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Post by gravitykillz on Jul 3, 2019 21:12:03 GMT
maybe we should add it to Metro Bank,Thomas Cook,Sainsburys & Vodaphone and start the p2p indie fund  I would totally invest in that fund.
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macq
Member of DD Central
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Post by macq on Jul 3, 2019 22:12:32 GMT
maybe we should add it to Metro Bank,Thomas Cook,Sainsburys & Vodaphone and start the p2p indie fund I would totally invest in that fund. you're very brave or expecting a dead cat bounce on a couple of them 
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Post by gravitykillz on Jul 4, 2019 21:44:05 GMT
I would totally invest in that fund. you're very brave or expecting a dead cat bounce on a couple of them Still a better investment than the woodford fund.
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jimbo
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Post by jimbo on Aug 8, 2019 10:02:56 GMT
Guys I'm late in the day posting this, but I want to include this link to the following site, re. Woodford: www.shareprophets.com/views/43722/free-podcast-shareprophets-radio-edition-1-with-tom-winnifrithThey have been all over Woodford's funds and their potential future (now present) liquidity issues since 2015. On a personal level, I am apalled by the lack of recognition Shareprophets contribution to Woodford-related reporting has received - particularly by the Daily Mail's Finance section (former Woodford cheerleaders and now seemingly keen to put the boot in and attempt to rewrite history). I have personally had a comment on this matter censored by the Mail, and there is anecdotal commentary that others have received the same treatment. I would caution anybody here against buying shares in Patient Capital Trust. There is a ream of unlisted and illiquid sh*te held by this trust, and Woodford is undoubtedly going to have difficulty offloading it in any fire sale. You therefore CANNOT trust the NAV! Take care, and I wish anybody currently trapped in the Equity Income Fund the best of luck! James |
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Post by easterbunni on Aug 24, 2019 19:05:08 GMT
I would caution anybody here against buying shares in Patient Capital Trust. There is a ream of unlisted and illiquid sh*te held by this trust, and Woodford is undoubtedly going to have difficulty offloading it in any fire sale. You therefore CANNOT trust the NAV! I thought PCT was an investment trust, so it doesn't need to sell assets if people want out - you just need to find someone else to buy the shares off you.
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jimbo
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Post by jimbo on Aug 24, 2019 23:36:55 GMT
I would caution anybody here against buying shares in Patient Capital Trust. There is a ream of unlisted and illiquid sh*te held by this trust, and Woodford is undoubtedly going to have difficulty offloading it in any fire sale. You therefore CANNOT trust the NAV! I thought PCT was an investment trust, so it doesn't need to sell assets if people want out - you just need to find someone else to buy the shares off you. I was actually putting up the above to caution people against buying in on the perceived discount to NAV that PCT trades at...
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sd2
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Post by sd2 on Sept 9, 2019 9:27:49 GMT
I thought PCT was an investment trust, so it doesn't need to sell assets if people want out - you just need to find someone else to buy the shares off you. I was actually putting up the above to caution people against buying in on the perceived discount to NAV that PCT trades at... I believe he does have to sell to reduce borrowing. The bank that lends him money for his, getting to be excessive gearing have told him to reduce debt. Gearing 119% discount to nav 42%. Present share price 44.55p low for year 38.10p. Up 7% over the last month. And the directors may sack him! Unlike his fund he is receiving no fees for the investment Trust. I have never followed the investment Trust or the fund. I am though, a little confused as to why he had illiquid non dividend paying investments in a equity INCOME fund, surely that's not logical?
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cb25
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Post by cb25 on Oct 15, 2019 9:00:28 GMT
BBC reporting "Neil Woodford's flagship fund to be shut down"
Article in The Telegraph (may need to be a subscriber) "Woodford crisis: what the winding up of the Equity Income fund means for investors"
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jimbo
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Post by jimbo on Oct 24, 2019 13:27:09 GMT
Posting the following (free) Shareprophets podcast episode as a follow on to Monday night's Panorama episode, re. Woodford Funds: www.stitcher.com/s?eid=64793259&refid=asaWill probably be of interest to a number of you here; particularly given how weak I personally found the program to be. |
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Post by Deleted on Oct 24, 2019 14:46:43 GMT
Good podcast. Nice find.
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jimbo
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Post by jimbo on Oct 24, 2019 19:58:57 GMT
No problem. Been a Shareprophets subscriber for years. Happy to share whatever is outside their paywall.
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travolta
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Post by travolta on Dec 29, 2019 22:11:47 GMT
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jan 28, 2020 16:18:20 GMT
Yikes!! Link have revealed the prices of the initial capital distribution. As expected it doesn't make for great reading:
A Sterling Acc-57.9127p
A Sterling Inc-47.5873p
C Sterling Acc-58.6631p
C Sterling Inc-48.2426p
F Sterling Acc-46.3633p
X Sterling Acc-56.4549p
X Sterling Inc-46.4091p
Z Sterling Acc-58.9936p
Z Sterling Inc-48.4932p
This lot represents around 75% of the fund, with the remainder to be sold whenever it can. Not holding out much hope for very much more.
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travolta
Member of DD Central
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Post by travolta on Feb 12, 2020 22:26:35 GMT
Income Focus back in business. Punt? Anyone ?
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Post by wildlife2 on Feb 13, 2020 2:24:22 GMT
I'm keeping mine. I see it is now managed by Aberdeen Standard Investments.
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