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
  -0.35 -1.09% 31.65 31.70 31.90 33.00 31.70 33.00 2,126,920 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -3.8 -0.5 - 288

Woodford Patient Capital Share Discussion Threads

Showing 10351 to 10368 of 11225 messages
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DateSubjectAuthorDiscuss
10/9/2019
16:59
@Erogenous - you should follow this thread more. Most of WPCT's holdings require more cash, which he's no longer in a position to provide (note how much of it he previously provided from WEIF instead). So WPCT doesn't have a NAV IMO - it is has a "Not Asset Value". Hence "...I suspect therefore that the discount more properly reflects the true value of the underlying investments with an element of "hope" value" is a nonsense IMO. What the price represents is a vast pool of PI's who are taken in by a daily-produced NAV. Proof? How about Woody selling down 60% of his WPCT holding at the seemingly vast discount? He has a £6.3m holiday home FFS.
spectoacc
10/9/2019
16:02
Surely the rule of thumb for any investor whether short or long term is to evaluate the information available and make a reasonable decision on the most likely outcome. The fact that Mr Woodford has made such a complete horlicks of one investment trust to write off a huge percentage of investors cash to the point where the trust is suspended does not automatically mean that the same thing will happen to this open ended trust. However, because there seems to be a distinct parallel in the choice of holdings common to both should begin to ring alarm bells, I would have thought. The share price is not meaningless per se but reflective of the NAV. Most trusts operate at a discount to NAv, but those with a substantial discount, the obvious question is, of course, why? Again, it comes back to the choice of holdings and the prospects that they offer. I suspect therefore that the discount more properly reflects the true value of the underlying investments with an element of "hope" value that performance last seen a few years ago will be repeated. I do not believe that there is a good case to buy or sell shares in this trust and certainly not while Mr Woodford is involved. Quite why the trustees have not sacked him is..... well, perhaps there is other stuff hiding in the background that has yet to be explained or discovered? Just guessing.
erogenous jones
10/9/2019
10:48
CC2014 - you'll have seen the website, etc. In Jan 2015 they announced "NovaBiotics Ltd announces that Woodford Investment Management LLP has invested £5.0 million (gross) in a private placement." The list of shareholders shows Woody near the top ("Nortrust Nominees"). There's more than one class of shares, which complicates the situatuion a bit. At 31/08/18 they were financially stretched. See balance sheet here: https://beta.companieshouse.gov.uk/company/SC272344/filing-history There's lots of positive news on the web, but as I said, they seem to need funds!
jonwig
10/9/2019
10:06
Could anyone provide my any information on Woodford's investment in NovaBiotics please? What I'm really looking for is an answer along the lines of: 1. it's another worthless basket case 2. this one's ok. It might not change the world but it's probably worth the NAV in the books 3. This is one of the better ones and looks like being a success Thanks in advance
cc2014
10/9/2019
08:46
trolling is a way of catching fish
buywell3
10/9/2019
08:34
Woodford rising?
volsung
09/9/2019
15:04
Although I am delighted that you have made money from your investment in this outfit, I suspect that your gain is more from good fortune rather than common sense.
erogenous jones
09/9/2019
15:00
Brian wants to top slice on something hes down 50 pct at least on oh man you couldnt make it up lol
1oughton
09/9/2019
14:56
Brian, you have always shown a (blindly) constructive bias to this stock. Funny how you just pop up now to claim having bought at the low, and by inference at no other time when you would have lost a huge amount. Clearly a lie - why do you need to? Inferiority complex in common with your aliases and others in your imbecilic clan? By contrast, I posted here that I had shorted at an average of 62 or so as and when I went short. I cut the short at 40.8p, but I’ll reestablish quite soon. I’ll let morons like you push it a little higher first as it means I’ll make more money. I really do think you’re so stupid you have no idea how stupid you are. But it’s free humour for some of us.
psychochomper
09/9/2019
11:10
There are always very clever people who can buy at 60 and sell at 40 and still make a profit. However 99% of WPCT holders have lost money.
rcturner2
09/9/2019
10:47
MMmm, nice little rise again today. 10% in a couple of weeks, eh? I am thinking that I might top slice later this morning. I bet I've made more money on WPCT than the oaf spectro, winnie and the sharepropups and jonwig put together. You guys should concentrate more on making a bit of money instead of using up all your waking hours trolling. LOL LOL LOL
brianarthur1939
09/9/2019
10:29
@Erogenous - I read @ltcm1's comment as tongue-in-cheek. Woodford has undoubtedly told untruths, repeatedly and on an ongoing basis, about what he's doing with "your" money. Illegal? Well, he's not giving advice, any more than HL were when putting the 2nd worst-performing fund in its sector into their Wealth 50. But to repeat (again) - a once-in-30-year UK value opportunity and yet a WEIF Top 10 that included IH, Proton Partners, Benevolent AI, Autolus, BUR? Russian Warehouses? Unlisted, no profit, minimal revenue co's?
spectoacc
09/9/2019
10:20
ltcm1 - what a ridiculous comment. Sure, he might have totally lost the plot when in comes down to his choice of investment and it can easily be argued that he has rather squandered investors wealth, but that does not necessarily mean that he deliberately set out to mislead investors. it would be extremely difficult to prove such case, I would have thought. Stupid financial decisions are not really grounds for extradition. If his fund(s) is(are) wound up, then a financial audit will identify if there is a challenge to probity.
erogenous jones
09/9/2019
09:55
frying pan into the fire if you flee to the EU germany is sneezing - watch the oncoming pneumonia for the rest of the EZ you see the UK posted better gdp figures earlier ? be ready to be surprised LTC
1oughton
09/9/2019
09:47
One ray of hope for Woodford is if we get hard brexit there will be a bunch of countries he can escape to to and be safe from extradition. I would not be atall surprised to see him do exactly this, it's very difficult to see how he can remain in the UK if it pans out as badly as it is looking.
ltcm1
08/9/2019
17:25
"Sleep says: 'One thing I have learned from following Woodford is to ignore what he says and look at what he does." Absolutely. Staggering the b*llocks he comes out with and gets away with.
spectoacc
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
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