Woodford Concerns

gadgetmind

cogito wrote: »

None, AFAIK. Why?

OK, which funds do they have concerns about now, that they are keeping quiet about, but in 18 months time they'll say "We had concerns 18 months ago yadda yadda ..."?

dividendhero

arnoldy wrote: »

I think they really don't get it and how much they have lost the trust of public.

Nobody's ever questioned HL's service, it really is top class. But this Woodford saga is a bit like Waitrose being caught selling horsemeat :eek:

fun4everyone

MK62 wrote: »

Neil Woodford is still rated by Trustnet as one of their Alpha managers, despite being bottom quartile for 5 years vs his peers....

Perhaps time for a rethink of their methodology as people might start to view the "rating" as utterly meaningless, unless they already do.....

Yet another scam.

cogito

gadgetmind wrote: »

OK, which funds do they have concerns about now, that they are keeping quiet about, but in 18 months time they'll say "We had concerns 18 months ago yadda yadda ..."?

Look. If a novice like me could figure out three years ago that there was a lot to be concerned about with WEI, it isn’t really all that difficult to look under the bonnet of the others and work out whether or not you want to invest in them.

Many other commentators were also dubious about the fund and you can be pretty sure that if any of the other funds have problems, we would be reading about it in the press.

short_butt_sweet

dividendhero wrote: »

Nobody's ever questioned HL's service, it really is top class. But this Woodford saga is a bit like Waitrose being caught selling horsemeat :eek:

a few years ago, people were laughing at the idea that HL could get away with "waitrose pricing". now they accept that, but don't like them selling horsemeat. in a few years time, everybody will love their horsemeat, but complain about them putting acid in their mineral water

Johnnyboy11

Telegraph article: Neil Woodford fire sale tops £169m as fund manager battles to reshape portfolio

Amigo Loans, £57m, goodness me...

MaxiRobriguez

Selling off the mid-caps is going to raise the proportion of unlisted dodgy holdings within the portfolio.

Any potential buy in price I was toying with the idea of has now dropped 10%, although the "don't bother at all" voice in my head is growing.

Zola.

https://www.telegraph.co.uk/investing/funds/vanguard-lifestrategy-brexit-has-stopped-us-cutting-back-british/

LHW99

Not quite sure why HL is putting pressure on, when they couldn't / didn't take a proper look earlier on.
https://www.thisismoney.co.uk/money/markets/article-7164533/Hargreaves-tells-Woodford-repay-savers-frozen-fund-soon-possible.html
Stables, doors and horses come to mind.

talexuser

This bilge from HL smacks of pure hypocrisy. Their fingers are all over the Wealth 50 stuff after virtually every other platform had issued a sell, some a long time ago. The situation is simple, get a smaller amount of money back now, or give Woodford a chance to wind things up in an orderly manner, and hopefully get some more money back some time later.

We are in the reputation damage stage of HL PR puff now, on the side of our customers (which please now forget we misled), bail our customers out quick, preferably before anyone else.