|Woodford Patient Capital Trust
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Woodford Patient Capital Share Discussion Threads
Showing 1026 to 1048 of 1050 messages
|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 ...|
|Ignore Liquid Underpants's gibberish. He is a rancid little recluse who sits all day in the middle of a field digitally pleasuring himself. (He never manages the end bit, though, LOL LOL).
He fancies himself as a bit of an investment guru and gives advice on all kinds of shares none of which he knows anything about. For instance he's been slagging off Woodford's Patient Capital Trust for aeons, quite impotently. Indeed in July he was shorting it, or so he claimed. He was trying to get other holders to do the same. So what happened? They shot up about 15%, that's all!
He is also pretty thick about other financial matters. He avoids making a profit at all costs in case he has to pay Capital Gains Tax! Can you believe it? As if!!!
He also excuses himself for always making losses by saying that they can be very useful to put against his tax liabilities. The dope hasn't twigged that you've got to make said gains before the losses can be used.
He has also been making psychopathic fantasy posts pretending to smash those that disagree with him with a cricket bat about the head! Weird ain't a strong enough word.....|
|The slight uptick in the NAV is because of the 40% upswing in you know what.
- He ain't doing this for free is he - performance or not.
- The average FTSE 100 chief executive received £5.5 million in 2015
Testing for fool’s gold in IP
'Touchstone is the jester in Shakespeare'
evergreen funds: IVO, ALM, IPO, MERC, MLC - ALL OF WHICH are in the WPCT
'may be the only way that ordinary investors can gain access'
'These are private equity punts'
'Fund valuations are based how much money can attract from investors'
'values remain tied to binary events'
'these funds rarely pay dividends or distribute proceeds'
'money is tied up for decades'|
|riskvreward - You are quite right, by way of example I was just making a statement
that 10% pa compounded doubles over 7 years which I personally do not regard as a satisfactory target, especially considering in the past Woodford has performed way above this. He set the bar at 10% before fees and as you rightly say is way under water.
|topvest - I think that's a strategy used by some IT investors: buy the trusts with the worst 2016 in Jan 2017 (etc.).
Maybe a better strategy: I started my investing life with pound-cost averaging, where we put something like £50 a month into four ITs which had low cost plans. I don't know if this sort of thing still exists, but it was very profitable over a period of about 15 years.
If I invest in WPCT, that might be my approach (maybe £1,000 each quarter), since I just can't time the right entry point with this kind of trust.|
|Yes and in a bad year it could halve...time to buy is on a bad year which we haven't had yet.|
|Let's be honest, in a good year the share price could easily double. Just be patient, FFS.|
|Well AO you are talking about doubling your money from year one in 7 years to make it compound of 10%. The situation here is it is already 10% down with 2 years almost gone, so to make it double in 7 years means that it needs to go up 110% in the next five years, which is not impossible but much harder than making 100% in 7 years.
What is more if it underperforms in years 3, 4 , 5 then it will become an almost impossible task, barring miracle.
It is extremely disappointing performance considering 1) the general market index, be it ftse100 or ftse all shares has gone up significantly over the same period and 2) WPCT performance has been flattered by about 5% benefit of £ losing almost 20% as wpct has roughly 25% US companies in its portofolio which are valued in $.|
|Interestig volume and price held and perked up.
We shall have to wait and see.|
|FWIW 10% pa growth doubles in 7 years. I think Woodford set the bar at this level before charges as this would be expected minimum return on state of the art Pharma and Hi Tec companies, however they take time to build up steam and as previously mentioned some may go bust and he will need powerful performers to achieve his target, my guess is he will have some time to wait before he gets his fees unless he can make some stunning exits and some luck, having said this he is the go to man for entrepreneurs.
|Having some unlisted portfolio holdings will help NAV hold up if a bust happens rather than just a drawn out deleveraging. I have been adding as a percentage of portfolio and will try to maintain that percentage on price weakness.
|Look at volatility vs alternatives and it is less in wpct. Just treading water until some of the current global and uk imbalances are cleared will be an achievement.
My take is the UK needs what wpct (& ipo) are looking to offer.
UK Gov should be on side.
Timing is always the unknown so waiting for a trend to show might be sensible, trend following the like of wpct and ipo. However, if you want to build a reasonable stake it's the usual pound cost averaging over time and current price and discount to NAV doesn't look too unattractive.
I see ipo and wpct being a multiple of today in 5-10. Another ipo cycle will arrive and substantial value arrive. First the world will have to work off excesses or have a bust.|
|The normal rule of IT is the poorer the performance the wider the discount. So unless a sharp turn-around appears from nowhere the discount will get wider for wpct, especially it offers no income to compensate.
It is true that Woodford won't make a fee unless the trust makes a return greater than 10% pa compounded. However the longer it under performs the harder it can ever meet that traget and as such he may either gamble even bigger or completely give up which can make it even worse.|