Market Report: Caldwell Investments

CALDWELL INVESTMENTS, currently an insignificant textile and nursery products operation with a pounds 4.5m stock market valuation, could be heading for a dramatic change of fortune. Stockbroker Charles Stanley suggests profits will hit pounds 1m this year and pounds 1.5m next. Some regard the Stanley forecasts as cautious. The group currently spends much of its time selling underwear, mostly produced in Romania, to the Germans. But a new gadget called a Ninaclip is prompting some astonishing projections. The clip instantly snaps accessories to prams and buggies and is also seen as having a future in children's car seats. If it succeeds Caldwell would be transformed. The shares are 40p; last year they touched 67.5p

SUGGESTIONS THAT Alan Sugar may attempt to take Amstrad, the consumer electronics group, private through a cash bid are going the rounds. The shares rose 4p to 46.5p.