Woodford Patient Capital Share Discussion Threads

[topvest] 24/10/2019 18:39

Maybe very deeply hidden! Call me old fashioned, but can anyone name a WPCT portfolio investment that is due to make a profit and positive cash flow in 2020?

[dr biotech] 24/10/2019 18:30

Schroders would have gone into this with their eyes wide open and presumably think their targets are achievable - and their targets have used a base of current NAV. Not rushing in to buy, but perhaps there is more value hidden inside than we thought.

[topvest] 24/10/2019 18:18

I’m genuinely surprised that Schroders want to be associated with this disaster. The downside is much worse for them than picking up a few million of fees. Schroders are a class outfit, which is something definitely not associated with WPCT. It’s obviously really good news for WPCT and maybe indicates that there may be some value. For those still owning shares, what a lucky break and another fantastic opportunity to exit for some value. I suspect there is a big portfolio write down coming before Schroders start charging their fees. Maybe the plan is to raise new equity and use this as a technology vehicle for Schroders. Maybe trying to catch up with Baillie Gifford? If I was a Schroders shareholder I wouldn’t be impressed.

[topvest] 24/10/2019 17:11

I’m genuinely surprised that Schroders want to be associated with this disaster. The downside is much worse for them than picking up a few million of fees. Schroders are a class outfit, which is something definitely not associated with WPCT. It’s obviously really good news for WPCT and maybe indicates that there may be some value. For those still owning shares, what a lucky break and another fantastic opportunity to exit for some value. I suspect there is a big portfolio write down coming before Schroders start charging their fees. Maybe the plan is to raise new equity and use this as a technology vehicle for Schroders. Maybe trying to catch up with Baillie Gifford? If I was a Schroders shareholder I wouldn’t be impressed.

[chucko1] 24/10/2019 16:11

Yes, but they get to choose the investments. They don’t go down the local fair and play lucky dip. Unless, of course, they sell the WPCT investments to some other Schroders fund at carrying value, and put something decent in there instead! They could even hire Neil to advise them on that (the off-market swap, that is).

[jonwig] 24/10/2019 15:44

Comments on this FT article suggest Schroders have picked a winner, as they already have a division which fits (Adveq). And £1m a year for doing ... not a lot! "With USD 10 billion in assets under management, Schroder Adveq focuses on specialised investment solutions that provides our institutional clients access to select private market segments through primary, secondary and direct/co-investments." https://www.ft.com/content/6e8e2e26-f627-11e9-a79c-bc9acae3b654

[erogenous jones] 24/10/2019 15:42

Many thanks

[chucko1] 24/10/2019 14:15

Although I am ‘transitioned’ to this new board, just to let you know - I’m still laughing.

[jonwig] 24/10/2019 14:10

EJ - I created it on PBB, but daffy's link shows it's also FBB.

[skinny] 24/10/2019 14:10

Ok - I've deleted the post - can't believe its offended someone! :-)

[jonwig] 24/10/2019 14:06

Skinny - yup, that's what I did. I can't ban blue users, it's up to each to filter. Dr B - I imagine come December, we'll have another EPIC so another thread anyway!

[daffyjones] 24/10/2019 13:53

New thread here Https://uk.advfn.com/cmn/fbb/thread.php3?id=45115266 but seems silly to move just because of the Ant's juvenile postings. They'll drop off the header eventually - usually just takes a few days.

[dr biotech] 24/10/2019 13:45

Shame to move as whilst this thread had some..erm characters it was generally quite good. Or at least it had little spamming. Question is will the new management still use link as the “independent values” or will they change tack and when? We all look forward to seeing IH’s new price.

[chucko1] 24/10/2019 13:25

Hello. This makes more sense.

[erogenous jones] 24/10/2019 13:08

Thank you. Much appreciated.

[clocktower] 24/10/2019 13:04

Thank you j.

[epo001] 24/10/2019 12:56

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.

[erogenous jones] 24/10/2019 12:49

Sadly, that is open to subscribers, and that is something I do not intend to renew as I ceased to get value for money. Anyway, very best of luck. In the meanwhile, I have placed complaint to ADVFN for the contribution that this disruptive individual is causing.

[jonwig] 24/10/2019 12:47

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: https://uk.advfn.com/cmn/pbb/thread.php3?id=45115266

[erogenous jones] 24/10/2019 12:19

what on earth has happenned to the header - it seems to have been hijacked by a juvenile and despite filtering the user has rather ruined matters?

[rcturner2] 24/10/2019 12:18

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 12:17

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?