Woodford Patient Capital

Moe_The_Bartender

WPCT tanking again this morning, down another 3.5%. Who would want to buy shares which are impossible to value - except IH and Benevolent which are worthless?

ffacoffipawb

Moe_The_Bartender wrote: »

WPCT tanking again this morning, down another 3.5%. Who would want to buy shares which are impossible to value - except IH and Benevolent which are worthless?

Everything is tanking today. Blame Trump not Woodford.

iglad

If the markets continue as they are there won't be much for people to withdraw once the Woodford Income Fund reopens if ever.

Regarding the WPCT the losses so far on 1yr are 44% and 3 yr 49% (source: Morningstar data) with a huge 42.78% discount on the share price now that's a big ouch! I wonder who will bite looking at that discount?

I have no monies with him but I do feel a tad sorry for those who have in either funds of his.

Reaper

Wow, it's half the price is was 6 months ago. I feel at some point I ought to bite but I'm just not brave enough.

iglad

ffacoffipawb wrote: »

Everything is tanking today. Blame Trump not Woodford.

trump is most certainly bad for business, he's a financial anti-christ and his tweets have wiped billions off company valuations, which affects peoples investments, savings and pensions.

iglad

Reaper wrote: »

Wow, it's half the price is was 6 months ago. I feel at some point I ought to bite but I'm just not brave enough.

I doubt if anyone would own up to taking a dip into that alligator pool.

talexuser

iglad wrote: »

If the markets continue as they are there won't be much for people to withdraw once the Woodford Income Fund reopens if ever.

We have a fall of a handful of % - market noise. Wait until the next crash and all the markets go down 40 or 50%.

WillGates

iglad wrote: »

trump is most certainly bad for business, he's a financial anti-christ and his tweets have wiped billions off company valuations, which affects peoples investments, savings and pensions.

I'm not sure where you get your information from but the SP500 is up more than 34% since Trump became the US president.

AnotherJoe

iglad wrote: »

I doubt if anyone would own up to taking a dip into that alligator pool.

Here's someone who not only tried to catch the knife but snatched at it again after it badly cut them the first time.
Ouch !

And two more. (Read the tagline). ....... https://citywire.co.uk/investment-trust-insider/news/stifel-ups-patient-capital-to-buy-as-investors-capitulate/a1179999?section=investment-trust-insider

The question now is, if the true NAV is around 30p which is what I've got on my fag packet, how much below that will it dip given the difficulty is selling at true value. At the moment I believe it's still at 30% premium. Or OTOH will Greater Fo,ols like those above weigh in and keep it higher ?

Malthusian

Could everyone please stop conflating the question of "is it potentially worthwhile to invest in cold fusion" with "is it potentially worthwhile to invest in Andrea Rossi's Industrial Heat".

As I saw elsewhere when a similar question was asked;
"have you ever invested in a cold fusion startup? If the answer is "no", then congratulations, you are a better investor than NW."

That was me and that wasn't what I said.

Malthusian_(emphasis_added) wrote: »

Everyone who has not invested their own or other people's money directly into Industrial Heat raise your hands.

Congratulations, you all know more than Neil Woodford.

I'm not in a position to say whether cold fusion is physically impossible or not, so from an investment perspective, an investment into a company researching cold fusion not linked to Andrea Rossi's technology could be a worthwhile investment.

As in a highly speculative investment which will probably lose all your money, which could nonetheless be suitable for an ultra-high-net-worth angel who genuinely has money they can afford to lose and wants to use that spare money to help fund speculative investment that could benefit humanity. Alongside 10-20 or more such speculative investments to give them a realistic chance of a return.

An investment into Industrial Heat, by contrast, is dumb and anyone who made one is dumb. It is a sufficiently dumb thing to do that it calls your entire mindset into question, especially when you are trying to claim that you have an inherent ability to predict which shares are undervalued by the market and that you aren't simply the lucky rat.

I made that bold statement in the context of whether Woodford is a genius star manager who will, being a genius, eventually be proven right, or a lucky rat whose luck ran out.

Investing in Industrial Heat means that as far as the "star manager v lucky rat" debate goes it's game over. It's landing on the Bankrupt segment, it's potting the 8-ball out of turn, it's knocking over the black mushroom with the bar down. Anyone who invests in Industrial Heat either has no judgment in how to pick stocks or has lost it. "I am a genius because I pick brilliant shares" has become "I am a genius therefore any share I pick is brilliant".

Rossi was already objectively known to be a fraud back in 2012 by anyone who had access to Wikipedia. It was not a failure with the benefit of hindsight, it was a failure with the benefit of plain old sight.