Woodford Concerns

talexuser

I was in the same situation as Moe. Perpetual High Income did me extremely well over 20 years, split the money in half when Woodford left. I did dump Barnett quite a while before jumping Woodford because he was going nowhere. Surely it became obvious by early 2018 Woodford would be extremely unlikely to climb to first quarter of 5 year figures, and sell notices were already in news.

It is a question of opinion how long you let a fund underperform, if it is a sector thing you may well stick it out slightly longer to remain diversified, I generally give it 2 years or so and although have been active for many years, and only passive now because running out of worthwhile top active funds, am by no mean a fund churner, I'm a buy and hold. But Woodford's woes were not a sector problem, and Evenlode looked a better bet.

cogito

More write downs.

The Board of Woodford Patient Capital Trust plc (the "Company") has been notified by Link Fund Solutions Limited ("Link"), that it intends to reduce the valuations of three of the Company's holdings. These valuation adjustments reflect the challenging fundraising environment for these businesses which may impact their ability to or the level at which they may be able to raise capital in the near-term.


Following the valuation adjustments, the Company's net asset value ("NAV") will reduce by approximately 3.1 pence per share and will be reflected in the Company's net asset value as at close of business 25 September 2019 (which will be announced to the market on 26 September 2019).

Sphere Medical is probably one of them as it went into administration earlier this week.

AnotherJoe

Yep:
Embattled fund manager Neil Woodford has been hit by the collapse of Sphere Medical, his first-ever investment in the Woodford Patient Capital (WPCT) investment trust, less than three months after he provided fresh funding to the business.

The troubled diagnostics firm appointed KPMG as administrators on Tuesday after running out of funding.

Woodford has ploughed an estimated £17 million into the business since first investing in 2015 at the launch of his Patient Capital investment trust.

talexuser

In the Borisgraph today, the new UK government is to invest £220 million of taxpayers money into nuclear fusion. Maybe Woodford is a consultant?

AnotherJoe

talexuser wrote: »

In the Borisgraph today, the new UK government is to invest £220 million of taxpayers money into nuclear fusion. Maybe Woodford is a consultant?

LOL but I doubt it, that investment has a chance of paying back.

Uxb1

talexuser wrote: »

In the Borisgraph today, the new UK government is to invest £220 million of taxpayers money into nuclear fusion. Maybe Woodford is a consultant?

For comparison the world in general, basically the G7 industrialised nations, has invested around £20Bn in the ITER fusion project in France (that the currently projected final sum) due for operation somewhere around 2025

jamei305

Comparing fusion with cold fusion is like comparing space travel with time travel.

AnotherJoe

What "business"? Its a technological possibility but there's no business there.

dividendhero

talexuser wrote: »

In the Borisgraph today, the new UK government is to invest £220 million of taxpayers money into nuclear fusion.

Lions share of the money will be spent on management consultants , the likes of KPMG & McKinsey. We all know the end tangible results for fusion will be zilch

LHW99

We all know the end tangible results for fusion will be zilch

Fusion ('hot' fusion that is) has already produced verified results, but is not at a stage yet where energy out is commercially greater than energy in. There is no reason for that not to happen in a reasonable timescale.
Cold fusion is at best unlikely to be a commercial possibility this side of the next century or two - if ever. Its problem is that to create a mini-sun, you have to get over the problem that atoms are generally not happy to mix their protons / neutrons and give off energy. Keeping things cold reduces the speed at which atoms move around, requiring some other (pretty powerful) way of getting that mixing of nuclear components, and (for commercialisation) doing so by putting in less energy than you get out. May not be impossible in the future, but not possible IMO in the forseeable.