Woodford Patient Capital Share Discussion Threads

[spectoacc] 26/9/2019 13:33

Thanks @kooba. WIM previously wrote down some of ALM's holdings that ALM said they'd no longer fund - must have been a few months ago from memory?

All we all (most of us..) know is - plenty more to come from WPCT!

[pugugly] 26/9/2019 13:25

may well have been posted before but possibly the warning was there with naming in the 1st place - as applicable to Investors Capital
Patient!

noun: patient;
1. a person receiving or registered to receive medical treatment. Similar:
sick person case sufferer victim invalid

[kooba] 26/9/2019 13:24

See Allied Minds results today.Think they have written a couple of holdings WIM have to zero so could be a couple of the mark downs if in WPCT.DYORSciFluor NilPrecision Biopsy ceased tradingBoth these companies WIM propped up in Feb 2019Allied Minds has agreed together with Woodford Investment Management to equally contribute an aggregate USD9 million of convertible bridge financing to drug discovery company SciFluor Life Sciences LLC and optical biopsy technologies firm Precision Biopsy LLC.Appears unable to raise funds which fits narrative today.Article in The ST ...my guess is they hadn't written down to zero.https://www.thetimes.co.uk/article/neil-woodfords-worthless-tech-bets-ptllqm8b9

[daffyjones] 26/9/2019 12:23

6 funds is way excessive. You end up with essentially an index trackers at hugely inflated cost. Best thing to do is go all-in on passive trackers. You aren't going to beat the market

[rcturner2] 26/9/2019 11:21

I believe that you should have at least 10 stocks/funds and preferably 20. I currently have 13 - 7 shares and 6 funds.

[careful] 26/9/2019 10:54

I am beginning to use faith in Woodford.

[1oughton] 26/9/2019 10:51

last one out please turn the lights off

[johnwig] 26/9/2019 10:47

In conformity with this thread's regular policy I am repeating an announcement made here by the most frequent posters on this thread. I have no ownership or other interest in WPCT shares.

Crowing is therefore, as ever, a futile exercise. As is trolling. And Spectoacc's posts. LOL

[scrapheap] 26/9/2019 10:39

salami anyone?

[timnet] 26/9/2019 10:20

Of course the NAV is rubbish and until we get back to a discount of about 15%, we know there are still further devaluations to come. The market understands the underlying asset values of WPCT better than Link, who apparently do this sort of thing for a living. We've already seen a slow but progressive reduction in discount (from 50% to 33%).

[spectoacc] 26/9/2019 10:20

Ha ha yes - it went from former to current! Seriously, can that man not do anything right? If not, the next big p/w would be from BT....

The former Woody stocks are generally only possible buys because they've already been hammered of course. Must confess to picking up a few IPO yesterday, and c.45% discount to hard NAV.

[solomon] 26/9/2019 10:17

I agree SpectoAcc - you have to pick carefully with former Woody stocks. I thought IMB would be a good one to go for. I guess it just isn't 'former' enough.

[spectoacc] 26/9/2019 10:01

@chinahere - am sure everyone can tip you their portfolio ;) Personally I think there's a lot of value in the property plays - those that might survive anyway, and aren't too retail-exposed. Some of the developers look v cheap, as do some of the REITS. Pick carefully tho...

Another good q might be "what former Woody stocks" - I'm in a few.

[chinahere] 26/9/2019 09:40

As an aside - I don't suppose anyone can recommend a share which is the opposite of WPCT a year ago?

ie. massively undervalued with all the bulls being ignored.

[biggest bill] 26/9/2019 09:26

I think a lot of investors here are still in denial about the nav. They think that the "official" nav being published every day is still connected to reality. It is only when the next writedown is announced that they start to think that maybe the bears here might have a point. There are a lot more writedowns to come.

[cc2014] 26/9/2019 09:11

I see he's picked yet another. Repositioning WEIF to buy IMB and now IMB is down 9% today. Just how much bad picks can he make. And at such speed.

Not sure how much Sphere is worth in WPCT but last set of accounts showing it was valued at £25k (total) in WEIF, so suspect whilst Sphere is one of the three it's impact on NAV is almost nil.


Actually what is astonishing me more is that the share price falls so fast when Link announce the NAV is being reduced. Like the market didn't know about all the rubbish in there.

It will be interesting to re-run the gearing calculation now as unless I've missed something it's still going up not down.

[buywell3] 26/9/2019 08:38

buywell3 - 27 Aug 2019 - 13:55:49 - 9986 of 10380 ::: WOODFORD PATIENT CAPITAL TRUST ::: - WPCT
Today NAV has hit 74.72p

Based upon previous buywell metrics if NAV hits 70p then WPCT could hit 35p on current linear progression decline

NAV 65p will give 30p ... could IMO take at least 4 weeks to get there , maybe up to eight weeks

Sorry can't be closer

However

Boris gets a decent deal and it changes things

[buywell3] 26/9/2019 08:35

I believe Mr Woodford has a tobacco holding
Both BATS and IMB are falling today

Charts rule ok



buywell3 20 Sep '19 - 15:29 - 2653 of 2699 Edit

The price recently halved from the chart all time high

Current anti smoking sentiment is not helping this one iota and IMO the BOD would be better looking to diversify away from tobacco altogether instead of all these buybacks which tend to only delay the inevitable .

IMO 1500p retest of chart support now looks possible










Funnily exactly the same can be said of BATS IMO



dyor

[daffyjones] 26/9/2019 08:14

IMB has gambled heavily on the vaping trend. With the crackdown in the United States on vaping, it looks like a losing hand to have played. Still, at least they've got their investment in a cannabis firm