お知らせ • Jun 10
Partway Group Proposes Cancellation from Admission to Trading on AIM Partway Group Plc provided update in relation to its activities and the consequences in relation to the admission to trading on AIM of the Company's ordinary shares. Over the last six months, the Directors have assessed a number of potential acquisition opportunities that would have constituted a reverse takeover under Rule 14 of the AIM Rules for Companies (‘Reverse Takeover’ or ‘RTO’). The criteria the Directors have used in assessing these acquisition opportunities have included: the opportunity to generate future value for the Company's shareholders; the likelihood of delivering a RTO within the timeframe set out in Rule 15 of the AIM Rules for Companies before the Company would be delisted, being 9 December 2024; and the significant potential costs and risks associated with undertaking an RTO. The Directors have also been very conscious of the ongoing use of the Company's existing cash resources associated with its continued listing whilst the search for a suitable Reverse Takeover candidate progresses. Suspension of trading on AIM: As outlined in its announcement of 8 December 2023, following the disposal of the Company's main trading business, Parity Professionals Limited, Partway became classified as an AIM Rule 15 cash shell from that date. As neither a reverse takeover nor readmission to trading on AIM as an investing company have yet been completed, trading in the Company's ordinary shares on AIM will be suspended with effect from 7.30 a.m. BST 10 June 2024. Proposed cancellation of admission to trading on AIM: Under Rule 41 of the AIM Rules, it is a requirement that the cancellation of trading on AIM in the Company's ordinary shares must be approved by not less than 75 per cent. of votes cast by shareholders at a general meeting of the Company. In addition, any AIM company that wishes for the London Stock Exchange to cancel the admission of its shares to trading on AIM is required to notify shareholders and to separately inform the London Stock Exchange of its preferred cancellation date at least 20 Business Days prior to such date. Accordingly, the Board has noticed the London Stock Exchange of the Company's intention, subject to the appropriate resolution being passed at a general meeting of the Company, to cancel the Company's admission of the Ordinary Shares to trading on AIM on 9 July 2024. The proposed entry by the Company into the MVL and the cancellation of trading on AIM of the Company's ordinary shares are matters which require the approval of the Company's shareholders. A circular convening a general meeting of the Company in relation to these matters will be sent to shareholders in due course, and a further update will be made when appropriate. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 45% per year over the past 5 years. Market cap is less than US$10m (€1.06m market cap, or US$1.12m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). お知らせ • Dec 09
Network Ventures Limited acquired Parity Professionals Ltd. from Parity Group plc (AIM:PTY). Network Ventures Limited agreed to acquire Parity Professionals Ltd. from Parity Group plc (AIM:PTY) for £3 million on November 21, 2023. Under the terms of transaction, cash consideration of £2 million and earnout of £1 million. Post completion, the name would change to Partway Group plc. Transaction is subject to shareholder approval of Parity Group. Allenby Capital Limited acted as financial advisor to Parity Group.
Network Ventures Limited acquired Parity Professionals Ltd. from Parity Group plc (AIM:PTY) on December 8, 2023. Reported Earnings • Oct 05
First half 2023 earnings released: UK£0.011 loss per share (vs UK£0.003 loss in 1H 2022) First half 2023 results: UK£0.011 loss per share (further deteriorated from UK£0.003 loss in 1H 2022). Revenue: UK£17.6m (down 16% from 1H 2022). Net loss: UK£1.11m (loss widened 276% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year whereas the company’s share price has fallen by 54% per year. New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (€3.29m market cap, or US$3.51m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Sep 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (€3.91m market cap, or US$4.22m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). お知らせ • Aug 04
Parity Group plc Provides Revenue Guidance for the First Half Ended June 30, 2023 Parity Group plc provided revenue guidance for the first half ended June 30, 2023. The company expecting first half revenue to be 10% lower than that achieved in the second half of 2022. New Risk • Jun 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (€4.20m market cap, or US$4.58m). お知らせ • May 22
Parity Group plc, Annual General Meeting, Jun 15, 2023 Parity Group plc, Annual General Meeting, Jun 15, 2023, at 11:00 Coordinated Universal Time. Reported Earnings • May 16
Full year 2022 earnings released: UK£0.017 loss per share (vs UK£0.006 loss in FY 2021) Full year 2022 results: UK£0.017 loss per share (further deteriorated from UK£0.006 loss in FY 2021). Revenue: UK£40.6m (down 13% from FY 2021). Net loss: UK£1.72m (loss widened 170% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director David Samuel Firth was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
