Amstrad Share Discussion Threads

[jtcod] 31/7/2007 09:33

Well done holders. This was an offer Sugar couldn't refuse. I took my profit this morning as I want to catch another stock before the market values it fairly.

Be lucky.

[pierre oreilly] 31/7/2007 09:22

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?

[kiwihope] 31/7/2007 09:07

Better to sell Amstrad now and get some profit than hold out and have Sky take the work away and do it themselves. That's what Sugar was afraid of and with only the one big customer I think he's made the right decision. It would have been a very delicate negotiation - Sky held a fairly strong hand, being the only customer; Sugar's only strength was the time and cost it would take Sky to setup.

[smart move] 31/7/2007 09:02

Good morning to the UK's No.1 subtle de-ramper....lol!

[pierre oreilly] 31/7/2007 08:59

Where's Darrin and his words of wisdom on AMT vs PIC, rofl!

I think this is a big fat juicy short which went very wrong for him, deservedly so when shorters try to talk their position and try to ruin a small comapny's ability to operate.

[1ch] 31/7/2007 08:53

1CH - 30 Jul'07 - 10:56 - 299 of 307 edit


Well netcurtains looks like your wish is coming true - up today.
This stock is still volatile - could easily go to 110p or more likely on some good news up to 145p.

Nearly all buys - yet small ones - today.

Is there results or news to come soon ?

[mike24] 31/7/2007 08:24

perfect timing sugar's smart, out of amt/football tough times ahead?
trading at an early age makes you streetwise

national bear day tomorrow

[philjh] 31/7/2007 08:21

agreed CWA1 but he's a tough cookie and would have wanted top dollar for his baby I'd have thought

[cwa1] 31/7/2007 08:10

Don't you think that perhaps he just wants out to concentrate on where he can make some real money, his property? Amstrad is, sadly, just a distraction for him that takes up a disproportionate amount of his time.

[philjh] 31/7/2007 07:54

as I said 'gobsmacked' - can't beleive Sugar would have let it go so cheaply

[cwa1] 31/7/2007 07:45

Not exactly over generous but a nice uplift on a heavily labouring share price in very difficult markets nonetheless. Result, I think :-)

[philjh] 31/7/2007 07:45

gobsmacked

[spob] 31/7/2007 07:30

British Sky Broadcasting Group PLC
31 July 2007

Not for release, publication or distribution in whole or in part in, into or
from any jurisdiction where to do so would constitute a violation of the
relevant laws of such jurisdiction



RECOMMENDED CASH OFFER

by

SKY DIGITAL SUPPLIES LIMITED

a wholly-owned subsidiary of

BRITISH SKY BROADCASTING GROUP PLC

for

AMSTRAD PLC

Summary

• The Boards of Sky and Amstrad are pleased to announce that
they have agreed the terms of a recommended cash offer to be made by Sky Digital
Supplies, a wholly-owned subsidiary of Sky, for the entire issued and to be
issued share capital of Amstrad.

• The Offer is 150 pence in cash for each Amstrad Share,
valuing the entire issued share capital of Amstrad at approximately £125.0
million.

• The Offer represents a premium of approximately 23.7 per
cent. to the Closing Price of 121.25 pence for each Amstrad Share on 30 July
2007, the last business day prior to the date of this announcement.

• A Loan Note Alternative is being made available to Amstrad
Shareholders (other than Restricted Overseas Persons) who validly accept the
Offer on the basis of £1 in nominal value of Loan Notes for each £1 of cash
consideration.

The Amstrad Directors, who have been so advised by Rothschild, consider the
terms of the Offer to be fair and reasonable and unanimously recommend that
Amstrad Shareholders accept the Offer, as the Amstrad Directors have irrevocably
undertaken to do (or procure to be done) in respect of their own beneficial
interests and holdings (including, in respect of Sir Alan Sugar, those Amstrad
Shares held by Amshold Limited, a company controlled by Sir Alan) representing
approximately 27.9 per cent. of the issued share capital of Amstrad. In
providing advice to the Amstrad Directors, Rothschild has taken into account the
commercial assessments of the Amstrad Directors.

Sky has received irrevocable undertakings to accept (or procure the acceptance
of) the Offer from the Amstrad Directors, as well as irrevocable undertakings
and a letter of intent from certain other Amstrad Shareholders, in respect of,
in aggregate, 37,306,097 Amstrad Shares, representing approximately 44.8 per
cent. of the issued share capital of Amstrad.

In its capacity as a major supplier to the Sky Group, Amstrad currently designs
and develops set-top boxes to the Sky Group's specification and then contracts
out the manufacturing to specialists in electronics manufacturing services
(EMS). In the financial year ended 30 June 2007, Amstrad supplied approximately
30 per cent. of the set-top boxes purchased by the Sky Group and Sky believes
that the Sky Group accounted for approximately 75 per cent. of Amstrad's
revenues.

The acquisition of Amstrad will provide Sky with an in-house design and
development capability, which Sky believes will deliver significant operational
and financial benefits and enable the Sky Group to source some of its products
directly from specialist electronics manufacturers. The acquisition of Amstrad
will provide the Sky Group with:

• an in-house product design and development capability,
creating significant potential cost savings and facilitating enhanced future
technological innovation;

• an ability to accelerate the development of new and more
innovative products for customers;

• greater control over product design and technical
specification and enhanced flexibility to deliver continual improvement in
product quality;

• a significant reduction in procurement costs within its
supply chain as margin currently generated by Amstrad on the supply of equipment
to the Sky Group will be retained within the Sky business; and

• an expected enhancement to the Sky Group's earnings within
the current financial year.1

[alexchry] 31/7/2007 07:14

GSands - well review now!

[gsands] 30/7/2007 17:15

Will review at 150p.

Stock is cheap on fundies and this is evidenced by the fact that the share price has stood firm against this market slump.

[andrewbatchelor] 30/7/2007 17:06

GSands - what is your short term price target?

[gsands] 30/7/2007 16:50

Went long just before the close.

[kiwihope] 30/7/2007 16:36

Looks like a 50,000 buy at 4pm kicked this up ...

[andrewbatchelor] 30/7/2007 16:27

I reckon this will go to 180p in the short term.

[kiwihope] 30/7/2007 15:30

... is this on the turn?

[1ch] 30/7/2007 10:56

Well netcurtains looks like your wish is coming true - up today.
This stock is still volatile - could easily go to 110p or more likely on some good news up to 145p.

Nearly all buys - yet small ones - today.

Is there results or news to come soon ?

[netcurtains] 25/7/2007 10:37

push it up!
It ain't heavy its my portfolio