Woodford Patient Capital Share Discussion Threads

[ltcm1] 06/7/2018 09:53

The thing you WPCT accolytes are unwilling to face up to is that Woodford is making the selfsame prediction!

So he who mocks topvest mocks Woodford.

[trollwatch] 06/7/2018 00:27

Should I be enjoying witnessing this late night Winnie/topvest debacle quite so much?

Hmm, yes probably.

[mochyn] 06/7/2018 00:07

At last topvest admits that he doesn’t have a crystal ball! If you look at his 13,115 previous posts (you read that figure correctly, folks) you would never have thought that would you?

The little prat is the most over-confident shareprophet in the world.

Hmm, autolus up 10% in one day? Sky’s the limit perhaps? That’s not a prediction by the way, because I certainly don’t have a crystal ball....

Lol lol lol

[topvest] 05/7/2018 18:05

I’m not short mate. Never been short on anything. As I’ve said before at the top of s bull market, WPCT is about as exciting as it gets with the so called number 1 asset manager about to blow-up! My prediction of major problems was in 2018 and there is 6 months to go. Of course, I do not have a crystal ball and it could slip into 2019. Woodfords strategy is quite clearly not working though, as it’s one way cash out the door. He really needs a fundraise to keep the creditors away.

[daffyjones] 05/7/2018 10:09

Losses at estate agency Purplebricks have swelled over the past year following expansion overseas.

The company reported a pre-tax loss of £26.1m for the year to April, up from a loss of £6m the year before.
The company reported operating losses in both the US and Australia, with only the UK reporting a profit.

In Australia losses widened to £11.8m from £6.1m.

Losses at the newly-launched US business increased to £16m from £100,000 in the previous 12 months.

Purplebricks shares were down 4.7% in early trading.

[daffyjones] 04/7/2018 19:20

Meanwhile however:

The Share Centre’s investment director Sheridan Admans has upped his stake in Neil Woodford’s Patient Capital Trust for the Multi Manager Adventurous fund.

Admans explained that he holds Woodford because he has a preference towards healthcare and tech, mid and small cap, and disruptive type technologies, all of which fit what Woodford does.

“Woodford̵7;s had quite a few blow-ups such as with Prothena recently and it is obviously quite testing”, he added.
“However, we’ve continued to add to him and we’re looking closely what’s been blowing up. We’re taking a longer-term view on this and it’s nice not to be in a crowded trade.”

[iq151] 04/7/2018 16:59

Yawn. Permanently prattish pantomime persists.

[topvest] 04/7/2018 16:49

Wise move. I agree that its useless looking at the UK in isolation. Recession when it comes is likely to be GLOBAL and the UK will either escape better or worse than average due to local factors such as Brexit etc.

[chucko1] 04/7/2018 16:27

ltcm1, what I take from it is - genius or not - I used to describe Woodford Funds as being my top line item and were I forced to have no more than 5 investments, his would certainly be one in all market conditions. You cannot dismiss 30 years of success lightly.

But not now. I have sold the last of my holdings today (the Focus Fund). I like a few of his holdings, NRR in particular, but I feel I am better buying them directly (which I have done in the cases of NRR and IMB) and not exposing myself to the structural risks his WPCT foray have fermented.

[ltcm1] 04/7/2018 16:06

Yes there is a Dr Jekyll and Mr Hyde element at play here, for the things he is forecasting for the income side will be bad news for all his non pharma startups in WPCT.

However I see a double jeopardy myself in that the UK economy is barely growing and productivity is way behind Germany and France. So his talk of growing real incomes and growth in the UK economy is not supported by the data. And with investment falling it is not so easy to see how his prediction will come true.

Also I don't see how problems in Germany and China will benefit the UK as such, in a worldwide slowdown all will suffer during the adjustment period. You would think he would go into cash if he really thinks there is going to be an economic shock coming.

I must say the Woodford site is interesting and he is brave stating his beliefs so publicly. And perhaps he is a genius that sees things that others don't. But then I look at some of his WPCT investments and think 'maybe not'.

[topvest] 04/7/2018 14:11

Yes, some interesting and informative tweets it has to be said. That's what Woodford is very good at and its very helpful to other investors as he makes it freely available, which is good form....but....

If he's so good on macro economy stuff, why is he investing in what he is? The man's either a total genius (and knows something we don't) or lost a grip on reality. He talks about value investing all the time, but investing in garbage like Eve Sleep, early-stage pharmas and Purplebricks is not aligned to his positioning.

[ltcm1] 04/7/2018 13:54

An increasingly desperate volley of tweets from Neil today about the macroeconemy. In a nutshell he is saying 'hold on, the markets will turn, UK fundamentals are good.'

Perhaps he is anticipating some bad publicity in the next day or so???

[chucko1] 03/7/2018 22:01

Well, England got out of their hole. So miracles do happen - we won a penalty shoot out.

[topvest] 03/7/2018 20:45

lctm1 - that's interesting. Yes, well it's only a matter of time for the cash calls, as all the holdings are bleeding cash. That's why we have been saying that the business model is shot to pieces. You can't support loss making cash bleeding businesses with debt. The two don't mix!

I will be truly impressed if Woody gets out of this hole.

[chucko1] 02/7/2018 13:04

Solonic, a truly ridiculous comment. If the only possible buyer was himself, what next? You certainly ought to be interested in the character of your fund manager.

Trollwatch - The last version of Benjamin Graeham's "The Intelligent Investor" was updated in 1975, by concidence (at least the final update by the author in his lifetime). Even with some of its pages missing, it's still a valuable read.

Buffett has not become poor by sticking with Graeham's "primitive rules".

[solonic] 02/7/2018 11:53

As a shareholder in WPCT, with absolutely no interest in the other Woodford funds I am glad Neil had the nimbleness to sell Eve Sleep before the latest news.


LOL

[trollwatch] 02/7/2018 11:40

So what? Even IF it's true, so what? Do you expect those here who own WPCT will rush to their computers to sell their shares? On YOUR say-so? Don't make us all laugh.

You extremely primitive 'rules' for investing are outdated and discredited. That 1975 book with the pages missing will not help you in 2018. That's why you don't have any money, LOL.