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11/01/2013 10:00 Response to Ofcom award of Local TV licences for Glasgow and Edinburgh to STV STV is delighted to have been awarded the Local TV licences for Glasgow and Edinburgh. The two services, GTV and ETV, will be delivered in partnership with Glasgow Caledonian University and Edinburgh Napier University. GTV and ETV will provide an innovative television service to the communities they serve complementing STV's existing broadcast, online and mobile services. These new ventures will also provide media students with opportunities to work and learn in a live broadcast environment.
same here.......not a peep anywhere explaining whats happenning....have ITV muted an offer for them somewhere as that always seemed an obvious outcome?
Why the jump ? When I looked at this BB I expected to see flashing lights everywhere. No rns/ no news/ no comments...all very quiet.
"STV national airtime revenue was down 1% in July and we expect August to be down 6% with September expected to be down 2%," he said. "The regional airtime market remains challenging, reflecting the wider Scottish economy, and we expect the third quarter to be down 12% with regional revenues expected to be up 4% across the whole year."
Scottish digital media business STV posted a rise in profits but said it was cautious about the effect economic uncertainty would have on advertising. The group, which holds the ITV licenses for central and northern Scotland, said pre-tax profit rose 8% to £7m on revenues that were up 1% to £47.6m. A 15% increase in the group's effective tax rate resulted in earnings per share on an unadjusted pre-exceptionals basis dropping 10% to 16.0p. The firm said it was keeping the question of an interim dividend under review and would provide an update in February. STV reported mixed results based on its key performance indicators, with peak time audiences and monthly page impressions ahead of targets, but digital revenues and production margins falling behind. However, the firm said digital business growth had continued with 13% increase in revenue and increased traffic. Over 60% of the company's broadcast audience now accesses STV online. Chief Executive Rob Woodward said the immediate outlook for TV revenues was tough given continuing macro-economic uncertainty and the effect on the TV advertising market.
Broadcasting Outlook We remain cautious on the economic outlook given continuing macro-economic uncertainty and the effect on the TV advertising market. We expect our national advertising revenues to perform broadly in line with the ITV Network for the year as a whole. STV national airtime revenue was down 1% in July and we expect August to be down 6% with September expected to be down 2%. The regional airtime market remains challenging, reflecting the wider Scottish economy, and we expect Q3 to be down 12% with regional revenues expected to be up 4% across the whole year.
Richard Findlay, Chairman, said: "I am pleased to be announcing another period of significant progress for STV. Securing the new Channel 3 arrangements, whereby STV is now an affiliate of the Network, is a key strategic development. These arrangements provide stability for our business, our consumers and our advertisers and represent commercially sustainable networking arrangements between the Channel 3 licence holders." Rob Woodward, Chief Executive Officer, said: "We are continuing to deliver growth in the non-broadcast areas of our business with a 13% increase in revenues in these activities. The strong financial performance delivered in the period demonstrates the underlying strength of our business and we are successfully extending our reach and engaging with new consumers across an increased range of platforms. Today's announcement of another new BBC series commission for STV Productions demonstrates the growth momentum in that business."
Highlights · Production and digital revenues grow by 13% · EBITDA pre-exceptionals up 15% at £9.3m · Operating profit pre-exceptionals up 16% at £8.1m · Pre-tax profit pre-exceptionals up 8% at £7.0m · Net debt down 3% to £55.9m Strategic Developments · Good progress towards achievement of 2015 strategic aims and KPIs on track with 2 ahead and 2 below target · New Channel 3 Network affiliate arrangements approved by Regulator and now in operation · Digital business growth continues with 13% increase in revenue and increased traffic through: - further enhancements to digital and consumer propositions - implementation of new ad serving technology improving commercial proposition · STV Productions achieving growth: - new commission announced for BBC Two, 20 episodes of daytime, celebrity cooking show - new drama commission for ITV announced earlier this month and increased focus on drama development through strategic partnership with Sally Head Productions · Innovative bids made in partnership with leading Scottish universities to secure local television licences for Glasgow and Edinburgh
http://www.investegate.co.uk/Article.aspx?id=201208230700086048K
Numis downgrades STV Group from buy to add, target price cut from 171p to 122p
"Next stop IMO a new top of 200p in April 2011, My prediction from my post of 24th. Feb. I always thought we would win any court case over the ruck with ITV but having taken around 18 months to reach this compromise, announced yesterday, I'm good because the market likes the outcome. The next good news could well be the successful result of the bid, with Channel six, for the new freeview channel. If that happens I'd expect another march North to over 250p. Pip, did you top up before this rise?
Hi chinagirl, Are you still here? Cheap on both historical and forecast earnings, just waiting for the chart to break, to top up. Pip
Bought back in at 67 bottom in July '10. Next stop IMO a new top of 200p in April 2011!!
inals 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
I am gloomy in the long-term. While STV commands a large local audience, the rejection of popular ITV productions for screening in Scotland won't do them any good. "Taggart" has been saved for this year by a cobbled-up co-production package with BBC Overseas and others, but long-term the programme needs a serious lift, perhaps back to the original 3x1 hour episode serial format, with some name guest stars. ITV seems bent on an aimless downward spiral; one month they chase away the traditional Sunday-night decent drama market while another month they half-heartedly try to woo back this audience. Also when ITV3 has exhausted the backlog of decent drama with endless repeats, what then?. An ITV takeover might let STVG shareholders out, but at what sort of low price?
Top sliced a very big chunk of my holding at 109p in line with my post of 16 April .......now I need to know when to get back in again but have lost track momentarily. Any suggestions out there among you true believers?
I think you might need to follow the pattern ITV is taking to get a good indication of where STVG is headed IMHO.
Hopefully it will continue rising next week. I am just a bit cautious as no real news has come out...
Hiya.....I have been in and out of this one for a while...just bought back in 110p. How high do you think this will go? Have i overpaid? Thanks
101p just like a book, but a day late
just logged on - sorry to see you go mate. good luck.
...what makes you so optimistic? Have been invested here for sometime and can t find much to warrant the rise to this gorgeous level. GL tho........
me out.. decided to bank profits and invest elsewhere. GL
101p todays target 220p on news
Tx Mystic good link - now I'm really getting pumped up!!