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
  -0.15 -0.49% 30.75 30.75 31.00 31.00 30.55 31.00 645,933 12:43:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -3.8 -0.5 - 279

Woodford Patient Capital Share Discussion Threads

Showing 9901 to 9922 of 11575 messages
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DateSubjectAuthorDiscuss
14/8/2019
13:21
He's a shyster. That's hardly libel
1oughton
14/8/2019
13:09
One plus of the Woodford debacle is it'll hopefully shine a light on the ridiculous margins of HL & SJP. The Sunday Times in particularly is going after them both, pointing out where the hidden charges are and reporting various complaints. Woody struck me as a man given far, far too much money to throw around. But agree @ltcm1, has proven far worse than that. I still wonder if he's delusional, or crooked, or simply has no choice but to pretend the show can carry on & will all come good if you just "give him more time". Northwest Bio one of my favourites, but the list does go on & on.
spectoacc
14/8/2019
12:55
As a family we held the fund he managed through SJP so have lost a fair amount.I would never use SJP myself due to their outrageous charges but was not my decision.
tim 3
14/8/2019
12:48
Still 45p though Life in this dog yet IMO
buywell3
14/8/2019
12:45
I know exactly what you mean CC2014. It's basically why I hang round here, it does seem an incredible story. If you look at the charge sheet in the round it goes beyond unlucky, through incompetence and ends at something darker and troubling. This is how I feel at least. Northwest Biotheraputics, that was some kind of scam wasn't it? Woodford ended up hiring an ex FBI Agent on that one. Then there was the strange case of the Purplebricks founders making an enormous amount of money, yet the thing never even broke even, with many believing the idea was a smoke and mirrors ruse that didn't stand up to financial analysis. It seems there are always things that can be explained away. But when you have dozens of these type of events it begins to look like a pattern.
ltcm1
14/8/2019
12:24
#9738 I think what I'm trying to say is that I used to think he was just a stock picker but now I'm beginning to wonder if there is something else going because his decisions seem less and less rationale to me. I begin to wonder if he does understand how bad his stock picks are but has other motivations for them. If we have an investment manager who doesn't see fit to disclose his holding in WPCT, or the sale of it in a timely manner (would he have done so at all given the Board did so), then where does his moral compass lie?
cc2014
14/8/2019
11:26
Its happened then https://www.bbc.co.uk/news/live/business-49297164 10 yr and 2yr bonds in the UK and US have both inverted today. Recession highly likely in 2020.
topvest
14/8/2019
11:16
@CC2014 - and the RAV connection to the Guernsey listings. All Fat Bloke Finance! ie Woody invests in his mates, and has turned out to be a very bad judge of character. WPCT Board stuffed with execs from co's WEIF is invested in is another example.
spectoacc
14/8/2019
10:53
I have been wondering this for a couple of months now but only now do I feel comfortable writing this. I have previously expressed views that Woodford and his team can't read a balance sheet. Also I've talked about his investing psychology being more like an inexperienced PI than a fund manager. But now I'm beginning to think there's something deeper. Take BUR. Post 9716 pushes the boundaries and asks for a leap of faith to believe it but if you stick to the facts this is what we get: 1. 4 accountants in 4 years 2. no no-exec directors 3. wife of CEO is FD 4. FD is not a qualified accountant (as she doesn't put her qualification initials in any RNS). She is however an FCA. To a casual observer maybe this looks like Fellow of Chartered Accoutants or something but no. CFA is a "Chartered Financial Analsyst". link1 Link 2 It's not an accounting qualification at all. 5. The company refuses to move to the main market 6. The company remains comfortable without a qualified accountant at the helm. All the above makes this univestable for me. Too many red flags. Now you're a fund manager and not only do you know all this, you get to meet the people too on a fairly regular basis for updates. And yet you still have 7% of your portfolio invested in this asset, even when it's outside of your new investment remit of FTSE100 and a small bit of FTSE250. He fully knows all these facts and yet he likes it as an investment (and likes it alot as he's selling all sorts of stuff but clearly he's emotionally attached to this more than all the other stuff). Like so many other of his investments it's not straightforward. He seems to be attracted to this kind of mess. Or maybe to get to the point he's far more involved than it appears and it's something he would rather not discuss. Other things that worry me are he attempted influence on NSF/PCF and the Stobart Board thing, the compostion of the non-execs on his Boards and his relationship with the directors of RAV. It just doesn't feel right.
