Fantastic news out just lately from this company and its links with BSKYB should propel the shares far higher than there current price.

Seriously undervalued in my opinion.

Last results reported. Look at the 19 million CASH on the balance Sheet.
AMSTRAD PLC
INTERIM STATEMENT
SIX MONTHS ENDED 31 DECEMBER 2002


Chairman's Statement

Financial Results


I am pleased to report on the results for the six month period ended 31 December
2002.


Amstrad Business


The Amstrad business made a profit before tax of #5.5m (2001: #2.5m) on sales of
#19.1m (2001: #18.4m). Earnings per share from the Amstrad business were 4.7p
(2001: 2.6p).


Amserve Business (E-m@ilers)


Amserve's loss before tax, after initial subsidies on phones as referred to
later in this Statement, was #5.5m (2001: #1.6m) on sales of #4.2m (2001:
#1.2m).


Group


The Group as a whole reported a pre tax break even result (2001: #0.9m profit)
on sales of #23.3m (2001: #19.6m). The earnings per share were 0.5p (2001:
1.2p).


The interim dividend is to be maintained at 0.8p (2001: 0.8p) per ordinary share
to be be paid on 8 April 2003 to shareholders on the register as at 21 February
2003.


The Group balance sheet remains strong with net assets of #23.4m (2001: #28.2m)
of which #18.9m (2001: #28.8m) was cash.


Operating Review


Amstrad Business


Sales of digital decoders ("set top boxes") to BSkyB were 4% higher in volume
terms than the same period last year but lower in value terms reflecting the
continuing price pressure on this business. Our focus remains on driving down
the cost of the set top box and in September 2002 we launched a new fourth
generation box. We have orders in place for the remainder of this financial year
and for the next financial year.


Our continued focus on quality control has enabled us to release #0.7m at the
half year from provisions against potential warranty costs for past supplies of
set top boxes where warranty costs incurred have been lower than anticipated.


The Hong Kong business had a very successful first half with direct shipments of
audio products, mainly to the US market, significantly ahead of the same period
last year.

Amserve Business


As part of a deliberate and planned marketing exercise, the retail price of the
second generation e-m@iler ("the e-m@iler plus") was halved to #49.99 by most
retail outlets after Christmas in a move aimed at significantly increasing the
installed base. In addition to the 125k units of the original model sold,
approximately 85k units of the new model have now been bought and registered by
consumers since the launch in February 2002, of which 41k units have been
registered since Christmas. This makes a total installed base of 210k units.


This price reduction has been partially offset by lower manufacturing costs but
it has increased the initial subsidy per unit. In view of this the Board has
recognised a provision of #2.2m in the value of stock, representing the
shortfall against cost which will arise when the stock held at 31 December 2002
is sold. This therefore will avoid the loss that would otherwise have arisen on
the sale of these units in the second half of the year. The positive side of
this approach is that in future years the results of Amserve will reflect a
clearer view of the ongoing revenue stream from the installed base of phones.


The revenue derived from the usage of the e-m@iler continues to hold up well
with the majority of the income continuing to come from e-mail usage although in
the last six months other services such as the ability to download ringtones
have generated a more meaningful contribution. At the time of these results the
average gross revenue generated in the past 30 days from the average installed
base of approximately 201k units was #13k per day (approximate annualised rate
of #4.7m per annum).

We expect this revenue to increase both through the growth in the installed
base, allowing for any customer churn, and through the first generation model
moving at the end of March 2003 to the same revenue sharing arrangements as
apply to the current model.

We remain fully committed to the e-m@iler business and continue to develop new
software that enhances the functionality and revenue earning potential of the
phone which is periodically downloaded to the existing installed base.


Outlook


We continue to work with BSkyB to develop opportunities in the digital satellite
TV market and are pursuing promising opportunities in other geographic markets
for digital set top boxes.


In the Amserve business our focus remains on increasing the installed base of
e-m@ilers and enhancing future profitability through maximising existing revenue
sources such as e-mail and by adding new revenue sources.


Sir Alan Sugar
Chairman

13 February 2003


Amstrad plc (www.amstrad.com)
Register No 955321
Brentwood House Press Enquiries:
Brentwood Nick Hewer - 07785 318737
Essex CM14 4EF hewer@amstrad.com

G

Recent Bullish article on Amstrad.Amstrad .

