STV is on track for a good first half with growth across the board, particularly in digital and production. On a 9.5x FY16e P/E with dividend support, the share offers good value. Furthermore, the valuation of the defined pension deficits will conclude in this quarter, which should clarify STV’s cash commitments for the next three years and may pave the way for special dividends further out.
26 Apr 2016
A solid start to the year
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A solid start to the year
STV Group plc (STVG:LON) | 236 0 0.0% | Mkt Cap: 110.3m
- Published:
26 Apr 2016 -
Author:
Bridie Barrett -
Pages:
3
STV is on track for a good first half with growth across the board, particularly in digital and production. On a 9.5x FY16e P/E with dividend support, the share offers good value. Furthermore, the valuation of the defined pension deficits will conclude in this quarter, which should clarify STV’s cash commitments for the next three years and may pave the way for special dividends further out.