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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Amstrad | LSE:AMT | London | Ordinary Share | GB0000953850 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 149.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 149.50 | GBX |
Amstrad (AMT) Share Charts1 Year Amstrad Chart |
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1 Month Amstrad Chart |
Intraday Amstrad Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/1/2008 | 15:47 | Amstrad a buy ? | 218 |
| 26/10/2007 | 13:57 | AMSTRAD....a double digit yielding stock with decent growth potential?!?!? | 360 |
| 31/7/2007 | 08:07 | AMT | 459 |
| 19/2/2007 | 11:08 | ADFVN MAGICAL TOUR | 2 |
| 18/8/2006 | 07:05 | AMSTRAD – are YOU too biased to make profits? | 2,570 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 31/7/2007 08:22 by pierre oreilly Your posts are never usually that short Darrin - what happened? Why no more comments on the relative merits of AMT vs PIC?Having read the RNS, it looks like SKY did a good job of knocking AMT's price (by dealying contracts etc) in order to try to buy it on the cheap. 150p, although a great price relative to yesterday, isn't so great relative to the last year. Bearing in mind the cash AMT holds, the still very low valuation, the fact that SKY would have awarded contracts to buy AMT's stuff, then I think, at 150p, AMT is too cheap and that SKY are getting too much of a bargain (and that is obviously what SKY is good at). No pleasing some eh? |
Posted at 24/7/2007 09:45 by 1ch If one compares PACE we have a capitalisation of £281.5m, but one has to ask if the turnover goes up one would think cause of ecomonies of scales the ratio of increase in sales £385.5m from £178.1m ( 117% up ) a really good performance, is knocked out by a similar ratio in the ratio of increase in the cost of sales from£324.9m from £146m ( up 122% ) so have margins suffered. Alba has a capitalisation of £92.3m with turnover of continued ops of £453.6m AMT has a capitalisation of £98m with a turnover for this year of poss. £81m But of all the companies above AMT has margins - control of costs. One has to wonder if on any good news whether Amstrad share price could reverse back up. PIC share price has done quite well in holding up, and Alba has recovered a bit from the recent continued fall. Is Amstrad competing directly against PACE for turnover, and why has PACE nearly 4 times the sales of Amstrad. Is Amstrad keeping up with technology to supply Sky. And are these boxes now being produced? News is a bit lacking is it not? A trading update is required possibly. |
Posted at 23/6/2007 21:56 by guru11 Some good posts by brondo69 -If someone wants to win the Apprentice then mentioning the share price fall or his son's competance in running Amstrad, may not be too diplomatic. However Alan Sugar could point out that Alba to has also fallen. 17 to 1 in favour of the falls on Friday is a bit worrying. The question is how long can it keep falling, as said above it could fall further but one who shorts AMT now could be making an unwise decision, as sooner or later it will bounce. The other question is what is in the pipeline - in this high tech business - to justify a share price rise. It did make £10m profit half way and it has £28m in cash, but where is it going? One to watch certainly. |
Posted at 03/6/2007 15:42 by darrin1471 JTCod: I am happy to work together on AMT. I follow stbs and their customers as this is an exciting area to be in as the internet and television merge. There are a lot of big companies fighting to supply the technology and the content to consumers all over the world.I hope you have the time to look deeper into AMT and maybe PIC in order to see the potential of both companies and why the difference in market cap can be justified and in my opinion, likely to grow. "every financial fact says that AMT should be valued on a higher market cap than PIC" Based upon recent historical results, dividends and balance sheet. Yes AMT should have a higher mkt cap than PIC. PIC's "fwd earnings are lower than AMT". That is what the brokers are saying, but their figures are wrong. PIC are issuing a year end trading statement tomorrow in which turnover will be revealed to be considerably above the £340m-£360m forecast. My guess is £425m but I would be happy with £400m and it could be over £450m. My figures would require a broker upgrade. If the brokers are correct then I will shut up and do better research next time. PIC profits will not match turnover this year because of low gross margins on new high volume products. PIC expect to rectify this during the 7 month financial year ending Dec 2007 and reap the full benefits during 2008. Their target is gross margins above 20%. If PIC achieve this and maintain turnover above £400m then 2008 profits start at £30m and 22% on £450m would result in £50m profits. With the best customer portfolio for pay-TV stbs in the world PIC warrants a higher p/e ratio based on growth opportunities and as a potential takeover target. Another few areas of concern I have for AMT, but have not looked into fully are: Service revenues from the emailer appear to contribute around 30% of the profits to AMT through Amserve. These revenues dropped 20% in the last six months. This trend is likely to continue. Amstrad international products appear to be all audio CD based. Surely this also has to be a shrinking business. Possible import duties on advanced stbs could hit AMT harder and erode their enviable gross margins as Pace and Thomson both have EU manufacturing capacity unlike AMT. |
