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 11576 to 11598 of 11725 messages
Chat Pages: 469  468  467  466  465  464  463  462  461  460  459  458  Older
DateSubjectAuthorDiscuss
16/11/2019
16:22
Neil Woodford went from “the man who can’t stop making money” to unleashing Europe’s biggest fund management scandal for a decade. Just over five years after overseeing Britain’s most successful investment company launch, his business is in tatters and will close its doors in the coming weeks. https://www.ft.com/content/89cd4808-eea4-48f5-9b30-49c7b631620a Stockopedia's analysis of the mix in WEIF between 2014 and 2016, as it went from 'widows-and-orphans' to 'OMG' in just two years.
jonwig
15/11/2019
13:31
Trapped investors in the £3 billion Woodford Equity Income fund are forecast to lose a third of their remaining investment, according to modelling of the wind-up process commissioned by Link. The modelling outlines a base case forecast of 32.5% losses as the fund is liquidated. Under the worst-case scenario, the fund's value would fall by 42.6%. In a presentation for Link prepared by Woodford in October in a bid to retain the mandate, it estimated worst-case losses of only 9.3%. This estimate did not however account for the likely impact of the large scale withdrawals expected. Woodford Investment Management was anticipating the fund would shrink to around £750 million had it reopened. The Woodford presentation also illustrated the portfolio BlackRock and PJT Park Hill inherited from Woodford. Around 23% of the portfolio was held in the hardest-to-trade stocks, estimated as taking between 181 and 365 days or more to offload, down from 32% at the time of suspension. Link's forecast assumes BlackRock is only able to sell a small number of the fund's largest FTSE 100 stocks at the market price. Across the vast bulk of the rest of the portfolio, BlackRock and Park Hill will be forced to accept a discounted price as they offload the fund's stocks, according to the modelling. This would apply even to the fund's large holdings in house builders, which account for 17.8% of the fund. The fund's wind-up is set to add to the mounting losses already suffered by investors trapped in the fund. Since the fund's launch in June 2014 to the announcement of its wind-up last month, investors have lost 18%, while the FTSE All-Share has risen 33%. In the last two years the fund is down 37%.
daffyjones
15/11/2019
12:30
Ltcm1, far from it. ”Work-out̶1; is where such things go. The effect on the balance sheet is managed according to the expected write-downs as and when they become clear. At this stage, I would be very surprised if there were any impairment taken.
chucko1
15/11/2019
11:21
Specto - all I am thinking is banks have their own rules and there are times they have to dump loans come what may. What they get back may be of secondary importance to clearing a toxic stain from their balance sheet. Just my guess but I can see the end coming quickly for holders here, hard to see this one alive this time next year.
ltcm1
15/11/2019
11:15
It is incredible isn't it. Never in a million years did I see all this coming. Amigo were at 60p yesterday I saw.
ltcm1
15/11/2019
10:45
Non standard finance down 17% today. Eddie Stobart group seem to have accepted a low ball rescue offer at less than 50% of the last quoted price. At one point I had about 50k across WEIF and WPCT, which is a significant amount for me, didn’t dodge a bullet, dodged a howitzer.
dr biotech
15/11/2019
10:15
@ltcm1 - I don't think a firesale is in their interests. They already have say over what's sold, what's bought, and what any money is used for. My guess is a temporary roll in Jan but repayment when eg the rest of AUTO gets dumped.
spectoacc
15/11/2019
10:09
The gearing must be off the scale here now! Are there any mechanisms by which Northern Trust can seize control of the assets??? Or can they sell the debt to someone who could do the dirty work? In other words what is the overdraft secured against???
ltcm1
15/11/2019
09:09
Which one ? The one about buying this decrepit bag of spanners at 62p or the one about the e-by-gym Fishlake residents?
my retirement fund
14/11/2019
20:10
I thought your post was very funny, Pete. Obviously spectoacc and Psychowinnie have very thin skins.
brummieloser
14/11/2019
19:46
Lol @Psychochomper, brilliant. And still supporting Woodford no doubt (not unfiltering muppets). A fool and his money. Particularly enjoyed: "In the longer term I shall make a lot of money on WPCT. You silly pompous little trolls, (like you spectoacc!) currently creaming your pants, won't."
