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
  -1.25 -4.16% 28.80 28.75 29.00 30.20 28.80 29.20 1,060,082 16:03:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -3.8 -0.5 - 262

Woodford Patient Capital Share Discussion Threads

Showing 10426 to 10449 of 11600 messages
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DateSubjectAuthorDiscuss
17/9/2019
14:32
Has the write down been based on the temasek subscription implied value.. If so that's likely to be overly harsh I'd have thought as new money will nearly always come in at a discount.
scrapheap
17/9/2019
14:24
Just now: Further to the announcement by the Company on 12 September regarding the revaluation by Link Fund Solutions Limited ("Link") of one of the Company's holdings, the Company is now able to confirm that it is BenevolentAI. The Company notes and welcomes today's announcement from BenevolentAI regarding the investment of $90 million from Temasek. The capital raised provides funding for its next stage of development and introduces a new, high quality, long-term institutional investor.
jonwig
17/9/2019
13:14
They may indeed be bright enough, but the emotional attachment is usually a stronger force. Not helpful for the bank balance.
chucko1
17/9/2019
12:27
Have to laugh at the WPCT reaction to "4p more off the NAV" being going up a penny over the following few days. Surely shareholders are bright enough to think "what other nasties are lurking", rather than "maybe that's the NAV kitchen-sinked now".
spectoacc
17/9/2019
07:09
Good call on ALM @Jonwig.
spectoacc
16/9/2019
18:44
DBAY will probably buy Eddie Stobart. They have a track record of turning around logistics companies.
topvest
16/9/2019
15:39
@Dr B - they've had a bid approach too tho (ESL), tho no price given. STOB own a chunk of ESL too - is Woody still in STOB? Typical Fat Bloke Finance Woodford - own something that owns some of something that you also own something of. CIR/Autolus, IPO/many, ALM/several. Woody's ideas clearly so good, he wanted multiple exposure to them. @topvest - January seems the key time. WEIF will have (lol) sold off all its unlisteds, giving a much clearer Not Asset Value to WPCT. The OD will be up for "renewal", and in theory well on the way to being paid off (*cough*). Rutherford may or may not have finished its calls on WIM (not sure how Woody gets away with making them from WEIF, when he's promised to sell all unlisteds - instant losses for gated-in WEIF shareholders). The 9% of WPCT held by WEIF should also have been sold by then (no longer FTSE350 so doesn't fit with his new promise - tho since when has he ever), and will be the time to look at the unlisteds percentage limits (should be OK, most will have been written down savagely) & also the gearing limit (uh oh). And maybe, just maybe, the spineless, toothless, ship-jumping, stable-door-closing, hollow-suited WPCT Board will have ditched Woody, the failure's failure, by then.
spectoacc
16/9/2019
12:22
Eddie Stobart group issued a less than positive statement today. Shares are suspended but they essentially issued a profit warning and are looking at raising more cash. Woodford holds about 20%...
dr biotech
16/9/2019
10:06
Blimey, published NAV now 69p. Still a work of total fiction, but starting to respect the laws of gravity. I'm sticking by my 10-20p return (at best) and quite possibly zero. The share price still offers a great exit versus intrinsic value in my view.
topvest
16/9/2019
09:10
The rate the NAV is crashing this will barely be able to pay for the Board soon... lets hope a white knight takes it over soon... what a dog
pjj71
16/9/2019
08:15
mi master jonwig ses that wini has made a rite idiot of hisself on something cauled BUR. probley needs a nice hump but he cant even afford a kennel ses jonwig. Woof Woof rex t'dog
rexrandi
16/9/2019
08:07
14 silly little winnitroll posts in a row! They don't seem to be having much effect these days, do they? Hence the desperation,one supposes.
pete_bane
16/9/2019
07:43
Citywire One of Neil Woodford's main holdings, Benevolent AI, is set to see its valuation halve on the back of investment from a Singapore wealth fund far lower than its $2bn (£1.6bn) valuation. Tech firm Benevolent AI, which is headed up by Government minister and former Facebook executive Joanna Shields and has already signed deals with pharamceutical giants Astra Zeneca and Novartis, is expected to announce that Temasek will take a minority stake in the firm, valuing the firm at $1bn (£800m), The Times reports. The tech start-up firm was backed by Woodford and comprises approximately 4.5% of the Woodford Equity Income Fund (WEIF) and just under 10% of Woodford's Patient Capital trust (WPCT), data from Hargreaves Lansdown shows. WEIF is thought to have lost over £40m so far in selling off stocks while last week WPCT warned investors it had written down the value of one of its holdings - thought to be Benevolent AI - hitting the net asset value by 4p a share.
scrapheap
16/9/2019
07:34
Spec - at least three of the four holdings have real potential, and any write-offs would (from your quote) amount to no more than ~10%. They have said they are keen to monetise these and return cash. GBP could be a downer: a rise of 10% or so vs USD is perfectly possible on a Brexit deal. (Even May's deal would pass now!)
