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 10326 to 10345 of 11125 messages
Chat Pages: Latest  421  420  419  418  417  416  415  414  413  412  411  410  Older
DateSubjectAuthorDiscuss
07/9/2019
13:12
@daffy - "...And then use leftover cash to do share buybacks" gave me a good laugh. :)
spectoacc
07/9/2019
13:01
If we have finally arrived at the point where WPCT is an unwilling, but forced, seller, because NT have finally seen the urgency of the situation, then we are nearing the point where we see if there is a final collapse. The question is raised by some here as to the fair discount to NAV and that 50% seems fair enough. Well, given the price action of AUTL the past weeks, it is one of the most liquid stocks in WPCT and it has fallen by 70% or so and then rebounded 50% (but still down 55% or so) - perhaps not. In the process of forced selling of less liquid stuff (or zero liquidity, so potential purchasers can name their price) 70% discount from the NAV seems to be a par result and worse is quite possible. 70% from 75p NAV leaves 22.5p, but it’s worse than that as I am ignoring leverage. Whatever, NT will be anxious to see if there is enough left for them and it will be close. This suggests a share price of close to zero were no ready and willing buyers to be found of the “science dreams” NW was in love with. NT’s decisions were always likely to be definitive here (absent of some other great fortune).
chucko1
07/9/2019
07:55
The Daily Mail is behind with events as ever. A fairly poor article trundling out the same old stuff that everyone knew months ago. Missed yesterday's announcement for example that is the first sign that the lender is taking a more aggressive approach towards getting borrowings repaid. The big question is how are WPCT going to refinance their loan when it expires in the near future? If you were the lender you would want your money back.
topvest
07/9/2019
05:48
What really gets me is that I as an independent self taught investor saw the folly of this trust more or less from the start, why then did the experts not see how risky it was?
elmfield
07/9/2019
05:27
Strong stuff, PUG! But in the interests of fairness, shouldn't it be £65,000 per day not £100,000? "A pawn on the Woodford chessboard." I guess Woody's playing Losing Chess, a variant where the aim is to lose all your pieces and the game.
jonwig
07/9/2019
01:30
More news thanks to Daily Mail - Worsse and worse - https://www.dailymail.co.uk/money/comment/article-7436447/ALEX-BRUMMER-FCA-allowed-ghastly-Woodford-affair-trundle-long.html
pugugly
06/9/2019
18:21
OD due for renewal in January. What chance renewal, at what rate, and what chance it having been paid off with eg proceeds from, ooh I don't know, Industrial Heat?
spectoacc
06/9/2019
18:08
A slow car crash this is. So we are told that the lender insists on a maximum of 20% of the NAV. But what is the true NAV?
chinahere
06/9/2019
16:49
Woodford shud be locked up
1oughton
06/9/2019
16:46
Autolus is up because Woodford has sold at a lower price. Perfect example - everything he owns is marked down in price until the forced seller sells and then the price jumps as the overhang is cleared. How do you think that same scenario works with illiquid private stocks that need funding? Extremely badly is what I would guess. This is going bust in my view, although if holders are lucky they might get 10-20p.
topvest
06/9/2019
16:34
Autolus up 39% so far today.Good riddance Woodford!
ltinvestor
06/9/2019
16:30
OK so an article on NMA says the stake sold is that of WEIF and Focus has already sold out BUT WPCT is still a shareholder and retained its stake... Seems good news therefore.
scrapheap
06/9/2019
16:11
Was still a top 10 holding as at 31/7/19 so hopefully so...
scrapheap
06/9/2019
16:09
Does WPCT still own Autolus - it's price is really surging in the last couple of days (still a long way to go mind you)
scrapheap
06/9/2019
15:59
with (disputed) net assets of 73.1p per share = £664 net assets. borrowings £114m. official value of assets = 664+114= £778m. There must be something in this bran tub that could be sold to reduce gearing if required. Cant see a debt problem here.
careful
06/9/2019
15:58
careful, Only you believe the NAV here, everyone else thinks its way overcooked and will have to be revalued downwards at some point in the not too distant future. When that happens, they will breach their loan conditions again. A new fund manager coming in would not accept that NAV, he would want it revalued before commencing his tenure, IMO.
andy
06/9/2019
15:46
even better, less onerous. trying to make the point that +1.5% does not seem to signal a high risk.
careful
06/9/2019
15:44
careful, Each currency has its own LIBOR Google will obviously default to US unless otherwise specified ~1.9% is the USD LIBOR. The GBP LIBOR is about 0.8% Euro LIBOR - Overnight -0.46871 % 09-05-2019 JPY LIBOR - 1 week -0.07750 % 09-05-2019 USD LIBOR - 1 month 2.04213 % 09-05-2019 CHF LIBOR - 3 months -0.86700 % 09-05-2019 GBP LIBOR - 6 months 0.80738 % 09-05-2019 USD LIBOR - 12 months 1.89100 % 09-05-2019
analyst
06/9/2019
15:23
careful, The small hike in interest rate is not the issue. The issue is the bank is telling WPCT what it can and can't do ahead of a formal breach of conditions. When the inevitable breach does happen, what is the Bank going to do to force WPCT to rectify it - ie pay down more debt to get back below 20%? All WPCT can do is sell stuff and it has very little stuff it can sell quickly. The market will also see WPCT coming. WPCT ends up chasing its own tail on this. The bank will not lose. Ultimately I still think a Zero, whilst possible, is unlikely but 20p by Christmas is highly likely.
sweet karolina2
06/9/2019
15:11
I just Googled Libor rate. it said 1.95% a little knowledge is dangerous.
careful
Chat Pages: Latest  421  420  419  418  417  416  415  414  413  412  411  410  Older
Your Recent History
LSE
WPCT
Woodford P..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191019 00:02:13