Woodford Patient Capital Trust share price sinks amid writedown September 13, 2019 Neil Woodford suffered a fresh blow today as shares in his listed investment fund dropped after it was forced into a writedown of the value of a holding. Woodford Patient Capital Trust’s (WPCT) share price sank 3.7 per cent in early trading after administrator Link marked down the unnamed holding. Read more: Woodford Trust and [...]
Fresh blow for Woodford as suspended fund’s holdings take hit August 23, 2019 Neil Woodford has suffered his third setback of the day after it was announced that his suspended Equity Income Fund (EIF) significantly underperformed its industry benchmark. Link Fund Solutions, which is managing EIF’s suspension, said the fund had declined 11.15 per cent between 3 June and 21 August. By contrast, the fund’s industry benchmark – [...]
Woodford share price tumbles as it devalues holding in cold fusion company August 23, 2019 Shares in Woodford Patient Capital Trust (WPCT), the listed fund of beleaguered stockpicker Neil Woodford, dropped over six per cent this morning after the company was forced to cut the value of one of its largest holdings, a controversial energy company backed by celebrities including Brad Pitt. WPCT said this morning that Link Fund Solutions [...]
Woodford failed to warn Hargreaves Lansdown of unquoted stocks breach June 19, 2019 Neil Woodford failed to warn Hargreaves Lansdown that his now suspended fund twice breached an investment limit in unquoted stocks. The fund supermarket had insisted Woodford Investment Management informed it if the equity income fund breached a 10 per cent limit. This followed concerns that the proportion of unquoted assets in the fund had increased. [...]
Patient Capital shares fall as Woodford troubles deepen June 17, 2019 Shares in Neil Woodford’s investment trust fell more than six per cent this morning after it was revealed that it sacked its advisor in a row over risky investment valuations. Woodford Patient Capital’s stock dropped this morning following reports that the listed trust sacked Duff & Phelps last year. Read more: Hargreaves Lansdown raised concerns [...]
Hargreaves Lansdown leads exodus from second Woodford fund June 13, 2019 Hargreaves Lansdown has led an exodus from Neil Woodford’s Income Focus fund adding to the trader’s woes following the suspension of his flagship investment vehicle. Woodford’s Income Focus fund has shrunk by more than £100m in less than two weeks, according to data from Morningstar. Read more: Woodford issues apology to suspended fund investors Assets [...]
Neil Woodford’s investment trust shares rise after slide triggered by fund suspension June 11, 2019 Neil Woodford’s listed investment trust’s stock rose this morning following a share price slide after the former star trader’s flagship fund was suspended. Shares in Woodford Patient Capital Trust were up more than eight per cent today. Read more: FCA chief Andrew Bailey calls on Woodford to waive management fees The suspension of Woodford’s Equity [...]
What you should make of Woodford’s unquoted asset sale March 7, 2019 | City Talk By Jemma Jackson from interactive investor. Here’s our take on Woodford Equity Income Fund’s sale of unquoted stock to Woodford Patient Capital. On Friday, we heard that the Woodford Equity Income (WEIF) has sold some of the portfolio’s individual unquoted stocks to Woodford Patient Capital Trust (WPCT) in exchange for shares in WPCT. Dzmitry Lipski, [...]
Star trader Neil Woodford’s fund reports healthy profits despite recent drop in assets January 9, 2019 Veteran investor Neil Woodford’s fund Woodford Investments has reported operating profit of £41.7m and paid directors £36.5m in dividends in the 12 months to the end of March last year. However, the accounts do not take into account recent outflows from the fund, and profits are likely to be impacted in the next set of full-year [...]
Neil Woodford’s Patient Capital Trust pays off as it invests three-quarters of IPO funds August 11, 2015 Given his success at Invesco, the decision by star fund manager Neil Woodford launch a solo venture was always going to have a risk attached – but it looks like it paid off, after his new fund, Woodford Patient Capital Trust, posted results showing it had already invested more than three quarters of the £800m [...]