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
  0.00 0.0% 33.60 33.55 33.90 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -3.8 -0.5 - 305

Woodford Patient Capital Share Discussion Threads

Showing 10151 to 10175 of 11725 messages
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DateSubjectAuthorDiscuss
27/8/2019
15:34
To be fair IH is no more unreal than technological solutions to the border
williamcooper104
27/8/2019
15:23
and the share price surge today......
scrapheap
27/8/2019
15:23
Looks like Woodford's sold pretty much all of the Prothena holding - see the buyers RNS yesterday.
scrapheap
27/8/2019
13:46
William, Boris cannot change the laws of physics, but he could reinterpret, or even lie about them. He could claim he had discussed them with the various noble prize winners of his former college. Hey presto!
chucko1
27/8/2019
13:44
There's nothing linear about the valuations (the real ones as opposed to mark to make believe) of WPCTs litter of companies
williamcooper104
27/8/2019
13:33
Buywell, the more thoughtful posters on this board are not slaves to whatever level the NAV happens to be published - they are analysing what it actually is. Were it to be honestly/accurately assessed, at least we could see who had their fingers on the pulse. Not an easy task, but I am estimating around 30p. What’s your estimate for NAV? - then you can use your “linear progression” method to establish a share price. That said, are you sure it remains linear over large movements? Personally, I suspect not.
chucko1
27/8/2019
13:29
Buywell3 - Boris getting any deal will not be the change in the law of physics that WPCT needs to boost NAV
williamcooper104
27/8/2019
12:55
Today NAV has hit 74.72p Based upon previous buywell metrics if NAV hits 70p then WPCT could hit 35p on current linear progression decline NAV 65p will give 30p ... could IMO take at least 4 weeks to get there , maybe up to eight weeks Sorry can't be closer However Boris gets a decent deal and it changes things
buywell3
27/8/2019
12:54
STJ - ridiculous how long they left the money with Woody, how many PFGs, KIEs etc did they need to see?
spectoacc
27/8/2019
12:45
@RCTurner2 "To be fair to Woodford he has always invested in this way. When he ran the fund at Invesco he worked in the same way, with a significant % (5 to 10) of the fund invested in unlisted stocks. " St James Place ran the numbers before they moved their mandate from Invesco to WIM when Woodford branched out on his own. They found that Woodford had never made any significant profit on his unlisted and illiquid holdings during his time at Invesco. His outperformance returns came from his mid and large cap holdings. That's why SJP restricted him to only owning FTSE 350 companies in the fund he ran for them (not that it helped as his performance was utterly dire for them too). Https://citywire.co.uk/wealth-manager/news/the-secret-sjp-reports-warning-on-woodfords-small-stock-record/a1242753
daffyjones
27/8/2019
11:43
I see that Cambridge Cognition shares have collapsed today. I was absolutely shocked to discover that Neil Woodford hadn't invested in this company. It ticked all the boxes that Woodford liked.
biggest bill
27/8/2019
10:02
Testing 40p again which is buywells call IF NAV keeps dropping towards 75p And it has been shedding circa o.2p ish most days in recent weeks few weeks back NV was 83p now flirting with 77p A loss of 5p in say 4 weeks Equates to 10p in 8 weeks Based upon that 30p could come by the middle of October BUT The thing that could save him if Boris gets a deal from his new EU buddies Merkel for one wants a deal with England to still sell expensive German cars A Deal will get markets up circa 5% to 10% even as the GBP strengthens and would allow for a 0.25% rate cut dyor ---- your turn
buywell3
27/8/2019
09:46
30's coming Oh dear.
1oughton
27/8/2019
09:41
@RCT2 - at Invesco he did indeed have the "barbell" approach, but the solid core was big bets on out-of-favour value, completely ignoring the flashy tech end. He did that in 99/00, not holding a single tech share, and again 2007/08, not holding a single bank share, and both times eventually cleaned up. Since c.2015/16 he's completely switched - now it's mostly techs ("bio" that is), unicorns with no profits and barely any revenues (but fantastic losses), and only a smattering of (what he sees as) value - housebuilders and subprime lenders. You can argue his unlisteds have only got so large because of redemptions, but that's to ignore the listed unlisteds - ALM, MERC, IPO, WPCT(!) and many more, which don't appear in the figures. That also ignores the listeds that may as well be unlisted - eg HONY, trading fewer than 1,000 shares a day - and the all the Fat Bloke Finance stuff that sees cross-holdings all over the place (RAVs etc). Add in the listed biotechs and it's clear - and was clear for a long time - that Woody wasn't remotely still doing what he claimed and still claims to be doing. And that's before getting to all the money flushed away on things like EVE, RM2 etc.
