Share Name Share Symbol Market Type Share ISIN Share Description
Parity LSE:PTY London Ordinary Share GB00B1235860 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -2.78% 8.75p 8.50p 9.00p 9.00p 8.75p 9.00p 152,760 12:25:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 91.8 1.0 0.9 10.1 8.91

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Date Time Title Posts
14/12/201709:09Parity - A New Beginning6,210
05/12/201713:53Parity - contractors working on BLOCKCHAIN tech2
31/12/201411:36Parity - 2015 the year of wearable technology11
20/3/200617:05Golden cross and renaissance for Parity10
15/9/200420:34Parity - large dump at 7p37

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Parity Group (PTY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:25:078.7535,1943,079.48O
12:13:178.5020,0001,700.00O
11:21:188.5087,5667,443.11O
08:46:198.7810,000878.11O
2017-12-13 17:11:529.00120,00010,800.00O
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Parity Group (PTY) Top Chat Posts

DateSubject
14/12/2017
08:20
Parity Group Daily Update: Parity is listed in the Software & Computer Services sector of the London Stock Exchange with ticker PTY. The last closing price for Parity Group was 9p.
Parity has a 4 week average price of 7.25p and a 12 week average price of 7.25p.
The 1 year high share price is 13.25p while the 1 year low share price is currently 7.25p.
There are currently 101,824,020 shares in issue and the average daily traded volume is 240,422 shares. The market capitalisation of Parity is £8,909,601.75.
28/11/2017
15:39
thorne3: If the announcement includes information on the disposal of Inition for anything like a reasonable sum-don't ask me how much that might be- it would certainly be something to look forward to.The removal of uncertainty on this issue would enable the company to move forward and would most certainly impact the share price favourably.
19/10/2017
09:06
malcontent: I've been waiting an age for the turnaround in fortunes of this company to be reflected in the share price- it could yet be another 6-12 months even. I'm confidant it will happen, so I hold in the "bottom drawer" But the opportunity cost hurts me - I could have this money invested elsewhere and have come back to buy at any time over the last year I find the timing of the "re-rates" is often baffling for me ,as an amateur investor, to fathom that's why I hold a diversified portfolio- so I don't get too twitchy If a company is heading in the right direction, you will make some money......eventually
20/9/2017
18:47
glasshalfull: PTY Courtesy to declare I've been a buyer of Parity over recent sessions following the strong H1 results they delivered last week. On a prospective single digit PER of 7.8 for 2017, with forecast double digit earnings growth, strong cashflow & improving operating margins through focus on Consultancy Services that is growing strongly. Share price has failed to react to the improving picture with a low price of 9.13p and high of 12.88p during 2017 in comparison to the current price of 10.13p Checked back & pleased to see kemche here who I'd the pleasure of corresponding with over on the APC thread & chrisdgb, where we share an interest in TAVI. Background Parity has been on my watchlist since the 2016 Full Year results were released in March 2017. This highlighted a turnaround in the business with the company generating £3.4m cash & reducing net debt by £3m (from £7.4m in 2015 to £4.4m). PTY also achieved PBT of £1m (vs. £3.3m loss 2016). Importantly the company had removed £1m of costs from the business & highlighted growth of 30% in their higher margin Consultancy Services. This resulted in operating margins increasing to 1.9% from 1.2% the previous year. H1 2017 Results These highlighted further progress with Parity generating a further £2.16m cash in H1 & net debt falling from £4.4m to £2.3m. That's a reduction of £5.1m net debt in the last 18 months. EPS for H1 2017 was 0.62p (vs. 0.23p H1 2016) & PBT came in at £0.68m (vs. £0.28m H1 2016) on continuing operations. Again, Consultancy Services was the engine of growth with revenue +48% although margins were held back as they invested £300k-£400k through an increased sales headcount & requirement to utilise contractors on new projects. To place this in context, the current market cap @10.13p is only £10.1m & WH Ireland have adj. PBT of £1.6m pencilled in for 2017, growing +18% to £1.9m in 2018. This equates to 2017 adj. EPS of 1.3p this year, growing +15% to 1.5p in 2018. The discontinued business Inition, has been up for sale since Dec 2016 & shows on the balance sheet with net assets of £1.9m. Sale anywhere in this ballpark would wipe out net debt entirely, although the performance of the group hasn't been too shabby in reducing debt by £5.1m in the last 18 months as highlighted above. Conclusion It looks good value to me on a prospective PER of 7.8 for 2017, falling to PER of 6.8 in 2018 especially with the H1 2017 results indicating that the positive momentum was continuing with over 50 new client wins across the business & extension of a major contract with the MoD since the period end. They have also been awarded positions on major frameworks such as Digital Outcomes & G-Cloud for consultancy services. Parity has also been throwing off cash & are currently forecast to end 2019 with £2.5m net cash before any proceeds from the sale of Inition. That's some improvement on a net debt position of £7.4m at the end of 2015. WH Ireland have also indicated that the pipelines in both divisions cover revenue forecasts for 2017, mitigating risk somewhat. They retain a 17.5p target price. Please DYOR. Kind regards, GHF
01/11/2016
12:25
thorne3: I do not believe there will be any dividends in the foreseeable future however the upwards only share price action will more than compensate.The obvious reason for any dividend deferrment is that borrowings will need to be reduced and additional business financed.The Directors' share purchases not to mention the options agreed in September point to a wealth of good fortune to emerge over the next few months/years.Do not underestimate the impact that David Firth the newly appointed Non Exec. who used to be Fd. of Parity will have on the business.David recently sold a similar business to Parity to Adecco of Switzerland and will not be lacking in ambition for the future of Parity.
08/9/2016
11:21
thorne3: An excellent set of figures;I understand that the company will now be making presentations to the market place which should cause the share price to move ahead.I agree with Dusseldorf that 25/30p seems well on the cards a couple of years out.
13/8/2016
16:41
thorne3: I would estimate ebitda of £1.25m and a share price of 12p post the figures;the excitement is about to begin.
02/8/2016
10:16
rubberbullets: This has no working capital to expand. And the share price is slip sliding away reminds me of a song https://www.youtube.com/watch?v=5_H-LY4Jb2M
01/8/2016
14:28
rubberbullets: Curry kid, Will we get rns soon...The company knows of no reason for the share price rise....Arrgggggghhhh 5p lol
24/6/2016
13:58
rubberbullets: no, bad news cos overseas contractors will leave why the share price is new low imho pension hole wont be filled with rediuced cash flows target is sub 2p
04/5/2016
15:40
thorne3: More than likely that the share price is being managed in anticipation of the finalisation of a share incentivisation scheme for the newly appointed directors.All should be clarified at the AGM on May 31st.
Parity Group share price data is direct from the London Stock Exchange
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