28 May 2010 – possible disposal

Electronics group Stadium has announced that it is in talks to dispose of its Plastics division.  The latter, which is seen as non-core, saw a strong recovery last year with operating profit increasing by 90%, and the business is now in a suitable state for sale.  The disposal, which seems likely to proceed as the talks are at an advanced stage, will allow the group to focus on its core electronics’ business.  This is good news for the company and the shares are a BUY.