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..!

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

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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.

Hopefully at end to this down trend. Still think this is cheap and new strategy is starting to come into play. Plus results in-line.

Better move today, up 10%

Financial Report for the six months ended 30 June 2014

Parity Group plc announces its interim results for the six months ended 30 June 2014.

HEADLINES
· Group revenues up 3.8% to £48.3 million (2013: £46.5 million)
· EBITDA before share based charges and non-recurring items up 5.8% to £0.69 million (2013: £0.65 million)
· Non-recurring items down to £0.04m (2013: £0.79 million)
· Profit before tax £0.12 million (2013: £0.52 million loss)
· Cash at period end £4.6 million (2013: £3.2 million)
· Net debt at period end £6.9 million (2013: £5.9 million)
· Net assets increased to £9.8 million (2013: £3.8 million)
· Acquisition of business and assets of Golden Square Post Production, in April 2014
· Launch of Supercommunications division, a new player which bridges the boundary between IT and marketing services

Philip Swinstead, Chairman of Parity, said:

"This year we have returned the Group to profitability after six years of losses; launched our new SuperCommunications division under the highly experienced marketing leader Andy Law; and invested in both divisions to prepare for a period of expansion. We intend to have most of the elements in place by year end and look forward to 2015 and thereafter with some confidence."

Back in the black, much better performance hopefully several years of good growth

StockMarketWire.com
Parity Group announces its audited preliminary results for the year ended 31 December 2014.

· Revenues £92.26m (2013: £91.95m)

· Adjusted EBITDA of £1.60m (2013: £1.45m)

· Cash and cash equivalents £2.97m (2013: £7.38m)

· Net debt at year end of £6.58m (2013: £2.53m)

· Profit for the year before non-recurring items £0.22m (2013: loss of £0.46m)

· Non-recurring costs of £0.81m (2013: £1.60m), resulting from restructuring process now completed.

http://www.moneyam.com/action/news/showArticle?id=5011369

Finally breaking out of this downwards channel on 2 year contract win with Northumbria Uni.

Investec recent buy rec, tp 15p