Woodford Patient Capital Share Discussion Threads

[sweet karolina2] 19/8/2019 20:46

Hot fusion, of which ICF is a form, is scientific reality. The problems are controlling it at scale sufficient to be useful. Cold fusion, which is what Woody went for, needs to break the laws of physics.

There will be commercial hot fusion reactors generating power in the future, though possibly not in my lifetime (being an old fart already). Even hot fusion is not a suitable investment for an EIF or even a PCT.

[daffyjones] 19/8/2019 20:33

Chucko - inertial confinement fusion is a form of hot fusion, using lasers to generate the heat under pressure required to initiate fusion. Legitimate science (albeit hard to achieve in practice), a far cry from the cold fusion pseudoscience scam peddled by Woody's Industrial Heat.

[jonwig] 19/8/2019 20:06

chucko - Interesting, but it's on 21 Sept:

[chucko1] 19/8/2019 19:22

Just in:

From 16:00-17:00 the 2019 Jenkin Lecture will be given by Professor Yiannis Ventikos, Kennedy Professor of Mechanical Engineering and Head of the Mechanical Engineering Department, University College London. The lecture is titled: 'Fusion as a method of power generation: science, engineering, entrepreneurship and adventure'. Fusion power is the holy grail of energy generation - free power extracted from water. Yiannis tells the story of Inertial Confinement Fusion, an Oxford idea being pursued by spin-out company First Light Fusion. He reveals the technical underpinnings and the decision-making behind taking this into the realm of private funding.

After the Jenkin Lecture I would like to invite everyone to join us for a drinks and canapés reception where you will have a chance to network with your fellow alumni and academics from the department.

I wonder which will be colder - the fusion or the canapés?

[topvest] 19/8/2019 17:38

Agreed. Utterly astonishing.

[biggest bill] 19/8/2019 17:15

The number of delusional people on this thread is quite astounding.

[truthteller3] 19/8/2019 16:46

Well, you would say that, wouldn't you, big bill/winnie? You never fess up to the obvious. LOL LOL

[jonwig] 19/8/2019 16:46

There was a mention a while back about Wise Funds (based near Oxford) having a stake in Woody's funds (maybe in WPCT). They've recently produced a blog article which explains rather well Woody's philosophy about the undervalued UK-centric market.

There's a lot of sense here, and it chimes with what Woody says (though not with what Woody does!!) -

[daffyjones] 19/8/2019 13:19

Love the comedy posts, careful

The NAV could be much higher 😂

[careful] 19/8/2019 10:57

discount to net assets now 46%.
todays net assets 78.69p

And as we all agree, that net asset price could be wrong, the figure could be much higher.

What an opportunity for the brave.

[buywell3] 19/8/2019 07:55

god help him if he has

[spectoacc] 19/8/2019 07:43

Been no Holdings RNS's (eg the ITX dump at 1.10p) and strangely, no update to portfolio to 31st July yet - is still stuck on 30th June. Expecting to see LLOY in the Top 10 for WEIF when it's finally updated, but only a guess/don't know which others. Can't have put all £800m into LLOY or more housebuilders surely..

[sweet karolina2] 18/8/2019 18:13

brian,



And



Not a happy parting of the ways as we all know and therefore proves my point. No "we would like to thank / wish him well blah blah".

So thanks for proving my point.

[daffyjones] 18/8/2019 18:06

More on Ultrahaptics:

Neil Woodford has sold his stake in Ultrahaptics to private equity firm Mayfair Equity Partners.

The troubled fund manager has faced criticism for the level of his illiquid stakes in early stage firms such as Ultrahaptics, where he owned 20pc.

Mr Woodford met the firm in 2015 and led Ultrahaptics’ £10.1m Series A funding round. Tom Carter, Ultrahaptics co-founder, said Mr Woodford encouraged the firm to raise significantly more than its initial £5m target.
Mayfair led a £35m funding round in the firm last year. The firm was valued at £150m after its 2018 funding.

It was reported Mr Woodford was in talks to sell his stake for £20m; Ultrahaptics would not confirm the price but said he exited at a profit.

Christopher Olds, Ultrahaptics finance chief, said “it’s a pity” Mr Woodford was no longer an investor “but I understand the economics. It was a good deal for him and it was a good deal for the other investors”.

[diku] 18/8/2019 17:52

Stressed out...only one hair left on that head...