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
  -1.00p -2.94% 33.00p 32.95p 33.50p 33.60p 32.80p 33.05p 3,078,775 16:28:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -3.8 -0.5 - 300

Woodford Patient Capital Share Discussion Threads

Showing 10276 to 10296 of 11125 messages
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DateSubjectAuthorDiscuss
03/9/2019
08:31
If that's the best you can do, dafty, it's no wonder you call yourself dafty and that your brain hurts. Pathetic, wasn't it? It's no wonder, either, that I do not come here often, as they say. Hardly anybody else ever does either. There's no call to visit this malodorous home for bewildered clones. I did enjoy that bit about the stunningly boring old Archbishop of York. Don't know though whether the reference was to jonwig or poor old speccy. Probably a conflation which is the only thing the shareprophets here are good at!
harijan
03/9/2019
05:50
Citywire's summary of WEIF's losses from unquoted holdings: "Neil Woodford has lost an estimated £113 million from writedowns to Woodford Equity Income's heavy holdings in unquoted companies since the turn of the year, amid scrutiny of the valuations employed by the suspended fund." As one comment correctly remarks, "No, no. Woodford is fine. His CUSTOMERS lost the above!" https://citywire.co.uk/funds-insider/news/woodfords-frozen-fund-loses-113m-from-unquoted-stock-writedowns/a1264038?ref=citywire-money-latest-news-list
jonwig
03/9/2019
00:03
finkie, it is quite a reasonable question to ask.... 50% discount to the NAV sounds good value, so good, it cannot be true. Either the NAV or the quoted price is incorrect. Well, try and work out why there is a large "discount" and whether the "discount" actually values the PROSPECTS for an investment case to be made. Start with the track record for the fund as a whole. Have investors made money or lost money? If they have made money, has the return on capital been better than a tracker? If they have lost money, have investors been rewarded by dividends? If yes, then have the dividends bettered those from the average paid out by the FTSE? Next, take a good look at the annual report to identify where cash has been invested and at what price. Have the underlying investments performed well or badly? Are the companies viable? Do those companies have advantage over peers? What are the quick ratios for the stocks picked? Do the companies chosen by the fund manager fulfil the strategy that the investment prospectus presents? Is this an open ended or a closed ended investment trust? (Closed ended is better-you might not like the price you are offered, but you will be able to realise your holding). A good rule of thumb is to value at NIL any investment that is not publically quoted. With just a few of these basic questions answered, you may be able to make a decision. You may, of course, during your research, discover information about a competitor fund or fund manager which represents better prospects for investment. Good luck. I am not licenced to give advice so consider me as being of diminished responsibility. I am concerned only in ensuring that my capital grows steadily. Mistakes, well I have picked plenty of duffers in the past and doubtless will pick a few lemons in the future. I might even have some in my portfolio at the moment which are yet to show their colours.
erogenous jones
02/9/2019
18:06
Jane Tufnell must enjoy a challenge. Not sure why someone with her background would want to get involved with this sinking ship.
topvest
02/9/2019
15:54
NAV 75p = WPCT 40p
buywell3
02/9/2019
15:42
And in a single post, Pythian, in so many respects you lay bare your tortured souls.
psychochomper
02/9/2019
15:07
Pythian, then continue to read posts 6179 and 6180. Your crowd fool few and have a) lost an awful lot of money, and b) doubled up and lost even more. Especially Harijan. He “filled his boots” in the 70s thinking the drop that day was way overdone. Anyone on this board who cannot see who the fools are would be bigger fools themselves. This has further to fall, don’t you agree oh Master Trader Johnwig? I have now cut my short as most of the risk reward has indeed be rewarded and there is more event risk than I am bothered to spend time on. I shorted this the day they suspended WEIF. The easiest short I have ever transacted (I was amazed it was possible to short that day) - the same day Harijan went long! Could not make it up. Really!!
psychochomper
02/9/2019
14:54
@ daffy - "the market can stay irrational longer than you can stay solvent" is usually attributed to Keynes, though others may have said it first. Keynes knew his markets, having been a fund manager of some ability: very interesting here ... https://www.telegraph.co.uk/finance/personalfinance/investing/10405386/How-to-invest-like...-John-Maynard-Keynes.html I think I'll update the quote to be more relevant: "Markets are neither rational nor irrational (they just *ARE*), though some fund managers are irredeemably irrational."
jonwig
02/9/2019
14:50
Well you're totally wrong there, daffy. Look at post 6178. You shouldn't attempt to be too clever. It'll make your brain hurt, and you will need some Proton beam therapy in conjunction with the very effective cold fusion. LOL
pythian
02/9/2019
14:40
daffy - I think it's more like Woodford has stayed irrational and now his fund is insolvent.
ltcm1
02/9/2019
14:34
@daffy - unless.... he's short? Some weird mind games of multi handled posters behaving like such muppets on here, that any "normal" WPCT holders realise selling is the best option? Whilst the shorters clean up? ;) But that's to credit rather too much intelligence to fools who clearly can't see the Woodford the trees.
