Woodford Investments

brasso

IanManc wrote: »

No it isn't "hitting the panic button".

it is a calm and considered decision by the analysts at two investment houses.

You are characterising it as "panic" because you disagree with it, and want to marginalise it.

:beer:

It's just a manner of speaking.

I finally sold up my Woodford Patient Capital holding last month. I’d invested a lot in the fund during its first year, but 3 years later, I got fed up with it going nowhere. I’m not patient enough, I guess! I also sold my Woodford Income a year or so ago after it seemed to go off the boil. No regrets so far.

fun4everyone

He was hit big again yesterday by the Capita plunge. That comes after buying more in December 2017 as well.

http://citywire.co.uk/money/capita-crash-deals-more-woe-to-woodford-and-barnett/a1088087.

Will be interesting to see how big the redemptions are after this, several fund houses such as Jupiter and Aviva have already withdrawn their holdings.

ColdIron

It's not just his new funds, Mark Barnett is having a similar problem with his old IPHI/IPI funds. It never rains but it pours

talexuser

I sold IPHI some years ago, and am dithering over selling EDINL now. The dividends are still good but capital growth has fallen behind similar funds like CTY and worse than something like TIGT which "should" be more cautious.

fun4everyone

I feel the main problem NW has is the sheer size of WEI. It's just impossible to navigate it easily. Income focus is probably the best pick from his fund house but that also has been hit quite hard recently.

ArchBair

He just bought more shares in Capita In December so I wander if he will up his holding and buy even more shares after such a massive fall in the share price?

Presumably, if he had total faith in Capita and thought they were a bargain 6 weeks ago then surely he should buy more shares now to increase his holding even further?

fun4everyone

AA's share price showing major falls today, NW is a big holder in his funds having recently increased his holding. Starting to feel a little sorry for him as his reputation suffers blow after blow. Outflows from retail investors in WEI must be accelerating at a rate of knots.

Glen_Clark

fun4everyone wrote: »

Starting to feel a little sorry for him

Why do you feel sorry for a Charlatan?
He still gets paid by those whose money he is losing, and already has far more than them.

fun4everyone

Glen_Clark wrote: »

Why do you feel sorry for a Charlatan?
He still gets paid by those whose money he is losing, and already has far more than them.

Yes that is all true (hence the "little"). Still he did outperform for investors for decades and I'm sure he isn't ruining his reputation day by day deliberately! There must be a large element of bad luck in this downturn as well as poor management of the funds.

I notice the monthly fund updates appear to have stopped on his website as well, probably because the comments on them were just filled with tough questions and truths every time they appeared

OldMusicGuy

I've held the Income Focus since it was launched. It's not done too bad (dividends have been ok) but I just sold it off because I don't like the direction of some of the holdings (which don't fit with the ethos of the fund IMO or the reasons I bought it). It also doesn't really fit with my long term investment goals, which I've just reappraised as I approach retirement.

The blogs on the site have gone very quiet. I think he is just keeping his head down and hoping he is proved right in the medium/long term. I'm reminded of the scenes in the "Big Short"........