Woodford Patient Capital Trust Live Discussion

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Ripley94 29 Jul 2019

Got a few. Thankyou . I think we swooped posts on LBOW ( my avatar not show on that which threw me lol ) Stantander and a miner on ASX the others you went for if i have looked at the correct tickers .

devonplay 29 Jul 2019

Got a few. BUR I would consider, WPCT not. Good luck with it.

Ripley94 29 Jul 2019

Got a few. This today as stated above. And BUR , earlier .

devonplay 29 Jul 2019

Got a few. To be honets Ripley this site has become a bit of a joke, so I post on others now. The last stocks I bought (in the last 6 weeks): RGL - rights LBOW- I’ve been picking them below 100 on a monthly basis BNC - on the Mexico deal. I have 53 holdings at the moment, so I’m just adding mainly to existing positions from monthly income. I’m also on LSE, Lemon Fool & P2P Independent Forum and a couple of small specialist sites for start-ups. Any new capital goes into my start-up portfolio. I most recently bought: [link] via Seedrs [link] via Seedrs [link] via Crowdcube I dont think this is the moment to be doing anything “big”, so I’m happy as far a listed equity goes to keep re-investing my income stream. What about you? What did you last buy?

Ripley94 29 Jul 2019

Got a few. Thanks for rely devonplay . I notice you post more about politicos then individual shares . What was the last share you bought ?

devonplay 29 Jul 2019

Got a few. No, had a look at it. Looked over price and I prefer others when it comes to start-ups and growth companies. Walked away. Even after the price dropped I wasn’t tempted.

Ripley94 29 Jul 2019

Got a few. Hi devonplay are you in this ?

devonplay 29 Jul 2019

Got a few. UPDATE 2-Neil Woodford faces being sacked as manager of listed fund By Huw Jones and Simon Jessop Woodford Patient Capital Trust mulls switching managers Considering offers from ‘third parties’ to run fund assets Woodford sells nearly two-thirds of stake in WPCT (Recasts, adds detail from statement, bullet points, share reaction, background) LONDON, July 29 (Reuters) - Neil Woodford faces being sacked from managing the assets of his namesake listed investment fund, the latest knock to the embattled money manager after his flagship fund was suspended from trading. Storied stockpicker Woodford, once a darling of retail investors, has seen his reputation tarnished after a liquidity crisis forced him to stop clients leaving his 3.7 billion pound ($4.57 billion) Equity Income Fund in June. While the listed Woodford Patient Capital Trust carries his name, the company board has the ability to appoint another manager to run the assets and said on Monday it was considering offers from “third parties” to do just that. “Whilst the board remains confident in the portfolio manager’s commitment to WPCT… (it) intends to engage with a broader range of third-party managers in order to undertake a full assessment of all potential management options,” WPCT said. “The board will update the market in due course, as appropriate,” it added, saying the board had been working with the Woodford to reduce borrowing. The move by WPCT comes around a month after it announced a series of responses to its sliding share price, including plans to cut debt, hire new board members and improve oversight of stake sales in the suspended fund. An announcement on whether the Equity Income Fund will be suspended for another month is expected to be made later on Monday by the fund’s Authorised Corporate Director, Link Fund Solutions. Given the large number of stakes the fund holds in unlisted or illiquid companies, it is expected to remain closed as Neil Woodford looks to find buyers, with a sales process set to kick off at the end of July. As well as being subject to a regulatory probe over the circumstances surrounding the suspension of the fund, Woodford is also under fire for continuing to charge management fees to clients trapped in the suspended fund. Woodford Investment Management earlier this month announced plans to lay off some workers as the firm looks to rein in costs. WPCT said in a separate statement that Woodford had sold 1.75 million shares in WPCT between July 3-8. Trading between 53.1 pence and 58.9 pence, an average of 56 pence would have netted Woodford just under 1 million pounds, Reuters data shows. “In the circumstances, whilst a reluctant seller… Mr Woodford sold…around 60% of his holding. The sole reason that he did so was in order to meet personal financial obligations, including a tax liability,” WPCT said. WPCT said that after the suspension of the Woodford Equity Income Fund, Neil Woodford elected not to take any income or dividends from Woodford Investment Management Limited during the suspension, which remains in place. Shares in WPCT were down 1.2% at 0732 GMT, in a flat FTSE Mid-cap index.

devonplay 29 Jul 2019

Got a few. @Ripley94 Reuters are running breaking news. Woodford might be leaving Woodford. U.S. – 29 Jul 19 UPDATE 1-Neil Woodford's listed fund considers replacing him as... (Adds more detail) DL

Ripley94 29 Jul 2019

Got a few. WPCT… XXXX News this morning Neil Woodford has sold 1,750,00 . Claiming he needs the money . RNs… points at he stopped taking salary due to trouble with the funds .

Eadwig 04 Jul 2019

T/A "Head & Shoulders " Bottom - bullish signs Woodford Patient Capital Trust PLC forms bullish “Head and Shoulders Bottom” chart pattern Jul 03, 2019 Recognia has detected a “Head and Shoulders Bottom” chart pattern formed on Woodford Patient Capital Trust PLC (WPCT:LSE). This bullish signal indicates that the stock price may rise from the close of 58.00 to the range of 64.75 - 66.75. The pattern formed over 21 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached the end of a period of “accumulation” at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend. The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal. This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology. image.png639x551 10.1 KB

Eadwig 16 Jun 2019

Premium too high Eadwig: savenierres [ 17-11-15 ], "Eadwig you’re so moneysupermarket don’t you sometimes frighten yourself with your investment genius? " My yearly check in … @savenierres Still urging people to wait 5 years and being sarcastic to anyone who sold on a >15% premium and describing a strategy approach in good faith? Eadwig: Such a strategy would have given the chance to take profits and re-invest later at the IPO price (as I was pointing out when you posted the above response). You could do it now at 75% of the original price, unfortunately. A year later and you could do it at what, 58% of the IPO price? Eadwig: 3 years in, even at the estimated 10% p.a. return many spoke of, IPO holders are still looking at another 3 years just to break even if the comeback starts now. 4 years in and 10% p.a return for IPO holders is going to take … 5 years to get back to even. If the comeback starts today. That’s 9 years just to get your money back. Patient fund indeed. Eadwig: Genius? No, just a common-sense approach as I, and others, described at the time because the premium couldn’t last. Perhaps more listening and less sarcasm would serve you better in future. Sometimes you just can’t help people - there’s never any excuse for dripping sarcasm when someone is laying out their view in good faith.

Ripley94 14 Jun 2019

Got a few. WPCT… XXXXX Picked some more up @ 59p ( D )

Armageddon 10 Jun 2019

FTSE 100 Stocks with Woodford Portfoilio Look into it. No rush. Still a while away to be buying any. And an interesting study too when free time to read.

Armageddon 10 Jun 2019

FTSE 100 Stocks with Woodford Portfoilio And don’t be afraid of highyield mid caps globally. But wait

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