Woodford Patient Capital Share Chat (WPCT)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Woodford Patient Capital Trust Plc	LSE:WPCT	London	Ordinary Share	GB00BVG1CF25	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.95	3.29%	29.80	29.35	29.80	30.05	28.20	28.55	1,487,907	16:35:27

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Equity Investment Instruments	0.0	-3.8	-0.5	-	271

Woodford Patient Capital Share Discussion Threads

Showing 11601 to 11621 of 11625 messages

Chat Pages: 465 464 463 462 461 460 459 458 457 456 455 454 Older

Date	Subject	Author	Discuss
20/11/2019 10:32	Everything over 0.2% below, but from end-June. A laugh they describe Rutherford as "quoted". IH now much less, and presume this is pre-selling half of Autolus in the market. Oxford Nano are meant to be raising money but has all gone quiet again. That's likely the next write-down. Autolus has fans, Oxford Nano too, but plenty think Rutherford, Benevolent, IH could be zeros eventually. No. Company name Quoted/ unquoted Sector GAV weight (%) 1 Oxford Nanopore Unquoted Health Care 9.40 2 Rutherford Health Quoted Health Care 9.23 3 Atom Bank Unquoted Financials 9.11 4 Industrial Heat Quoted* Industrials 8.98 5 Benevolent AI Unquoted Technology 7.96 6 Autolus Quoted Health Care 5.83 7 Inivata Unquoted Health Care 3.58 8 Immunocore Unquoted Health Care 3.43 9 Federated Wireless Unquoted Technology 2.45 10 Mission Therapeutics Unquoted Health Care 2.43 11 Ratesetter Unquoted Financials 2.37 12 Ultrahaptics Unquoted Technology 2.33 13 Evofem Quoted Health Care 2.25 14 Mafic Unquoted Industrials 2.20 15 Carrick Therapeutics Unquoted Health Care 2.08 16 CeQur Unquoted Health Care 1.99 17 Ombu Quoted* Financials 1.98 18 Kymab Group Unquoted Health Care 1.90 19 Spin Memory Unquoted Technology 1.77 20 Kind Consumer Unquoted Consumer Goods 1.65 21 Seedrs Unquoted Financials 1.61 22 Reaction Engines Unquoted Technology 1.48 23 AMO Pharma Unquoted Health Care 1.44 24 ReNeuron Quoted Health Care 1.44 25 Genomics Unquoted Health Care 1.08 26 Lignia Wood Unquoted Industrials 1.03 27 IDEX ASA Quoted Technology 0.93 28 Accelerated Digital Ventures Unquoted Financials 0.83 29 Cell Medica Unquoted Health Care 0.80 30 Sphere Medical Holding PLC Unquoted Health Care 0.76 31 Malin Corp PLC Quoted Financials 0.69 32 Yoyo Wallet Unquoted Technology 0.59 33 Mercia Technologies PLC Quoted Financials 0.59 34 Mereo Biopharma Group PLC Quoted Health Care 0.48 35 DDF Parallel Unquoted Health Care 0.46 36 PsiOxus Therapeutics Unquoted Health Care 0.34 37 4d pharma plc Quoted Health Care 0.31 38 Xeros Technology Group PLC Quoted Industrials 0.27 39 Econic Technologies Unquoted Industrials 0.27 40 American Financial Exchange Unquoted Financials 0.23	spectoacc	Read Full Thread Reply
20/11/2019 10:31	"0p-20p" IMO - felt like nearer 0p when WEIF wind-up announced, perhaps nudged back towards 20p with intention to appoint Schroders - but is all up in the air. Can't see any great results from any of the holdings, so comes down to what WEIF can sell them for, whether they go to strong hands (eg Benevolent AI clearly going to keep going a while with Temasek behind it; Rutherford have successfully borrowed money elsewhere. But what price either of those when sold out of WEIF?), and most importantly, January's OD deadline.. Still a scenario where it's 0p, despite seemingly 56p NAV, & not sure what it would trade at if say the few larger, more liquid holdings (Autolus, perhaps Atom Bank) were cleared out to repay the (£117m? £109m?) OD. Sometimes worth a read through the long list of holdings to look for value - there's almost none I'd want to own, and where are the exits? When would shareholders ever get a return?	spectoacc	Read Full Thread Reply
20/11/2019 10:21	Is this heading for the teens, .18 or something the “ floor “??	porsche1945	Read Full Thread Reply
20/11/2019 08:39	"Crestfallen" implies a measure of contrition. not appropriate for someone who feels there was a conspiracy (of events?) against him. "Infamy, infamy, they've all..."	jonwig	Read Full Thread Reply
20/11/2019 07:55	"..Crestfallen erstwhile investment star Neil Woodford.." as the IC describe him - not bad - whilst justifying having picked WPCT last year as their "Round the World in 8 Investment Trusts" UK pick. WPCT returned them -62% :)	spectoacc	Read Full Thread Reply
