Omaha man
26 Apr 2018
Positive statement Some good messages in the trading statement today. In particular the increased growth in digital revenues is important given the 55% margin in that sector. If growth stays at this level then it will add ~£1m to profits.Good news too on the production side, though what really matters is the ability to turn this into profits, which has so far been lacking.We have done nothing but track sideways to down over the last 18 months following the disappointing results to December 2016. The yield is now over 5% and with the equity base continuing to shrink as they buy in shares, the prospects are for a return to EPS growth this year which should surely trigger some reaction from the shares. If I weren't already heavily committed I would be tempted to buy at these levels.
IOMINVESTCOM
01 Mar 2018
Guardian - ITV interested? [link]
Omaha man
19 Feb 2018
Volume! After months of minimal volume where the company buying its shares in is almost all that's happening suddenly volume today is approaching a million shares - thats 1.25% of the company accounting for double counting of buy & sell side. This just over a week ahead of the results is very interesting.
IOMINVESTCOM
22 Mar 2017
Good day put in today Someone increased stake maybe CRS.Decent volume over last 2 days.[link]
IOMINVESTCOM
03 Mar 2017
Re: Results - Good Hi Omaha man,Good to get another different view point. True the price has been disappointing and linked with ITV but they offer value at this price point with a increased dividend at the same time as trying to sort the pension deficit.Your right on the performance of the production division.I am keeping the faith in them and holding as offering a 4.5% yield now at my purchase price.atb
Omaha man
03 Mar 2017
Re: Results - Good I would have to disagree; I think the results are disappointing and clarify why the share price has been so lethargic in recent months. Compared to expectations around the time of the interims EPS have come in about 10% lower (even taking the figure before the exceptional). The preformance of the Productions division has been dreadful. Growth in digital - while still respectable - has been well below target and if you look at the KPI's they have failed to meet 11 compared to just 5 met or exceeded.With airtime revenues down in the first part of the year and digital growth apparently continuing to slow (+11% down from 20%) performance in the first half is going to be heavily dependent upon whether the Productions division can swing back into profit.I still think the shares are good value around these levels but my previous confidence that they would move back to £5 was clearly misplaced. I can't see anything to drive them ahead prior to the half year trading statement.
IOMINVESTCOM
03 Mar 2017
Re: Results - Good Opened above 200ema and testing 3.78 resistance - looking for next level at 3.90[link]
IOMINVESTCOM
03 Mar 2017
Results - Good I think the results read quite well with good strategy of increasing margins with the sensible hike in dividend payments.atb
Omaha man
26 Oct 2016
Re: Price Rise Crystal Amber stake now up to 13.85%.
Jezinho
25 Oct 2016
Price Rise Broker report: STV Group has been targeted by an activist investor. Shares in STV Group rallied on Monday as a filing showed that activist investor Crystal Amber increased its stake to over 10%. Crystal Amber recently stated that the post Brexit environment has created a number of investment opportunities. In the group’s full year results, announced in September, Crystal Amber stated that it believes: “STV holds a valuable franchise with opportunities to expand its production activities.”
IOMINVESTCOM
26 Aug 2016
Peel Hunt: good margin story at STV Peel Hunt: good margin story at STVPeel Hunt analyst Alex DeGroote retained his ‘buy’ recommendation and target price of 650p on Scottish broadcaster STV (STVG) after its half-year results.‘STV’s H1 2016 clean profit before tax/ earnings per share is up 30% year-on-year, and in turn is modestly ahead of our expectations,’ he said.‘The main driver is the high margin revenue streams of digital and regional airtime, both in the consumer division.’DeGroote said the company’s pension scheme deficit had increased ‘significantly’ to £44.1 million ‘although we do not assume any increase in deficit funding from current levels’.He said the shares, which traded at around eight times forecast earnings and offered a 3.4% dividend yield, were attractive. The stock gained 2.6%, or 9p, to 376p[link]
IOMINVESTCOM
25 Aug 2016
Paul Scott's view [link]
IOMINVESTCOM
16 Aug 2016
CRS - Topped up today Nice to see CRS topped up on these today from 7.8 to 8%.Decent rise in share price on the back of this.
Omaha man
26 Apr 2016
Positive trading statement The regional side continues to deliver though national revenues are flat. I'm particularly encouraged by the continuing growth in digital revenues. Though these will still be less than 10% of the total this year, the margin is just below 50% so contribution to profits is more significant - this year's growth (if margins are maintained) could add almost £1m (~5%) to operating profits. If the growth can be sustained then digital can become a significant driver of profits.Happy with my recent purchase and would hope to see the shares moving back towards 500 which would still only represent ~11x current year earnings.
Omaha man
22 Apr 2016
Buying again Having sold part of my holding just under 500 earlier this year I have bought some back today following the drift down to 400. I don't see any reason why we shouldn't recover the higher levels in due course, though this is a stock which seems to be able to go for long periods without reflecting the earnings progress being made. In the longer term I'm confident the value will come out and with the historic PE back to just 10x now looks a good time to top up to me.
