Woodford Patient Capital Share Discussion Threads

[trollwatch] 03/9/2018 13:04

Thick old Minerve doesn't realise that "Capita" is not in WPCT's portfolio. Should he be left to post unsupervised? He never does his homework. Idle old sod! LOL

[minerve] 03/9/2018 12:40

And in the other funds what about Capita amongst others.

[rackers1] 03/9/2018 12:38

hmmm i wonder if kidnocked is NW

[ltcm1] 03/9/2018 12:30

And for the flip side I suggest you take a good look at Allied Minds and RM2.

Woodford blew oodles of cash on both and racked up monster losses. Throwing good money after bad comes to mind.

[researchanalystman] 03/9/2018 11:54

"A good investment manager knows at what point to invest and when to stop further capital injections. Can we say Woodford is showing this at present?"- abenza? Or was it no more cash to invest as expectedwinners ( eg cicassia and allergy) failureOf course also if you're investing in something 'good' theywill want commitments eg if milestones are reached, morefunding is going to be forthcoming . (If good ,the risk is they can go and get their original investment with someone elsewhere..). Additionally, for the future, building up a reputation for sticking to your commitments and working with people for the benefit of both often pays long term dividends -in future new people choosing to go with you, in preference to others .After all its the person at the top of a company who counts- think chris gent-racal to name but one.

[ltcm1] 02/9/2018 11:16

trollwatch you need a reality check. CynicalBear is a "blue", a status I note none of you lot achieved at Oxford. As such, his account is fully registered so he can't make stuff up.

Like Boris and his 'chuck Chequers' plot, you have been rumbled trollwatch so I suggest you politely leave the stage so we can debate WPCT and Woodford.

[ltcm1] 02/9/2018 00:03

CB that is brilliant and the only possible explanation.

trollwatch I thank you for your efforts, your work is done here so you can move on now.

Farewell, ta ta, good luck for the future.

[trollwatch] 01/9/2018 22:15

Wow, coruscating and totally believable dialogue between the pathetic shareprophet fiction writers. A bit like Crossroads 1978 vintage....but not as good. LOL

I wonder who the sucker is that pays cynical bear to ‘write’?

[cynicalbear2016] 01/9/2018 21:48

Not that I know of.

I doubt Woodford believes his tweets

[ltcm1] 01/9/2018 21:05

Cynicalbear - has Tom ever posted on this thread???

Another question - what do you make of Woodford's tweets, in particular his belief a slowdown in China will make the UK domestic stockmarket look attractive???

[cynicalbear2016] 01/9/2018 20:33

I get paid for doing it thanks, you?

[cynicalbear2016] 01/9/2018 18:02

Air Marshall - why are you so bothered? Nothing on here or anything I write makes a difference to the share price.

[trollwatch] 01/9/2018 15:42

I find it amusing that Winnie huffs and puffs repeating the same points for what seems an eternity (actually thousands of piffling posts) But does he land any blows, does he achieve his fell purposes? Not at all! Because they are all paltry points or just plain untrue, manufactured by Criminal Bear.

Since the shareprophets have intensified their silly campaign the only measure that matters, the share price, has barely moved, actually risen a little bit. How humiliating is that?

Mr de Minimis is as bad a leader as he is a dancer.

[ltcm1] 01/9/2018 13:45

Interesting article commenting on Woodford's exposure to property:

hxxps://www.aol.co.uk/news/2018/08/31/herea-s-why-a-house-price-crash-could-wipe-out-neil-woodford/?guccounter=1

Unfortunately Neil Woodford does seem to be in a spiral of decline, and the question is could this spiral send him right down the plughole???

It isn't that difficult to see the Income funds totally melting down over the next year. And what will be the impact on WPCT???

[minerve] 01/9/2018 09:48

research

I think most here know it is a long-term game and also know about market prices versus realized profit and loss. Nevertheless, if we are invited to invest here it is prudent to monitor investment manager activity whether it is short-term or long-term.

Obviously the fund is not performing to plan and hasn't done since inception. You can see this through the management performance fee criteria. If the fund hasn't gone according to plan in the first years what catalysts are going to cause that to change over 10? If they have misread the market up until now there is nothing to say that this isn't going to continue.

Many start-ups can be capital consumers for a decade before things happen. A good investment manager knows at what point to invest and when to stop further capital injections. Can we say Woodford is showing this at present?

World QE has provided too much liquidity which has brought forward market caps of young companies. Seed investors are paying too much too early and founders are awash with too much capital too early and a premature realisation of their net-worthed endeavour. Seed investors can easily call upon further capital themselves if necessary. This is not an environment where startups are quickly sorted between those that will eventually become a success and those that are less likely to. You get many with a trundling along effect - 'this time it is different'. I am sure if you look at the holdings you can see this in a few companies.

All IMO of course, I could be wrong.

[researchanalystman] 31/8/2018 21:46

For those who slam the performance of WPCTan interesting observation Net asset value 31st dec 2015 97.37p 31st dec 2016 93.24p 31st dec 2017 91.33p 30th aug 2018 93.09pFor a long term fund that is not an unacceptable situation - not good but not unacceptable, particularly when the comments appear to suggestthat its been a disaster. Time will tell whether having large holdings in companies which people would love to buy or need to buy will result in WPCT market price rises. One only needs to look at ASOS and the impact a 30% holding can make distortingDemand against supply imbalancesMarket prices are just that -prices where you buy and sell.For a long term holder they are irrelevant.. its only relevant when you selland WPCTis about 5-10 years plus not 6 mths to 3 years not day to day or month to month trading.

[solonic] 31/8/2018 20:26

Nothing to do with Wpct of course. Just a piece of platitudinous financial industry claptrap which had nothing to do with anything. A true pompous Minerve waste of space. Can he never think for himself? Does he have to suck up to other people ALL the time?

[minerve] 31/8/2018 18:11

I pulled this from an Invesco document:

Each and every potential investor is likely to have a different ambition for their investment in a fund. The common ambition will be to achieve good long-term investment returns. However some investors will want a portfolio that somehow complements their other equity/fixed income holdings, some will be motivated by liability matching, some will be motivated by seeking to maximise long-term investment returns and some will be
motivated by achieving good investment returns while seeking to minimise drawdown
or monthly/annual volatility. Some investors will be thinking about a fund in an absolute sense and some will be thinking about its returns and standard deviation relative to the benchmark. The truth is that it’s impossible to be all things to all investors. What’s important is that we have a philosophy and process that we stick to over time and leave it to the investor to evaluate the attractions of the fund on that basis. ➡️ Consistency is critical ⬅️.

What happened to the EIF? Maybe the man himself should have read this! He used to work for them, no?

[ltcm1] 31/8/2018 15:22

'Boys From the Blackstuff' was absolute class, really captured a very bleak time.