First half 2022 earnings released: UK£0.003 loss per share (vs UK£0.005 loss in 1H 2021) First half 2022 results: UK£0.003 loss per share (improved from UK£0.005 loss in 1H 2021). Revenue: UK£21.1m (down 19% from 1H 2021). Net loss: UK£295.0k (loss narrowed 44% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. お知らせ • May 16
Parity Group plc, Annual General Meeting, Jun 08, 2022 Parity Group plc, Annual General Meeting, Jun 08, 2022, at 11:00 Coordinated Universal Time. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director David Samuel Firth was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Jan 20
Parity Group plc Provides Revenue Guidance for the Year Ending December 31, 2021 Parity Group plc provided revenue guidance for the year ending December 31, 2021. For the year, the company announced that the group revenue is anticipated to be slightly ahead of the £47.6 million target. Reported Earnings • Sep 23
First half 2021 earnings released: UK£0.005 loss per share (vs UK£0.003 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: UK£26.0m (down 13% from 1H 2020). Net loss: UK£525.0k (loss widened 82% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. お知らせ • Sep 23
Parity Group plc Provides Earnings Guidance for the Fiscal Year 2022 Parity Group plc provided earnings guidance for the fiscal year 2022. The Board expects a return to growth and profitability in Fiscal Year 2022. お知らせ • Aug 27
Parity Group plc Provides Earnings Guidance for the Fiscal 2021 Parity Group plc provided earnings guidance for the fiscal 2021. For fiscal 2021, the group now expects revenue to be in the region of £47.6 million, net fee income (NFI) to be £4.1 million and adjusted EBITDA to be a loss of £100,000, with a loss before tax of £750,000 (before non-underlying items). Executive Departure • Jun 16
CEO & Director Matthew Bayfield has left the company On the 9th of June, Matthew Bayfield's tenure as CEO & Director of the company ended after 2.3 years in the role. As of March 2021, Matthew still personally held only 51.28k shares (€2.6k worth at the time). A total of 2 executives have left over the last 12 months. Under Matthew's leadership, the company delivered a total shareholder return of 168%. Executive Departure • Apr 28
Independent Non-Executive Chairman John Conoley has left the company On the 21st of April, John Conoley's tenure as Independent Non-Executive Chairman ended after 4.0 years in the role. As of December 2020, John personally held only 345.27k shares (€32k worth at the time). John is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 26
Full year 2020 earnings released: UK£0.005 loss per share (vs UK£0.011 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: UK£57.8m (down 28% from FY 2019). Net loss: UK£470.0k (loss narrowed 57% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. お知らせ • Mar 04
Parity Group plc Announces Wins New Contract Parity Group plc announces the award of a number of new contract wins: Appointment as a partner to help connect a prominent retailer with the skilled data and digital resources it requires to support its various brands' ambitious transformation and growth plans across UK and Europe. Partnerships with IFS (a global leader in Cloud ERP solutions) and Cedar Bay (a partner in the IFS ecosystem) to supply skilled data and digital resources. Extension of engagement with human resources platform specialist, Resilience Engine. A contract within the public sector to supply data talent for NHS Digital projects (the national provider for the NHS in England of information, data and IT systems). These recent wins amount to an estimated £400,000 in new net revenue during the financial year. お知らせ • Feb 02
Parity Group plc Wins Contract with the Scottish Government Parity announces the award of a three year contract with the Scottish Government. Parity has been appointed as its Digital Technology Resources partner to support the delivery of the Reaching 100% (R100) superfast broadband infrastructure programme. R100 builds on the Scottish Government's clear commitment that every home and business across Scotland should be able to access superfast broadband following achievement of its previous target to ensure availability of fibre broadband access to at least 95% of Scottish premises as part of the Digital Superfast Scotland Broadband (DSSB) programme, to which Parity also provided digital services. Under this new contract Parity, which brings 45 years of data and technology experience and skills, will provide a managed service supplying Digital Technology skills for the R100 programme's Project Management Office and Deployment Management function to ensure quick and efficient build-out of the superfast broadband infrastructure. The award represents a total opportunity of up to £5.0 million over the next three to six years for Parity strengthening the Group's order book and providing further visibility to underpin its current expectations for Group performance over the period. お知らせ • Oct 05
Parity Group plc to Report Fiscal Year 2010 Results on 03/23/2011 Parity Group plc announced that they will report fiscal year 2010 results on 03/23/2011 Reported Earnings • Sep 23
First half earnings released Over the last 12 months the company has reported total losses of UK£1.12m, with losses widening by 433% from the prior year. Total revenue was UK£65.8m over the last 12 months, down 25% from the prior year. お知らせ • Sep 04
Parity Group plc to Report First Half, 2020 Results on Sep 22, 2020 Parity Group plc announced that they will report first half, 2020 results on Sep 22, 2020