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Stadium Group

  • BY: Andrew Hore |
  • POSTED: 19/01/2011 |

Contract electronics manufacturer Stadium Group says that trading remained strong in the second half.

Revenues were 25% higher in 2010 – on a constant currency basis. House broker Brewin Dolphin is sticking to its pre-tax profit forecast of £2.7m.

Stadium expects to continue to grow organically and it is looking for add-on acquisitions.

The non-core plastics division was sold for £2.42m last year. This left Stadium with net cash of £1.5m at the end of 2010. There is a surplus freehold property worth £2.04m.

At 76p a share, up 1.5p, Stadium is valued at £22.2m. The shares are trading at more than 10 times underlying prospective 2010 earnings.

Full year figures will be published on 9 March.

Download the January edition of AIM Journal at http://www.hubinvest.com/AIMPDFJanuary2011_16.pdf

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