Schroder Uk Public Private Share Discussion Threads

[johnwig] 16/6/2021 16:48

Hey, now that winnie and specto have taken a -14% hit on IPO on our behalf, it's looking quite tasty all of a sudden. I'm so glad I didn't buy any when they were going for it with such enthusiasm. It would have been so stupid.


I may take a little nibble tomorrow. Thank you both, thank you, thank you. LOL....

[chucko1] 15/6/2021 10:49

Two statements:

a) Sell SUPP and buy IPO. This will likely prove beneficial

b) For those who are keen on ON exposure and indifferent (or worse, when one considers IH) to the other assets, IPO is likely to be a superior choice.

It is not difficult to differentiate between your narrative (a)), and what was actually written (b))

I also mentioned Hanbury's hedge fund (accessible to retail, apparently) which has about the same exposure to ON as has SUPP. It also benefits from normalisation of COVID-related UK stocks. Alternatives being pharma funds and other tech funds. Or better, a linear combination of Hanbury or IPO, and an alternative. (Hanbury owns IPO, so that must be considered if you can be troubled to look-through.)

With a thin narrative, you can write what you like, I suppose, but from an intellectual standpoint, you should try and include all the sentences written (in a piece) when considering its meaning. Skirting over details is often not good for the wallet, as has been shown by the previous blind faith in Woodford and/or the actualities of WPCT. It didn't even take a lot of effort.

Boris and I had few things in common, so you need to improve your research. He had more in common with Ghislaine Maxwell - very seldom seen in college at all! I liked him, though, even though he did not row. If he had, perhaps he would not have had sufficient time to pursue his politics.

[johnwig] 15/6/2021 09:35

It's obvious that you and Boris, Balliol 1970, were taught to put out a miasma of diversionary fog at the first sign of having to defend your own stupid statements.

Two very simple salient points.

1. You and your troll cohorts jonwig, specto, topvest and others repeated, many times, that SUPP would imminently go bust. Wrong.

2. You and specto announced, recently, to an astonished world, that it would be advantageous (for a complex unintelligible reason) to switch from SUPP to IPO. Wrong and getting wronger.


Are you both sure you should be in the investment game at all, let alone handing out grandiose investment advice daily to people who are much more adept, and richer, than you?

[oiltakeyouhomeagaincaitlin] 15/6/2021 08:45

chuckowinnie was so wrong when he was confidenly shouting that we should sell SUPP and buy IPO. We would have lost 11% by now. Foolish fantasies, eh? He knows so little.

[chucko1] 15/6/2021 08:40

I would check your facts yet again, were you willing or able to do so in an honest manner. The direction of travel was signalled starting from around 83p. At the current share price of 34p, that amounts to a 60% loss. For a fund, that is quite something and I would certainly look back at the events of a year or so ago and agree with Specto - that the risk of bankruptcy was significant after the then 75% fall.

The reasons why or why not may only be known by Northern Trust and the Board of WPCT. As I pointed out at the time, it may have been riskier for NT to bankrupt the fund than put it on life support.

Your understanding of risk (as opposed to this, that or other "after the event" outcome) is shockingly poor. But I rather think the nonsense you post is more a function of ego and hubris.

[johnwig] 14/6/2021 15:02

You and the stupid other trolls did not see the direction of travel of SUPP. You all said you thought it would go bust within the year (choose any year out of 5!). You were all wrong of course: overconfident of your limited prophetic abilities...and repetitively and hopelessly wrong.

It seems that most of you were thinking SUPP was open-ended because you were predicting "redemptions". You were confusing it with the Woodford funds I suppose, which, for your information, were completely different kinds of entities. Amateurs! LOL

[chucko1] 14/6/2021 14:40

"If you want to see which have been my large extremely successful investments you can look around ADVFN. I have declared several of them at the point of investment, unlike you."

So you have posted on 2 in the past 3 months. LIT and SUPP.

Conversely, I have posted on 20 with clear indications of my thoughts and larger holdings. Try reading the KKVL thread, for example, and see how and why it's possible to double your money in no time on a complete mess. Or better still, VSL (which you completely mistook for another UK-focused IT) which is very far from a mess, but still doubled. Or AEWU which is at almost the same level of analysis, opinion and return.