spectoacc
27/8/2019
09:30
To be fair to Woodford he has always invested in this way. When he ran the fund at Invesco he worked in the same way, with a significant % (5 to 10) of the fund invested in unlisted stocks. Of course this does not matter when the fund is growing fast and the investments are performing. The problem is that once you get redemptions at the rate he was getting you are fked.
rcturner2
27/8/2019
09:20
Since most fund managers can't even match index trackers over time, it must be harder than you think.
biggest bill
27/8/2019
08:44
and to be honest, to be a successful fund manager all you have to do is beat the ftse average, that aint that hard.
martinfrench
27/8/2019
08:43
careful, agree on most of that, however reneuron are certainly not a dud! ok, below where we should be and he bought in much higher (never sure why he paid such a premium) but still great company, time has yet to fully come. i think with woodford it was just a case of trying to reinvent himself, get extra clever and move away from what he prob used to do. stick to what your good at.
martinfrench
27/8/2019
08:32
Are there any investments in this trust that have done well? This clown Woodford has been exposed as the worst ever professional investor. He got lucky in the past, he did the right thing, no doubt for the wrong reasons. With WPCT he probably felt important going round to start up companies in need of cash to pursue their crazy ideas, and fell for the fancy projections and overhead presentations. He had more cash to place than he knew what to do with. Every one a dud.
careful
27/8/2019
08:15
I love the comment from Andy's Wolfstreet link: This series of unfortunate financial events reads like a modernized “Count of Monte Cristo”, so much that one wonders if Woodford wronged someone who seeks revenge by destroying each and every one of his investments in turn? Infamy! Infamy! SomeONE's got it ...
jonwig
27/8/2019
08:06
RCTurner227 Aug '19 - 07:14 - 9971 of 9972 I'm sure a solution such as building additional line capacity can be found without blowing £100 billion plus though. Maybe they can reroute some of the freight onto other lines, or run it at night, for example. My main objection against HS2 project is they are blowing so much money on one single project for the benefit of the few, and ignoring the rest of the network where improvements could benefit the majority. Where I live trains are taking 10 minutes more to reach London than in steam days, that's progress?
andy
27/8/2019
06:24
Correct And for very fast trains like japan New rails put on solid continuous concrete foundations on a completely new track bed with new drainage would be needed, track beds would have to be banked to go round any bends at higher speeds Very costly plus rail systems would have to cope with expansion due to heat from hotter summers eg 40 degrees centigrade Sleepers are no good Plus new overhead power Plus new signalling systems Plus new telecommunications systems Cost would be 500 Billion plus To try to run 150 mph trains on existing track bed with new sleepers is to ask for many high speed derailments with hundreds killed Then speed dropped back to under 125mph HS2 Ltd have a legally defined responsibility to safeguard the financial interests of everyone who they are buying land from, and have several defined timescales which they are not only failing to meet, but in many cases are not even attempting to meet. As a result of their failure to pay people for land and businesses that they have already seized in many cases without even valuing it, their failure to even consider paying relocation costs to lots of businesses, to clearly and deliberately undervalue homes, to fail to pay farmers for the use of their land, and to refuse to buy homes which are clearly impacted by the scheme, people and businesses are losing money. This is undeniable. And for this to be fraud it doesn’t have to be deliberate, it can be due to sheer and utter incompetence, but whatever the reason, it’s time for the police to investigate. To contact the Serious Fraud Office, via the link below, and select the second option hTtps://www.sfo.gov.uk/contact-us/reporting-serious-fraud-bribery-corruption/ Also the Government have misled parliament for years hTtps://www.bbc.co.uk/news/business-49450297 Note Osbourne is mentioned --- he is in the pro HS2 camp you get more facts from buywell
buywell3
27/8/2019
06:14
Andy, you like many others do not seem to know the actual state of the UK railways. The west coast mainline, which goes from Euston up through Milton Keynes and Rugby to Birmingham and then on to Crewe and the North West is at virtually 100% capacity. You cannot get any more trains on that line nor make them run any faster. It is the busiest rail line in Europe. In places it only has two lines in parallel. New lines HAVE to be built. The only question is which lines where and for how much.
rcturner2
26/8/2019
22:25
Geez thats grim reading.
tim 3
26/8/2019
21:02
:-) Just out on Wolfstreet: https://wolfstreet.com/2019/08/26/woodfords-shuttered-fund-gets-crushed-further-by-plunging-stock-prices-of-its-holdings-such-as-muddy-waters-target-burford-capital/
andy
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