Schroder Uk Public Private Share Discussion Threads

[saltraider] 28/4/2021 20:33

It's that 'feeling in your bones' thing ... that 'something' that you can't quite pin down. But I feel ON is going to totally soar ... no matter it is being floated on the LSE and not in New York.

Not a lot of science in my 'alleged' analysis. But this is no Deliveroo.

[saltraider] 28/4/2021 20:19

Well ... timing is the key. But the cheapest way to buy exposure to ON is SUPP ... by a long way.

[chucko1] 28/4/2021 20:06

The point about investing via IPO is that you did not expose yourself to the very likely further markdowns in the NAV of the other stuff (in SUPP). So, the idea that you get better (lower price) like-for-like exposure via SUPP is missing the point. As has been shown the past year (IPO up 200% or so and SUPP up 50% or so). They might have said precisely the same thing then.

But what of the future? Closer call now but only because of the further write-down suffered by SUPP (basically another 12% taken from the share price). If they have IH valued still at anything other than nominal, then you can add to the troubles. And what of the future funding requirements? Why bother with the baggage?

[saltraider] 28/4/2021 19:41

There is a post on Stocko that works through the numbers in detail. The price of any given level of exposure to ON is significantly lower through SUPP than it is through IPO.

[saltraider] 28/4/2021 19:38

Unless I am mistaken,SUPP is a cheaper way to buy exposure to ON than IPO.

[Edited for bad grammar only. I HATE that!]

[zimmie] 28/4/2021 19:22

Let's meet back here in a year's time: my monies on SUPP btw. I'll leave you both with a little gift : LGRS

[bitgold] 28/4/2021 16:59

I feel quite angry when I look at this chart. Not just with Woodford and all the others who've taken a cut along the downward slide, but it's clear that in mid-January 2021 someone had a good idea what the NAV was going to be and, despite it continuing to be marketed as a great recovery story, when it was made public in April it wasn't going to be great. Even if you trust the current NAV (I don't), expect it to drift back out to 20%+

[chucko1] 28/4/2021 16:22

Except that even post-hoc, SUPP has been poor. Look at IPO, WWH, PCT, many US biotech - in fact, too many to list.

Risk-adjusted, its quite a bit worse, but let's stick with the uncomplicated stuff for fear I lose part of the audience.

It's not just the numbers, but, as you say, the narrative. The narrative on SUPP has only the varnish of ON to protect from further rust. But you can buy the same varnish from the IPO store. It's open 5 days a week from 8.00am to 4.30pm and there is no social distancing.

What is it about the SUPP/WPCT fanbois? Quite remarkable.

[jonwig] 28/4/2021 15:03

Ah, zimmie, almost any investment can claim success on a post-hoc timescale. Sure, comparing April '20 and April '21 does the biz, so park the hindsight and tell us what next.
More specifically, why was the writedown of IH not accompanied by any narrative?

Just being nosey, but you've been a member since 2015 and have made five posts, all recently about SUPP. Did you perchance buy the Woodford story at 100 and are in a prolonged sulk?

[zimmie] 28/4/2021 14:04

So, apart from IPO, I am surprised you don't have an alternative we can benchmark against SUPP over the coming year. Actually, Mr Know-nothing, I am not surprised. SUPP has made (what was it) 31% over the last year? I anticipate something similar over the next 12 months. I ask you again Mister Know-nothing let's see how good you really are : give me a name of a similar Investment that will do those numbers over the next 12. No more snide comments, we can all do that, a name. My tuppence worth - you cant, and IPO won't.

[chucko1] 28/4/2021 13:28

Seek and ye shalt find.

I have most recently, and often, mentioned IPO. I am surprised you have not bumped into that. Actually, I am not surprised, but we'll leave it at that.

[zimmie] 28/4/2021 13:18

And those alternatives are?

[jonwig] 26/4/2021 08:11

They list IH among companies suffering a significant write-down, then never mention it again, though they do with Atom and BenAI.
I'd guess they've tried to hawk it about, with no luck.

[spectoacc] 26/4/2021 07:26

Good write-up on ON in the ST - great product, low revenues, no profits, but should still do well in this market, so perhaps IPO is a buy.

Little jumping out of this morning's SUPP report, with the possible exception of:

"Our current aim is to invest in two new private companies and two new public companies during 2021, and we have started curating an exciting pipeline of innovative UK businesses for consideration."

[jonwig] 25/4/2021 11:11

The Times;

Neil Woodford has registered a company in the Cayman Islands as he tries to relaunch his investment career.

The disgraced fund manager, who angered savers two months ago when he announced his comeback with a new investment management firm, has registered WCM Healthcare Partners in the offshore jurisdiction, according to Citywire. It comes almost two years after the Woodford Equity Income Fund was suspended, trapping £3.7 billion of savers’ money.

They won't brush him off.

[ayl30] 25/4/2021 07:40

https://www.thetimes.co.uk/article/oxford-nanopore-the-dna-detectives-on-the-trail-of-3-9bn-blockbuster-float-tb2257wl9?shareToken=b44c1736a2c75d1c2f17cde55cfd7de8

[spectoacc] 23/4/2021 16:18

CityWire finally doing some good stuff on Woody - about 4 years too late, but still:

[spectoacc] 23/4/2021 07:33

SUPP has 3.1% of Mafic:

[spectoacc] 22/4/2021 15:41

Revenues $52m, losses $72m - presumably 2020 will look better. And the market seems fine with strongly-growing loss-makers.

They'd best not be too late in "the 2nd half of 2021" tho.

[daffyjones] 13/4/2021 07:23

From today's Torygraph:

Neil Woodford’s protégé Mark Barnett is making a return to fund management, less than a year after leaving asset manager Invesco following years of poor performance.

Mr Barnett is to join Tellworth Investments, a small fund group with £800m in assets under management, set up by former Schroders managers Paul Marriage and John Warren. He is expected to run a new fund investing in British dividend-paying stocks.

Mr Barnett left Invesco in May last year after prolonged poor performance at the helm of the Invesco UK Equity Income and UK Equity High Income funds he inherited from Mr Woodford.

The funds lost 23pc during his more than six years in charge and dwindled in size from a combined £24bn to £5bn.