Woodford Concerns

Johnnyboy11

StellaN wrote: »

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.

Sub 55p this morning, ouch!

JohnRo

Johnnyboy11 wrote: »

Sub 55p this morning, ouch!

getting close to the start of my (top up) entry point, here's hoping..

Reaper

I wasn't planning to buy until things get a bit more settled but if it keeps dropping eventually I may be unable to resist.

JohnRo

Reaper wrote: »

I wasn't planning to buy until things get a bit more settled

So will everyone else (that's interested)

These are the times to be buying if you ever planned to for the longer term.

itwasntme001

Reaper wrote: »

I wasn't planning to buy until things get a bit more settled but if it keeps dropping eventually I may be unable to resist.

Are you buying because you think the investment is sound at current price levels (or lower) or are you buying purely as a punt (hope and see what happens)?

george4064

I'm also tempted at these low levels, perhaps the NAV figure is coming under greater scrutiny and therefore the discount to NAV is perhaps not as accurate as what many people think.

cogito

The problem is the sheer impossibility of valuing some of the stocks. IH - zero but the others? I wouldn’t buy at any price. There are many better punts out there.

Jonbvn

JohnRo wrote: »

So will everyone else (that's interested)

These are the times to be buying if you ever planned to for the longer term.

Some Buffet quotes that seem appropriate

"Widespread fear is your friend as an investor because it serves up bargain purchases."

"The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table."

"Only when the tide goes out do you discover who's been swimming naked."

AnotherJoe

dividendhero wrote: »

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

Some of them have better prospects than some of what he's bought.

Even at worst you can drink the wine, eat the ostrich, and cryptos been up recently.

EdGasketTheSecond

Keir announced today that they are no longer paying a dividend. So Woodford's 16% holding won't be much use in an Income fund. Also Kier value very low over the last two trading days; almost halved, so another blow for Woodford.