Posted at 02/6/2007 15:05 by thetworonnies IMHO the AMT share price would be standing a lot higher if Sir Alan actually gave a toss, gave up his massive ego, got off the telly and professionally ran the PLC business in a focused way. End of rant! |
Posted at 02/6/2007 13:59 by darrin1471 I do not hold shares or short AMT. I do hold PIC. I expect AMT to double within 12-24 months but it may fall further before recovery.JTCod: You know better than most that investor value is not the only way to value a share. Twelve months ago Pace's market cap was £115m. An 80% rise in share price negates any concerns I have about asset depletion. 12 months ago AMT net market cap was close to what it is now yet this did not result in a positive revaluation. AMT's share price has been closely linked to its contracts with Sky and Sky Italia and this is likely to continue in the immediate future. PIC's valuation and rising share price is based upon the new contracts it is winning with Pay-TV especially in the US. PIC has prioritised gross margins over the next few years and if they succeed then they will have a lower forward p/e than AMT. AMT has very high gross margins on Sky stbs but has not got a history of producing cutting edge products like MPEG4 stbs. Can AMT continue to win business from Sky and achieve the same high gross margins? |
Posted at 01/6/2007 11:08 by darrin1471 JTC: What time period are expecting to hold for?I expected AMT to fall a little faster and further than it has over the last year. I think there is still the potential to fall another 15-20% before a 12-24 month recovery to £2-£2.50. Potential downside risks are: Only 4 weeks of deliveries left for the full year and still no sign of an HD-DVR. These volumes were not going to be significant this year but a further delay adds costs and uncertainties. I have speculated that AMT's new DVR in the "final stages of development" is a Hybrid Sky MPEG4 Broadband/Freeview DVR. Sky have not had the regulatory go ahead for this product as Sky channels would be lost to basic Freeview subscribers. If Sky are unable to use MPEG4 then this products development and potential could be constrained. Pace have this year started using a single chip for its stbs. This will result in price deflation of 25%+ in their MPEG HD-DVR for DirecTV this year. How will this affect AMT? Are AMT ready to run with a single chip or will this be in development, resulting in delays and lost sales. These three issues are only potential issues and may never be an problem. Sky's news about the removal of Sky+ fees and their introduction of push VoD and broadband VoD should at least double the demand for Sky+ stbs unless there are single chip issues as aforementioned. I do not hold AMT yet, so from a personnel point of view I hope AMT has bad news for the next few months so that I can buy in at a lower price. I do hold Pace (PIC) who are on a long overdue run at the moment. I will continue to assess the upside between these two investments and balance my holdings accordingly. Both AMT and PIC look likely to cash in over the next few years on pay-TV and hybrid IPTV. |
Posted at 19/2/2007 15:24 by darrin1471 As an observer of AMT but not a holder I have to admit that AMT achieve an excellent profit for the market they are in. AMT are over reliant on a single customer (BskyB) and their products are not the best. If AMT relied on quality and innovation to retain their contract with BskyB then they would probably lose their customer, but AMT with their lower cost base and quality drive down the unit cost to BskyB and the other suppliers have to follow and therefore supply a valuable service to BskyB.The new PVR that AMT are making for BskyB is probably for their new DTT service and this stb will probably include VOD and broadband connectivity. In addition to the volumes sold to BskyB this also opens up a whole new market which AMT may be able to service throughout Europe especially with the Telco companies to whom AMT have been talking to about smart phones. There are a few risks ahead during the next few months. The HD DVR is a premium product for Sky's most profitable customers so quality may be a more important factor than price in the short term. With a 3-5 month lead time for MPEG4 components, AMT could be left waiting for components or already committed to components that are falling in value before AMT have confirmed orders for working boxes. Sky needs regulatory approval for their new DTT service and that is not certain when Virgin are complaining about Sky's stake in ITV and new products are trying to get off the ground like BT Vision and Tiscali Homechoice. No DTT for Sky would be very bad news for AMT. In 6-12 months these risks may have passed and AMT may enter a period of very buoyant sales. |
Posted at 28/9/2006 09:16 by impartial AMT share price down but most of the trades are BUYs - Whenever there is buying interest in this share the share price seems to go down rather than up... |
Posted at 01/6/2006 11:27 by aari Have noticed that whenever AMT share price drops - especially on low volume - by a good few pennies it is followed by large buy orders.Is it possible that brokers / MMs manipulate share price for large buyers? Agree - AMT provides a solid home and platform for future share price growth and income growth through the divi. It is clear - especially with the ongoing bundling of Communication services - broadband - tv - mobile and fixed line - that the demand for Set Top boxes is set to grow and grow and grow and of course lest not forget HD TV and the stated timeframe of moving everyone onto a digital TV format! BUY BUY BUY while the price is CHEAP |
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