Woodford Concerns

Malthusian

newatc wrote: »

In a year's time they will showing stats on how the then "current" Wealth 50 has done over the last 5 years without drawing attention to then forgotten Woodford fund losses.

A bit like "copytrading" outfits showing how well their top 5 traders have done over the past month and implying that you'll make 100% a month by copying them. Only the timescale is different.

Johnnyboy11

Reaper wrote: »

Well... actual only one on the investment team. Lucinda Crabtree has a PhD in Pharmacology, so not much help for understanding cold fusion.

Source

I once interviewed a Doctor who used the post nominal letters PhD, ABD after his name. Going great until I enquired what the letters ABD stood for. "All But Dissertation" came the response!

StellaN

Johnnyboy11 wrote: »

WPCT can be owned for 58 British Pence today, for those with a penchant for risk...

I noticed on the HL website (for the trust), that somebody bought nearly £600K worth of shares this morning, they paid 59.20

I'm still considering whether invest a small sum although I understand the problems with some of its holdings such as IH but there are a few holdings that could produce some value.

Scarpacci

Another big drop in Kier, down 35% today. According to the last filing, Woodford owns 15% of the company.

I'm sure he'll be along to tell us the problem is just that the defensive stocks are overvalued. If he thought the UK domestic stocks were the most undervalued he's seen in thirty years, he must be downright giddy now. They just keep falling.

Thrugelmir

Scarpacci wrote: »

I'm sure he'll be along to tell us the problem is just that the defensive stocks are overvalued. If he thought the UK domestic stocks were the most undervalued he's seen in thirty years, he must be downright giddy now. They just keep falling.

Broking houses will know that WPCT needs to liquidate holdings and will mark down prices accordingly. Buyers market. There's no sentiment.

itwasntme001

Stay away from all things Woodford - he is toxic!!

itwasntme001

Thrugelmir wrote: »

Broking houses will know that WPCT needs to liquidate holdings and will mark down prices accordingly. Buyers market. There's no sentiment.

If they mark down prices due to Woodford selling the stocks off in the near future, then it is due to the amount he holds vs the liquidity/volume in the shares traded daily.

Thrugelmir

itwasntme001 wrote: »

If they mark down prices due to Woodford selling the stocks off in the near future, then it is due to the amount he holds vs the liquidity/volume in the shares traded daily.

Large lines of stock will get placed off book. As not to disrupt the market too much. Some of the holdings represent a significant % of the issued share cap

itwasntme001

Thrugelmir wrote: »

Large lines of stock will get placed off book. As not to disrupt the market too much. Some of the holdings represent a significant % of the issued share cap

Agree which is why i said earlier Woodford is toxic!! He may have bought a lot of crappy companies but his main problem was buying large stakes in companies relative to shares outstanding. That maybe impossible to do given his strategy but then why use open ended funds if you are going to do that?? Crazy and foolish.

dividendhero

itwasntme001 wrote: »

That maybe impossible to do given his strategy

Not sure he had a strategy, it seemed to be a case of winging it. Everything from him having a bash at being an active investor (NSF/PFG) through to early stage startups suggested he was either desperate or bored with conventional UK income fund management.

I guess at least he didn't invest in airport car parks, fine wine, crypto currencies or ostrich farms