Partway Share Discussion Threads

[chrisdgb] 09/4/2018 10:07

Expecting good things tomorrow.............

[inbrackets] 09/4/2018 08:50

Results tomorrow.There was a hint that PTY would look to re establish dividends when it could. Wonder if they will be in a position now.

[glasshalfull] 03/4/2018 19:09

Spot on...Philip Swinstead who created Parity held 14,295,215 in this RNS from 2015.



I know a number of buyers including myself over recent months that would be interested to learn if he’s simply liquidating part-holding or looking to sell down completely.

Regards
GHF

[+eysenck] 03/4/2018 18:42

From PTY website Philip Swinstead held 14,673,939 or 14.37% as of 27th March 2018. So has he been selling, that would explain the large seller for quite a while.

[mctmct] 03/4/2018 18:31

The RNS implies that he didn't have a disclosable holding before this announcement.

[inbrackets] 03/4/2018 18:05

Don't think it was a sudden purchase as he already had a holding but I can't remember offhand the level. Simple look back should tell the story.

[mctmct] 03/4/2018 17:56

S0 Philip Swinstead, founder of Parity (and the former Chairman who took it into loss making areas more recently) has suddenly bought 12% of the shares. Who from, I wonder, and for what reason?

[napoleon 14th] 26/3/2018 11:41

Bought a small stake - waiting for results which should confirm real progress.

[hibberts] 23/3/2018 11:09

Thanks for above.

[aishah] 23/3/2018 10:48

Good news for Parity ahead of results

We were already geared up to hear good news from Parity Group. We were given a glimpse of what to expect in the company’s final results – due after Easter – in it trading update in December (see Parity above parity!): double-digit growth in ‘underlying217; operating profit due to continued momentum in Parity Consultancy Services (PCS)… and a recovery in contractor volumes in the core resourcing business.

But good news has come ahead of time. As it seems the current financial year has got off to a stellar start. In Parity Professionals, we hear of the award of a recruitment managed services contract with Primark Stores, to provide all their contract and interim IT staff – the contract is worth in the region of £20-25m over three years. And in PCS, the news of contract extensions at the MoD, British American Tobacco, and the Skills Funding Agency – those extensions represent a total opportunity of £5.3m in the year.

There are a few things to take from this news. Firstly, Parity is proving itself with existing clients and winning additional business as a result. Secondly, it is expanding its private sector footprint (the business has been weighted towards the public sector). And thirdly, it is making solid steps to reposition as a “consultancy supported by a solid recruitment business” (as is CEO Alan Rommel’s desire). In the last financial year, we reckon PCS would have represented c£8-9m of Parity’s total revenues – the latest wins indicate the potential for more strong growth in that part of the business in the current financial year.

hxxp://www.techmarketview.com/ukhotviews/archive/2018/03/22/good-news-for-parity-ahead-of-results

[insideryou] 23/3/2018 08:48

Look at the trades since opening... Large blocks of 40.000 at a time are being purchased

[tilly99] 22/3/2018 18:21

Interesting but margins very low?

[zico01] 22/3/2018 12:22

2018 is surely the year PTY was finally re rated @ 12P this is dirt cheap

[thorne3] 22/3/2018 12:06

The only cloud on the horizon here in my opinion is Inition which in so far as it has not yet been either sold or closed down might indicate that it is on the mend.Otherwise the news sounds very good particularly with today's announcement.At 12p these shares really are dirt cheap and so a suitably optimistic Chairman's Report on April 10th could really set the cat amongst the pigeons.

[chrisdgb] 22/3/2018 07:44

Nice news today, looks way too cheap going into the results, which hopefully will see upgrades..

[aishah] 22/3/2018 07:39

Yes, new contract with Primark. Also:

"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 £5.3m in the year for Parity Consultancy Services, and estimated revenues in the region of £20-25m 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."

[cheshire man] 22/3/2018 07:38

Very encouraging for holders hibberts :-)

[hibberts] 22/3/2018 07:22

Very nice contract.

[kemche] 13/3/2018 09:45

Next week I think chris.

[chrisdgb] 13/3/2018 08:55

results imminent I would have thought....

[thorne3] 21/2/2018 15:35

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] 20/2/2018 12:12

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.

[chrisdgb] 20/2/2018 10:19

Looks like a no brainer.......