| |||||||
| |||||||
Parity (pty): Recovery?
This is a discussion on Parity (pty): Recovery? within the UK Shares forums, part of the Equities category; Madasafish tipped the IT service group Parity (pty) during the week...so perhaps he can add more points here... Showing typical ...
 |
| |||
   |
| | LinkBack | Thread Tools |
Mar 17, 2002, 8:25am
| #1 |
| Legendary Member Join Date: Nov 2000 Location: London Posts: 1,266
|  Parity (pty): Recovery?
Madasafish tipped the IT service group Parity (pty) during the week...so perhaps he can add more points here... Showing typical signs of recovery, it of course all depends whether we're in a bull market or at least we've seen the end of the bear market... After breaking down a couple of flat bases it finally shot off the last flat base on highest volumes illustrating big buyers' interest... Certainly one to watch... Riz |
 
|  |
|
Mar 17, 2002, 11:10am
| #2 |
| Senior Member Join Date: Mar 2001 Location: Stoke on Trent Posts: 470
| Re: Parity (pty): Recovery?
I am of the viewpoint that the long term bear market is small cap stocks is over.. indeed by definition it must be close as many are on valuations which assume imminent bankruptcy. Take Parity which I bought some 2 weeks ago as it was clearly bottoming. (all figures after results) NAV £36M Dividend 1.57p Shareprice 43p Yield 3.7% Loss making due to cost cutting Market Capitalisation £66M Turnover £249M So on fundamentals it's paying a dividend (it has cash in Balance Sheet) and its Market Cap is virtually 29% of turnover. Assume the business makes 5% after tax on turnover in 2 years time: about £15M. On a PE of 10 that's £125M - twice the current price or 86p - and making no allowance for growth/changes in sentiment etc. My chart is self explanatory: |
|
| |
|
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
| |
Similar Threads | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| I'm a newb..interst parity for real?? | Ticker_shuffle | Forex Discussion | 2 | Sep 27, 2006 8:17pm |
| Logica (Log): signs of recovery | Riz | UK Shares | 6 | Apr 6, 2002 12:55pm |
| Reuters - Short term Recovery? | Madog | UK Shares | 6 | Mar 17, 2002 7:17am |
| Recovery Shares..Possible Chart Break Through... | Riz | Technical Analysis | 4 | May 19, 2001 3:08pm |
| Recovery Plays | traderx | UK Shares | 9 | Jan 8, 2001 6:52am |
| New To Site? | Need Help? |
All times are GMT -4. The time now is 10:52pm.
Copyright © 2001-2010 Trade2Win.
Pending NFA Registration (Member ID 0402027). Please be aware that off-exchange retail foreign currency (forex) trading involves significant risk of loss and is not suitable for all investors. Increasing leverage increases risk. Before deciding to trade forex, you should carefully consider your financial goals, level of experience and risk appetite. Any opinions, news, research, analysis, prices or other information contained does not constitute investment advice.
