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Stadium Group PLC (LON:SDM)
Posted 30/04/10
Electronic services provider looking at a ‘pipeline of new business oppurtunity’?
The specialist electronic services provider to Original Equipment Manufacturers (OEM’s) released a trading update last week commenting on strong trading in the opening quarter of 2010, significantly ahead of the corresponding period last year.
Stadium Group, which has been in operation since 1911, currently employs over 1400 people in both the UK and China. Since the sale of Stadium Plastics Ltd back in 2001, and the subsequent diversification away from the plastics industry, the company has focussed on building on its electronics manufacturing, which has brought a great deal of success and further opportunity to the business.
For 2010, customer demand continues to track ahead of last year. The board credits this to both a strengthening of underlying market conditions, and also the benefits of several new business wins secured in 2009.
With a pipeline of new business opportunities’ in high growth markets, where confidence has boosted momentum, the group is confident of new business wins in the coming months.
Despite a resurgent share price over the last 12 months (+70%) the shares seemingly remain decent value trading at approx 7.7x Dec 2010 estimates, with net cash of £0.40m at the December 2009 year end.
This entry was posted 1 year, 9 months ago and was filed under Stadium Group.
