STV Group (STVG)

Sector:

Media

Index:

FTSE Small Cap

234.50p
   
  • Change Today:
      7.50p
  • 52 Week High: 256.50
  • 52 Week Low: 176.50
  • Currency: UK Pounds
  • Shares Issued: 46.72m
  • Volume: 16,980
  • Market Cap: £109.56m

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STV Group advertising revenues accelerate in Q3

By Iain Gilbert

Date: Wednesday 04 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Broadcaster STV Group said on Wednesday that advertising revenues had improved at a better than expected rate in the third quarter on the back of a stronger viewing performance in the period.
Third-quarter total advertising revenues fell 4% year-on-year, while STV-controlled advertising was higher - with regional advertising up 8% and video-on-demand advertising up 10%.

Also driving the outperformance, STV highlighted that television viewing was up 13% in the three months ended 31 October, while online viewing was 82% higher.

The AIM-listed group also maintained its previous guidance for the group's studio production wing, with the impact of shuttering due to the Covid-19 pandemic being only "limited".

Chief executive Simon Pitts said: "Despite the ongoing challenges around Covid-19, I'm encouraged that the advertising market has recovered strongly across the summer and autumn, demonstrating the enduring power of television and our ability to come through further uncertainty with confidence.

"We remain confident in our prospects for growth, and look forward to finishing the year strongly on screen with November traditionally our biggest month of the year."

As of 1330 GMT, STV shares were untraded at 261.0p.

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STV Group Market Data

Currency UK Pounds
Share Price 234.50p
Change Today 7.50p
% Change 3.30 %
52 Week High 256.50
52 Week Low 176.50
Volume 16,980
Shares Issued 46.72m
Market Cap £109.56m

STV Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.76% above the market average88.76% above the market average88.76% above the market average88.76% above the market average88.76% above the market average
90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average
Price Trend
11.20% above the market average11.20% above the market average11.20% above the market average11.20% above the market average11.20% above the market average
31.91% above the sector average31.91% above the sector average31.91% above the sector average31.91% above the sector average31.91% above the sector average
Income
74.53% above the market average74.53% above the market average74.53% above the market average74.53% above the market average74.53% above the market average
68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average
Growth
43.44% below the market average43.44% below the market average43.44% below the market average43.44% below the market average43.44% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

STV Group Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 21-Sep-23
Paid 31-May-24 02-Nov-23
Amount 7.40p 3.90p

Trades for 28-Mar-2024

Time Volume / Share Price
15:20 380 @ 232.64p
12:46 8,000 @ 237.00p
12:25 2,100 @ 237.42p
11:01 2,800 @ 233.00p
11:00 2,800 @ 232.00p

STV Group Key Personnel

CEO Simon Pitts
CFO Lindsay Dixon

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