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STV Group

May 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • STVG
  • Price:
  • 365p
Lack of space meant we didn't include an update on STV last month. Its full year results saw sales up 9% to £112m and pretax profit up 16% to £15.2m reflecting the fact that a greater proportion of STV's increased income is coming from the fast growing digital business and its studio business, which produces programming for other broadcasters and are higher margin. Earnings per share were up 13% to 34.4p. Net debt has fallen by £10m to stand at £35.7m. STV is organised into two divisions: STV Consumer (broadcast and digital) and STV Productions. Consumer is the biggest with sales up from £92.5m to £98.6m this year from running the two channel 3 licences. Within that, digital revenues (video on demand on STV player and its local TV ...

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