Stv Share Discussion Threads

[crawford] 24/2/2011 08:51

yoyoy,
the hearing is soon, I expect that's why costs are ramping up, they were 0.5m first half.

Basically on litigation (from 2009 results):

Litigation with ITV plc/ITV Network
In September 2009, ITV plc and other ITV entities launched
a claim against STV Group plc and subsidiaries for £15-20m
(net) primarily in relation to opt-out programming. STV
is both vigorously defending this claim and has launched
a counterclaim under the Advertising Sales Agreement. In
November 2009, STV Group plc launched an additional claim
in relation to the exploitation of new media rights. STV Group
asserts that despite new media rights being acquired and held
for the benefi t of all channel 3 licensees, ITV Network Limited
and ITV Broadcasting Limited have entered into commercial
agreements without obtaining STV Group's consent. These
commercial agreements use and exploit new media rights in
STV Central and STV North's licence areas. STV is preparing
to launch a third claim in relation to signifi cant prejudicial
behaviour by ITV network and ITV plc against STV Group
plc and its subsidiaries. The various legal claims result in a
maximum potential cash outfl ow of £17.9m should STV be
unsuccessful in all claims and a related unprovided contingent
liability for accounting purposes of £8.3m. STV has a potential
contingent asset of £9.6m which has not been recognised
in the accounts and which will arise in the event that it
is successful in its defence of ITV's initial claim. Further
contingent assets may arise under STV's counterclaim
under the Advertising Sales agreement, its claim in relation
to the exploitation of new media rights and its potential claim
in relation to alleged prejudicial behaviour by ITV. However
it is not practicable to quantify the total potential fi nancial
effect of these claims and potential claim at this stage.

STVG have always been confident on the litigation, they had tried to sort the problem out but ITV didn't want to afaik. DYOR.

If it wasn't for the litigation, these would be double current price IMHO, see the broker forecasts which will now have to be updated.

[yoyoy] 24/2/2011 08:41

Crawford,

For something that has had no material change in the year - the cost does seem excessive.

Whats the ITV case about?

[crawford] 24/2/2011 08:37

I suppose second on the leaderboard is a good start, we're very close to breakout and this will move faassst :-)

[crawford] 24/2/2011 08:33

yoyoy,
results certainly beat expectation, the business is in rude health.

The slight disappointment for me is the litigation costs.

[yoyoy] 24/2/2011 07:48

Finals Highlights

Highlights



· Pre-tax profit pre-exceptionals up 127% at £12.5m

· Operating profit pre-exceptionals up 57% at £14m

· Earnings per Share pre-exceptionals up 140% at 32.9 pence

· Revenue up 16% at £105m

· Broadcasting revenue up 16% to £90.3m; revenue in Content business
up 21% at £9.8m and digital revenues up 50% at £4.2m

· EBITDA pre-exceptionals up 42% at £17m

· Operating margins up by 4.6 points to 12.9%
· Trading for the full year has exceeded Board expectations with 8 out of 11 KPI targets achieved or exceeded and key financial targets achieved
· 4 KPIs exceeded beyond the 2012 target

[crawford] 10/2/2011 16:40

Resuls on the 28th might be just the reason to get us above this uptrend:

I think the market is a wee bit indecisive on STVG, probably the litigation holding the stock back:

[crawford] 04/2/2011 14:22

Shares Magazine buy:

Sector Report: Broadcasting and Entertainment
*That's all folks - for this cycle. Conclusions - with Buy recommendations for Avesco, ITV and STV

[crawford] 02/2/2011 21:44

That chart looks very interesting to me:

[crawford] 27/1/2011 11:46

Topped up this morning, the whole sector is recovering, Bskyb below:



JPMorgan slowing the rise here IMHO, ITV is consistently rising, we have a lot of catching up to do.

[crawford] 25/1/2011 08:52

Resistence broken, 150p first target, then 250p.

[crawford] 24/1/2011 16:34

Buyers at 128p, good sign.

[crawford] 11/1/2011 17:25

A positive announcement today:


STV Group PLC

11 January 2011

STV announces the arrival of +1 service

STV has today announced the arrival of its new STV+1 service.

From this evening (January 11, 2011), viewers will be able to access a huge variety of programmes one hour later than scheduled, giving them the chance to catch up on all their favourite news, sport and entertainment from STV.

Beginning this evening at 8pm with Emmerdale (one hour after the original screening time of 7pm), STV+1 can be accessed on channel 114 on Virgin and 33 on Freeview. The arrival of STV+1 highlights the broadcaster's commitment to making its quality content available as widely as possible, where and when people want it.

Elizabeth Partyka, Deputy Director of STV Channels, says: "The new STV+1 channel is a fantastic service, allowing our viewers to catch up on a range of programmes from STV one hour later. For example, this will be of great benefit to those who currently miss out on The Hour or the STV News at Six due to work commitments.

"We are dedicated to providing our viewers with STV content anywhere and at anytime. This new STV+1 service joins an expanding suite of channels, including the STV News iPhone app, stv.tv and the STV Player and YouTube sites, which make this commitment a reality for our audience."

There will be two regional variations of STV+1; one for north and one for central Scotland. The north will receive the Aberdeen based news and commercials and the central belt service will carry Glasgow based news and commercials.

Contacts:

College Hill, 020 7457 2020

Kirsten Blackie, 0141 300 3587 / [e-mail]

Anna Hendry, 0141 300 3830 / [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRADKDDDBBKDPDD

[dazzaa] 31/12/2010 22:41

Ahh, then time will tell!?

[crawford] 31/12/2010 19:09

That's clearly a breakout!

[dazzaa] 31/12/2010 17:34

What resistance!

[crawford] 21/12/2010 17:05

Not a chartist, but looks like we are nearing the 121p resistence line:

[crawford] 21/12/2010 15:03

Looks like all buys today including the 50,000, ready to move up from here IMHO.

[andthesea] 17/12/2010 17:08

No, thats far too intellectual, youve got me there.

[crawford] 17/12/2010 12:34

"andthesea - 16 Dec'10 - 22:32 - 415 of 415

Oh my god, todays posts were pure Emile Zola. They
should be posted on a blank wall in tate modern. With
luck your all stranded in deep snow, naked even. "

Errr, your post was the only one yesterday, I guess you were talking about yourself?

[andthesea] 16/12/2010 22:32

Oh my god, todays posts were pure Emile Zola. They
should be posted on a blank wall in tate modern. With
luck your all stranded in deep snow, naked even.

[matt123d] 15/12/2010 16:49

Nice close - 113p

[crawford] 15/12/2010 16:45

Some really big trades today, it's finished on a high every day.

[crawford] 14/12/2010 09:31

Chart update from HB: