Woodford Concerns

AnotherJoe

You cant even see what's in it now, it might consist of junk from his other investments he's had to sell.

bowlhead99

iglad wrote: »

I was bit shocked to see that the Woodford Investment Trust was the 5th most popular Investment trust which people put their money into in August. I know it's cheap and looks like a bargain but come on now people.

Today the broader FTSE All Share is flat (plus or minus 0.1%), while WPCT is up 1.97%.

If you are one of those people who had bought a UK index tracker at a higher level and is annoyed by seeing the loss in red on your screen, you could sell out and open a position in WPCT; as clearly of the two it's going up faster now. Over 2% since Monday 8am, while FTSE AllShare is up less than 1% in that time.

Although that does perhaps indicate the inadequacy of using a short cherry-picked timescale to make a point, we know that decision making for some retail investors is driven by simplistic considerations, as we've seen on other threads.

I note that WPCT has announced some negotiation of new arrangements in relation to its borrowing facility today: some greater flexibility around its borrowing base and a small tick up to Libor+1.50 from Libor+1.35%

iglad

bowlhead99 wrote: »

Today the broader FTSE All Share is flat (plus or minus 0.1%), while WPCT is up 1.97%.

If you are one of those people who had bought a UK index tracker at a higher level and is annoyed by seeing the loss in red on your screen, you could sell out and open a position in WPCT; as clearly of the two it's going up faster now. Over 2% since Monday 8am, while FTSE AllShare is up less than 1% in that time.

Although that does perhaps indicate the inadequacy of using a short cherry-picked timescale to make a point, we know that decision making for some retail investors is driven by simplistic considerations, as we've seen on other threads.

I note that WPCT has announced some negotiation of new arrangements in relation to its borrowing facility today: some greater flexibility around its borrowing base and a small tick up to Libor+1.50 from Libor+1.35%

"Past performance is no guarantee of future results." ;-)

WPCT up 0.60p (1.41%) today

1Yr - 46.21

3yr -54.56

discount 41.75%

Thrugelmir

iglad wrote: »

discount 41.75%

What metric do you use to determine whether the fund you are currently buying offers value. Or do you follow the herd?

iglad

Thrugelmir wrote: »

What metric do you use to determine whether the fund you are currently buying offers value. Or do you follow the herd?

Oh dear my little joke about past performance has been taken too seriously? oops!!

kinger101

Look on the bright side.

If you money was invested in Woodford, it couldn't have been invested here

https://www.trustnet.com/factsheets/o/bef2/vt-garraway-absolute-equity-i-acc-gbp

masonic

kinger101 wrote: »

Look on the bright side.

If you money was invested in Woodford, it couldn't have been invested here

https://www.trustnet.com/factsheets/o/bef2/vt-garraway-absolute-equity-i-acc-gbp

Swings and roundabouts:

Thrugelmir

iglad wrote: »

Oh dear my little joke about past performance has been taken too seriously? oops!!

Who buys on historic data alone? Other than to provide reassurance for ones own decision. Buffett has underperformed for the past 10 years. No one slates him. Having a "good idea" is fine until everyone else copies it. Then envitably underperformance will follow.

iglad

masonic wrote: »

Swings and roundabouts:

This is a right old battle royal.

iglad

Thrugelmir wrote: »

Who buys on historic data alone? Other than to provide reassurance for ones own decision. Buffett has underperformed for the past 10 years. No one slates him. Having a "good idea" is fine until everyone else copies it. Then envitably underperformance will follow.

Oh dear.............