Woodford Concerns

EdGasketTheSecond

Are you averaging down on Patient Capital bowlhead99?

dividendhero

I know it's in the Daily Mail, but this story seems solid

https://www.thisismoney.co.uk/money/markets/article-7144923/Why-fallen-fund-giant-Neil-Woodford-allowed-invest-firms-run-circle-associates.html#comments

"Woodgate" seems to get deeper by the day, technically it all seems legal but is well dodgy :eek:

bowlhead99

EdGasketTheSecond wrote: »

Are you averaging down on Patient Capital bowlhead99?

No. Neither am I bailing.

I might have another look at 50p, as mentioned in #508.

Alistair31

dividendhero wrote: »

I know it's in the Daily Mail, but this story seems solid

https://www.thisismoney.co.uk/money/markets/article-7144923/Why-fallen-fund-giant-Neil-Woodford-allowed-invest-firms-run-circle-associates.html#comments

"Woodgate" seems to get deeper by the day, technically it all seems legal but is well dodgy :eek:

I’d trust Neil Woodford about as much as I’d trust Michael Gove right now...

Malthusian

dividendhero wrote: »

I know it's in the Daily Mail, but this story seems solid

https://www.thisismoney.co.uk/money/markets/article-7144923/Why-fallen-fund-giant-Neil-Woodford-allowed-invest-firms-run-circle-associates.html#comments

Most recent comment on the Speak Your Branes section: "Anyone here involved in the StoreFirst fiasco??"

:doh:

"Woodgate" seems to get deeper by the day, technically it all seems legal but is well dodgy :eek:

At time of writing London Capital & Finance is all legal. Four arrested, nobody charged. So "all seems legal" is a very low bar.

[Deleted User]

All sounds like the plot line for Series 5 of Billions (on that note I need to revisit Series 1 again)

Johnnyboy11

Will the Woodford Whale be back this morning, WPCT @ 52p...? Usually surfaces about 11am.

AnotherJoe

masonic wrote: »

Motley Fool always releases 2 articles with opposite opinions. Whatever happens, they'll be able to point back to a story where they called it right. You'll have to pay for their extortionate share-tipping service to find out what they really think.

Good points but The difference between the two articles is that the "buy more" one is just opinion along the lines of "it's gone down so it's worth a punt" , the "don't touch with a barge pole" article actually has numbers to back up with the NAV is a fantasy. Seems much more persuasive to me,

SeniorSam

Get some sleep then. Although it's one fund, just look at how many companies there are in that one fund. Even though it is unlikely to be as good as before and you will probably take a loss on that fund, diversification elsewhere in the future would be best. I have 5 funds and some have done very well indeed, whilst others are so-so. Even when there is a downturn as in the latter part of last year, I was confident that in a few months they would be back up again and that has proved correct. I try and keep some cash available so that in bad conditions, I have the opportunity to buy more at lower prices and convert to some cash when performance is good. Forget your fund and check again in 3 months time. You probably wont be so disappointed by then, but then it would be good to diversify more. £50k is not a huge amount to have in one fund, particularly with those managed by Nick Train.

MaxiRobriguez

AnotherJoe wrote: »

Good points but The difference between the two articles is that the "buy more" one is just opinion along the lines of "it's gone down so it's worth a punt" , the "don't touch with a barge pole" article actually has numbers to back up with the NAV is a fantasy. Seems much more persuasive to me,

I thought the NAV couldn't (accurately) be estimated, which is why we were avoiding it in the first place?

Let's face it, very few people even the experts are going to struggle to accurately calculate the true NAV given the complex mix of illiquid investments, niche companies, selling pressure brought on by Equity Income needs, potential grey-area investing in associates companies, lack of board oversight yada yada yada.

The path of least resistance is down I'd agree in the short term. That doesn't necessarily mean that opportunistic investors cannot consider prices to buy in at, if they're feeling particularly ballsy.