Woodford Concerns

AnotherJoe

Brian65 wrote: »

A broker might only need one share to balance their buy/sell trades

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)

gadgetmind

Brian65 wrote: »

I think the best that can be said for it is that they weed out the outright scams - storage pods, car park spaces, hotel rooms, fine wines etc

... cold fusion ...

New_World_Man

Media is widely reporting that Woodford investors are in line to lose one fifth. That sounds less dramatic than I expected (based on the tales of woe reported at the outset). However, looking behind the headline, I think that just means that the fund value has dropped 20% since it was gated. Presumably those holding the fund would have bought in much sooner at a much higher cost. 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?

Brian65

gadgetmind wrote: »

... cold fusion ...

fair point, yes

dividendhero

gadgetmind wrote: »

... cold fusion ...

For a few pints Woodford could have engaged a physics post grad student to explain to him in "Peter and Jane" talk what a load of Horlicks cold fusion is...wouldn't have saved his fund, but his investors would get a few % more back from the wreckage

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?