Against that, and what embarrasses you, is that Jonwig, Specto, myself and a couple of others saw Woodford's direction of travel and called it for what it was. Clearly and unequivocally. I am sure others did also, such as one particular "journalist" who seems to make you go mad every time the thought crosses your mind (there is therapy for that, I am sure).

This 2 versus 20 thing is another example of your propensity to write desperate garbage when cornered by the facts. I note your comment about Balliol. Such a comment most likely arises from jealousy when considering the talents and success of the mid '80s cohort. Perhaps you have a dislike of Boris, Cressida and/or Stevens and it has dominated your thoughts. You should refocus - the scientists tend to be rather more below the radar.

Or did you simply get rejected! No shame in that - it was a highly competitive era.

[johnwig] 14/6/2021 13:17

No, you misunderstand, dutifully, nearly everything that is said to you.

1. The main reason to invest is not to score points and troll other users. I believe that I am in the market to make money, and I have done so.

2. It follows that really it is of no interest whatsoever to me to gain exposure to ON as such. (I think that even the sanctimonious jonwig made that point earlier here). In your marvellously perverse manner you and specto set that up as your goal. Is it not crazy to switch to a clearly inferior share which loses you money? It is typical of you, however, to set this up as a diversionary tactic. BTW the arithmetic you deployed in support of your misdirected argument was frankly hopeless and does not befit a Balliol man, parlous as was its standing when you were there. (And I was not the only one to point that out.)

Here's a final point. SUPP has never represented more than a very small percentile of my portfolio, <1%. I'm currently hovering around the break-even mark and am happy to leave it for, as I see it, a long term accretive outcome. If you want to see which have been my large extremely successful investments you can look around ADVFN. I have declared several of them at the point of investment, unlike you.

[chucko1] 14/6/2021 12:06

You misunderstand (again). For those who are looking for exposure to ON, IPO represents a better way of getting this than SUPP. It means that you then only have 75% otherwise at risk rather than 95% or so. (and zero % in garbage like IH).

Of course, if you like SUPP in of itself, then be my guest, but that is not the point. It has underperformed IPO by 65% the past 12 months, but over a shorter period of time, any random noise can be used to bolster a poor argument.

So even "the only thing we know for certain", you are wrong about. Further, to not know about the opportunity afforded by REITs whether historically or since 2020 (and completely misunderstand even when explained to you) barely supports your other claims to investment excellence.

[johnwig] 14/6/2021 10:43

Hmm. The only thing we know for certain from all that is that chucko and friends were VERY CONFIDENTLY telling us to sell SUPP and buy IPO just a few weeks ago. That's at least a 10% loss. Are we then to believe that old winnie has suddenly discovered a way, at last, to make money on the stock market, instead of trolling? (And jonwig and specto?)

I'll happily give you some tips on how to make real money. Unlike you, though, I shall not be so over-confident as to guarantee success although my eight-figure tax-free portfolio betokens a slightly better capability than yours, even as claimed.

[chucko1] 14/6/2021 10:05

On the issue of Susan Searle, I would say that they have been very kind to her. Probably the wisest course of action the past 2 years, but I would not say that she will sleep easily should any of the envisaged legal actions overcome initial hurdles.

"They've missed the stonking recovery of recent months chasing after their funny little REITS etc."

So that would include the 100% return on VSL (including dividends!), or the 60% return on AEWU or the 50% return on SREI. Those are just a small selection among the UK ones (though in large size). [VSL is mere IT, rather than a REIT, but it's worth mentioning as it seems to have attracted ridicule equal to that of the REITs by the author of the quoted sentence above].

Then there are the US versions like O, BIP, ESS, AVB and many, many others where the recovery is even more advanced than that of the UK ones.

Reflect upon this - REITs have outperformed the S&P over the past 30 years (basically since the development of the US REIT market), but it seems that you (Johnwig et al.) have, perhaps like many remaining WPCT holders, succumbed to the need to earn back the previous losses by increasing your investment (and rhetoric) in SUPP rather than focus on what is best out there. Not a sound policy, especially considering the performance of other equity classes such as US REITs has been in the order of 15% per annum the past 2 to 3 decades, so begging for a recovery after a large fall 1.3 years ago. What a missed opportunity for those with tunnel vision (or at least tunnel comments).

