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
  0.25 0.84% 29.85 29.85 29.95 30.45 29.75 30.30 833,873 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -3.8 -0.5 - 271

Woodford Patient Capital Share Discussion Threads

Showing 11376 to 11393 of 11675 messages
Chat Pages: 467  466  465  464  463  462  461  460  459  458  457  456  Older
DateSubjectAuthorDiscuss
27/10/2019
13:54
anyone got full list of holdings
onjohn
27/10/2019
13:45
Agree with many investors complaints about the equity income fund. Marketing it as a fund with protection of investors capital as its main priority you can understand them feeling mislead when so many high risk and unquoted companies were purchased, they are one of the last places you would put your money if you did not want your capital to be at risk. In my opinion there is a strong case that he mislead them. I also found the way his funds always featured so highly in HL's top lists "surprising". Questions need to be asked.
tim 3
27/10/2019
13:31
@Jonwig - one major issue with the OD will be asset coverage. Come January's renewal, what will the WPCT NAV look like? WEIF will have likely sold down the unicorns by then, and resultant valuations of IH, RUTH etc are unlikely to be pretty. Suspect Benevolent may be OK simply because it's been written down by 50% already, presumably to the price Temasek paid, and so may find a buyer at a similar level. Remember NT once thought they had about 5x protection - they certainly don't have that now. (Horse trading - lol).
spectoacc
27/10/2019
12:05
"The regulator must clamp down on fund labels that are misleading. For example, where a fund suggests a focus on producing an income for investors when it is in fact heavily invested in illiquid or unquoted stocks that do not generate income (as was the case for Woodford Equity Income). The regulator itself should be overhauled so it is ready to detect potential problems. The rage of investors cannot be underestimated. They feel let down by a regulatory system that continues to fail to protect the consumer." https://www.dailymail.co.uk/money/investing/article-7617007/Make-Woodford-return-8-7m-Outraged-investors-contact-losses-mount-up.html
eeza
27/10/2019
12:02
From the Sunday Times today, there appears to be some traction to consider litiagation against Hargreaves Lansdown (HL). The remuneration tactics for the "advisors" for HL and other similar businesses is given some prominence. There are also complaints on the length of time it takes to transfer assets from the HL platform. I understand others' fustration. It has taken roughly thus far 4 weeks for HL to confirm my holdings are as I claim - and far from being expeditious in effecting the transfer, the only assurance is that the process will take up to 6 weeks. My inference is that HL is coping with a heavy outflow of customers.
erogenous jones
27/10/2019
08:29
Spec - "Horse Trading", then! If that's how WIM conducted its business, I'm surprised it lasted so long. Not how other fund managers work!
jonwig
27/10/2019
08:27
If we're still pointing a finger at Schroders after "four and a half decades", we shouldn't forget Goldman Sachs and the 1929 crash. From what I can find, Schroder Wagg came through the Secondary Banking Crisis pretty well. NT and its overdraft - I don't know how much business S and NT do together, but S in in a position to expand that, if the circumstances are right. Agreed, banks aren't always smart: Lloyds buying HBOS wasn't (though they were leaned on), and DB has never been smart! I doubt I'll ever buy this, but it's endlessly fascinating!
jonwig
26/10/2019
20:25
Is this the same Schroeders whose reputation was rather tarnished in the '70's? As the age level these days for CEO's is dropping and their career path seems to be one born from mutual backslapping in high pofile companies, I suppose that a broad overview from a perspective as onlooker has rather bypassed their vision. I concede Schroeders a similar trust to that for Panmure Gordon. Both barge pole enterprises, IMO
erogenous jones
26/10/2019
15:26
@chucko1 - more about the kudos than the wealth I'm sure. Wanted to be the big swinging d*ck and started to believe his own PR. Could hardly be more different than when he started out! "The market is full of rags to riches to rags stories". I don't feel sorry for Neil but I do feel for his investors, the ones who trusted the likes of HL, STJ, the press, and their financial advisors, rather than those who should have known better!
spectoacc
26/10/2019
14:03
@Specto, he just wanted a bigger yacht. Many succumb. Bernie Ebbers being one of the more famous. Goes to show that the happiness vs. wealth curve is a complex one. Better just to chill, but Neil simply could not. That alone doesn’t make him a baddie, though.
