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
  0.00 0.0% 33.60 33.55 33.90 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -3.8 -0.5 - 305

Woodford Patient Capital Share Discussion Threads

Showing 11376 to 11393 of 11725 messages
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DateSubjectAuthorDiscuss
28/10/2019
08:56
Spec - I think I'd agree with most of that. I'd want to see an 'event' of sorts which indicates the kind of tactics S will be using. Today's trading is heavy, and looks like holders selling into strength. Incidentally, shorts have gone below 0.5%: https://shorttracker.co.uk/company/GB00BVG1CF25/
jonwig
28/10/2019
08:39
Also - "When the facts change, I change my mind" - unlike several on here, there's been nothing about the appointment of Schroders that makes me think WPCT's NAV is suddenly anything other than the Not Asset Value it's always been. But I did start to think about what would make me change my mind: 1. A huge winner amongst the Top 6 (eg IH discovers cold fusion, lol) 2. WEIF achieve dramatically higher prices than NAV from the unicorns (seems inconceivable, but SoftBank example above) 3. A bulk sale of WPCT's holdings, leaving enough cash to repay the OD, and for Schroders to basically start again with a "new" IT 4. A kitchen-sinking and dramatic - I mean dramatic - fall in WPCT's s/p, to the point where the potential upside becomes compelling. 10p?
spectoacc
28/10/2019
08:33
Hadn't realised Woody had 2/3rds of Woodford Capital. Of course, if it's flush with cash, they can wind it up and take it out as a capital gain at 20% tax. Honestly, I think Neil needs the money.
spectoacc
28/10/2019
06:27
Former star fund manager Neil Woodford and his business partner Craig Newman reaped close to £20m in dividends in the last financial year even as the crisis at their investment house escalated, according to an FT analysis. .... In 2016, Mr Woodford and Mr Newman restructured their business in a way that enabled them to be paid in dividends, reducing their personal tax rate. Profits from Woodford Investment Management are transferred to a second company, Woodford Capital, of which the two men are the only directors. Mr Woodford owns two-thirds of Woodford Capital. .... “The Woodford saga hints at a wider practical dysfunctionality across the UK’s fund management industry,” said Luke Hildyard, director at the High Pay Centre, a think-tank. “It shouldn’t be possible for directors to profit so lavishly from such disastrous performance.” https://www.ft.com/content/7c836b8e-f4da-11e9-a79c-bc9acae3b654
jonwig
27/10/2019
14:19
@ ONJohn - the HY report gives them, at 30/06. I'll help you by posting the link: https://www.investegate.co.uk/wood-pat-captst-plc--wpct-/rns/half-year-report/201909300700190482O/
jonwig
27/10/2019
14:16
@ Psychochomper (moderated) - engagement with that poster is a barren exercise. Nothing he says is of value. Please don't engage with him here. (Suggest filter.)
jonwig
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
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