4 September 2012 – interim results
Somewhat disappointing results from Stadium have seen the shares move lower in early trade. Profit before tax slipped from £1.58m to £0.58m and net cash has fallen to £1.50m. The interim dividend has been held at 1.05p per share. The acquisition of IGT Industries Ltd, a designer and manufacturer of intelligent displays for the professional electronics market, has also been announced. Although the results are not encouraging, we continue to believe in the long term story. BUY.