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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Stockcube | LSE:SKC | London | Ordinary Share | GB00B13WZ374 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 16.50 | GBX |
Stockcube (SKC) Share Charts1 Year Stockcube Chart |
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1 Month Stockcube Chart |
Intraday Stockcube Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/5/2014 | 22:51 | Stockcube with Charts & News | 126 |
| 20/5/2007 | 22:51 | Stockcube: Funny name, bright future? | 187 |
| 09/3/2007 | 07:59 | Pricing Anomaly That Cant Last - STOCKCUBE | 113 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 17/4/2010 08:45 by ianguerin On the company site, there is a document in which Mr Forbes (& probably the others too) has undertaken "not to make any statement which is or may be prejudicial to the success of the Tender Offer". That may well account for the silence.I wonder how much the company is paying Astaire to pay under the odds to shareholders who do accept the tender offer? If the going rate for such an exercise is 20% of the consideration paid, that's another £142k (equal to the annual AIM cost) down the Swanee. In addition to the conservative 9.1p excess of cash & marketable bonds per share over the offer price, there appears to be a hidden property reserve too. I live in the North East & am travelling on business next week, so won't be able to attend the AGM, but will be grateful if anybody attending can ask the questions. I will put them in writing to Mr Forbes if I have time, but may continue to meet a wall of silence. |
Posted at 15/4/2010 06:42 by ianguerin I sent the following via the company's investor page on 7 April, & am still awaiting the courtesy of a reply:-For the attention of Mr Edward Forbes In the company's annual report for the year ended 31 December 2009, net assets of 27.3p are quoted, of which 26.6p per share is in cash and marketable bonds. How then can you & the other Independent Directors consider that the proposal to offer shareholders 17.5p per share is "fair & in the interests of the Independent Shareholders"? If the proposals are so fair, why are the Independent Directors not accepting them? |
Posted at 31/3/2010 23:46 by stewjames gbill,"The Company and Astaire have received irrevocable undertakings from Directors, employees and other shareholders holding 5,539,165 ordinary shares in aggregate at the date of this document, representing 57.6% of the Company's ordinary share capital, that they will not accept or procure the acceptance of the Tender Offer" Directors and employees have alternative means of obtaining value from the company, especially as a private company, and even more so in light of this: "Accordingly, once the operational reviews have been concluded, it is intended that new commission and profit sharing arrangements which the Directors believe to be more appropriate to the size and volatility of the Group's revenue generating capacity will be implemented." Note also that: "If the Burney Concert Party's interest in the Company following approval and completion of the Proposals represents more than 50% of the voting share capital it will be able to acquire interests in shares in the Company which increase the percentage of shares carrying voting rights in which it is interested, without being obliged to extend an offer to other shareholders." This opens the door to the possibility of gentlemen's agreements with the non-employee shareholders they have deemed important enough to contact in advance of the announcement. On this note, I'm looking suspiciously at the 10.4% of shares which are firmly committed to the resolutions, but have made no commitment either way on the tender offer. That leaves them quite a bit of leeway to break the 50% mark. |
Posted at 31/3/2010 22:21 by davidosh This is the bit that would worry me...Following approval and completion of the Proposals and depending on the level of acceptance of the Tender Offer, the Burney Concert Party may, in aggregate, potentially be interested in Ordinary Shares representing up to 66.3% of the Company's voting share capital. It does not matter how much the NAV increases as it will be under the control of one party and they are directly involved in the business so others are outsiders completely. How will those receiving no payment from the business get any return whatsoever and where is the outer ? The Burney Concert group should just make a fair offer to take it completely private. The market cap is tiny so they could do it without a loan I am sure as the return of cash they received two years ago was far in excess of the market cap now. However you look at it this is a poor return for the patient holder. |
Posted at 31/3/2010 21:01 by stewjames Oh really, gbill? I'd love to know how you came to that conclusion. NAV per share increase? Well, that's just fine and dandy. Please tell me by what mechanism you think you'll ever get to see your share of that. |
Posted at 31/3/2010 11:01 by davidosh I am not impressed either and that is not the FAIR way to leave the market when the cash level is 27p per share ! They also have property assets.The company needs a good reputation to sell its product into the City institutions and this is not the right way to go about it IMO. |
Posted at 16/2/2010 14:48 by davidosh My concern would be if they are going into losses and the business is no longer profitable so draining cash. I would have thought the directors would have been buying a few months back and certainly before the closed period if this is a buy 'one pound cash for 50p' situation and the company generating further cash. They should ensure a dividend gives shareholders a return as even at just 0.75p which was the level last year that equates to nearly 6% yield at the current price . |
Posted at 05/11/2009 18:00 by liarspoker Looks interesting.Bonds plus cash less all liabilities equals 19.87p. A buy of 7,500 went through at just over 17.9p earlier. The receivables plus tangible fixed assets, which add up to 6.5p, are thrown in for free at the current price. |
Posted at 11/5/2009 11:08 by hugepants Net cash is effectively 23p per share here.Earnings 0.9p but they state "normalised" earnings are 1.9p per share. That excludes cost for stock options and one off tax charge. As regards the stock options charge (42 grand) I dont really understand this. The shares in issue are the same, I was expecting to see more shares in issue to account for this. Why has this cost been added. Anyone know? And is it a one off? |
Posted at 12/9/2008 08:47 by deanroberthunt there must be a better way...lets hypothesizesay someone this morning wants to sell, say 10000k worth, the MMs only offer 21p for that amount, but the seller is desperate to offload....now I want to buy and would be willing to pay 24p, instead of the 30p on the offer... Now here's my theory.... I set up a website offering to possibly buy shares off distressed retail investors....so this guy comes along and I offer to take his shares for 24p/share...3p better than he's been offered...now of course I don't have DMA etc.. so I offer to BACS him the money (same day transfer) equivalent to the number of shares he holds x 24p (£2400), minus a small commisssion for my costs....then under contract he CRESTs his shares to me, so I will have 10000 shares bought at 24p, and not 30p + a small commission. maybe the bank would do instant transfer, if the companies trading/profit depended on this...?? thoughts??? |
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