Schroder UK Public Private Trust Plc (Formerly WPCT) - HOLD or SELL?

mcooke999

I originally bought as a 'wildcard' in my portfolio as a bit of a gamble/'fun'. Obviously I only put in what I knew I could afford to loose but liked the fund due to the performance related fee structure... However, I'm currently at approx. 60% loss on this, luckily I only invested £500 into the fund which is now worth about £200...

I'm interested to hear what other people think about the future of this fund now that Schroder's are managing it and whether or not I should cut my losses or hold for a recovery?

Ps: I know no one has a crystal ball but I'm just interested in what you guys think.

AnotherJoe

It was filled up with crap by Woodford and it still mostly contains crap, with a NAV that's inching down day by day brought to you courtesy of Link. A bunch of equally incompetent no-hopers who for example randomly upgraded the worst holding  that Woodford was duped into buying (IH, worth literally zero) by 3.5x over what Woodford paid for it despite nothing happening with the company, and then later randomly downgraded it again but obviously not to zero because that  would be a bit embarrassing after a valuation at cost and then a 3.5x upgrade.  So why believe any of their other valuations, eg why believe the NAV at all ?

The fact that Shroders are managing it is irrelevant, except they are now (or will be) taking a management fee.

They cant turn crap into gold,  and they cant sell it and buy anything else either.

At least most other funds you might buy wont contain this sort of worthless junk to start with.

If you'd like to recover some of your money, sell it all and buy Tesla shares. Good chance they will increase by 50-100% this year.

EDIT: Sorry missed the fact that you only put £500 in it, now £200. So you cant buy even one Tesla share. Oh well.  Just pool it with another investment you like you already hold.

george4064

What proportion is that £200 in WPCT compared to your total portfolio worth? 

mcooke999

george4064 said:

What proportion is that £200 in WPCT compared to your total portfolio worth? 

Less than 1%

Thrugelmir

As a wildcard punt now valued at £200. Might as well sit on the holding and forget about it. Might be a diamond in the mud. 

its_behind_you

Thrugelmir said:

As a wildcard punt now valued at £200. Might as well sit on the holding and forget about it. Might be a diamond in the mud. 

A valid approach.

OTOH, sometimes it's nice to be shot of a disappointing investment.

So take your pick.

Sailtheworld

If a share is purchased for a fun and it continues to deliver fun times then it sounds like a keeper.
I bet the OP wishes he'd put £1k in for twice the laughs.

Thrugelmir

its_behind_you said:

Thrugelmir said:

As a wildcard punt now valued at £200. Might as well sit on the holding and forget about it. Might be a diamond in the mud. 

A valid approach.

OTOH, sometimes it's nice to be shot of a disappointing investment.

So take your pick.

For a larger sum personally I'd sell up and reinvest. £200 is nothing in the bigger scheme of a portfolio.