cc2014
14/8/2019
10:52
Caveat Unless one holds circa 30%
buywell3
14/8/2019
10:50
You might want to edit that one Clearly the knives are out And I have just been reading Conn Iggulden Emperor series which I can wholeheartedly recommend , you will see the reference if you read them … must be done in order 45p though re the NAV is the issue for now The BOD being woody's pick are not likely to give him marching orders are they Shareholders in this one IMO are powerless
buywell3
14/8/2019
10:31
I think they recently renamed Xeros IIRC, new name is Zeros I believe :).
ltcm1
14/8/2019
10:01
Billionaires Pocket $100 Million Dividend As Ordinary Investors Remain Locked In U.K.’s Worst ‘Dog Fund’ HL total scumbags.
porsche1945
14/8/2019
09:32
hxxps://news.sky.com/story/amp/woodford-to-offload-stake-in-push-doctor-backer-adv-to-l-g-11784842
ak47high
14/8/2019
09:11
It's the ongoing earnest videos that get me - "This is what I think, this is what we're doing". In IFF, maybe. In WEIF - not since around 2016. Feels like everyone involved is culpable - HL, Woody, WIM, FCA, Link - but no one is criminal or (as BUR would say) actionable.
spectoacc
14/8/2019
09:07
Obviously underperformance alone is not a case for litigation but you do wonder if there is case to answer that he misled investors by investing in shares that are highly speculative in a fund that was marketed as cautious.
tim 3
14/8/2019
08:24
And to think he told us preservation of capital was his number one priority with that lot!
tim 3
14/8/2019
08:17
A minor event, but Xeros (XSG) wants to raise £5m - £10m. (10 would get them to breakeven.) WIM owns 33% (down from 40% in June) so could be in hock to maybe £3m. It's probably that or bust. It's a question for his famed moral compass to answer, but WIM might be the only offeror, so is it £10m down the drain or £20m down the drain, being the current MCap. I'm glad I don't have to work it out for him.
jonwig
14/8/2019
07:54
Wonder how much more WEIF holders would have recovered had the sensible thing been done at gating - ie winding-up by another manager. 5%? 10%? Instead, Woody is being allowed to buy into FTSE100's (we still don't know which), run his "surely they'll come good eventually" portfolio with BUR as (before the halving) 2nd largest holding, charge his fees, and watch the 9% shareholding in WPCT dribble down the toilet. Oh and - allegedly - not take c.$15/share for his Autolus holding a few weeks ago (now $10). A reminder of that WEIF Top 10 from 30th June: BDEV, BUR, TW, Benevolent No Money, PFG, Theravance, CSP, Oxford Nano, IP Group, RAVC (already sold, at 20p under the mid price). We have the unicorns to look forward to, but I wonder if something bad could possibly happen to the housebuilders first?
spectoacc
14/8/2019
07:48
sk2 IF what you say where true Then that company would not IMO be able to find an auditor
buywell3
14/8/2019
07:41
All I would add is it if BUR is not listing on the main market under the Weif 'Woodford Mandate' it's an auto sell, BUR doesn't provide income nor is in the FTSE250.
ltcm1
14/8/2019
06:36
Isn't there a risk of them effectively being in wind-down if they really can't raise more cash? ie the retail bonds mature, the cash goes to repaying them. But as you say - one for another thread, other than that the BUR share price still seems too high to me, particularly if the highly tainted Barnett also decides to sell down (or loses EDIN & PLI, as is mooted. More bad news for WEIF holders if so).
spectoacc
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