Amstrad's 'emailer plus' wiped out most of the firm's half term profits but prospects for the electrical gadgets company are improving. A chunky yield make the shares worth a closer look, writes Steven Frazer.

--------------------------------------------------------------------------------
Amstrad is taking a massive jam tomorrow punt with its 'emailer plus'. The phone which allows users to surf the web and send emails was originally launched a year ago but the latest version was made available in the January sales for 49.99, half its usual price.
What this means is that the company is having to significantly subsidise the product to boost sales. Amstrad hopes to recoup the cost later through its share of call charges. It has also slashed manufacturing costs by moving production to the Far East.

Helped by a 2.2m advertising campaign last year, 41,000 units have been flogged since Christmas taking the total to 210,000. But Amserve, the joint venture between Amstrad and Dixons which makes the emailer plus, is clocking up significant losses.

The operation recorded a 5.5m deficit in the six months to December, wiping out most of the profit made by the rump of the company. However, it has taken the full year's losses on emailer up front so there will be none to record in the second half.

Over all, pre-tax profit slumped to just 3,000 compared to 923,000 this time last year, on sales up from 19.1m to just shy of 23.3m.

Amstrad, minus Amserve, made 5.5m pre-tax profit, more than doubling last year's 2.5m haul, on sales worth 19.1m. Cheap TVs and radios are among the electrical goods it makes and sells, while it is also one of the main suppliers of digital set-top boxes to Sky.

Yet it is a worry that Sky remains it's only set-top box customer, and it has been trying hard to squeeze better terms. So while volumes to Sky rose 4%, pricing pressure means revenue is down.

However, fears that the near completion of digital transition would knock future set-top box demand was today partially appeased. Amstrad's new fourth generation box has orders in the bag for the rest of this year and next.

However, investors have taken a shine to Amstrad today not only because of good news on emailer plus and set-top boxes, but because of the strong balance sheet, which includes a healthy 18.9m of cash. It alone is worth nearly 24p a share, explaining the 25% jump in the share price recently.

That seems exceptionally cheap considering the company could shut down Amserve tomorrow and boost underlying profits. Meanwhile, today's half term 0.8p a share div suggests a full year payout of 2.4p (working on a one-third/two-thirds basis) which would yield 10%.

Robin Hutchison, at house broker Evolution Beeson Gregory, expects earnings, including Amserve, of 1.7p a share for the full year, rising to 4.6p next. That puts the shares on a forward p/e of about 15, falling to five next year. Chances that chairman and 28.8% shareholder Sir Alan Sugar might take the firm private are fading, but its improving prospects make the shares look an interesting speculative buy. ENDS.


24p a share cash in the balance sheet and also all losses taken on the e-mailer upfront in the first 6 months, plus the two new contracts signed with Sky means that this one is well worth taking a further look at.

Just added my self this morning at 51p. I feel theres loads to go at yet, but as always please DYOR.

G

Amstrad PLC


Amstrad plc extends e-m@iler relationship with One.Tel


Amserve, the Amstrad plc subsidiary and One.Tel, the UK's leading alternative
communications provider, have agreed to extend their relationship following
successful trials over the past 12 months. Under the new agreement, Amserve will
advertise OneTel's services on the screens of its e-m@ilerplus. One.Tel will pay
Amserve for customers acquired as well as an advertising contribution. The
e-m@ilerplus unit has an integrated cost-saver facility and can be set to route
calls automatically onto One.Tel low call rates. One.Tel will be promoting its
unlimited evening and weekend calls package which costs 4.99 per month. One.Tel
customers can choose to receive and pay their bill on-line on the e-m@ilerplus.

Simon Sugar, Amstrad's commercial director said 'There is a good synergy in our
business objectives and we both have exceptionally strong value propositions
which appeal to the mass market.'


'The e-m@ilerplus has proved to be another effective medium for the promotion of
One.Tel's services. Its hard to imagine a better place to advertise telephone
services than on the screen of a telephone in the home!' explained Alex Campbell
from One.Tel.
G

This one just rolls on and on and goes higher. Plenty left in yet. Top boxes are said to be far superior to Yank competitors boxes and come at a bigger margin. G

Just look at this one go, up nearly 30%.

Amstrad PLC
5 June 2003

Amstrad plc Trading Statement

Amstrad plc announces that trading profits for the year to 30 June 2003 are
expected to be significantly ahead of current market expectations due to higher
revenues from Amserve, the Group's e-mailer business, and increased revenues
from the Group's consumer electronics business.

5 June 2003

Further information:

Nick Hewer : Phone 07785 318737
E-mail hewer@amstrad.com



Far more to come aswell when SKYS set top boxes and hand held appliances come on stream in september. G

Goldfinger,

I owe you a "thank you" for drawing Amstrad to my attention a few weeks ago, and as a result I'm now sitting on a 33% gain!

Andy

Andy well done. Theres a lot more to come before results though. The year end is at the end of this month so we can expect results around August??????, any ideas on date.

We should see a good run up to them and then after when SKYS contract for boxes and remotes kicks in around September.

Please dont get spooked if we see profit taking in the morning. Probably will happen but it will be to their cost beleive me.

If you have time take a look at PhotoMe and Psion that are doing well for me. Im going to hold for quite a while I feel.

Nice to have heard from you and stay lucky. G

Amstrad up 20% on promise of higher profits
By Maija Pesola FT.com, 12:20 BST Jun 5, 2003

Shares in Amstrad rose more than 20 per cent on Thursday after the UK consumer electronics company, run by Sir Alan Sugar, released a statement saying it expected profits to be "significantly ahead" of current market expectations.

The company said higher revenues from its Em@iler internet phone business as well as its other consumer electronics operations would help push up profit for the year to the end of June.

Shares in the company were up 13-3/4p at 78-1/2p in late morning trade.

The Em@iler, a combination of fixed-line telephone and e-mailing device, is Amstrad's flagship product, but has faced a great deal of scepticism since its launch in 2000.

Recently, however, there have been indications that sales could be picking up. The device was upgraded and relaunched at the beginning of this year with a significantly lower price, and in April Amstrad said it had sold more than 300,000 of the Em@ailer devices in total.

Amstrad makes money from the Em@ailer by receiving the lion's share of the internet and phone charges that customers pay to Thus, the telecommunications company responsible for connecting the units. It also charges companies for advertising on the screens of the the more advanced models of Em@ailer.

The bulk of Amstrad's revenue, however, still comes from its digital satellite decoders, which it supplies to BSkyB.

Amstrad is best known for its domination of the European personal computer market in the 1980s. Following this success it entered the telecommunications sector, launching a mass-market satellite dish on behalf of Sky TV in 1989. G

Comparision chart Amstrad/ Thus seems to show Thus are also benefiting from e mailer revenue created by Amstrad. If I am reading this chart right it appears Thus share price jumps by similar percentages as Amstrad... but a couple of weeks later. Anybody got any thoughts on this?

See previous post, was hoping for some response/ advice

MAckenzie,

Well judging by the chart you posted, you are correct, and I guess we'll all be following Thus for 2 weeks to see if we can catch the bounce up!

Can you post a 3 year chart with both on, for a longer term view?

Chart created usimg money am facility, makes interesting reading doesn't it?
Don't understand long term signifigance as e-mailer joint venture only a couple of months old. Your views would be most welcome.

Tell you what Mac thats a very good spot of detective work. The charts are almost identical. Two weeks behind you say. Right Thus goes on my watch list.
cheers.G

goldfinger
If I'm right I would expect to see THUS about +25% between now and 24th June
Interesting also to note Thus seems to head south a couple of weeks before Amstrad so may also be a good indicator of when to sell AMT

No way am I selling AMT. I see a doubling of the share price by early next year.

The sales from SKY should be massive. Stay lucky. G

Goldfinger
I wasn't suggesting sell AMT, think you are right, just pointing out it might be a good indicator. Off on holiday now, back monday week, should see something on thus by then !!

mackenzie,

Thanks for your contribution!

have a good holiday, we'll look after Thus for you!

Andy.

.

Starting to rise again and will do untill results are released in about 5 to six weeks, can anybody confirm date???????G

See posts 9, 12 and 14
Have now got +25% return on THUS, took 2 weeks longer than I expected, Thus and Amstrad charts still similar