spectoacc
14/11/2019
19:43
Petethepict, it’s not easy determining what scores more on the stupidometer: the post attached below or the fact that you still show up after having written same. petethepict - 04 Jun 2019 - 08:50:05 - 6733 of 11151 ::: WOODFORD PATIENT CAPITAL TRUST ::: - WPCT I bought a nice little wodge at just under 63p this morning on the basis that the shorters would probably close having feasted a bit. I don't know whether they have or not, but I am content anyway. What you amateur trolls call "averaging down", I call "buying on weakness". In the longer term I shall make a lot of money on WPCT. You silly pompous little trolls, (like you spectoacc!) currently creaming your pants, won't. I think that's very funny. LOL P.S. There'll be storms on the way, no doubt about that, and you can indulge in your short-term gloats then, naturally. PPS Nobody here apart from said flappers cares about the open-ended funds. I genuinely, though, feel sorry for the little-old-men-in-dens (like jonwig, topvest) who don't really deserve this treatment. .... Anyway, for us “amateur trolls”, could you explain what is the route you are following now to make the “lot of money on WPCT” that you previously thought you would. Clearly my own short position from 67p was a combination of ignorance and luck. So lucky, in fact, that I traded my den for a pen.
psychochomper
14/11/2019
17:26
Typical Yorkshire fucwits (just like jonwig and Spectocack) moving to a place called Fishlake and then being surprised by flooding!! What were they expecting? And they expect handouts from the intelligent people in the rest of the UK to help them. Ee lad, don't be so daft...
petethepict
14/11/2019
14:46
And still - even at 56p - a Not Asset Value. Was 89p on WEIF's gating.
spectoacc
14/11/2019
14:43
Deeper and down Down down deeper and down Down down deeper and down Down down deeper and down Get down ... https://www.youtube.com/watch?v=d1gYJDQXPOk
jonwig
14/11/2019
00:42
Not looking like there will be much left for schroders to salvage. Jeez an even bigger mess than brexit.
porsche1945
13/11/2019
23:34
Wow...firmly in the 20s now. What a disaster for investors.
hsfinch
13/11/2019
18:28
WPCT likely to have a 30% DROP as a MINIMUM like his other fund. Yes OVER 30% DROP SO WILL BE WELL UNDER 20p. Wot a disaster and disgrace....TOO RISKY FOR ANYONE....
rocketblast
13/11/2019
15:30
A good read, for those of us who genuinely follow Woody: Https://citywire.co.uk/investment-trust-insider/news/revealed-woodford-investors-forecast-to-lose-33-in-wind-up/a1293136?ref=investment-trust-insider-latest-news-list I'd agree some are going to zero, and some at massive discounts, but it's mostly the smaller stuff, post-IH, so a further c.33% seems too high to me. I'd guess nearer another 15-20% to come off the already-much-reduced holdings.
spectoacc
13/11/2019
11:03
The administrator tasked with deciding the fate of Neil Woodford’s last open-ended fund has drawn up a shortlist of potential managers to take it over. Link Fund Solutions, which Mr Woodford enlisted as an authorised corporate director to his business, suspended dealing in the £249m Income Focus fund four weeks ago, in response to the decision by the former star stockpicker to close his business. In a letter to the fund’s investors on Wednesday, Link said it had held initial meetings with a shortlist of managers to establish whether they would be able to take it on or merge it with another of their products. Link said finding a new manager for the fund was the best option for its investors, but it added it could still wind it up. “This will result in the fund’s assets being sold in a way that seeks to best protect value and the proceeds of those sales will then be distributed to investors,” Link said. “In the event that we determine that the fund is to be wound up we will write to you setting out your options.” In the four weeks since the fund was suspended it has lost 0.3 per cent, while its benchmark, the FTSE All Share, returned 2.1 per cent. Income Focus has shrunk by half since Mr Woodford’s flagship fund, Equity Income, was suspended by Link in June. Most of the decline was a result of Hargreaves Lansdown, the fund supermarket that promoted Mr Woodford’s funds until the first suspension, withdrawing a large mandate. https://www.ft.com/content/a025e93a-0601-11ea-a984-fbbacad9e7dd
jonwig
13/11/2019
10:35
No-one interested in ESL today? Another Woodford WEIF holding. Bid for 51% of the company in exchange for £55m injection of cash through PIK loan notes. Interest on PIK not stated but imho PIK usually means totally outrageous interest designed to pillage all value in company at expense of existing shareholders (see IRV for example)
cc2014
13/11/2019
10:02
sell this crock of sh1te while it still starts with a 3
1oughton
13/11/2019
09:47
I think nearly all of it was in the IFF Specto. Can't remember where I read it but it was a reporting source like City A.M. This was around September.
ltcm1
Chat Pages: 469  468  467  466  465  464  463  462  461  460  459  458  Older
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