Stv Share Discussion Threads

[philjeans] 07/1/2013 16:37

Strong finish - something's bubbling under here for sure..

[che7win] 07/1/2013 12:29

phil,
I agree, it has been disappointing, but results out next month, debt will have fallen and the market will like that.

Debt should have reduced by at least £7m, but they will have paid some of their pension top up in H2.

Production side is going great, winning a lot of business and ITV/UTV has been going up recently.

I think STVG has some catching up to do.

[philjeans] 07/1/2013 10:53

I hope you're right - this has been very disappointing so far!

TNI were a 5 bagger for me last year - this has a lot of catching up to do!

[che7win] 07/1/2013 10:38

Moving up.

MM's have been happy to take any amount of shares to sell for some time, they have been sitting about 100p happily soaking them up.

Seems to me someone was accumulating until supply dried up. That supply seems to have finished, so path of least resistence is upwards.

[che7win] 11/12/2012 19:50

Takeover speculation

[che7win] 03/12/2012 10:29

Some buys appearing last couple of days, looks like it's getting ready for the next move.

[norbert colon] 15/11/2012 10:47

They are also on target to meet market expectations (34p EPS) hence current valuation gives PE of just 3.

[che7win] 15/11/2012 09:09

Well, I guess if no-one wants to comment I will.

A resilient update IMHO, they are forecast to meet "growth expectations" and management strategy now falling into place nicely.
Digital revenue up shows they are making good on their strategy and meeting their KPI's. Not surprised, they have quite a good entertainment website now so they are drawing in traffic:


They're diversification strategy is playing out well, I'm impressed with yet another commission won for ITV this time.

They're also outperforming the market on advertising but that may be to do with poor comparisons from last year (I see UTV local advertising is -16% compared to STVG +3%).

A very telling statement from Rob:
"Rob Woodward, Chief Executive Officer of STV Group plc, said: "We remain on track to achieve our growth targets in 2012 and continue to make strong progress in delivery of our strategy to grow non-broadcast earnings. The succession of commissions secured by STV Productions from an increasing range of channels demonstrates the progress we're making in growing our content business. This combines with a sustained improvement in operating margins in our broadcast and digital businesses as we deepen our engagement with consumers across an increasing range of platforms."

Looks like operating margins are continuing to improve, I think some of the market is picking up this one with the recent institutional purchases.

[norbert colon] 14/11/2012 19:28

UTV Trading Statement out tomorrow just for reference...

[che7win] 08/11/2012 16:41

Deutsche Bank AG increase stake to over 9%.

I've confirmed with the company that the IMS will be released 15th November.

[philjeans] 30/10/2012 17:35

River and Mercantile adding to their stake as well - up to 5%.

Bid coming for sure.

[che7win] 29/10/2012 17:35

philjeans,
just a comment - whether a poster is keen or not on a stock shouldn't influence you. You are responsible for what you invest in and if you think a stock is ramped why invest or stay invested? DYOR.

As you know with TNI, a share price doesn't always correlate to underlying fundamentals. Plenty of investors well down in TNI despite the persistent rampers. Not knocking TNI btw, I like it on fundamentals and I've owned before.

Back to topic - Interim Management Statement should be expected here in the next couple of weeks (mid-November).

[philjeans] 29/10/2012 16:39

Odey stake now up to 20% - very encouraging!!

[valhamos] 29/10/2012 13:33

Crawford = che7win

[philjeans] 29/10/2012 13:15

I wonder what happened to Crawford - he was SOOOOO keen on STVG !!

[philjeans] 26/10/2012 09:42

Huge t/o in shares this am; look like BUYS but could be switching funds.

S/P well up at long last - this has been a dud for me after crawford persistently ramped it.

Could be t/o hopes in due course.

[che7win] 25/10/2012 09:12

Just a reminder here, STVG to comply with banking covenants has to pay back £7.5m debt in December. With the £5.7m cash payment two days ago being used to pay back debt, they are on forecast to reduce debt to less than £48m at year end. The market will probably not take notice until results, giving a window of opportunity to accumulate IMHO.

I remain overweight as I'm expecting a much stronger H2.
The commissions they did earlier in the year should be received in the second half which should make for good results.
I expect £8.4m revenues from commissions second half of the year and maybe £2.5m profit from this side in H2. Worth noting that the first half carried a lot of the costs with delivery and revenue received in the second half (hence the reason they didn't make money from commissions H1).

Some of the non-broadcast revenues in the pipeline:
The antiques roadtrip series they did for BBC2 (currently showing on BBC2)
The Poisin Tree drama for ITV which will be shown this autumn
They have won a commission from BBC2 for a 20 show daytime celebrity cook series
They have won commissioning of 'Catchphrase' for ITV.
They are also working on on the major international co-production – the historical
drama series Wallace.
They are expanding away from broadcast revenues and it's worth noting that the non-broadcast side carries higher margins so clearly they are making good headway on their KPI's for this.

At some stage we should also hear news of the two new ventures they've hinted at.

Advertising revenues I expect will remain flat this year and probably until the wider economy turns around.

The one negative that I do want them to address is the pension deficit but this has been constant over the past year.

All IMHO.

[che7win] 24/10/2012 19:58

Nice news, must admit I wasn't aware of this:


RNS Number : 3341P

STV Group PLC

23 October 2012

23 October 2012

STV Group plc confirms receipt of loan note

STV today announces that it has received payment of the deferred consideration loan note (GBP5.0m plus interest of GBP0.7m) arising from the sale of Primesight on 30 October 2007. The receipt is in line with expectations and the funds will be used to reduce bank borrowings.

Enquiries:


STV Group Plc
Rob Woodward, Chief Executive Officer
George Watt, Chief Financial Officer
Eleanor Marshall, PR & Comms Manager 0141 300 3670
College Hill 020 7457 2020
James Hogan
Jamie Ramsay

This information is provided by RNS

The company news service from the London Stock Exchange

END

[che7win] 05/10/2012 23:14

ITV's relentless rise makes an approach by them for STVG more likely using a share offer.

[che7win] 02/10/2012 10:36

ITV bid rumour of 140p in the press.

Anybody wanting to take them out would probably want to tie up loose ends and take STV out too at some stage IMHO.

[che7win] 02/10/2012 09:45

This one is well under the radar, just the way I like it.

The next set of results should make the market sit up and take notice. Debt falling from here on with Peel Hunt stating their opinion that the shares remain significantly undervalued.

They are also working on a couple of initiatives as part of their strategy of diversifying away from advertising revenues - it will be interesting to see what they are.