Virgin territory4 Sep 2018 12:40
I wasn't aware of this move to dual listing. I'm here with one of my largest holdings because I believe in the potential of the company and in David Archer. I sold none on the spike but maybe I should have. If I'd read the RNS's more thoroughly and realised the plans I would have sold and gone. For older investors like myself, one of the considerable advantages in finding good companies on AIM is the Inheritance Tax angle. IHT takes 40% of everything left at death and investments solely listed on AIM avoid that bill, one of the world's largest percentage tax grabs and for a single person where the house alone will exceed the allowance will hasn't changed since the last Labour government when the allowance was raised annually, 40% of everything is a lot. Dual listing destroys that so for older investors this share has now lost appeal to a degree. It may, as David Archer hopes , improve appeal, but I , for one, will be looking for something else after some price recovery in the hope of course that another government doesn't play with the concession as of course is not impossible