Woodford Concerns

Thrugelmir

cogito wrote: »

If you can make a case for investing in such a business, I'd be glad to hear it.

As private investors we don't have access to the company's management. (Other than the AGM). Roll out of retail units continues. Whether the strategy will bear fruit one must question. Due to the declining footfall on many High Streets.

Thrugelmir

Brian65 wrote: »

This is not a recommendation because I haven't researched them. I stick to trackers because I can't be bothered anymore, and prefer to sleep easy
But from what you say it sounds like a business that could pick up if Brexit was cancelled and people felt confident to spend money again.

If China were to impose a ban on the sale Apple products. In an escalation of the US\China trade war. That would hit 30% of Apple's revenue. Passive investing is far from risk free.

fun4everyone

Oh dear. Another profit warning for a big Woodford holding today, and the shares have crashed 40%+. The fallout from this is not going to be pretty for Neil.

https://citywire.co.uk/funds-insider/news/kiers-crash-on-profit-warning-piles-more-pressure-on-neil-woodford/a1234876

ColdIron

Woodford Equity Income suspends dealing after spike in withdrawals

More to follow ...

https://citywire.co.uk/new-model-adviser/news/woodford-equity-income-suspends-dealing-after-spike-in-withdrawals/a1235061

Malthusian

Aaaaaand it's gone.

fun4everyone

Live scenes at Hargreaves Lansdown

pearl123

https://www.thisismoney.co.uk/money/investing/article-7099841/Neil-Woodfords-flagship-fund-suspends-trading-protect-investors.html

itwasntme001

Glad i got out when i did. Woodford is finished

Jonah01

Got out last week luckily. So happy I did as was frightened this might happen.

cogito

fun4everyone wrote: »

Live scenes at Hargreaves Lansdown

Share price down 1.68% today. The reputational damage will not be small.