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..!

Current price stands at 13-13.75p to buy...

Nice to see you back Jules

Jules,

I once worked for Parity and don't seem to remember them being worth 1 billion, where did you get that figure?

Skids

Skids Hi,

Do u have access to Techinvest latest November Issue - It is clearly mentioned on page7...


The First time the IT journal tipped them was at 25p way back in 1992, since then they rocketed upto 7.04p in yr 2000.

They have just been tipped again.

I dont Tech Invest go around making things up, highly regarded periodical as far as investors are concerned.

4/5 months back they tipped AIT as a recovery play at 11p subsequently it shot to 88p after a few weeks...!!!

Parity group your old company is back on it's feet, and so are many of the other existing IT recruitment agencies like Spring Group, MSB and others...


I dont think Parity Group will be sitting at 14p level for too long now just like most recovery stocks, making profits again...It's a steal at these levels.

Good luck and have a nice day all...

Jules99.

Plantec, Hope all is well...I've been running around like a headless chicken lately, so haven't had much time on my hands to write much...

Have my eyes on 2 stocks at the moment...

PARITY GROUP for obvious reasons, this is my new ten bagger for the year to come, It's kind of good to get in before the herd follows or wakes up to market news...


I thought the same about Spring Group and AIT and both have now become ten baggers...It's official Parity has been tipped by TECHINVEST JOURNAL in November Issue, they regard it as as an exciting recovery story, especially as it's shares were once 7.04p...!

IMHO A rise to a 1.00 is feasible as history can repeat and would satisfy me for the next 6 months...should be very interesting as the weeks follow...

I will do write up on PARITY GROUP tnite if possible...What I do know is Permanant and Contract Recruitment market is on the rise at last, and Parity Group are winning contracts once again.

MARKS and Spencers bought at 2.84 as expecting technical bounce...

which stocks are u trading Plantec?

any comments on RTD jules?

ZSCROOGE...

RTD I hold plenty of just like everybody else, sorry I haven't been writing on the RTD board of late, RTD has a huge following...I understand and building by the day...though the price has not shifted it is very much a company in the right market at the right time...time will reward the holders generously...

Patience is the key word I'm afraid...

Atr current levls it's cheap as chips, my target remains 15-20p christmas time, though you would have expected it to be 15-16p at least by now...Recent results were better than expected...

thank you

ZSCROOGE - are u reaaly as tight I MEAN shrewd as you sound..just kidding..lol...

parsimonious with words and money!

I have taken this from another who have taken it from another board...Hope that make sense...

From ADVFN board


Dutch Alert - 11 Nov'03 - 21:35 - 827 of 827


On http://www.techinvest.ie/sample.shtml you can download the november issue with the Parity story

There is a lot of information in the issue with regards to PARITY GROUP, I have little doubt it is an interesting read and will give you boost in confidence in your choice of purchase if you hold already...

closing price tonite 12.5p - 13.5p (down 0.5p)

Best wishes all...jules99.

Skids, I used to work there too - small world :)
Sorry to see the hard times they have fallen on lately. Does
anyone know why they have lagged the T1X and competitors e.g.
Logica?
Well run company, should be due for a recovery.

Certainly is a small world. Would be good to see Parity back up there.

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..