Share Name Share Symbol Market Type Share ISIN Share Description
Parity LSE:PTY London Ordinary Share GB00B1235860 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.25p +2.35% 10.90p 1,889,407 16:09:33
Bid Price Offer Price High Price Low Price Open Price
10.70p 11.10p 11.10p 10.65p 10.65p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 83.8 1.7 0.0 1,090.0 11.10

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Parity Group (PTY) Discussions and Chat

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Date Time Title Posts
20/4/201819:30Parity - A New Beginning6,303
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
15/9/200421:34Parity - large dump at 7p37

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Parity Group (PTY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-04-20 16:30:1811.20100,00011,200.00O
2018-04-20 16:06:4810.90100,00010,900.00O
2018-04-20 16:06:4011.2080,0008,960.00O
2018-04-20 16:01:4311.00100,00011,000.00O
2018-04-20 16:01:0411.00100,00011,000.00O
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Parity Group (PTY) Top Chat Posts

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 10.65p.
Parity has a 4 week average price of 10.60p and a 12 week average price of 9.90p.
The 1 year high share price is 13p 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 156,959 shares. The market capitalisation of Parity is £11,098,818.18.
thorne3: Thanks Aishah-Yes the key to a rerating of Parity is news on the disposal of Inition;the market does not like uncertainty and so clarity on the Inition situation will enable,e&oe,the share price to move ahead.
thorne3: Aishah-Who is or are GHF? With interest rates rising which can only benefit the pension fund deficit and all borrowings repaid by December 2018 the prospects for Parity are beginning to look quite rosy.The management is also ambitious and so I would expect a share price "breakout" sometime this year.
glasshalfull: I find it stunning to observe that the share price is still (-30%) below July 2017 highs following a 6% upgrade to 2017 EPS & PBT targets & confirmation that they are “slightly̶1; ahead of forecasts. Especially on the back of strong growth in Consultancy which commands margins of c.17% versus the 3% margin in the Professionals side of the business. WH Ireland indicated that revenue visibility could be as high as 35% in Consultancy at the beginning of 2018 which underpins forecasts further. Since my introductory comment (post 6149) in Sept 2017, following decent H1 2017 results, the shares have fallen back (-15%) so I am currently underwater. I added in Oct at 8p following the lead by the CEO who bought 400k shares. I note some previous comments surrounding a small legacy pension scheme. I believe it had c.70 members & has been closed to new members & future accruals since 1995. Retirees make up 2/3rd’s of members. The deficit has risen by the lower bond yields we have witnessed in recent years. This is a small pension scheme which has a small bearing on PTY which will pay £230k to the scheme annually. Lastly they failed to mention any update concerning the sale of the Inition business. On checking through Twitter it would appear that this business is attracting considerable interest at trade hopefully we’ll hear something sooner or later to its disposal which may be just the catalyst for a re-rating. The fact that PTY is on a PER 5.5 for 2018 & 4.8 in 2019 is just plain silly IMHO. Kind regards, GHF
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.
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
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
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.
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.
thorne3: I would estimate ebitda of £1.25m and a share price of 12p post the figures;the excitement is about to begin.
rubberbullets: This has no working capital to expand. And the share price is slip sliding away reminds me of a song
Parity Group share price data is direct from the London Stock Exchange
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