Facilities Adf Share Price (ADF)

FY23 results are due this month, outlook section and the promised guidance for FY24 will be key.

This share could do with a Board upgrade on trade and contracts like others shares post. Otherwise it will continue on the drift down.

Relevant text from Chancellor's speech:

"We have become Europe’s largest film and TV production centre with Idris Elba, Keira Knightley and Orlando Bloom all filming their latest productions here.

Studio space in the UK has doubled in the last three years. At the current rate of expansion, we will be second only to Hollywood globally by the end of 2025.

In the Autumn Statement, I committed to providing more tax relief for visual effects in film and high-end TV. I can today confirm we will increase the rate of tax credit by 5% and remove the 80% cap for visual effects costs in the Audio-Visual Expenditure Credit.

Having worked closely with the Culture Secretary and listened carefully to representations from companies like Pinewood, Warner Brothers and Sky Studios, we will provide eligible film studios in England with 40% relief on their gross business rates until 2034.

And having heard representations from the British Film Institute, PACT and indeed the Prime Minister, we will introduce a new tax credit for UK independent films with a budget of less than £15m."

With the great news for the Film Industry just announced in the budget this should fly again now it’s a great investment at these prices.

In February last year we received a RNS on years trading results so must be something due shortly.