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Future - Announces another £55m buyback

June 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FUTR
  • Price:
  • 672p
FUTR has continued to generate a tidal wave of free cash (£116m in the latest H1!) , which it has used to repurchase shares for cancellation. Over the past six months, it spent £40m and this is enhancing EPS through both a reduced share count and lower interest payments. With £30m remaining on the existing buy back, newly appointed CEO, Kevin Li Ying, has announced a new buyback of £55m. And why not? Based on forecast EPS of 125p, the shares trade on a PE of 5.4. Net debt is now pared back down to £241.2m or just 1x EBITDA.  H1 results were as expected. Reported sales were down 3% year-on-year to £378.4m but adjusting for the disposal of 19 marginal brands, the organic revenue decline was only 1%. Operating profit declined ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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