chucko1
26/10/2019
12:31
@rambutan2 - indeed. Avoided anything impolite about Woody's Atom Bank investment - perhaps the best that can be said is it's a hot sector, and WPCT at least won't be a forced seller. And perhaps sufficient other investors to supply it with cash to keep it going. @Psychochomper - filter fakes like "Johnwig"! Pity it can't be done at IP level, keeps reappearing under different names. Adds precisely zero to the debate. @daffy - guessing the explanation is Woody's tens of millions are trapped in WEIF, but do like the notion that he could go t*ts up despite having made such vast sums. Some poetic justice for the financial problems he's causing his investors (remember what we all said about the likelihood of a December ungating - how many were desperate for their cash back?). Some enjoyable (albeit not 100% accurate) comments in MoneyWeek from MSW: "Tell the story from scratch to someone not following it and it will sound unbelievable. Tens of thousands of people gave billions of pounds to a man to invest using a style he could produce no track record for in an environment he had no experience of. That man made every mistake it is possible to make as a money manager. He changed style - leaving value for overpriced healthcare and tech firms. He ignored criticism and compliance. He believed his own hype. He raised too much money. He held too many illiquid assets. He blamded the market every time something went wrong." [Edit - going back through WIM's last set of accounts reminded me just what a money machine it was. Not only the £36m divi to Craig & Neil, but £12m of wages, the lion's share no doubt to NW. If they could squeeze £50m/yr out, why take risks? Buy the big liquid FTSE100's, lag or beat the market with excuses for the lag years. Even without growing beyond say £10bn under management, in 20 years there's £1bn of pure profit. Double the AUM and get there in nearer 10, or £1bn each in 20 - and that's profit, not including the value of the actual business. Staggering to think Woody wanted more, wanted to shoot the lights out, created an "income" fund that had RUTH, IH, Benevolent, Autolus, Immunocore, & other complete non-divi techs. And is now rightly finished.]
spectoacc
26/10/2019
02:38
Daily Fail claiming Woody has had to sell some of his prized horses to raise cash: Neil Woodford has sold two of his prize horses as he seeks to offload some of his 'luxury items'. Experts said the sales could recoup as much as £70,000 and save Woodford, 59, around £40,000 a year in running costs. A source close to the couple confirmed that 'top-class event horse' Carden Earl Grey and 'novice' Ringwood Gold Dust have been sold.
daffyjones
25/10/2019
23:07
”I'm no longer particularly cheerleading for this stock (I'm not daft)”. 'No longer' suggests that you admit you once did. Strange, as only a complete fool would have had anything positive to say about it. If I were you, the best thing for you to do would be to reflect on what you got so badly wrong. You write this the day after crowing about its rise from 30p to 40p, as though people like myself should be embarrassed or somehow fearful. Far from it - I attempted to reestablish the full short once again, but it was not available. Alas. 36p now. And you give the impression of someone tormented by the bitterness of a terrible loss on your investment in this stock, lashing out at anyone who has intellectually bested you here. You were warned so clearly, but seem unable to separate intellectual standards, as you call them, from uncomfortable truths.
psychochomper
25/10/2019
21:49
I'm no longer particularly cheerleading for this stock (I'm not daft) nor adoringly supporting the wretched Woodford (I never did). However the two posts supposedly from specto and topvest are proof of the low intellectual standards on this thread. How can they airily dismiss, with no knowledge and no rationale, dozens of stocks of which they are clearly ignorant? It's pure trollery and for the thousandth time from "both"!
johnwig
25/10/2019
21:14
https://www.telegraph.co.uk/business/2019/10/24/woodford-patient-capital-appoints-schroders-manage-renamed-fund/
m w
25/10/2019
18:04
Yes, bit of a puzzler Schroders wanting to take this on. Will ponder on it over the weekend. Re Atom Bank. Is not an obvious hidden value/write up candidate: htTps://www.altfi.com/article/5665_atom-bank-boss-mark-mullen-banks-in-a-hurry-are-taking-risks-or-cutting-corners
rambutan2
25/10/2019
17:53
What a hopeless list of sucker stock investments. Personally, I will be surprised to see them clear the overdraft, but haho there may be a bigger fool somewhere? Trouble is even the bigger fool theory doesn’t quite work as the seller is distressed and they know that. Even stupid bubble investors don’t buy popped bubbles if you see what I mean! Just look at the nonsense of Wework.
topvest
25/10/2019
17:41
Porsche - "Schroders are out for the buck, get real." That's fine, rest is poor form.
jonwig
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