This is a funny one; now that the results are out, what do investors think? This stock is at mid-recovery level - and yet the company has posted a profit after a 14m loss last year. Some are even predicting with measure that the price will hit 100p in the next 24 months (given fair to good market conditions). Yet, the knee-jerk to results was negative, based on training downturn. But recruitment looks good at PTY.

Any other holders here? Any other views?

Dumped PTY at a loss from Sipps and ISA. Sod it!!

Based action on below and that have held it waiting for good news and results for to long. AS you say price moved up after my sale. I will continue to watch it but but but I can think of why I won't Buy in the meanwhile. Good luck if you are holding.


+++++++++++++++++++++++++++++++

Parity sees FY pretax, pre-goodwill loss 2 mln stg due to poor training ops
AFX


LONDON (AFX) - Parity Group PLC warned that it may report a full year pretax loss before goodwill of 2 mln stg, including the 300,000 stg incremental pensions charge announced in September, with the bulk of the shortfall coming from its training business unit.

In addition, the company, which announced the appointment of founder and former chairman Philip Swinstead as its non-executive chairman with immediate effect, said Swinstead will undertake a strategic review of all aspects of the group.

The outcome of the review will be revealed at the company's preliminary results announcement in March.

Swinstead replaces Bill Cockburn, who leaves the board. Swinstead retired in 2001 due to a serious illness, the company statement said.

In a trading update, Parity Group said the training business unit's autumn bookings in the public market have fallen short of expectations and several large expected sales for in-house training have been delayed into 2005.

'As a consequence of the revenue shortfall and the fixed cost structure of a training business, the performance of Training will not meet expectations for the full year.'

However, all of its other business units are profitable, with operating profits at or ahead of last year's levels.

The company said bookings for public training most recently are showing an improving trend and are running ahead of the same period last year. In addition the sales pipeline for large contracts in the government and commercial sectors is at its highest ever.

newsdesk@afxnews.com

Hanging on to mine, doesnt seem worthwile to get rid at at this point. I'm hoping for some corporate action after all somebody has been picking these up recently.

I must say I'm overweight in these (bought at an average of 10p). This stock is undervalued (techically) even at current values, but it is underperforming in a buoyant-ish underlying market, and this is frustrating. I think one's money is better off elsewhere (at the moment), but I remain in. PTY is less than speculative - but more than wholly uncertain.

Any take-over rumours here?

This stock seems to go from bad to worse.
Can you imagine a street-vendor selling Xmas wrapping in Summer (or hot chestnuts, for that matter?)...No - they match their wares to what the Market demands most.
PTY needs to focus on what a straw-poll of its customers (would reveal) wants - then satisfy it...if necessary by buying in the product until they can deliver their own in a customised format...it's no good pouring more money into the hole, you'll never stop the leak.
Pty was a mighty-high rated share and this current level looks to be following Marconi, Jarvis, Mayflower and others that lose their way.
I don't hold Parity - it was too expensive then and it still looks like losing me money.

Whoah there!, I have now bought some PTY - it just seems that it might be in Recovery and therefore worth a punt, mindyou. Today I see the price has edged up but it may take a while before others jump aboard, as punters are dreadfully slow (I am myself) once burned. Just thought I should put the Record straight for anyone reading this.

Quite a few buys going through this morning. Something's up.

Suggested as a recovery buy by Techinvest.

You pays your money and takes your chance. It cost me I got out to late I should have trusted my water and got out earlier. If the company survives it will do well. But it has promised for far to long for me. Wait until it is trending up for a few months!!!!

Interesting surge today - 2.2m purchgase unaccounted for, too. With Morth Atlantic Value continuing to accumulate, it would take a brave private investor to overlook PTY. Sure, the immediate prognosis is not excellent, but 4m buys today, and a high corporate presence in this company attracts me. I'm in at an average of 10p; I almost sold at 7p a couple of days ago, so I'm grateful for tday's rise which, I believe to be on the back of solid buying rather than rumour. Break-up of the company could see a sale price of anywhere between 12-30p imho.

Something's happening .. and it's happening right now

....aint got time to wait .....

or ... too late to seek it ...

oh dear, this news item coincided with a slip in the share price, more bad news over the horizon?

23 March 2005

Parity Group plc

Notice of results

The announcement of Parity Group plc's preliminary results for the year to 31
December 2004, previously scheduled to take place on 30 March 2005, will now be
announced in mid April 2005.

Issued by:

Financial Dynamics Telephone: 020 7831 3113
Giles Sanderson
Harriet Keen

Checked with Financial Dynamics and they say the new boss is carrying out a strategic review and this gives him more time to sort out the internal changes to turn company back on track

Back on track!! costly or not?

Just a few of my thoughts as a loss making shareholder.
So where next with Parity?
North Atlantic have bought in.
What do they know about the company?
Can Phillip Swinstead turn the company round?
Does he need to find a way to raise capital to turn the company round via banks or a rights issue?
I would be be prepared to put more money into the company to assist any reorganisation.
Is he planning to sell off the loss making training section?
Have the 60 head office staff been sacked?
Are they negotiating a take over deal either by management or an outside deal?
Am I just being silly and Phillip is in the process of sacking a number of middle managers inorder to make it profitable?
All this and more will hopefully be answered the middle of April.

I would like to point out that I dealt with this conpany as a customer and I have never come across such unprofessional and chaos. All talk and no delivery!! How can it maintain its customer base I do not know. While they are perhaps too cheap to short CFD's given its low sales to capitalisation ratio I definitely would not recommend anybody buy them.

If you bought Parity first thing this morning your laughing now. Pity I didn't.

Over 3 bettter than their update three month ago. How much was it then?