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 11401 to 11423 of 11675 messages
Chat Pages: 467  466  465  464  463  462  461  460  459  458  457  456  Older
DateSubjectAuthorDiscuss
30/10/2019
08:16
Agree on S@G, hope they do better vs HL than they did vs WTG! HL - taking c.£50m in fees from clients they'd ramped into Woody's funds; reducing Wealth 150 to Wealth 50 yet still including Woody, despite big protests at the time (this was pre-gating); in-house HL funds slotting WEIF whilst continuing to recommend it to clients. But still not sure there's anything actionable gone on. Hope I'm proven wrong, the HL's are part of the problem.
spectoacc
30/10/2019
07:56
jonwig - not confused at all. Recompence? No chance - Funds were reported as in trouble (Halosource), in Jan 2016! From there, it was known as curtains, unfortunately FCA did not bother to step in, despite requests. Claim your losses off the FCA, if you dare? Cheers Dud
dudishes
30/10/2019
06:49
Australian law firm Slater & Gordon is preparing legal action against investment platform Hargreaves Lansdown over its support for disgraced fund manager Neil Woodford. In a tweet sent late on Tuesday afternoon, the company said it was looking into the merits of potential claims on behalf of investors who had poured money into Mr Woodford’s funds and asked them to follow a link to register their interest. .............. Around 291,000 savers used Hargreaves to pump their money into Equity Income. The platform plugged Mr Woodford's funds for years on its list of best buys, even as performance began to slip. A statement on Slaters' website said: “Our group litigation team is investigating possible claims for investors who invested in Woodford funds through Hargreaves Lansdown. .............. Fellow law firm Leigh Day is also digging into possible compensation claims from Woodford investors. A statement on Leigh Day’s website said: “We are investigating whether Hargreaves Lansdown misrepresented the health of the Woodford Equity Income Fund whilst continuing to recommend it, resulting in significant losses for their clients.” Hargreaves Lansdown declined to comment. https://www.telegraph.co.uk/business/2019/10/29/slater-gordon-joins-legal-fight-against-hargreaves-lansdown/
jonwig
29/10/2019
08:02
Looks interesting depending on price etc - tho there's ready-invested listed incubators trading at half NAV of course! And a more real NAV than WPCT's... ;) The comment in the article about releasing the lock-up is interesting, does imply the early investors may have been in cheaper? Also not clear what the existing portfolio contains, nor how valued, tho does sound like it's listing at "N"AV.
spectoacc
29/10/2019
07:57
Spec - the earlier placement raised $118m. There are 147m shares before the public issue, but that doesn't mean they cost $0.80 apiece, because some shares are management incentive, or something. The issue price is the current NAV with costs borne by the managers. The private placement couln't have been below the NAV they were generating, could it? I haven't got round to reading the prospectus yet so it will be next week before I decide. I wouldn't normally be too interested in this, but it looks like a casualty of the baleful Woodford effect which also looks like driving lots of investors into trackers.
jonwig
29/10/2019
07:25
@Jonwig re RTW - "Wanted £272m, raised £11.7m". Hmm. My question is - what price was the £92m private sale placement at? I'm not paying more than that!
spectoacc
29/10/2019
06:24
Are you confusing me with another poster?
jonwig
29/10/2019
06:17
50% loss and counting? Stupid stuff?
dudishes
29/10/2019
06:16
@ Dudishes - sorry, I don't understand!
jonwig
29/10/2019
06:14
jonwig, 50%+ plus, a bummer, don't you agree?
dudishes
29/10/2019
06:00
An IPO I was looking at (and considering buying), RTW Ventures (RTW) has had a poor reception. A life-sciences PC fund, thrown by the spectre of Woodford: https://citywire.co.uk/investment-trust-insider/news/rtw-venture-raises-just-12m-as-woodford-fall-hits-demand/a1286677?ref=investment-trust-insider-latest-news-list Dealings start tomorrow, USD-denominated. My point is that it will have the cash to pick up any decent stuff in the Woodford bran-tub. Will start a thread.
jonwig
28/10/2019
23:00
FT suggesting Woodford and Newman extracted a further £20m in dividends from WIM over the past year, on to of the £98m they withdrew from 2014-18 Https://amp.ft.com/content/7c836b8e-f4da-11e9-a79c-bc9acae3b654
daffyjones
28/10/2019
12:01
Iknow. I think I shall airily declare (for the 100th time) that Industrial Heat is worth 2 billion.. Is that in any way a less worthy backed-up prediction?
johnwig
28/10/2019
12:00
Iknow. I think I shall airily declare (for the 100th time) that Industrial Heat is worth 2 billion.. Is that in any way a less worthy backed-up prediction?
johnwig
28/10/2019
11:53
Could he not "slot" himself? (whatever that means).
johnwig
28/10/2019
11:48
The ignorant, repetitive, pompous, repetitive old git has spoken. (Specto/jonwig) Therefore it must be true.
johnwig
28/10/2019
09:01
@Jonwig - what I do find strange is that Woody didn't/couldn't slot Benevolent when Temasek bought in. Could he just not stomach the 50% valuation drop? Because Link were always going to reflect it in both WEIF & WPCT valuations. Or were Temasek simply not interested in buying any of his position out? ie not worth them having "cheap" shares in a cash-short co, when they could subscribe for the shares and stop them being so cash-short. Bear in mind it's mainly the failure to realise any value at all from the unicorns/unlisteds that led to Woody's defenestration. Waiting to be proved wrong, but makes me think the Benevolents, IH's, Atom Banks etc have precious little value, at cost to WEIF holders and great cost to WPCT holders, who aren't even going to receive what value there might be.
spectoacc
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
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