Partway Share Discussion Threads

[kemche] 21/9/2018 13:35

Swinstead is 400 years old and that is more significant.

[u813061] 21/9/2018 13:28

Swinstead was with Parity for years. The fact that he sold out at a low price is significant

[opodio] 21/9/2018 12:56

Be dead money for at least a year i think
Can see why Swinstead dumped millions of shares now

[its the oxman] 21/9/2018 12:55

Guess their talk of meeting forecasts without any further contract delays suggests a clear risks remains in this regard. With significant debt as well perhaps its too much risk for the average investor.

[its the oxman] 21/9/2018 12:44

Market seems very disappointed with the results / prospects.

[fillipe] 21/9/2018 12:26

I'm happy enough taking plenty at 12p and below.

f

[aishah] 20/9/2018 13:51

TechMarketView:

Slowly but surely, the results of Parity’s strategic changes are coming through in the numbers. UKHotViews readers may remember (see Parity celebrates business shift) that CEO Alan Rommel has been working towards his ambition of rebalancing the Group towards higher margin consultancy services, improving visibility and boosting the value of the business for shareholders. At the time of the full year results, the good news was strong momentum in consulting, resulting in double-digit profit growth. Unfortunately, the overall story was still one of declining revenues at Group level, as the numbers were dragged down by Parity Professionals…

Not so in the six months to end June 2018! For the half year, Group revenues (for the continuing business) were up – albeit by just 1% - to £43.2m (we’ll let them get away with the fact that ignores revenues from the Intition business, sold in April this year – see Parity disposal draws line under digital media dream). Very strong growth in the Consultancy Services business – albeit from a low base – of 30.8% to £5.1m, was supported by 2.2% increase in Professionals revenue to £41.6m. And the strong growth in Consultancy Services gave a boost to Group operating profit (again from continuing operations) – up 12% to £1.03m, with Consultancy Services’ contribution standing at 35%.

With a small consultancy business, Parity has made a smart move specialising in offering clients support in data analytics and underlying technologies. And the appointment of a Managing Director for Consultancy Services with extensive data experience will have made clients and potential clients stand up and take notice. But, what’s really pleasing to see if the synergies transpiring between the two areas of the business. Inter-segment revenues have more than doubled between H117 and H118 from £1.73m to £3.5m. The beauty of the relationship is that the Consultancy Services business can get fast access to up-to-date experts in the data capture and management field.

Rommel will be delighted that the needle has finally moved on the share price. Investors are clearly starting to believe the changes are having an impact. As we write, the share price stands at 12.58p, which is up nearly 24% compared to a year ago.

[insideryou] 20/9/2018 13:18

Don't be a predictable short seller. Your agenda is obvious old man.

[aishah] 20/9/2018 13:13

Slight delay in 1 contract. Expecting a stronger 2nd half. Will add more in due course. Only £12m cap. Dyor

[macarre] 20/9/2018 13:03

Doesn't look like you're very interested in buying these shares, are you opodio?

[opodio] 20/9/2018 12:28

ex growth. No point jobbing backwards. Contract delays Will warn again. Not IFRS15 compliant either. Awfuk!!!!!

[weatherman] 20/9/2018 11:53

Annualised eps over the past 12 months is 2.27p. A PE of only 10, which is cheap for a growth company, would justify a price of 22p.

[opodio] 20/9/2018 11:43

8p on that chart likely

Todays contract delays are truly awful, maybe Brexit is the problem

[opodio] 20/9/2018 11:41

first cut often the cheapest

[nico115] 20/9/2018 11:21

I bought at 12.5 and cut at 12pDon't like the market and this will drift

[opodio] 20/9/2018 11:12

8p be my view. `profit warnings often come in 3s

[nico115] 20/9/2018 11:10

Dead money now Margins v tight Probably a buy nearer 10p

[opodio] 20/9/2018 09:23

experiencing a short-term client-side delay on one large contract


Expect a big downgrade today

[opodio] 20/9/2018 09:15

need more evidence of their strategy working. Inition was a big fail

[weatherman] 20/9/2018 09:13

Margins on psa have been poor for years - it is the nature of the business, which is why they are building their consultancy side which has strong growth.

[macarre] 20/9/2018 08:34

Sounds like lots of stop losses triggered this first half hour.

[weatherman] 20/9/2018 08:32

Get a grip.

"Since the period end we have also successfully tendered for the Crown Commercial Service Management Consultancy 2 framework for consultancy and project delivery into the Public Sector."

"The improving financial results to date, and the Group's pipeline of opportunities underwrite the Board's confidence in the Group's longer-term growth prospects. Whilst we are experiencing a short-term client-side delay on one large contract, the rest of the Group is performing in line with Board expectations. Without any further delays, we expect a stronger second half, in line with the Group's traditional seasonality, and to deliver on current expectations for the year as a whole. Our investment in the Group continues to drive revenue and profit growth, supporting cash flow improvement and generating further shareholder value."

[opodio] 20/9/2018 08:20

tanking now