We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

WPCT Woodford Patient Capital Trust Plc

0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
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 0.00% 33.60 33.55 33.90 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Woodford Patient Capital Share Discussion Threads

Showing 11501 to 11518 of 11725 messages
Chat Pages: 469  468  467  466  465  464  463  462  461  460  459  458  Older
Hour and 20 mins long! Anything in it we've not all already said?

Edit - not too impressed so far, but will keep listening. Is trying to tell me what a great investor Neil used to be, rather than pointing out he generally underperformed but for two massive and successful calls - no tech in 99/00, and no banks in 08.

...And investors aren't "stuck" in the Patient Capital Fund -they can sell anytime they like.

Very useful video from Stockopedia:
BP cashflow is great, but renewables - are you sure? Would be like buying the tobaccos for next gen - growing, but miniscule part of the business.

You'd pick the oils over Woody's sub-prime lenders mind.

@ Spec - I know it's off-topic, but I'm seriously considering buying BP, for its investment in renewables. As usual, the protesters and the Labour Party are behind the curve.

Not yet, as I want more clarity on what our next government will look like.

Mark Barnett seen two funds of his downgraded by morningstar - more Woodford fall out

'Concerns about the funds high exposure to smaller and illiquid companies have sparked the change as well an increasing number of stock selection issues which have caused analysts to have a lower level of conviction in the fund.'

BlackRock still dribbling out PFG, done well to offload IMO.
As with so many things Woodford, the buzz around Oxford Nano was that their only competitor was valued at $60BN, so on that basis it made the £1.5BN look trivial.

How many of these cleverly weaved stories did we hear over the years from Woodford's empire??? World domination only seemed a tantalisingly short distance away, be it plastic pallets or washing machines, a cat allergy cure, capturing the Salmon fertilisation market, the estate agency market, the male pill, a new jet engine, cold fusion, an algorithm that would save billions on clinical trials, the list went on...

He was like Paul Nicholls turning up mob handed for the Tingle Creek!!!

My original question was:
"Anyone know if there are any other significant revaluations still to be made by Link, and if so which ones?"

The only direct responses have been:
"But in terms of your question - ie other significant revaluations - they'll likely occur on WEIF's impending sale of the unlisteds/unicorns. Some suggestion that might be only another c.20% or so off." (SpectoAcc)


"The largest position is Oxford Nanopore - worth 8p on NAV. The most recent fund raise valued the business at £1.5bn. Yet it has sales of a mere £33m and most recently generated an EBIT loss of £63m. It has enough cash to last around about 12 months." (JakNife)

Thank you for these comments.
Anyone else care to add to this?

Had an interesting "debate" with someone over on CityWire re "What if one of these co's WEIF is being forced to sell turns out to be worth billions". They've already been putting several of them in the NAV at billions :))

To be fair, Oxford Nano don't seem too bad a business, albeit another "Oxford industrial estate" one. But not at a made up 10 figs.

Neigh, neigh, Dobbin.
@timnet - largely agree with @ltcm1 but there are a few listed holdings (Autolus for eg), and some that have a reasonable amount of value supported by other investors (eg Atom Bank). But most of the junk (listed it in a post somewhere above) is either valued by later funding rounds from other WIM entities, or finger-in-air nonsense from Link.

The issue for WPCT isn't so much the Not Asset Value, as the debt. If that OD doesn't get rolled over - and even if it does, as it won't be rolled permanently - where will WPCT raise the money to pay it off? They've already sold much that has a realisable value (eg OSI, half AUTO).

Also worth remembering Woody's investment record - beyond bad in WEIF, no reason to suspect there's winners in WPCT.

But in terms of your question - ie other significant revaluations - they'll likely occur on WEIF's impending sale of the unlisteds/unicorns. Some suggestion that might be only another c.20% or so off.

But don't think that makes WPCT good value - sticking to my final value of 0-20p.

Amazing that Woody still has supporters on here, after all that's been predicted - and has happened.

timnet the NAV is a pointless, meaningless number because it only ever represents hope value here. None of these companies pay dividends or even have any assets beyond their labs and company formation, which admittedly do have some value on the open market.

The only basis for buying into this fund is you have done your numbers on future returns - but clearly that is all but impossible here.

I think you have to believe in the science to invest, there isn't any traditional way of valuing what they are doing, much like with the dot-com companies.

The trouble with old speccy is that he never says anything that has not been said before, and better, by previous posters!

BTW I wonder what name he was parading under before May this year when this moniker first appeared here. He was boasting that he was posting here long long before that with such accurate prescience. He was lying then or he's lying now.

Spectoacc seems to be unaware that nobody takes him seriously despite his many thousands of "posts". Perhaps he believes that the deafening silence is a sign of approbation.
the air marshall
Can't deny I like RUTH - not on valuation, but because if Woodford fools are going to lose their cash on anything, I'd much rather it was in building cancer treatment centres than eg pallets with microchips, or sub-prime lenders, or IH.

Slightly amazed by this line tho:

"Our largest shareholder continued to support the business with further equity injections of £35m in H1 with a further £12.5m received in early September."

And absolutely no mention of it no longer being the largest shareholder - the WEIF holding now being with Link. Nor any mention of future funding commitments. Nor of WIM getting wound down and closed within next 3 months or so.


Increased turnover, increased losses, net current liabilities of £9m but a new debt facility.

@chucko1 = glad I'm not the only one with a dim view of Schroders! Tho as said before, I'd probably do the same if I were them - a guaranteed £3-5m pa, all the blame to be heaped on Woody for all that goes wrong.

Could that OD still stymie WPCT? Probably. Intrigued to know who's doing the renegotiating, Neil or the WPCT Board. Who is the more inept?

It’s not only the eccentricity of Woody, but I fear for Schroders’ well-being also. Maybe my own, too, as I’ve barely stopped laughing since they decided to get involved (to whatever degree, in fact), and the share price of WPCT jumped 33%.

As one keeps saying, what is bought is bought. Everything spent and more. What has been written up 357% is now written back down by a greater amount. How many more are lined up perched over the edge of a valuation cliff?

I really ought to have stopped laughing, but then that analyst at Stifel springs to mind and I’m off again.

Chat Pages: 469  468  467  466  465  464  463  462  461  460  459  458  Older

Your Recent History

Delayed Upgrade Clock