Woodford Concerns

dividendhero

AnotherJoe wrote: »

If Industrial Heat can be valued at £110M why would you believe the valuation of anything else made by the same jokers ?

If Industrial Heat worked, it'd be more valuable than Apple, Aramco & Exxon Mobil combined. But it doesn't, so a more realistic value is £0

itwasntme001

I remember buying purplebricks stock a year or two ago - another one of Woodford's holdings. I sold it a few months later after for some reason deciding its not worth the risk, got out at roughly flat. Now its down so much that had i kept it i would be down around 70-80%. Meanwhile Woodford held onto it. The stock is down for very good reasons - it is a flawed business model. How on earth can Woodford be this stupid to hold !!!! like purplebricks??

Alexland

arnoldy wrote: »

Yes good advice. But I'm struggling for any Logic for NOT selling the HL MM funds where they have one seventh and possibly/probably rising exposed to the falling knife of the WEIF.

I struggle to see why anyone informed would want to hold HL fund(s). Woodford was just one of many reasons I wouldn't have given them any serious consideration.

Alex

fun4everyone

Financial Times reporting WPCT is the most shorted stock in the 350.

bowlhead99

itwasntme001 wrote: »

I remember buying purplebricks stock a year or two ago - another one of Woodford's holdings. I sold it a few months later after for some reason deciding its not worth the risk, got out at roughly flat. Now its down so much that had i kept it i would be down around 70-80%. Meanwhile Woodford held onto it. The stock is down for very good reasons - it is a flawed business model. How on earth can Woodford be this stupid to hold !!!! like purplebricks??

Grow up. If it is a "flawed business model", why did you buy it?

Ridiculing others after you decided to sell because you personally didn't like the risk/reward is just being petty. If Woodford is selling at the current price of a pound or so, having bought pre-IPO at less than half that, he's making money. I expect he doesn't much care that you didn't make money because you decided to pay ten times his purchase price even though you didn't like the risk. He would write you off as an idiot.

fun4everyone wrote: »

Financial Times reporting WPCT is the most shorted stock in the 350.

Something always is.

If the shorting continues, a lower price may become available. It doesn't mean that money can't be made from the current price, especially over the long term. And note that for a shorter to make money, they have to become a buyer.

MaxiRobriguez wrote: »

At what point does WPC become a viable investment despite/considering possibility of contagion? Price at ~75% of NAV currently.

It can be a viable investment at a range of prices depending on what the investments - or future investments acquired for the portfolio - sell for.

If it helps, I mentioned paying 66.5p to add a few thousand shares to my pension earlier this week. On Friday my Dad added some to his ISA at 63.18p.

AnotherJoe

bowlhead99 wrote: »

If it helps, I mentioned paying 66.5p to add a few thousand shares to my pension earlier this week. On Friday my Dad added some to his ISA at 63.18p.

bowlhead99

AnotherJoe wrote: »

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I find it best to use the handle.

I don't think buying for the long term at a price in the mid 60s is a big problem ; while the price has been drifting down, it's best to assume you won't catch the bottom, and a 15-20%+ discount to NAV for unlisted holdings isn't out of whack with other investment trusts in recent years.

Clearly there is risk and it is not a one-way bet, which is why we are only putting in thousands as a small part of a portfolio, rather than tens of thousands. No need to bet the farm.

woolly_wombat

bowlhead99 wrote: »

Grow up. If it is a "flawed business model", why did you buy it?

Ridiculing others after you decided to sell because you personally didn't like the risk/reward is just being petty. If Woodford is selling at the current price of a pound or so, having bought pre-IPO at less than half that, he's making money. I expect he doesn't much care that you didn't make money because you decided to pay ten times his purchase price even though you didn't like the risk. He would write you off as an idiot.

I'm sorry to have to say this, but that comes across as exceptionally arrogant.
That remark does you no credit bowlhead99.

AnotherJoe

I find it best to use the handle

.

Hard to catch precisely when it's falling though.
Fair enough it's a punt, my thought, since they arbitrarily updated IH by nearly 4x when it should patently be worth nothing unless they are simply holding it on a Greater Fool basis*, have they done the same with the other stuff in their portfolio? If they can't see they have been taken for a ride here, what about much more complex tech- look at how long Theranos got away with smoke and mirrors -
I don't know what its worth if you stripped away all the startups and IH, might be worth buying on that NAV if it can be estimated. I presume there are some "normal" investments in there somewhere.

*in which case sell it fast !

newatc

I've kept away from Woodford in my personal Stock ISA but a few years back decided to move my wife's Stock ISA to HL Portfolio as a "leave it, no maintenance" for her particularly when I depart this mortal coil.
I was always disappointed with it's performance (even knowing of the higher fees) which I felt was dragged down by it's exposure to Woodford. Then as I educated myself by reading this forum I concluded I had made a mistake and got out earlier this year and moved to largely multi-asset trackers. When I checked last week I reckon the portfolio had fallen by 3% percent since the swap out while her new mix had gained 3%..
So thanks for all those with more more expertise than me who take time to post and share on this board.