Woodford Concerns

talexuser

IanManc wrote: »

Why are donations to the Tories bribes, when the huge Trade Union donations the Labour Party are not? :think:

Who said they aren't the equivalent bribes? They lied. The parties are there to implement the policies their paymasters want.

dividendhero

IanManc wrote: »

Why are donations to the Tories bribes, when the huge Trade Union donations the Labour Party are not? :think:

Trade Unions would say that they're representing the interests of their membership, but yes you're entirely correct - they're both bribes...

Rollinghome

dividendhero wrote: »

they're both bribes...

Are they?

A "bribe" tends to be defined as an illegal payment and I doubt that is so in either case. I'd expect both to say that they give money in order to enable and support the party they favour.

Giving isn't isn't the same a bribing. Whether it's illegal or improper depends on the motivation and circumstances, ie what is expected in return. So you may safely give money to your golf club or school fund - provided your motives are pure. Or to your preferred political party.

dividendhero

Rollinghome wrote: »

Are they?

A "bribe" tends to be defined as an illegal payment and I doubt that is so in either case. I'd expect both to say that they give money in order to enable and support the party they favour.

Me thinks you're being a tad naive there

There's an old saying that "he who pays the piper chooses the tune". It's interesting to note that political donations from normal FTSE 100 type companies have dried up....these days many donations are being made by hedge funds, often located in dodgy tax havens. I don't believe for one moment they're doing it purely out of altruism.

There's also the small factoid that some entities, such as Lakshmi Mittal have been bribing, sorry donating to both main parties :money:

Rollinghome

dividendhero wrote: »

Me thinks you're being a tad naive there

Where? In saying that I doubt either of the two mentioned parties were acting illegally?

I think you are being incredibly simplistic. To financially support a cause, even one you perhaps disagree with, does not in itself amount to a bribe - unless there is a specific improper requirement in return. Neither is giving money without altruism necessarily improper or even unusual.

It's not for me to try to convince you but perhaps you should think about it a little longer.

As you like quotes, Humpty Dumpty said: "When I use a word, it means just what I choose it to mean - neither more nor less." Humpty Dumpty was mistaken.

dividendhero

Rollinghome wrote: »

Where? In saying that I doubt either of the two mentioned parties were acting illegally?

Wiki definition of a bribe is "A bribe is an illegal or unethical gift bestowed to influence the recipient's conduct"

A bribe can be entirely legal, but still dubious - an example is when a Government offers a pre-election bribe

It is also legal to bribe an MP - though this may have changed after 2010 Bribery Act....but I doubt it

fun4everyone

Lol, I thought there was no chance Neil Woodford could make a comeback. Who would put money into a new fund by him? Probably would not even get a licence now or whatever it is you have to get? Might as well retire with the multi million £ bank account. But apparently he thinks he can try again, with an outlook identical to the one he employed on WPCT.

https://www.bloomberg.com/amp/news/articles/2019-12-18/spurned-in-britain-woodford-heads-to-china-for-his-next-act

Neil Woodford, the famed U.K. stock picker who was ousted from eponymous funds, has flown to China to test investor appetite for a potential comeback.

https://citywire.co.uk/investment-trust-insider/news/woodford-flies-to-china-to-test-waters-for-fresh-venture

Woodford flies to China to test waters for fresh venture

Which mug will trust him with their money now? :rotfl:

fun4everyone

In other news the Woodford Patient Capital Trust has been renamed to "Schroder UK Public Private" (SUPP).

Appears to have risen quite sharply in the last few days with some large director buys

Brian65

fun4everyone wrote: »

Lol, I thought there was no chance Neil Woodford could make a comeback. :

Oh I dunno. When we read about 'investments' that have turned bad, they are often run by people who have done a similar thing before. Storage Pods, Car Park Spaces, Hotel Rooms, Fine wines etc, the promoters invariably have a history. Just have to give it a fashionable name and keep their own name quiet.

dividendhero

fun4everyone wrote: »

Lol, I thought there was no chance Neil Woodford could make a comeback. :

I'll sell my home and contents and put it into Woodfords new fund :rotfl: