Amstrad Plc has been to hell, and while it may be a little early to add and back, the company has triumphantly demonstrated that it is a survivor – and one that could take off like a rocket when market conditions turn – and it still has its fans: Paul Norris at Barclays de Zoute Wedd has issued a buy notice on the stock, saying that while market conditions are dire, the company has an impressive array of new products to buck the trend; unlike many of the walking wounded bowed down by the weight of a world of debt on its back, Amstrad has got its balance sheet back into very good order with UKP24m net cash, and Norris is looking for UKP65m pre-tax for the year to June next, compared with UKP43.7m last time, and he spies something in the order of UKP80m for 1991-92; even those that bought the shares at their heady highs and have hung on grimly could eventually see a profit on their investment, and with the shares at 57 pence, a bit of pound-cost averaging might look quite tempting.
