The key positive is that if Liberty House has the financial muscle, Amtek Auto may soon be on the road to recovery. Importantly, the Amtek group is not unknown terrain for Liberty House, because in July 2017 it had acquired Amtek’s UK operations and has already turned it around. The strategy misfired badly, as soon after the global auto market, especially in the developed regions, nosedived. The key positive therefore is that if Liberty House has the financial muscle, Amtek may soon be on the road to recovery. Stocks of Amtek Auto and the others in the pack would react to the speed with which the creditors are paid off and a turnaround strategy scripted.

Source: Mint March 12, 2018 02:07 UTC