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Stadium Group
- BY: Andrew Hore |
- POSTED: 19/04/2011 |
Contract electronics manufacturer Stadium Group says that it continues to win new business but this year the results will be more second half weighted than before.
The AGM statement does say that Stadium should still meet market expectations. House broker Brewin Dolphin forecasts a 2011 profit of £3m.
The company’s pension scheme will get £1m of the £2.6m raised by the disposal of Stadium’s former plastics factory site in Chingford. The net pension deficit was £5.64m at the end of 2010. The final salary scheme has been closed to future accrual.
Nigel Rogers stepped down as chief executive at the AGM. Stadium is still searching for a replacement.
At 72p a share, Stadium is valued at £21m.
Download the April edition of AIM Journal at http://www.hubinvest.com/AIMPDFApril2011_19.pdf
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