jonwig
16/9/2019
07:23
ALM results a week on Thurs, what chance more write-offs... Has been below 40p, is it worth chasing at nearly 60p? But generally agree - tho don't hold. CRS's presence has been a plus. Isn't in FTSE350 anymore so Woody will surely have to sell WEIF's ALM holding at least. From CRS: "...The Fund notes that the share price of Allied Minds continues to trade at a very material discount to its estimated net asset value. The Fund attributes this to the continued excessive level of central operating expenses for a company now in run-off where four investments plus parent-level cash account for more than 90% of asset value and the board's failure to cancel the egregious Phantom Plan that ignores all portfolio losses when calculating management bonuses. The Fund believes that the scale of share price discount has not been addressed by the board of Allied Minds and therefore intends to take appropriate action." So ALM has reasons to be cheap, before considering the WIM holding, which CRS very strangely neglects to mention. IPO a better bet, based on NAV discount & spread of holdings?
spectoacc
15/9/2019
16:24
Been looking at ALM. 1) The 2018 AR shows a significant accounting change: 2017 NA were $12m, 2018 $123m! This isn't a sudden magical uplift, it's explainesd in the accounts (mainly a change in calculating the non-controlling interests). So we're at 51 c/sh, or 41p. (The auditors seemed relaxed about this.) 2) Crystal Amber in its recent results (13/09) estimates the current NAV to be between 95p and 105p after two positive fundraisings from investee companies. They'll have done their homework - they hold 6.9%. 3) The high cost structure has been dumped (Crystal Amber pressure). 4) ALM might well be suffering from the Woodford overhang effect: WIM still holds over 21% in two funds. Maybe it won't clear anytime soon, and could drag the share price down in the meantime. Judging by such as Autolus and Prothena, waiting for news that he's done misses the bounce. A new manager of WPCT could well keep the shares, WEIF probably can't. All told, this might be one way to make money out of Woody.
jonwig
15/9/2019
15:23
IP Group can still cornerstone the next Ox Nano round at silly prices
cynicalbear2016
15/9/2019
13:27
Spec, Just guessing which will be the next of many chickens to come home to roost for WPCT NAV. Nanopore makes clear it needs to raise money in 2019. With Woody unable to cornerstone it at stupid prices, another halving of it total "MCap" is on the cards in a couple of months time. Of course IH could take another hit as that is still massively over valued and must be needing cash in the not too distant future - I think it won't raise any and go to zero. RUTH is massively over valued, but whilst cash can still be extracted from WEIF it will be much longer before reality has to strike there, the problem will be WEIF trying to offload its stake, which I just do not see happening.
sweet karolina2
15/9/2019
10:27
@sk2 - don't forget Rutherford. And in WPCT's case - also a large tail of likely-bust-without-more-money-which-they're-not-now-getting-from-Woody stocks. The WPCT Board need to come out and say whether and when they're ditching Mr W. Also - IFF has been an appallingly dreadful performner even without the unicorns, the unlisteds, the early-stage cr*p. Woody's problem isn't just the unicorns & unlisteds.
spectoacc
15/9/2019
10:24
Nanopore next for the knife: Https://www.shareprophets.com/views/44778/oxford-nanopore-shows-it-too-is-a-woodford-cash-guzzling-dog-but-that-is-just-the-start-of-its-problems So far IH and BAI have only been trimmed back and not kitchen sinked to the level they should be (Zero in the case of IH).
sweet karolina2
15/9/2019
10:14
Per 10226 - Benevolent, surprise surprise. But - still a $1bn valuation, they've done well to raise cash at that level IMO. I don't see Benevolent succeeding, but good luck to them. IH, on the other hand... We all know what we think that's worth. Rutherford I'm more than happy to see splurging Woody's cash on cancer treatment centres. Woodford investors are going to lose it anyway, it may as well go on something useful.
spectoacc
15/9/2019
10:09
hxxps://www.thetimes.co.uk/article/neil-woodfords-benevolent-ai-sees-valuation-slashed-q5nchp2ds
ak47high
14/9/2019
11:17
Citywire lists the possibles (there are five of them): https://citywire.co.uk/investment-trust-insider/news/woodford-patient-capital-suffers-second-big-writedown-in-three-weeks/a1267951 ... and Numis is damning, suggesting some investors will have written all of these to zero.
jonwig
14/9/2019
11:16
SK - I responded on Tom’s website with my thoughts. On the more general point about sale of assets in WPCT. Think there have been three substantial sales to reduce debt, Prothena, Ultrahaptics and Oxford Science Innovation. Only the first was quoted If you ignore Rutherford, WPCT’s holdings of unquoteds is over 80% although the recent write downs are helping reduce that percentage
cynicalbear2016
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