18/11/2019 15:57	And allegedly c.£50m for HL in fees from clients holding the Woody funds they ramped them into. CityWire reckoned another 33% haircut for WEIF holders but I think even us bears agree that's nonsense. Further to fall, certainly, but the wipeouts are at the smaller end now, and a couple of unicorns. The rest of the fund is mainly housebuilders & Neil's dubious FTSE100 picks (just remembered that BT was one) :) I'd guess half that from here, ie c.15% more, post-IH etc. And some of that is fees. Edit - interesting that several of the press stories haven't come to pass yet - eg the "£200-400m bid for the life science holdings" & Oxford Nano's supposed fundraising. Benevolent AI the only press story to come in.	spectoacc	Read Full Thread Reply
18/11/2019 14:49	@ fpladdict - WEIF was gated so that there wouldn't be a queue of redemption requests, and your fears won't happen because it won't be re-opened. It will be wound up once it's fully cashed-in, so all unit holders will get the same payout. Amazingly, when it was gated, Woody objected saying he could have managed. but that's ridiculous, as those slower on the uptake would have got zero. It will be a similar process with WIFF - either liquidation or absorption into another fund. The rewards of failure over five years: £50m for Woodford, £30m for Newman. At least in recent photos, our Neil has lost his smug expression.	jonwig	Read Full Thread Reply
18/11/2019 14:37	There are some figures being banded about regarding the windup of WEIF. I have read people are to get 30-40% back. That is a huge haircut - the multimanager funds at HL are going to be hit hard by that, they have large exposure to WEIF. The last to put the redemption requests in are going to be hit the hardest. Surely HL should find a fairer way to do it?	fpladdict	Read Full Thread Reply
18/11/2019 13:37	"Hargreaves Lansdown customers own around three-quarters of the £244 million fund, which was heavily promoted by the online stockbroker" (The suspended IFF).	spectoacc	Read Full Thread Reply
18/11/2019 10:06	The one good thing about SJP is they did not allow him to buy the unlisted and small cap rubbish (still performed horrendously though)	tim 3	Read Full Thread Reply
18/11/2019 08:01	Yes SpectoAcc it is worth recalling that. The NAV is and always has been a complete scam which has sucked many buyers in. A misrepresentation of reality. Regulation in the UK is terrible as always.	fpladdict	Read Full Thread Reply
18/11/2019 07:52	@fpladdict - how Link get away with issuing a daily NAV, to two decimal places, is beyond me. And then to only dribble it down (eg on IH), and still leaving it way too high. NAV had unacceptable material uncertainty throughout, but recognisably so on WEIF's gating, with the number of stocks held in common. That should have been the cue to either suspend WPCT, or at least suspend issuing the NAV. Always worth recalling how Neil quietly sold the majority of his personal holding in early July. A case of everyone relying on/blaming everyone else - WPCT Board can say it's Woody, Woody can say it's Link, Link can say it's their external valuers - but where does the buck stop? I don't know anyone for example who thought the +8p onto WPCT's NAV for IH was justified.	spectoacc	Read Full Thread Reply
17/11/2019 14:31	Short sellers swarm around Hargreaves Lansdown and St James’s Place Leading UK financial services providers face scrutiny over links to Neil Woodford’s failed empire Hedge funds are circling Hargreaves Lansdown and St James’s Place, as two of Britain’s best-known financial services providers are scrutinised for their close association with scandal-hit fund manager Neil Woodford. https://www.ft.com/content/460fd484-5b08-4831-87d0-f3ef25f59c2c That alone is not enough: they smell legal actions galore. Even the launch of one, let alone its success, should hit the share prices.	jonwig	Read Full Thread Reply
17/11/2019 12:34	@jonwig +@Specto... thanks for the info... good luck	davvero	Read Full Thread Reply
