Reneuron Share Discussion Threads

[tewkesbury] 05/6/2019 09:05

Check out BBSN for a quick quadruple.

[rayrac] 05/6/2019 08:39

Other than the next results? And that’s teasing the hell out of the share price

[nextlink] 04/6/2019 19:34

Woodford Investment Management Limited 35.39%
I took that to be WIEF, the suspended Unit Trust.
Looking closer it does appear RENE are all held in WCPT.
So as you say Woodford will not need to sell any RENE.

However it is such a mess I don't think anyone can be certain
of the final outcome.

RENE shareholders have nothing to concern them.

[fardistanthills] 04/6/2019 17:09

As I understand it RENE is held in Woodward's Patient Capital Trust - an Investment Trust, some of which is held in the troubled Woodward Equity Income Fund.

This latter does not directly hold RENE. But because WEIC is structured as a Fund it cannot trade at a discount to the value of its holdings and so has to sell some of what it holds when investors want to redeem. Because of poor performance and the particularly high recent rate of redemptions - Kent CC being the latest - it is under pressure to sell more of its holdings than is realistically possible, which has forced upon it the current suspension. So amongst other things WEIC may be selling or have sold WPCT.

But since WPCT is structured differently - as an Investment Trust - this "merely" results in the discount between its quoted price and what it holds widening, but there will be no need for WPCT to sell RENE or anything else it holds.

Please correct me if I have got all this wrong.

[martinfrench] 04/6/2019 17:00

daff,

dont think these days he can take a very long term view, he needs to show positive yearly returns real quick.

yes, if news is as expected on rene, it should clear his 5p ish average. what he does then who knows but if we can see the finish line after next updates (and i'm talking another big partner and continued retina success, though prob not quite as good as the last as the baseline higher....but if IS as good, then look out....)

why he invests in companies like kier are beyond me (prob diff fund), everyone knows they have paper thin margins, bid on tons of projects to get the order book up, cant bring home the bacon and then have profit warnings due to inevaitable cost overruns.

not too difficult is it.

[daffodil4] 04/6/2019 16:49

martin

I think Woodford takes a long term view, just think how
long he has been invested here..But my point is at this
critical time for him he will have to look at what stocks
have the best near term chance of a very good return and
which ones have potential further down the line....If I
were him, I know which I would sell....We are due news
on so many fronts in the next few weeks/months it must
be a keeper IMHO...We can only speculate...GL.

[martinfrench] 04/6/2019 16:40

daff,

where your argument doesnt hold is that i'm sure he has conviction in all his stocks or why would he hold them ? some will be underwater like rene but some wont.

If he is doing a clean up exercise i would expect at least a percentage of rene to go, especially after his fund is only locked up for 28 days, there will be a response by investors once that is up and i'm sure there will be more sells. he is up against the wall.

he might be waiting for the next news, and sell into it or he might not sell at all, but for what is < 1% to him but 35% to us is a bit worrying.

however......if our next bits of news are as good as expected he will have no problem selling and should be ready buyers.

[nextlink] 04/6/2019 16:29

He knows good news here is around the corner, we have all seen
this upturn in the first half of this year.
However he is being forced to liquidate any and every
liquid holding and RENE is readily traded.
Holding over 35% even a modest reduction will put pressure
on RENE's shareprice.
Given all that has been made public yesterday and today regarding
his funds and the position his friends at Hargreaves Landsdown are in
he needs RENE to move higher yesterday.
I doubt RENE is not on his sell list every other liquid investment is.

[daffodil4] 04/6/2019 11:07

Lauders....He has a massive investment here, and
he will know better than anyone that the next update
if positive will no doubt cause a significant rise,
plus we are in NY today with one to one meetings
so Partner news could be anytime..RENE is in a great
position to rise cosiderably in the next few months..
So I think his judgement on a lot of his investments
is most certainly questionable....he seems to have
highlighted RENE as one of his better calls....IMO
HE needs to rebuild his reputation, so doubt RENE
is on the sell list....to say that in April and sell in June
would indeed damage investor confidence at a critical time
for him....he has a mountain to climb...but I genuinely
think he will not reduce his RENE stake...But agree
a worrying time for those in the suspended Fund ...

[rayrac] 04/6/2019 10:58

Woodford went over the top in spec/future promising co’s. He’s been riding a fall for some time. Can’t take that as a market signal! He gambled.

[lauders] 04/6/2019 10:47

Trouble is daffodil4, who really believes what he says now given the suspension of the fund etc... I sure hope that he is correct with the "profoundly" undervalued bit. Only time will tell and I have a holding that will hopefully benefit from any rerating that may come. I hope for Woodford's sake, and ours, and especially the patients that good news comes soon. GLA!

[martinfrench] 04/6/2019 08:33

He's put Rene in the equity income fund ?

That will be a few years off....

[rayrac] 04/6/2019 06:53

Equity income fund...was my sisters!

Thanks volsung.

[volsung] 04/6/2019 02:41

1.31% of the Patient Capital Trust and 0.44% of the Equity Income Fund.

[rayrac] 03/6/2019 23:33

He’s probably waiting for news from some of his holdings? Although he might be holding 35%+ of rene, its just a very small part of the Woodford fund. Don’t quote me, but I believe its less than 1%?

But it’s not a ideal situation for rene as martin says. Let’s hope he’s not a forced seller before we get what we all expect from the trials!

Whatever, the final outcome will only be affected by the trial results.

[martinfrench] 03/6/2019 21:44

Which does worry me to be honest.

Are we in his patient fund that has been closed to buying and selling ?

[brianbadonde] 03/6/2019 21:01

Woodford 35% holder

[rayrac] 03/6/2019 19:31

Just the vagaries of the market place! :(

[rayrac] 03/6/2019 15:37

Phew! Had me worried for a while there daff! :)

Sp moving forward now...news perhaps? Or just the vagaries of the market place.

[daffodil4] 03/6/2019 15:28

Rayrac...I was joking..GL.

[daffodil4] 01/6/2019 09:36

Potentially news on a few fronts, Partner news,
CTX update, Also the 1.1 Million buy this week
requires an RNS as over 3% and Monday is the last
day this must be reported by, so it looks like an
overseas buyer, a UK based buyer would only have
2 days to report....so will be interesting to
see who has made a considerable investment here...
Warren Buffett mentioned on another board.....maybe!
GLA !