Hi John Certainly sounds like you have 'Strawboard' from the posts I see you mentioned the builders they are the same group that built the houses we worked on in the NW. The board as i wrote earlier is aprox 2 1/2 " thick and came in 6x3 6x2 and
8x3 sheets if I recall. It was fixed with 2x2 wooden battons nailed into the roof & floor with uprights slotted into the board edges. All the people we kept in touch with have ripped it out and restudded due to its lack of fixing strength and as you say expanding when wet. Might I sujest you consider hanging your tv from wire fixed to the roof joists or as has been already said screw straight through into the stair riser. If you batton the rear you may find (as a customer did when fixing a shelf this way) that over a period the whole thing slips down the wall leaving a slot behind.
In truth strawboard was and still is a very bad building medium and was only used because it was cheep.
Regards
CJ