spectoacc
02/9/2019
14:28
pythian - 20 May 2019 - 14:47:07 - 6282 of 10103 I think you will find that johnwig has made quite a lot of money on WPCT. But you wouldn't know about things like that How does "pythian" know how much money "johnwig" has made on WPCT, when johnwig has never posted that information on here? Curious! pythian, given that the share price of WPCT is down 49% since you made that post, could you tell us how much money johnwig has lost on WPCT?
daffyjones
02/9/2019
14:24
Sorry I did forget to say that the statistician who knows how to spell 'decile' has not the faintest idea of what it means...... Why should he? He has no need, just to build swimming pools, does he?
pythian
02/9/2019
14:19
finke. I think you came to the right place to get advice. After all, amongst the distinguished counsellors here we have a nuclear physicist, a statistician who knows how to spell 'decile', a brain surgeon, a swimming pool builder, and the Archbishop of York who, apart from looking after the ethical standards of the thread, repeats the Lord's Prayer to everyone six times a day. They were all up on Ilkley Moor last night looking for the missing communal brain-cell. Alas, in vain.
pythian
02/9/2019
13:54
another one of the woodford stocks Thinfilm looks like it is going bust over in Norway.. notice there hasnt been any comment despite the 20% ownership!!!! how does that fit into the stay at home strategy..
pjj71
02/9/2019
13:27
finkie -10% of WPCT is invested in a cold fusion scam. That alone should be enough to tell you to run a mile. The "50% discount" is to a fake NAV.
daffyjones
02/9/2019
13:26
With Circassia CEO Steve Harris stepping down from the board of WPCT, I think we will see Woodford finally selling off his 20% stake in Circassia. Down 95% from its peak, and down a further 81% from its price in June 2016 when Woodford said the collapse in the share price was an over-reaction and a sign of the market being irrational. Eternal reminder - the market can stay irrational longer than you can stay solvent.
daffyjones
02/9/2019
11:45
finkie: There's nobody, repeat nobody, on this thread who has either the intelligence or experience to give you any advice on WPCT in particular, or probably any other stock. Be very careful: they're mainly paid illiterate trolls. Talk to someone honest and intellectually capable, ok?
johnwig
02/9/2019
11:32
@finkle - search this thread for WPCT, there should be more than enough to put you off. (In a nutshell - most of the unicorns are going to zero, most of WPCT's portfolio needs more funding that it is highly unlikely to get, there's a c£120m OD due for renewal in January, there's a possible/likely manager change and kitchen-sinking, there's unfunded future commitments to the likes of Rutherford). New manager/kitchen-sinking/renewal of OD is probably the time to look again, and perhaps after WEIF has dumped its c.9% holding in WPCT. Basically - WPCT issues a daily Not Asset Value.
spectoacc
02/9/2019
11:30
considering an investment here, there is a lot of chat on these boards but it seems to be micro analysing other things and i'm trying to get a view of whether this bb feels that a 50% discount to net assets for WPCT is an ok entry point here? thanks
finkie
02/9/2019
11:23
Difficult to read, and infuriatingly out of date, but all the holdings to 30th June are in the Interim Report, quietly released over the weekend & referenced in the Sunday papers stories above. Noteworthy is 17.9% in housebuilders, being BDEV, CSP, CREST, TW, which I don't think has changed. KIE only 0.45% of fund - was significantly higher but massively tanking has helped reduce it. Eddie Stobart was 1.6%, before fall and suspension, a surprisingly large punt. PAY 1.58%, not a bad co IMO. BATS & IMB 2.8% - I don't remember either featuring in "..To 30th June." data previously. IMB he sold out of in WEIF, but still held in IFF. So he's back in to both tobaccos within WEIF. Papers only mention BATS. 5.8% is/was Induction Healthcare, Oxford Nano, Oxford Phama (£0), Proton, Sensyne, Sphere Medical (£0). 11.9% in the worst list of biotech rubbish you've ever seen, dominated by Autolus (2.4%, liked by at least one poster on here) & Benevolent (5%, going to zero some say). Only 0.35% in CIR, again thanks to it falling 95%. 0.5% in AA. 1.3% in BT, not that large a punt as at end of June. 13% in "Financial services" dominated by PFG and IPO, both possibly unsellable - PFG due to Woody having a quarter of it, IPO due to being illiquid sh*te. 1.3% of WEIF is WPCT. 2.2% is the immovable, unsellable IMO HONY. 3.14% of the fund is Industrial Heat. Remember, this isn't WPCT, where the NAV discount accepts that a large proportion is worthless - WEIF values industrial heat as being 3p in the pound, not 0p. (Will have fallen in value subsequently of course, on Link's revaluation). 5% in RAVs (all now sold at big discount) & Sabina Estates, of which there's plenty about above. BUR 6.8%, more like half that now. 1.8% Prothena, recently dumped. 1.75% IAG, arguably Woody's biggest new punt. Endless tiny bio, pref etc punts, as well as quite a few million of currency punts, presumably hedging. Not sure I've learnt much new, other than that IMB should be included in his "BT, BATS, IAG" FTSE100's. Assumption is that he's continued to add to them in past 9 weeks, and possible he's found others to punt on. Very amusing to look at charts since June when he bought - IMB arguably gone up, the rest down with the market. No wonder he wanted to keep them quiet and out of the holdings lists.
spectoacc
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