15 June 2010 – disposal and trading update
Stadium Group has confirmed the disposal of its branded plastics business for net cash proceeds of around £2.5m. This leaves the company focussed exclusively on a high growth electronics business.
Results for the six months to 30 June 2010 are expected to be well ahead of the same period in 2009 and the company is confident that market expectations for the full year will be met. We continue to rate the shares as a BUY.