SKC Stockcube

    Stockcube, provider of technical research and analysis of the relative strengths and weaknesses of
price trends of stocks and other financial instruments, today issues a trading update in advance of
its preliminary results announcement for the twelve months ending 31 December, 2008 due to be
published in April, 2009.

Prospects for 2008

As we indicated at the time of our interim results the uptake of our services is dependent on our
institutional customers' appetite and opportunity to trade and on our subscribers' continued interest
in stock and other markets.

Our costs remain well controlled and are largely 'fixed' in the sense that provision and sale of our
services requires the same degree of analytical skill and research effort regardless of the number of
customers. Accordingly, variations in our turnover impact more or less directly on our operating
profitability. Turnover for the year ended 31 December, 2008 is expected to be around 8% below that
achieved in 2007 and 5% below current market expectations. The shortfall is directly reflected in our
operating profit which is likely to be 40% lower than the current market estimates for 2008 and likely
to be around 60% lower than reported in 2007.


Current trading

We continue to witness consolidation and shrinkage in the fund management industry accompanied by a
current lack of investment activity, whose combined impact is most immediately felt in our
institutional investment advisory services. We are planning for a further drop in group turnover in
the next twelve months, particularly from our institutional clients, which will be accompanied by a
review of the range of services we offer and related cost reductions. Nevertheless, we expect that
when confidence and market activity returns, Stockcube's turnover and operating profit will be quickly
restored.


Contact:

Julian Burney
Stockcube plc                                    +44 (0)20 7352 4001
Shirley Yeoh
Stockcube plc                                    +44 (0)20 7352 4001
William Vandyk
Blue Oar Securities                              +44 (0)20 7448 4400

                                                                
Stockcube PLC



                                                                

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