Woodford Patient Capital Share Discussion Threads

[p1nkfish] 18/2/2016 19:44

if it was a concentrated portfolio i would be concerned.
it's not.

as for bio, a major shakeout is called for just as it was in internet stocks a few years back, then look what happened a few years later.

[toffeeman] 18/2/2016 16:17

you can spreadbet WPTC long or short!

[essentialinvestor] 18/2/2016 14:21

LK, why so vociferous in your posts.

I happen to think the biotech bubble is bursting and there is further
downside for valuations, how that precisely impacts WPCT remains to be seen.

However my caution could be incorrect, none of us know the future
and some invest with a very long term view.

There are probably ways to short the sector if you are so convinced in your
outlook.

[liquidkid] 18/2/2016 14:15

There's still a herd of sheeple mustering to get into Biotech - to lock the inheritance away for eternity?

January's 10 most-bought trusts
Rank Name AIC sector 1m share price return to 4 Feb (%)
1 Scottish Mortgage Global -10.7
2 Woodford Patient Cap UK all cos -9.9
4 Biotech Growth trust Biot & healthcare -15.2

[mad foetus] 18/2/2016 12:30

agree p1nkfish, this is very much a lock and put away portfolio. to be honest, I have always assumed that the real growth will come in the unquoted investments and the returns will be very lumpy as some will come to nought and others will be multi-baggers. on the other hand, it is nice to notice how the trolls will scream and shout when an investment goes down (such as when PURP was floated at £1 and sank to 80p), but go silent when they go up (such as when PURP bounced back from 80p to today's price north of 130p).

[the air marshall] 18/2/2016 10:29

Oh dear, wee willie the kid has given up any pretence of being rational.

[p1nkfish] 17/2/2016 23:27

Not healthy to keep looking at the individual portfolio stock performances. Set and forget (some call it patience) is better for the mind so long as the portfolio is large, relatively diverse and weighted to cope with the risk. It is all those things.

[mad foetus] 17/2/2016 16:26

Prothena and NWBO both up 8% atm today

[dr biotech] 17/2/2016 16:02

E-therapeutics makes up 0.11% of the WEIF. Its not in WPCT. There are 150 or so different stocks and some are going to go sour (particularly on here).

Companies like that are risky and its why they are small holdings. I am comfortable with that. If you don't like it then perhaps you should put it in NSI

[prewar] 17/2/2016 12:51

Please leave LK alone, it's half term and raining outside, what else is he to do.

[pete_bane] 17/2/2016 11:31

Hee Hee.

Very good, TAM.

[the air marshall] 17/2/2016 11:25

Liquescent Kid. All your silly and hysterical fulminations are not having any effect, are they? The share is beginning to rise again, possibly to continue.

It's the market, stupid!

[liquidkid] 17/2/2016 09:08

Don't want to have to put out another downer, but you just can't ignore that this is happening on a inexcusable level of regularity.

And now for the Clanger of the week:

Oxford-based e-Therapeutics' (ETX) most advanced drug flopped badly in a Phase IIb study for depression, beaten out on efficacy by an aging generic generiatric.

Is The latest in a long lineup of companies to try a new strategy in combating depression and fail at it. Alkermes (ALKS) recently attempted its own pivotal study using a new study design that randomized nonresponders in the initial placebo group only to concede failure just weeks ago.

This observation sums it up nicely
Mach100 15 Feb'16 (ETX)
Not an investor here but have seen a few presentations at Mayfair. They looked interesting at that time. Today's RNS seems weird to me. It seemed to be presented as good news when it is probably anything but. A massive drop first thing and any bottom feeders would have done well. I can't see given the wooliness of the RNS any great upside on this so I confess I am slightly bemused by the share price partial recovery since the opening.

- The share price movement has all the hallmarks of Woofordunnit Meddling.

[toffeeman] 11/2/2016 18:57

5m trade showing at the close?!

[ceaserxzy] 11/2/2016 18:51

The issue here is the price, which is over generously priced.

Woodford don't get everything right nor does he get all the timing right. However, he did get something right, that is his totally avoiding mining, oil&gas and financials.

If this was priced in 60 to 70 range, I would put some money here.

[chinahere] 11/2/2016 17:39

I like his WEIF but there are definite questions here......

[chinahere] 09/2/2016 19:29

I make it 41.05% unquoted companies using the full list on the Woodford website.

[ceaserxzy] 09/2/2016 19:02

Jonwig, I agree that there is no point to revalue it daily nor will it be economical. What I imply is that we PI need to bear this in mind when making an investment decision. So for this to be attractive priced, it has to be at a reasonable discount, not at a premium as it currently stands.