Woodford Concerns

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:

dividendhero

fun4everyone wrote: »

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

A bit like the Windscale nuclear power plant changing it's name to Sellafield?

talexuser

dividendhero wrote: »

A bit like the Windscale nuclear power plant changing it's name to Sellafield?

Same PR as Townsend Thorensen to P&O, but here at least the management have actually changed.

[Deleted User]

Hi All,


I've read this whole thread from Page 1 (all 84 pages of it!) with fascination. Yet again MSE forums proven to be invaluable source of knowledge, expertise and advice for everyone. Thanks to MSE forum users suggestions, I managed to get out from Woodford before it got suspended. Thank you all.


Has there been any news, any highlights since last posts in December? I've read few news online about payout day for investors in gated fund being this month.

jamei305

fun4everyone wrote: »

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



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



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

Going by past performance, after his first "exploratory meeting with investors interested in early-stage assets" in December he went and bought a majority stake in Wuhan Huanan Wholesale Seafood Market.