Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi Meaningful . Yes you are right, we really just don’t know how the run on Woodford will affect us once doors open. I did read some article suggesting the more liquid stocks would be able to keep up with redemptions, I guess the fund will eventually settle as its oversold. Unfortunately the only way is to sit it out. Or take a punt, sell and buy back lower (risky) or if funds are available try and average down significantly if the SP drops further. RE the director buys. My Speculation!! since we know SH is on the Woodford patient fund board, would this put all the CIR bod under the insider info umbrella and preclude them buying? Because they would have known about this in advance 100% On the flip side director buys and shareholders will be shouting out they knew this would happen -AIM is corrupt call in the FCA. It’s unsettling but at least we know why it’s happening and can try to make the best of it.
Agreed PP10, but Woodford has quite a few CIR type companies in the portfolio so all adds up,(£) and we don't actually know what is going to happen once he re-opens the bank doors. If I was in Woodfords fund I would be leading "the run on the bank". or "The charge of the heavy brigade" LOL.
I know we all keep going on about it, but I am even more nervous now as it appears non of the 6 board members are buying, not even Julien Cotta, CFO.
He has made 500m available by the recent fire sale. If that holds back the selling spike then we are prob ok. It won’t be easy taking money out of CIR as it’s relatively illiquid on that volume, he would hardly get anything from it and the SP would absolutely tank, maybe sub 10p. Be great if AZ would step in. Agree with the posts on here that CIR is caught up in very unusual circumstances. Oppenheimer fund pulled out 10% before Woodford, add the alarm bells of the Woodford fund and here we are 15-16p when we should be 30p + absolute min. It is a great buy opportunity but keep in mind what’s going on. That being said this will eventually sort itself and head back North assuming CIR stays on track. GL all
Mr Woodford is a passive investor. However, he needs to raise cash now & in the medium term. He has been charging £100000 per day management fees. His other income is from reliable dividends such as Barratt. So two train of thoughts, either he sells his non income producing shares such as CIR which will not offer an income now or medium term. Or, he sells his high value dividend shares to be left with a big box of maybes. (desperate times call for ?). Does he really have a choice unless he is seriously in bed with someone.
THE EMPERORS NEW CLOTHES, By, Harris & Woodford Limited.
Mr Woodford is a passive investor. However, he needs to raise cash now & in the medium term. He has been charging £100000 per day management fees. His other income is from reliable dividends such as Barratt. So two train of thoughts, either he sells his non income producing shares such as CIR which will not offer an income now or medium term. Or, he sells his high value dividend shares to be left with a big box of maybes. (desperate times call for ?). Does he really have a choice unless he is seriously in bed with someone.
THE EMPERORS NEW CLOTHES, By, Harris & Woodford Limited.