Excellent interim statement20 Sep 2023 18:09
The share price of FUTURA is being adversely affected by the general malaise and despondency permeating everything throughout the Media at the present time.
What has been achieved by a tiny company after years of hostility , errors and adverse publicity is quite remarkable and its change of fortune and exceptional success to date is something that
should be shouted from the rooftops.
Unfortunately long term investment is being actively opposed by a GOVERNMENT,CONSERVATIVE IN NAME ONLY and which is likely to be succeeded by a Labour administration which will do all it can to penalise any form of wealth creation.
Why should anyone invest in a company for the long term however promising, as Futura undoubtedly is , when any profit made will be taxed at the individuals highest rate of tax when the shares are sold ,or his family is charged with the iniquitous IHT should he die .
I am aware that FUTURA being an AIM company is subject to BPR at present but for how much longer ?
Speculators, day traders , call them what you will , are happy to take 10% profit on a regular basis where the chances of HMRC discovering every transaction are fairly remote and this must have an adverse effect on the share price as far as private medium to long term investors are concerned.
Until such time as someone of merit in the City section of the media is prepared to draw the
success of this remarkable BRITISH company to the wider investing public then I’m afraid that us long term FUMSTERS are just going to have to sweat it out.
Let’s hope that not too many of us pass on whilst we are waiting !
GLA,
Arturo