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Shares in Parity rose this week after the group said it agreed to sell its training division to Xpertise for £4.78m in cash. Trading in the division had been weak, but it has recovered since May. Parity added that there have been significant improvements in its overall working capital position, and that debt has already fallen as a result.
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It looks like Parity's recovery story is back on track, and the disposal will reduce debt further. Yet the shares had fallen a long way, and look good value at 26p.
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-IC-1.9.0c-prod - 15/05/2009 11:00:33 - stuart.turner
