Woodford Concerns

Thrugelmir

New_World_Man wrote: »

If the 20% headline figure is perhaps placing a generous interpretation on the numbers is it possible that those involved with running Woodford are getting their spin in early?

Buyers market for the shares. Forced sellers have little options.

BrockStoker

AnotherJoe wrote: »

The thing is and maybe it was an anomaly but there were several single share transactions, none for 2,3,4 etc. Having said that there were also several 99 share transactions which along with 1 obviously comes to a nice round 100.
(Though why anyone would buy 100 which is just £30 gets back almost to first point, eg what's the point)

Once or twice when I've ordered shares, the broker has ended up buying two separate lots, presumably because available shares have been too thin on the ground to complete the order in one go. In my own case it's been 5 + 5 or 10 + 10, but I guess 99 + 1 might also happen from time to time for the same reason.

newatc

I just read that Link has sold a big chunk of the Woodford holdings, I presume this was just before the UK shares boost from the election result. How ironic.

jaybeetoo

“Since its appointment, BlackRock has realised £1.65 billion, representing 79% of the value of Portfolio A and 56% of the value of the Fund. The cash realised from these sales has been re-invested in FTSE 100 index instruments, money market funds, government securities and commercial paper with short maturity date.”

atush

Thrugelmir wrote: »

Buyers market for the shares. Forced sellers have little options.

Mores the point- is anyone concerned that those who forced woodford to close down are profitting from buying the unlisted assets at a huge discount?

Thrugelmir

atush wrote: »

Mores the point- is anyone concerned that those who forced woodford to close down are profitting from buying the unlisted assets at a huge discount?

Only time will tell if there's profit to be made. Valuation of unlisted company shares is a very different world to that of listed companies.

talexuser

Trustnet reports that Woodford Income Focus made the biggest one day return of 6.57% of the entire ~4000 Investment Association universe on the results of the election!

What an irony that arch Brexiteer Woodford has been waiting for the bounce all this time, but was dumped just before it happened.

Voyager2002

Patient Capital is no more: I logged on to my platform and saw a name I did not recognise (Schroder Public Private). RIP.

dividendhero

Current Private Eye magazine is interesting.

A number of fund managers have been bribing, sorry contributing to the Tories - they're pay off will be less regulation after the Woodford debacle...what could possibly go wrong :wall:

Malthusian

Voyager2002 wrote: »

Patient Capital is no more: I logged on to my platform and saw a name I did not recognise (Schroder Public Private). RIP.

Is the fund manager Private Public?

dividendhero wrote: »

Current Private Eye magazine is interesting.

A number of fund managers have been bribing, sorry contributing to the Tories - they're pay off will be less regulation after the Woodford debacle...what could possibly go wrong :wall:

As there were regulations against what Woodford was doing which the FCA simply didn't bother to enforce (namely the 10% unlisted equities restriction for open-ended funds), the answer to your question is "everything that was already going wrong before".