17/11/2019 08:14	@elmfield - what's hilarious is how many Woodford-supporting trolls there still are on here. You'd think they'd have twigged by now. @davvero - seen nothing recent (since end-Aug) on WPCT holdings. Page 22 of the June 2019 Interim Report lists the (then) holdings, pre-IH write-down, and won't be far off as not many transactions since. Https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/?type=sl.ra.interim&id=4fee844b-72ab-4a7c-b70c-2d295d0da025&;user=ovUjyYBWtFth35vdDfWqsoE2KGkTwRxMshgHiN2Qw1FvKU%2fO861BKSivjLJJiDs8&r=1 Have noted before that with everything nos. 27 to 58 being less than 1% each, it's only really the top say 15 holdings (2% or more of the fund each) that can have much effect. We've already seen the effect of IH of course :) Struggle to see much realisable value over & above repaying the OD, but that's been the case for a long while. Benevolent AI raised cash from Temasek at half the Woody valuation, so they'll keep going a while longer. Oxford Nano were (meant to be) raising cash too. Autolus is listed & this is the last of it Woody has. Atom Bank has outside investors so are less reliant on Woody, Rutherford have tapped him and borrowed money so aren't in imminent danger. There's a few I don't know, and a few (eg Ratesetter) I don't particularly rate, but the key is - with the WIM tap now disconnected, which of those can make it to "realisation" without him. Again, even if a 10-bagger lower down (was about to post that Woody has picked no winners, no multi-baggers, but at one stage both PURP and ALM were going gangbusters - pity he didn't sell into it) then say 0.5% (about position 34) mutli-bagging to 5% isn't much use to shareholders, when just IH will cost more than that.	spectoacc	Read Full Thread Reply
17/11/2019 06:40	davvero - he's still the manager till Christmas, so the website (see header). Also the latest Annual Report and Interim Report.	jonwig	Read Full Thread Reply
16/11/2019 22:41	I got out of this even about a year ago, and lost touch with it.... Maybe it deserves another look...anyone knows where could I find details of current Patient Trust manager and update of last financials?	davvero	Read Full Thread Reply
16/11/2019 19:55	What no more Woody header pictures...	diku	Read Full Thread Reply
16/11/2019 16:22	Neil Woodford went from “the man who can’t stop making money” to unleashing Europe’s biggest fund management scandal for a decade. Just over five years after overseeing Britain’s most successful investment company launch, his business is in tatters and will close its doors in the coming weeks. https://www.ft.com/content/89cd4808-eea4-48f5-9b30-49c7b631620a Stockopedia's analysis of the mix in WEIF between 2014 and 2016, as it went from 'widows-and-orphans' to 'OMG' in just two years.	jonwig	Read Full Thread Reply
15/11/2019 13:31	Trapped investors in the £3 billion Woodford Equity Income fund are forecast to lose a third of their remaining investment, according to modelling of the wind-up process commissioned by Link. The modelling outlines a base case forecast of 32.5% losses as the fund is liquidated. Under the worst-case scenario, the fund's value would fall by 42.6%. In a presentation for Link prepared by Woodford in October in a bid to retain the mandate, it estimated worst-case losses of only 9.3%. This estimate did not however account for the likely impact of the large scale withdrawals expected. Woodford Investment Management was anticipating the fund would shrink to around £750 million had it reopened. The Woodford presentation also illustrated the portfolio BlackRock and PJT Park Hill inherited from Woodford. Around 23% of the portfolio was held in the hardest-to-trade stocks, estimated as taking between 181 and 365 days or more to offload, down from 32% at the time of suspension. Link's forecast assumes BlackRock is only able to sell a small number of the fund's largest FTSE 100 stocks at the market price. Across the vast bulk of the rest of the portfolio, BlackRock and Park Hill will be forced to accept a discounted price as they offload the fund's stocks, according to the modelling. This would apply even to the fund's large holdings in house builders, which account for 17.8% of the fund. The fund's wind-up is set to add to the mounting losses already suffered by investors trapped in the fund. Since the fund's launch in June 2014 to the announcement of its wind-up last month, investors have lost 18%, while the FTSE All-Share has risen 33%. In the last two years the fund is down 37%.	daffyjones	Read Full Thread Reply
15/11/2019 12:30	Ltcm1, far from it. ”Work-out̶1; is where such things go. The effect on the balance sheet is managed according to the expected write-downs as and when they become clear. At this stage, I would be very surprised if there were any impairment taken.	chucko1	Read Full Thread Reply

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