STV (STVG)

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STV STVG Logo

Mainly Scottish digital media company engaged in the production and distribution of content across multiple devices and platforms, including television broadcasting and the sale of advertising airtime and space in the media

1-Mar-2018 – 358p – £140.9m – PER 8.33

Full Year Results For 2017 – Broadly in-line, the headline is “Resilient performance; increasedreturns to shareholders”, YoY Dividend up 13% and the “additional return of £10 million of capital to shareholders (has) commenced”.

I still have concerns about the growth of Netflix, etc. impacting this area plus the possibility of advertising revenues being cut. I remain Neutral for now.

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