A 7 figure profit (so far) for my portfolios since Jan 2020 (although a drawdown of roughly half that amount in March 2020), with REITs and ITs playing a central part. I think more to come, but this is the largest instant gain since my blast on Tier I and II bank debt in 2009 and purchase of the way oversold Aaa Granite (Northern Rock) RMBS. Opportunities such as this are not common, so to prefer a potential (though limited) recovery of the hapless SUPP over the far superior risk-reward of many of the REITs lays bare your wretchedly closed thinking. The 40-60% recovery on SUPP is actually puny compared with the COVID bounce-back names such as TEN, NEX, SGC, WMH, AV/ and many more.

[petethepict] 13/6/2021 17:49

Two great acerbic posts from johnwig on jonwig's losers' thread. LOL

[johnwig] 12/6/2021 10:21

You simply do not like women very much, do you, Specto?

Do you feel a 'little bit' inadequate in their presence?

Perhaps that explains why you bully female shop assistants? And boast about it on ADVFN, LOL.

I reckon there are MANY women who could teach you a lot about how to invest to make money, rather than trolling unsuccessfully along with your mentor jonwig.

[spectoacc] 11/6/2021 14:45

Missed that Susan Searle had retired. On a par with Paula Vennells of PO infamy.

[johnwig] 27/5/2021 08:29

Oh Dear! Spectoacc performing his public act of solitary self-gratification. It's quite pathetic. Perhaps he will again commandeer his old f-buddies jonwig and Winnie to help him out occasionally. They've been at it together a long long time.


The old spaffer will never win any prizes for writing, will he? And he can't afford to buy any lessons. His whole portfolio is sliding slowly into perdition.

[spectoacc] 27/5/2021 07:27

#880 - NAV come in suspiciously at exactly the 40p predicted :)

Still ON hope, OD paid off (hooray), but also still some suspiciously highly-valued holdings lower down.

And Tim/Ben getting punting - will SUPP shareholders ever see anything paid back?

[spectoacc] 26/5/2021 13:28

The Juniors get to punt on something at last:



"Fund managers Tim and Ben said: ‘We see Tessian as a great fit for the portfolio – a high quality, UK-headquartered technology business, with highly reputable co-investors, that is pioneering a disruptive new approach to cybersecurity that is scaling internationally. We couldn’t be more excited by the opportunity that lies ahead of this high-growth innovative business.’


Great, but. They've put in £4.8m. It's a $500m co. Schroders have had more than that £4.8m out of SUPP in fees since getting to the point of making this first new investment. So even if it say trebles over the next 18 months, it'll only cover the fees that Woody wasn't charging.

If I was a shareholder (ho ho) I'd very much want the eventual ON cash returning, not punted on de minimus holdings. Even assuming Tim & Ben have hidden talent, how many successful punts would be needed to triple the share price back to the issue price of 2015.

[kallistos] 07/5/2021 09:30

Thank you M.O. Interesting.

[zimmie] 07/5/2021 08:18

@getrich : A Director (Tim Edwards) has just bought £37,000 of SUPP stock. This should help answer your question.

[magnum opus] 06/5/2021 17:17

I worked for Lloyds for 11 years and I would certainly avoid them, they will put you in to their funds and collect their high fees plus platform fees, or even talk you in to a guaranteed equity plan and collect a sizeable fee in addition to keeping all your dividends, the next mis-selling story if ever their was one. Get a low cost execution only share dealing account and buy reputable investment trusts, those managed by Baillie Gifford, Blackrock, Lindsell Train or Henderson would be a good place to start.

[kallistos] 06/5/2021 16:57

Has anyone here used the Lloyds/Schroder Wealth Management sevice? It would be useful to know what you think. I've made quite a lot of money through Covid but I'm old and tired!

[getrichslowly1] 06/5/2021 14:24

What's the estimated NAV now? Need to decide whether to hold my shares or get rid of this disaster.