|Woodford Patient Capital Trust
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Woodford Patient Capital Share Discussion Threads
Showing 1051 to 1073 of 1075 messages
|PRTA up 8% overnight, PURP going great guns recently, could WPCT wake from the doldrums.|
|"As a cynic I would say a way for management to possibly mentain a book value until something seriously goes wrong with thee unlisted investment and they have to write down the value."
Yes, I would have the same view.
You just have to remember that unlisted securities are valued by only a handful of people with a greater influence on perceived valuation from those in the business - founders and seed investors. Much of this happens before there is real opportunity for the valuations to be proven or realized. This is at the opposite side of the spectrum to fully listed business where the product or service - at that point - has sold and where the valuation is the market involving many thousands of participants.
Use it in this case as a very loose yardstick. As the small businesses develop the correlation between the NAV and underlying assets will improve.|
|Toffeeman- Certainly for start-up. It is usual to value the share price at the price per share pbtined in the last round of financing. If no round after the initial finaancing then at the share price obtined during the initial round, This can cause accounting glitches where the the last round was say in convertible prefs or loan stock with a high coupon.|
|I assume it's regulation to post nav - but it must be open to interpretation|
|Toffeeman - As a cynic I would say a way for management to possibly mentain a book value until something seriously goes wrong with thee unlisted investment and they have to write down the value.|
|Someone please explain the relevance of net asset value (and so discount/premium to NAV), when about 50% of the portfolio is unquoted securities?|
|Citywire article today
Worth a look re long term
|On a positive note...
Purplebricks up over 15% today following £50mil placing this morning. Share Price has almost doubled in 3 months.
WIM holds 29% of PURP.|
|V unusual for any trust to have such a large chunk of nav in a single company as WPCT does in Prothena. I hope the board is being sensible. PRTA's full year results are out on the 14th, along with a webcast to listen in on.
I see that across all his accounts Mr W holds just under 30% of PRTA ie approx $0.5bn of it. Certainly a big bet!
Even at 150p+ there is still likely to be a discount to NAV.|
|Discount to NAV and under the original offer price.
Is this ever likely to reach £1 again ?|
|See that MTPH has issued a positive RNS this AM (Up over 10% at the mo).... one of WPCT holdings.|
|Small pharma should be fine so long as they Innovate. Small are not rippling anyone off on pricing.|
|I can see some US pharmas doing their research oversea's to avoid what it might perceive hostile future legislation.|
|Questor buy tip, eh? Is this a clear sell signal?
Presumably Questor doesn't believe that Trump wants Pharmas to play more fairly. Good luck with that.
Maybe WPCT would be best staying clear of speculative Pharmas for the next 4 years if it ever wants to hit the heady heights of break-even-from-IPO.|
|WPCT tipped by Questor (Daily Telegraph) today, citing attractiveness of current 5% discount to NAV.|
|LK is a fantastic poster as long as you have him/her filtered ):|
|Liquid Faeces, are your postings so incoherent because you mitched from school a lot? Or is it because you are fundamentally thick?|
|WPCT are diverse enough to help in the case of general market drawdowns and the unlisted elements can help in that regard.
I don't see 10% p.a., likely to be much lumpier and the real return when the ipo market is ready and/or various global problems are washed away or defaulted upon.
Between now and then it's worth accumulating imho.
It is less volatile than IPO too.|
|TAM - No, I have him filtered, because I don't want to read his posts, nor do I want to read the posts of people who comment on them.
My last remark on the matter.|
|~~ADVFN*MODERATEDIsn't it nice to be on a WPCT thread where the air is pure and free from LQ's bewildered incomprehensible ramblings?|
the air marshall
|kpo - "Ignore ..." Yes: why don't you?
If you filter, then ignore, completely ignore, he will be invisible. What your post (and others like it) does is encourage him.
Of course, one can also filter people who post about his posts ...|