steady up as new investors will be n for the long term and not traders.all said it is still a small cap and involves some riskAll MHO, DYOR + BoLPTY is in my top5 hldgs

thirty fifty twenty 10 Apr 2018

at 11.6p great results and CASH flow much stronger results than i'd expected.the consultancy division is booming and there are longer term strategic opportunities.these results are also artificially lower due to the timing effect of the new IS 35 legislation which will not impact next year.EBIDTA of 3.5m likely this year and debt will be eliminated from Cash FLOW and disposal . pension is down to 1m as well.i'd have thought with c.2.8p earnings that a share price of 20p / MV of 20m is more realistic. There are of coruse risks with such a small business so not for w&o but good risk reward on a 3 year view for me.ALL IMHO, DYOR + BoLPTY is in my portoflio

thirty fifty twenty 23 Mar 2018

at 12p - good contract updae and chart i think the RNS was missed yesterday in the market turmoilbut it seemed to be exellent contract wins in both divisions.this looks like the new mgt will have delivered 5 years of growth and CASH their client list is very high calibre so this must help them sell to other businessesand thus with a fair wind the level of profitability could increase uite quickly here current forecast have EBITDA of 3m for next yearbut quite possible to see 4m for the year afterdebt at that time will be eliminated and be a net CASH positionso all seems too cheap for 12m MV and a good 5 year track recordi think Simon T follows the stock so its possible for some more publiciyt in the near future and i think Shares mag has also cvoered . All IMHO, DYOR + BoLPTY is in my portoflio

IOMINVESTCOM 22 Mar 2018

Re: Awarded new Managed Service Contract by ... (ShareCast News) - Parity announced the award of a recruitment managed services contract with Primark Stores on Thursday, which began on 21 March and under which Parity Professionals would provide all of the fashion retailer's contract and interim IT staff.The AIM-traded firm said Primark Stores - an international retailer, part of Associated British Foods - was undertaking "rapid expansion" in overseas markets.Operating more than 320 stores in Europe and America required "significant investment" in the redevelopment of its IT systems from offices in the UK and Ireland, which Parity said necessitated the need for a supplier which could deliver to the increased demands placed on the Primark IT team.Alongside the new client award, Parity said it had also secured key contract extensions for Parity Consultancy Services post period end with the Ministry of Defence in relation to the Military Capability Output Costing System.It also won contract extensions from British American Tobacco, and the Education and Skills Funding Agency.The company's board said the awards provided "encouraging visibility" to its order book, helping to underwrite expectations for group growth with a total opportunity of £5.3m in the year for Parity Consultancy Services, and estimated revenues in the region of £20-25m over a three-year period for Parity Professionals."I am delighted with Primark's decision to choose Parity as their managed service partner for IT resources," said Parity CEO Alan Rommel."These awards, completed so far in 2018, demonstrate the flexibility and quality of our service, and create a fantastic platform for growth in both our staffing and consultancy businesses through the remainder of 2018 and beyond."Andy Foskett, managing director of Parity Professionals, added that he was "extremely pleased" with the positive step for Parity Professionals, partnering with a well-established brand during a period of expansion."Primark is a welcome addition to recent awards in the private and public sector, adding to our success on the CCS Digital Outcomes and Specialists and Scottish Government DPS frameworks."

IOMINVESTCOM 22 Mar 2018

Awarded new Managed Service Contract by Primark 22 March 2018Parity Group plc ("Parity "or the "Group"Parity Professionals awarded new Managed Service Contract by PrimarkParity Consultancy Services has secured Contract Extensions with MoD, BAT and ESFAThis announcement contains information which, prior to its disclosure by this announcement, was inside information for the purposes of the Market Abuse RegulationParity is pleased to announce the award of a recruitment Managed Service contract with Primark Stores Limited, which commenced on 21 March 2018, under which Parity Professionals will provide all of their contract and interim IT staff.Primark Stores Limited is a global fashion retailer, part of the ABF Group, and is undertaking rapid expansion in overseas markets. Operating over 320 stores across Europe and America has required significant investment in the redevelopment of their IT systems from their offices in the UK and Ireland, necessitating the need for a supplier who can deliver to the increased demands placed on the Primark IT team.Alongside this new client award, we have also secured key contract extensions for Parity Consultancy Services, completed post-period end, with the MoD in relation to Military Capability Output Costing System (MCOCS), British American Tobacco (BAT), and the Education and Skills Funding Agency (ESFA).These awards provide encouraging visibility of the order book, helping to underwrite expectations for Group growth with a total opportunity of GBP5.3m in the year for Parity Consultancy Services, and estimated revenues in the region of GBP20-25m over a 3 year period for Parity Professionals.Alan Rommel, CEO, commented:"I am delighted with Primark's decision to choose Parity as their Managed Service Partner for IT Resources.These awards, completed so far in 2018, demonstrate the flexibility and quality of our service, and create a fantastic platform for growth in both our staffing and consultancy businesses through the remainder of 2018 and beyond."Andy Foskett, Managing Director of Parity Professionals, commented:I am extremely pleased with this positive step for Parity Professionals, partnering with such a well-established brand during this exciting period of expansion. Primark is a welcome addition to recent awards in the Private and Public Sector, adding to our success on the CCS Digital Outcomes and Specialists and Scottish Government DPS frameworks.Notice of Results:Final results for the year ended 31 December 2017 are expected to be released on 10 April 2018.

