PARITY GROUP - Provider of IT services in UK, EUROPE AND USA.

With the service Sector jobs rising again, and the IT permanat and contract market on the increase once again, PARITY GROUP's Recovery Strategy is about to take-OFF. Watch these or u may miss a beauty I'd say...


BACKGROUND:
At it's peak PARITY GROUP was worth around 1 BILLION POUNDS.
Hit high of 7.40p in Yr2000, plunged due to subsequent profit warnings.

TODAY
Returned to profitability in August
Company Reorganised - Under New CEO since 2002.
Recent rights issue was 78% taken up.
Many of its core business have now starting to pick-up and revenues increasing..
Service Sector Rising fast- IT Market Gaining momentum again after 3 years...


- In a nut shell the Turning point for shares is about to be reached.

DYOR - but I promise I will write more tomorrow, but remember Jules99 when you sell these one day in the future...

ta.

Jules99.
been away folks ...hope all is well Plantec got ur email..thanks..!

Skids and confucious u should join forces and set-up with ur expertise...?

PARITY are on their way back though as I am in touch with the IT market as a whole as well...A rise will not be a surprising one, as it's market expected now..

I heard all the IT consultancies and SIs have
been hit by projects being outsourced to India.
But IMHO, with its local knowledge/expertise,
Parity should be better equipped
to handle complex projects on the spot than a
bunch of techies working remotely in a different
time zone.
so, predict a few high profile outsourcing
disasters, followed by recovery of fortunes for
P. But DYOR.

Confucius,

There are plenty of VERY big players in the financial arena outsourcing IT to India and other so called Development centres. There will certainly be a market to pick up the pieces where projects start failing. But personally I don't think we'll start seeing this until maybe mid 2004. Parity will however be best placed.

Fellas - Parity just recently won a 5 yr contract with The Govmnent...

Is that about to come out via News?

Skids,
The contract was announced not too long ago...This was a business process outsourcing contract with the Cabinet Office.

In order to win and attract big blue chip type contract, Parity Group had to resolve their Balance sheet issues, Which they have now successfully done via the rights issue!

Institutional following is also increased with Eaglet (15%) and a further 6% held by another Institution, which begs the question and answer, the PARITY GROUP is about to make major comeback...

AS mentioned Skid, it was worth 1 Billion at it's highest (share price 7.04p) according to TECHINVEST who rates them as an Exciting Recovery Buy...

Market cap at the moment is probably around 30million only..

Their is a lot more I can write on my research on Parity, but lets let the investors decide...

Have a nice day..

Jules99..

PARITY Quiet so far this Thursday am...but never fear Parity is near...

Puff Diddy..

Excelent - AT last some movement +1.96%...

well it's a start..lol.

Recruitment Co. Michael Page also rising this am...PARITY and spring Group could well follow at some point...just keep watching them!

I know I've promised to write more about Parity Group this week, but I dont have enough time on my hands as Goldfinger unfortunatly...

Parity Dropped 0.5p, on sidelines could be a cheeky time to pick up a few on weakness...I wish...

Keep an eye on the recovery of this company...very good prospects with the contract and Permanant Jobs market suddenly making a surge again...

Up 0.25p!

a small move but it's a start..in the right direction...

good luck to all followers of Parity..

Long time no see. Been holding these for a longtime. Pehaps they will begin to move.

Interims 15/9/2004

Parity wins 5-year contract from ICI Paints to procure temporary labour
AFX


LONDON (AFX) - Parity Group PLC said it has been awarded a five-year agreement to manage the procurement and administration of temporary labour for ICI Paints, a division of ICI Group.

The agreement with ICI Paints applies to its operations in the UK and mainland Europe and starts on Sept 13. Parity said that while there is no fixed value to the contract, ICI Paints currently spends approximately 4.5 mln stg a year on temporary labour services.

In addition, Parity has signed a Letter of Agreement with ICI Group to extend the contract to other ICI Group companies across Europe and US, as the concept is proved.

newsdesk@afxnews.com

I worked for Parity many years ago, and they are a very good company (albeit they have changed quite a bit since then). Unfortunately, they were hit quite bad over the last few years (as did most IT companies). The recruitment sector is growing, but I feel Parity will benefit more from its IT Solutions (software house/consultancy) and its Training divisions. The latter likely to show SUBSTANTIAL growth IMO. QA Training are probably their biggest competition in this area.

skids

anyone on here a biker/trackday goer or racer? If so, come to Brands Hatch tomorrow for a trackday - http://www.marques-bros.com/ (click on the racing link)

Parity Group PLC

29 October 2004

Parity Group plc ('the Company')

HOLDING IN COMPANY

The Company received notification on 29 October 2004 from North Atlantic Value
LLP that on 28 October 2004 North Atlantic Value LLP acquired 750,000 ordinary
5p shares in the Company ('shares'), increasing its total holding in the
Company to 12,155,000 shares representing approximately 4.21% of the Company's
issued ordinary share capital.

END

Investec out with buy rec tp 36p

Healthy rise coming again today. Could well be the first earnings enhancing acquisition on the way.

Finally an acquisition, hopefully this draws a line under current weakness.

Results expected to be in-line. Time to buck the trend of the long sell off I hope.

Better performance today on news of launch of Supercommunications division.