Partway Share Discussion Threads

[push n run] 17/5/2018 22:44

And another big drop.

[dparker86] 14/5/2018 22:50

Seems likely it's just some profit taking considering it's hit 3yr highs and likely to find a little resistance at this level.

[pastybap] 14/5/2018 17:49

Could be related to the proposed Interquest and Servoca delistings causing some unease in microcap recruitment and people based businesses.

[insideryou] 14/5/2018 17:26

Large blocks of sells going through... Numbers i mean, nota great deal in value. Hope its not shorts opening with privilidged knowledge

[+eysenck] 14/5/2018 16:13

..I'd love to think its the last of Swinstead's holding.

[smithie6] 14/5/2018 13:23

thanks

& I looked & saw that last year a trading update was provided on AGM day

so probably the same this year

ie. 24th May

---

something upset the share price !
any guesses ??

[leoboy] 14/5/2018 13:20

Smithie6 :


Parity (AIM: PTY) confirms that it has posted to shareholders its Annual Report and Accounts for the year ended 31 December 2017, which includes a Notice of Meeting and accompanying Form of Proxy for the Group's Annual General Meeting, to be held at 10.00am on 24 May 2018 at Pinsent Masons LLP, 30 Crown Place, Earl Street, London, EC2A 4ES.

The Annual Report and Accounts are now available to be viewed on the Group's website at

[smithie6] 14/5/2018 13:14

when is the AGM ?

[thorne3] 11/5/2018 12:42

When the completion of the disposal of Inition is announced,possibly at the forthcoming AGM if not before,there will be significant interest in this stock with the share price moving up towards 20p.

[smithie6] 09/5/2018 15:21

lovely jubbly

(prospective P/E of just 8 is very cheap with interest rates on deposited cash in a bank account being close to zero
P/E of 8 equals 12.5% intrinsic return)

(and noting that Techinvest are normally quite sparing with giving buy tips
...they more often give hold or strong hold tips for shares they like
..and use "buy" when they like a share quite a lot...)

[aishah] 09/5/2018 11:40

Techinvest retain their Buy rating (@13.45p):

"Broker WH Ireland has an 18.5p fair value metric for the shares and is forecasting a prospective P/E for the current year of just 8 on adjusted earnings per share of 1.7p. As the story continues to gather momentum and with an expression of confidence from management in the outlook for the current year, we feel that the upward re-rating of the shares has further to run. Buy."

[insideryou] 08/5/2018 10:10

Nice momentum. Undervalued and now being recognised

[smithie6] 29/4/2018 15:23

disagree

300k and 514k

are matched trades
so they look like bed and sipp or bed and isa type trades

ie. someone keeping the shares but moving to an account to shelter from any future gain and CGT
and perhaps booking a CGT for any gain to now

positive signal imo

[nico115] 27/4/2018 17:26

Looks like a few prints bid side after hours ..sellers back in How many left ?

[smithie6] 27/4/2018 11:07

any chart readers ?

is the 4 year chart called a saucepan formation or something

was a down trend, long flattish region...& then climbing up from that flat region... ie. now, hopefully.. to start a long term up trend

& hopefully about to break up higher to achieve new ALH for these last 3-4 yrs

[deanmatlazin] 27/4/2018 10:58

This company has been recommended by SWSC couple of years ago. It was turning things around at the time and I wasn't prepared to buy it. The Debt is significantly reduce and will be debt free by next year. The profit will get better . Time to Buy.

[teamaccounting] 27/4/2018 10:32

Profit margin in consulting using perm staff is massive compared with buying in contract staff, but it comes with risk, you carry fixed costs - if their time cant be billed out then ...

[kemche] 27/4/2018 10:00

I expect them to beef up their consultancy business either organically or via acquisition - as they have intimated.

[smithie6] 27/4/2018 09:57

you happen to know the difference in % gross profit on these ?

..Im on my smartphone so looking thru the prelims is not so easy..

--

& I guess that PTY might be a useful acquisition for a co. providing mainly consultancy staff

to then offer a bigger pool of staff skills & increase the attraction of the offer, cross selling, reduce the % overhead for HQ since total revenue increased etc

& acquiring PTY might have been a no no when they had high debt & pensions concerns & bad cashflow due to the loss making 3D division

but since 20 April it has become much more attractive as an acquisition imo

[teamaccounting] 27/4/2018 09:43

I think the plan is to improve profit margin by replacing expensive ( low margin ) contractors ‘ supplied by profs division to consultancy div, with permanent consulting staff- as they get sufficient scale to make sure that the ‘permanent consulting staff can be charged out at close to full time - much like accountants/auditors

[smithie6] 27/4/2018 09:17

pty has a very high turnover & a small margin

1) any ideas for how this margin could be increased ?

2) does PTY have a value as an acquisition for any other company ?

(if removed the HQ & listing costs the profitability wld be phps ~ £1M higher)

-another recruitment co. ?
-an overseas recr. co. wanting to expand internationally
-a consultancy co. ?

[teamaccounting] 27/4/2018 08:57

Unfortunately I can’t get to Mello - it would be great to hear what they had to say , how received etc

[glasshalfull] 26/4/2018 22:44

Good to meet up with the CEO & FD at Mello 2018 today. Excellent opportunity to clarify a few points & improve my understanding of the business and financials moving forward.

Looking forward to their presentation at the event tomorrow.

Kind regards
GHF

[smithie6] 26/4/2018 16:24

had some in the past above 20p I think, luckily I ditched with small loss

& had half an eye on it ever since
..& sleepily watching it rise in recent times

finally hit the buy button today
could have taken a bigger risk phps & bt lower down as a few others did (well done) but I was doing well elsewhere so wasnt tempted & there were more risks then (of course)

the recent sale of the loss making part...still more of the mkt to be aware of that imo & the new expected future PAT...it was only days ago after all

risks to any share but at the moment the downside risk looks smallish imo given the support from the very low current year P/E