IOMINVESTCOM 13 Dec 2017

Trading Update Parity Group plc ("Parity "or the "Group"Trading UpdateAhead of expectations- Strong momentum in Consulting Services and framework success Parity (AIMTY), the technology focussed consultancy and staffing business, today announces the following trading update in respect of its financial year ending 31 December 2017. The Board is pleased to report that Group operating profit on continuing operations for the year ending 31 December 2017 is now expected to be slightly ahead of its original expectations. Overall, we expect full-year underlying Operating Profit to show double digit growth over FY 2016, and to be cash generating. This reflects encouraging progress in our stated strategy of building our higher margin Parity Consultancy Services division, with continued momentum in the second half following the improvement in business mix reported in our interim results on the 14th September 2017. In addition, against a backdrop of an unsettled UK economy with Brexit, Parity is pleased to report that contractor volumes within its Parity Professionals division have largely recovered to levels seen prior to the Public Sector IR35 taxation reforms. In the period, Parity has seen success with contract extensions including those with British American Tobacco, MoD MCOCS, the outsource of the FastStream graduate recruitment process and all key Public Sector frameworks for our services. In addition, we are pleased with the progress in developing our pipeline in new public and private sector bids. Alan Rommel, CEO, commented: "Through the year we have taken steps to align our core divisions more effectively with an increased focus on both technology consultancy and digital transformation recruitment services. This strategic focus is driving a rebalancing of the business and we are delighted that our higher margin Consultancy Services is performing ahead of Board expectations in the second half. "This marks the fourth consecutive reporting period of comparative operating profit improvement resulting from our improved mix, whilst our cash generation has seen the Group reduce net debt by £5.2m over the 18 months from £7.5m as at 31 December 2015 to £2.3m as at 30 June 2017. "We see significant opportunities for the Group and, with the benefit of an improving balance sheet, we plan to continue to invest during 2018 to accelerate growth in target markets for our Consultancy Services division in order to further enhance profitability, cash generation and shareholder value."

BOWOOD 18 Nov 2017

Broker Note I see WH Ireland have a target price of 17.5p in their September note which adds further to a buy at current levels.

BOWOOD 17 Nov 2017

Buying Seems to be a bit of interest so perhaps there will be a tick up closer to 11p where I feel it should be.

BOWOOD 16 Nov 2017

Update For the last couple of years or so we have had an update in early December (Pre close). In view of the very bullish interim report are there any thoughts on what to expect. Also the share price seems to have drifted and is perhaps oversold. Any thoughts?

Ripley94 31 Oct 2017

Re: Questor: All things being equal, slip in... Big fall here lately i see it was once a favorite of Zula principle 2.You still in Zula.I see hes not posted anywhere since August.Interesting link article Andrew Mould .

thirty fifty twenty 14 Sep 2017

at 10p good cash flow in results I've not looked at in detail but results seem as expected.good progress in consultancy and more importantly GREAT cash flow.debt is now down to 2m which should be c.1 times ebitda,and there is still the sale proceeds from third division to help,pension deficit was always fairly contained given structure of schemebut recent announcements from others would indicate a reduced deficit.so all in all these guys should be on a market average rating for their size.- there is more to prove before could reasonably go onto a premium growth rating.eps is fcst at 1.2p this year and 1.5p next year. so a current price of 12p seems justified, with the potential to growth further to 15p next year,and higher if they gain traction....All IMHO, DYOR + BoLPTY is in my portoflio

IOMINVESTCOM 26 Jul 2017

Questor: All things being equal, slip in Parity's share price looks like buying opportunity [link]

thirty fifty twenty 25 Jul 2017

at 12p - 1m traded in delayed reaction to results 1m shares traded today and the price responded wit a 20% rise to 12p.that takes it comfortably back above the rising 200d and confirms the company continued recovery (profits have risen for the last 5 or 6 years).All IMHO, DYOR + BoLPTY is in my portfolio