Woodford Patient Capital Share Discussion Threads

[epo001] 24/10/2019 13:56

EJ, that link is subscribers only but do a search for wpct at the top of the page and the thread is shown and readable.

[jonwig] 24/10/2019 13:47

Sorry, I can't do with that header.
Have filtered him but it's gone into the header thanks to ADVFN's money-making laxity.
New thread here which I can (I hope) moderate:

[rcturner2] 24/10/2019 13:18

This site is really going to the dogs if advfn allow this kind of rubbish to fill up the threads and headers.

[spectoacc] 24/10/2019 13:17

Agreed @chucko1.

Will be interesting to see what prices WEIF can achieve on sales, and whether those new valuations can avoid going into WPCT. Not expecting any to be higher than currently, with some potentially at zero (and not just IH).

Mind you - did I read correctly that WEIF may take 3 years to fully wind up?

[chucko1] 24/10/2019 12:56

I do not call a 20% write down (so far) in NAV a game changer. Wework looks like it would be far more than that when all is said and done. And that’s not anywhere near as insane a proposition as is IH, for example. Far from it.

But I accept the point that Schroders are not deranged, and will have done various diligence. And that WPCT is no longer in imminent danger of ceasing to be a going concern.

And yet I cannot stop laughing.

[minerve 2] 24/10/2019 12:56

Ok. Thanks for the message jonwig.

If you click on that link back on the old thread it just requests subscription upgrade. Well, that is what happens to me anyway. I had to find this thread on search and then it works. Something to do with the link then, obviously.

[epo001] 24/10/2019 12:48

Andy, wasn't gloating, just happy to have dodged a bullet.

[empathy101] 24/10/2019 12:28

I think people are a little off track saying the portfolio is worthless ..
The truth is for venture capital or private equity (which is kind of what this is) in any fire sale it is hard to find buyers or buyers at reasonable prices.
However this is now a going concern with an experienced fund management team...the NAV has already had significant writedowns so I suspect we end up trading at a 20% discount to NAV ... so 55-65 kind of area makes sense - I also suspect long term this might well be a very good fund...and it’s the kind of fund you need a 10 year view on..

[bullet ant] 24/10/2019 12:23

Going to boooooom big time.

[johnwig] 24/10/2019 12:23

jonwig. It looks like you, spectoacc and the winnies are not so good at predicting as you thought you were.

Pride, overweening pride, always comes before a fall.

[bullet ant] 24/10/2019 12:22

JONWIG

LOSEERRRRRRRRRRRRRRRR OF ADVFN.

[bullet ant] 24/10/2019 12:19

BUY BUY BUY ALL THE WAY TO 55P

[minerve 2] 24/10/2019 12:15

That's no good jonwig. It is a premium BB.

[jonwig] 24/10/2019 12:12

Sorry, I can't do with that header.
Have filtered him but it's gone into the header thanks to ADVFN's money-making laxity.
New thread here which I can (I hope) moderate:

[andy] 24/10/2019 12:11

careful,


Gloating at the (perceived) losses of others is so last century.


The bad investments are still there, and I would imagine will be offloaded at some point before Schroders start work.


I would imagine most shorters here have been in from a lot higher then 39p!

[epo001] 24/10/2019 12:09

Sold this a year ago at 84p. Pretty miffed at the loss at the time, seems like a genius move now. Perhaps there will be a time to come back in.

That Panorama was pretty content free but the FCA knowing Woodford had set valuations when his own fees were directly related to those valuations and not doing anything about it means that PIs have no protection whatsoever against incompetents or fraudsters.

[daffyjones] 24/10/2019 12:08

Schroders haven't got that much history of success with private equity, having only really ventured into this field in 2017 when they purchased Adveq. They are best known for their outsize fees - 1% AMC is really chunky and will be a big drag on performance. Surprised shareholders would agree to this rather than a winding down of the fund.

Also what a ridiculous name - Schroder UK Public Private Trust plc