Woodford Patient Capital Share Discussion Threads

[rcturner2] 29/8/2019 11:18

I strongly recommend reading "Mistakes were made (but not by me)".

hxxps://www.amazon.co.uk/Mistakes-Were-Made-But-Not/dp/0544574788

A great book and fits Woodford to a tee. Doesn't make him a psychopath though.

[spectoacc] 29/8/2019 09:13

Yes think he's only a few left. Invesco (as per usual) a heavy holder (10%).

[jonwig] 29/8/2019 09:09

"Under 5%" on 8 July.

[pictureframe] 29/8/2019 08:38

AMGO - is he selling down or sold out? Thanks

[buywell2] 29/8/2019 08:22

Yoda ---- my favorite character was

[daffyjones] 29/8/2019 08:20

Shares in loan sharks AMGO, a heavy Woodford holding, down 25% this morning after releasing their results. Profits down due to increasing loan impairments and the FCA clamping down on their cruel business model.

EDIT: now down over 40%

[1oughton] 29/8/2019 07:00

Ok hands upWhich mug or mugs out there is invested in anything Woodford?Come on. Come out with your hands up

[jonwig] 29/8/2019 06:40

More on the Prothena sale:



"The shares rallied 26% on the news."
The latest hedge fund sport is like shooting fish in a barrel.

[daffyjones] 28/8/2019 21:27

Pete how much do you have invested in WPCT?

[jonwig] 28/8/2019 17:11

simon g - yes, I've read before about the incidence of psychopaths in business. I even thought of writing a book "How to Become a Psychopath" but my heart wasn't in it.

[montyhedge] 28/8/2019 17:06

I can't see the income fund coming back, such a stampede to get out. I reckon liquidate everything over 12 month, then a distribution to investors whats left.

[spectoacc] 28/8/2019 17:03

@sg - yes, I'd suggest.

@monty - suspect his reputation means everything to him, tho scant consolation for those whose money he's p*ssed away on the likes of Northwest Bio, EVE, CIR etc.

[simon gordon] 28/8/2019 16:48

Where is the humility? After destroying so much wealth and many folks retirement dreams / life savings, with his ultra high risk bets, he thinks he can stay in the game and is putting energy behind this. Is he a sociopath?

-

Forbes - 2013:

The disturbing link between psychopathy and leadership

[montyhedge] 28/8/2019 16:41

Can see him being replaced, but does he care of course not, walk away a multi, multi millionaire, houses worth millions.

[spectoacc] 28/8/2019 16:34

Ironic that the game Woody talks isn't one I'd disagree with - buy value over growth, then sit it out. Buy UK as it's very cheap & discounting a lot already.

But IT'S NOT WHAT HE'S DONE. He had a top 10 in WEIF consisting of the likes of Autolus, IH, Proton Partners, Benevolent AI etc. And loads of listed unlisted investors (ALM, MERC, WPCT etc), Russian warehouses, endless dodgy biotechs, useless techy punts like RM2. And value traps without end - PFG, KIE, averaging down all the way.

Housebuilders? Yeah, maybe, but they're at historically high margins. Sub-prime lenders? Maybe - he can't get enough of PFG, Amigo, Morses, NSF, but they've all done poorly to terribly, and we're at the tail end of a credit boom.

Woody bottom of every table over most timescales. He's an ex-fund manager IMO.

[porsche1945] 28/8/2019 15:25

Yeah seems that way.

Weif .86 price today....will be lower tomoz as builders getting hammered on latest brexit sxxtshow fiasco news, and thats with easy stuff gone, if he is buying back into UK facing stocks, well they are getting destroyed again, weak sterling etc, what is that fund going to be worth when/if it opens ( i reckon next summer) .38/40p...Its dropping about 8pc a month!!....do you think the holders have actually caught on they are going to be losing at least half their money, the unlisted stuff, is two thirds of it actually worth anything??... they all need feeding with money, wheres that coming from now, without it, there is no value as they cease to exist.

[jonwig] 28/8/2019 12:19

Porsche - you know, it's like infant talk:

Mummy, "Mummy wants Lisa to eat her sprouts."

Lisa, "Lisa not like sprouts, Lisa like pizza."

[porsche1945] 28/8/2019 12:09

Why does buywell speak as if in 3rd person...just say I

Its like some sort of stupid Yoda language

[buywell3] 28/8/2019 10:25

Appologies today

buywell has been busy on OPTI and SBTX

[lewis121] 28/8/2019 09:39

Thanks Specto.

[spectoacc] 28/8/2019 09:07

Just shares in issue I think (ie how many added), nothing untoward - unusually, where WPCT's concerned!

I see PFG getting a pounding today. Still looking forward to seeing how Woody offloads a quarter of that co.

A long way to go yet for WEIF..

[lewis121] 28/8/2019 09:03

Can anyone explain please the Block Listing review on yesterday's RNS?