Stockcube Share Discussion Threads

[shakyhands] 06/4/2008 20:33

With no news,it's the cash that's underpinning the stock price.

[mctmct] 04/2/2008 15:00

Some movement ...

[hugepants] 14/1/2008 17:41

Im wary about buying these just now. SKC dont perform as well when market sentiment is poor and the last time they went into loss the markets were depressed.

[mctmct] 14/1/2008 12:24

These have drifted a long way, yet there has been no bad news, and they remain profitable. Any views?

[diogenesj] 22/6/2007 18:35

There is a complicated explanation of the tax position in the circular sent to shareholders earlier. I'm not sure that I fully understand it. However, it does say that 'no part of the proceeds received by a shareholder on cancellation of the B shares should be an income distribution in the shareholder's hands'. It adds that, just in case, the company will seek clearance from the tax authorities and will notify shareholders via an RNS before the date of the EGM if clearance is refused. As no notification was issued, I think we can assume that it is not income.

I see that I did not get the capital gains tax position quite right above. It says that the B shares will be treated as the same asset, acquired on the same date, as the ordinary shares for CGT purposes. The CGT base cost of the B shares and the ordinary shares should be calculated by apportioning the base cost of the ordinary shares between the B shares and the ordinary shares based on their respective market values as at the date of any disposal for CGT purposes (including on cancellation).

So I hope that is all now clear. On receipt of the 25p per share, you have disposed of 5 B shares for each ordinary share you held, and you now know how to calculate the base cost of those B shares and the remaining ordinary shares for CGT purposes.

Or not, as the case may be. :-)

[kennerland] 22/6/2007 18:12

the payment is a dividend,and therefore will not be subject to capital gains but will be treated as taxable income ( if i've read it right ).

[diogenesj] 22/6/2007 16:25

Well, if | have understood it correctly, shareholders get a return of capital of 25p per share on or about 27 June. It is not taxable, but the effect is to reduce your original cost per share by 25p. (I hope someone will tell me if that is wrong.)

[mctmct] 22/6/2007 15:57

I've lost the plot here.

Who gets the cheques? For how much?

[diogenesj] 21/6/2007 23:09

Phew, had me worried for a moment!

[wiganer] 21/6/2007 13:01

Stockcube Court Approval granted for capital reorganisation


"Stockcube plc (the "Company") announces that at a hearing of the Companies Court on 20 June 2007 the
Registrar of the Court approved the proposed reduction of capital outlined in a special resolution
passed at the Company's extraordinary general meeting held on 23 May 2007. Valid elections to defer
the cancellation of 3,401,425 'B' shares of 5p each ("B Shares") until 2008 were received, and the
remaining 44,651,725 B shares were cancelled in today's reduction of capital. Accordingly the
authorised share capital of the Company has been reduced to £1,620,071.25 divided into 14,500,000
ordinary shares of 10p each and 3,401,425 B shares of 5p each. It is anticipated that cheques will be
posted in respect of today's reduction of capital by 27 June 2007."

[davidosh] 20/5/2007 22:51

Just checking...Any of you guys going to the AGM this Wednesday ?

[moogies] 17/5/2007 09:09

STOCKCUBE PLC (the 'Company')
Holding in Company

The Company was notified on 16 May 2007 that Financial Media Holdings Limited had made the following
purchases in Ordinary Shares of 10p each in the Company ("Ordinary Shares"):

26 March 2007 25,000 Ordinary Shares of 10p each;
16 April 2007 25,000 Ordinary Shares of 10p each; and
14 May 2007 25,000 Ordinary Shares of 10p each.

Prior to the above purchases, Financial Media Holdings Limited held 812,500 ordinary shares of 10p each in
the company, representing 8.45% of the company's issued share capital.

Following the above purchases, Financial Media Holdings Limited now holds 887,500 ordinary shares of 10p
each in the company, representing 9.23% of the Company's total voting rights.

For further information please contact:

Shirley Yeoh 0207 3524001
Stockcube Plc

David Seal 0207 4484400
Blue Oar Securities plc

Stockcube PLC

[myopia] 13/5/2007 10:55

have they sent out the circular yet about surplus cash to shareholders? - If i were to invest now would I be entitled to that do you think? Many thanks.

[hugepants] 26/4/2007 11:08

Yes, H2 results were a bit disappointing. I think current share price is about right. The operating business made profit of about £300,000, say £200,000 taxed. So I think its worth about 2M. Add on the cash and property assets and you get 6.5M.

[james 2] 25/4/2007 10:16

Results are out wth a 25p return of cash [about bl00dy time] & 1p dividend.

EPS of 3.6p is below my own expectations [2nd half is below 1st], still a single digit PE so some upside although growth is fairly unimpressive compared to the likes of IIR etc

Stockcube research talks of teething problems due to the change in the research enviroment - other companies that have embraced the change in how research is paid for have seen huge growth.

All in all a steady set of results imo but nothing to set the pulse racing thats for sure !

[orinocor] 25/4/2007 09:40

davidosh was wednesday a definite date or just a possibility

[james 2] 25/4/2007 08:54

No results unless my monitor is broken, keen to see them but happy to wait.

regards

[james 2] 24/4/2007 17:02

Strip out the cash and assuming a FY EPS number of 4.4 gives an historic PE of 7 or thereabouts. So an share price of a pound leaves an undemanding historic PE of 12, although its fair to say this has always traded well below fair value as I am sure hugepants will tell you.

Will be looking at the commentary for anything relating to the sector & influencing both SKC & IIR.

[philjeans] 24/4/2007 16:51

James - I agree but it does provide a strong underpinning for the price.

I hope it'll be 5p +.

You'll be comparing/extrapolating with IIR no doubt!

[james 2] 24/4/2007 16:10

What EPS you looking for phil ? If they match 1H then 4.4p for the year, but hopefully they will exceed this. Cash in bank will presumably be somewhere around £4.5m, still wish they would put it to work rather than leave it sat in the bank.

[philjeans] 24/4/2007 15:57

This is encouraging - tune in early tomorrow guys.

[james 2] 24/4/2007 11:46

Please do phil :o)

[philjeans] 24/4/2007 11:20

Huge cash backing; strong market niche; growing customer list....I could go on.

[hugepants] 24/4/2007 11:13

Lets hope this rise is a pre-cursor to good final results tomorrow.