3 July 2013 – trading update
The company has noted that results for the full year will be significantly below market expectations. The closure of Stadium’s Rugby facility will be delayed by up to three months and this will have an impact. Profitability is set to move back in line with guidance from the fourth quarter of the current year according to the company. In the absence of any further news we believe that the shares are a BUY at the current level, ahead of interim results which are due to be released on 10 September.