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 10376 to 10395 of 11125 messages
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DateSubjectAuthorDiscuss
12/9/2019
13:11
Article on citywire saying the price is rallying as it was the equity income fund not WPCT which funded the rutherford new monies. "Patient capital rallies as cash pledge to top stock falls on Woodford fund"
scrapheap
12/9/2019
12:16
I've recently spent some time in the labs at Oxford Nanopore - they are a nice bunch. Their HQ is pretty swish, but I didn't really get the impression that they are about to become a multibillion pound company. I really tend to deal with the science rather than commercial so I could well be wrong, but I had the feeling that some of their offerings were more miss than hit. Of course its very early days for that sort of tech too. They had quite a lot of new equipment in their labs - a lot of the startups I've been too have tended to buy it second hand. I did think that perhaps they are spending more than most in a similar position. Of course if woodford et al stumped up a lot of money early doors then thats what happens.
dr biotech
12/9/2019
05:57
daffy - true, but I thought the commitment to fund RUTH was from WIM, rather than WPCT. If WPCT is a funder or co-funder, they will surely have to RNS it? Doesn't mean they will, though! diku - pictures are prorogued!
jonwig
11/9/2019
23:33
What no pictures...
diku
11/9/2019
22:45
@jonwig "Nortrust would have blocked it" Northern Trust stated that "WPCT has agreed to make no further investments during this time without the prior consent of the lender (such consent already provided in relation to certain existing commitments)" They must have already factored in the existing £80million commitment to PP/RUTH. This latest drawdown means that Woodford has now forked over £47.5M of the £80M commitment in the last four months. Still plenty more that they can get out of him if the squeeze hard enough.
daffyjones
11/9/2019
19:34
Nice work if you can get it and you can get it if ... ...
buywell3
11/9/2019
16:13
Rutherford Health - eight directors total pay about £670,000. Woody will now hold over 50% but doesn't seem to have a seat.. The money raised just now is for working capital, yet they've just opened a new PB centre in Berkshire owing to "demand". They are playing him for a fool - and who wouldn't in their position.
jonwig
11/9/2019
15:13
WEIF or IFF, ridiculous in either! Not in IFF's remit, and WEIF promised to sell all unlisteds "within 6 months". Proton/Rutherford have him over a barrel.
spectoacc
11/9/2019
14:38
Just guessing, but it must have been WEIF, surely? Nortrust would have blocked it.
jonwig
11/9/2019
14:33
RNS from Rutherford Healthcare today stating that Woodford had subscribed for 7.1m shares at a maximum price under the agreement of £1.76.raising £12.5m.
picnic
11/9/2019
13:15
He won't get a performance fee, as any outperformance has to make up the shortfall from previous years. (The nav has to pass 100p plus the hurdle rate before the calculation gives a result, so around 140p!)
jonwig
11/9/2019
12:20
given the ongoing collapse in NAV and slight reversal here, WPCT could swiftly be trading at a premium to stated NAV... I wonder if woodford will get a bonus for that ?1?
pjj71
10/9/2019
21:54
I have made it quite clear that I do not have any interest in this concern other than from an academic perspective. There are contributors to this thread that appear to feel that it offers value for money, confusing a low share price with cheap and a discount to NAV that suggests value. This is neither. NW is yesterdays manager. When disciplined and constrained in his former employ rewards were evidence. On his own account, has been on a power trip and just about everything he has invested in is toxic. He is thus a very powerful person to follow. If he buys shares in a PLC in which you have interest, it is an excellent sell indicator .
erogenous jones
10/9/2019
17:35
EJ, there have been so many examples of NW making barely credible statements and following up with actions which are barely the right side of the white line. It would be an act of hope over experience to think there will not be further instances, should they decide to keep him there a while longer. In this regard, the “available information” is the current pattern. Good luck to those who think it can change.
chucko1
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
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