Woodford Patient Capital Share Discussion Threads

[1tcm1] 12/9/2018 15:13

Just so that people understand Oil's post here's a definition: "Dingleberry, a slang term for meatball-like dried feces adhering to anal hair"

Some people go out in late spring 'a-collectin dingleberries, by gum, lad'. By coincidence jonwig and Minerve tied for the NorthWest dingleberry championship which were held in the former person's home in Wigton, Cumbria, last year.

[ltcm1] 12/9/2018 09:38

Ah - Athena, I used to love their stuff. It was funny because Pandora and I were playing whiff waff recently when an errant gust saw her recreating the 'tennis girl scratching derriere' poster Athena sold so many copies of. Whether it was accident or design who can say?

Solonic I have looked back through the posts and Minerve bought back in at 71 so is around 14% up.

His situation is very different to that of WPCT original holders, who are all ofcourse losers.

[topvest] 11/9/2018 11:42

Certainly interesting if Crystal Amber are sniffing around. Maybe there is some value here after all!

[ltcm1] 11/9/2018 10:32

Unus pro omnibus, omnes pro uno my wiseowl friend.

[ltcm1] 11/9/2018 09:48

Er - it does say:

‘The fund continues to believe that the current share price represents an attractive entry level to access a growth portfolio of highly scalable businesses,’ he added.

This has to be good news for WPCT.

RAM - a good riposte to my negative babblings above, even though you were answering another poster. It is good to see someone articulate the bull case here after so many repetitive posts screaming 'Shareprophets'. That was a great stat about PURP, I did not know the entry point.

Perhaps this Autolus is the real deal and the traction will revitalise WPCT.

Can the shaven headed veteran star manager bounce back or is it time for NW to do an Alaistir Cook???

[trollwatch] 11/9/2018 09:40

You don't mean Comical Bear, Oil, although he is certainly that. You should give him respect for his "achievements" and call him "Cerulean Bear". Geddit?

[jonwig] 11/9/2018 06:43

Activist investor Crystal Amber (CRS) has bought a stake of over 2% in Woodford Patient Capital Trust (WPCT) raising the intriguing possibility of a campaign against fund manager Neil Woodford, one of its longest backers.

Full-year results from Crystal Amber last week revealed Patient Capital was its sixth biggest holding, accounting for 7% of net assets at the end of June.



However, the article points out that WIM holds 16% of CRS, which makes it more complex! This news could narrow the discount a bit - currently 14% or so.

[researchanalystman] 10/9/2018 20:48

"and as for the speccy rubbish"Speccy perhaps , but that is what the fund is about- its what it says on the tin..(This below is admittedly a hype type response )but as for rubbish - well autolus up another 7% today to $33 From what price did woodford get in? IPO was $17And the same for purplebricks ? What price?Aug 2014"Former Invesco Pertual star City of London fund manager Neil Woodford invests £7m into Purplebricks. Existing investors Paul Pinder, Martin Bolland and DN Capital provide a further £1m between them. Woodford's stake means he controls a 30% share of the business.Dec 2015 :The company has provisionally sold £58 million worth of shares, mostly to three major corporate investors: Old Mutual GI, Artemis Asset Management Ltd. and FIL Investments International. The sale gives Purplebricks a £240 million market capitalisation value (Note Fidelity - guess they like buying rubbish too..)Then axel springer put £ 125 mln in at 360p for 11% -yep £125

[harijan] 10/9/2018 14:40

Porsche: a boring expensive car for chavs, innit.

[chuckol] 10/9/2018 14:31

2 peevish little posts from 2 random losers. Doesn't cut the mustard any more. Sorry...

[ltcm1] 10/9/2018 12:30

Face reality guys, WPCT has shown no sign of hitting 90 all year.

Woodford is a specialist in failure when it comes to small cap investing.

WPCT will go the way of ALM. Remember how Woodford said the market had 'got it wrong' when ALM fell to 175p at the time of the cull???

Don't buy Mr Woodford's snake oil (Turbogold Tinkler formula!).

[ltcm1] 09/9/2018 20:56

"You have 0 pages left".

I'm all out 'o juice Topvest.

Sounds a cracking story though and I can see the WPCT futures are already trading lower. Tin hats needed in the morning!!!

[topvest] 09/9/2018 19:53

ShareProphets have just released a story on BenevolentA1. I can't read the full article, but I'd be interested if someone could summarise. Accounts are available at Companies House though for 2017 so thought I'd take a look. Virtually no revenue (well £2.6m) and £30m loss with huge cash burn. You know... the usual Woodford "blue-sky" stock, but you know my views on that!

The one thing that is definitely of interest is that it mentions that they have committed funding of US$120M in 2018. Wow, that's some serious dosh to spend. Will Woodford be taking up his share / be diluted I wonder?

Remember that Woodford cancelled his shares and converted them into deferred shares or something of that kind in the summer, which was a very odd move but no doubt something to do with the limits on his investment policy.

[ltcm1] 09/9/2018 13:18

The only other bit in the paper says Liberium will be the bookrunner for it.

I saw Terry Smith is putting 25m into his new fund.

Has Woodford got any skin in the WPCT game???

[jonwig] 09/9/2018 12:40

ltcm1 - thanks. It seems to be only in The Times at the moment:

One of the City’s best-known asset managers is gearing up to raise £200m by listing a new fund to invest in private companies.

Old Mutual Global Investors (OMGI) is expected to announce its intention to float the fund — the Merian Chrysalis Investment Company — this week.

It will be the first foray by OMGI into listed funds and its first vehicle dedicated to investing in unquoted firms.

The fund will be run by stockpicker Richard Watts, known for his specialism in UK mid-tier stocks, and his colleague Nick Williamson, who focuses on smaller firms. Merian Chrysalis’s investment portfolio is expected to consist of 7 to 15 investments.

There's more but I can't read it.

[ltcm1] 09/9/2018 12:32

Old Mutual are launching a fund for unquoted private companies if anyone is interested.

I believe they are talking about like 15 holdings. I suppose Woodford thought that by backing a vast number he was smoothing his volatility. However has he fallen victim to investing in a bunch of stuff that is too small to compete adequately? The vast majority of WPCT holdings are under 10m for instance.

Given the WPCT investments are so complex and fast moving, can Woodford really keep up with their development cycles when he has such a small team? You really wonder how well he can evaluate inflection points for his investments when he has no scientific knowledge and spends the vast majority of his time ruminating upon the world economy.

[tim 3] 07/9/2018 20:54

chucko

Hi the info was from sjp's own site and was for the Life fund he manages for them rather than the high income unit trust, the date was June this year.

You are right its all a bit confusing though because looking at the high income unit trust on their own site it says astra are not in the top 10 but looking on other sites like ft it says its the third biggest holding but can find no date for the portfolio data but assuming it is more recent it seems surprising to me he would go from no top 10 holding to top 3 in a few months though,also Glaxo is in the top 5 on the ft site but nowhere on sjp's own site.Really confused now!

Sorry for boring everyone else.

[solonic] 07/9/2018 19:58

Topvest, ignorant little person declaring things to be true.........as ever. He knows nothing: he predicted that WPCT would be bust by end of 2018. Shall we see if he was right?