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It is no jolly party though.
Sub 40 this week and the possibility of a 30p bottom out, I think the BOD have left it too late to act with WIM.
How ironic that IH's results will be enlightening as it will be the first time their company has generated energy.
What I enjoy the most is that IH appears twice in the top 10 holdings, at 6.74% and 2.97%.
IH Holdings Int - next accounts due to be filed by 30 September 2019. Should be "enlightening"
A certain party is putting assets out of reach?
Susan Searle (Chair)
Dame Pamela Louise Makin
These people should be held to account as well as Woodford.
"New management may wind the company down and pay back share holders over time..."
OK, how would new management sell the holding in IH? What value would you give to IH? See my post below. If you can find a website, address or recent press releases for IH you may be able to estimate the value of that company... or not.
Guys my position is looking to buy since IPO but not tempted enough...yet.
Tobin - good luck and a brave move and I hope it pays of like buffet and the Bank of America. Switch off from these forums as they are all day traders. Don't add any more imho but give it like the of time. Instead buy lindsell Fund (not the trust) and VMVL. Join the forum Citywide Fund Insider.
It amazes me how people in these forums think they can predict the shaprice. The management could be replaced by the new buyer that could cause the shaprice to go up, but equally the bear case is true keeping you locked in for years. New management may wind the company down and pay back share holders over time representing some upside but over time.
Industrial Heat LLC was nearly 6% of WPCT's portfolio as at 30 April 2019. Apparently based in Raleigh, N Carolina.
Can anyone find a website or address for that company?
Any recent press releases regarding development of cold fusion by IH would also be of interest or any news from 2018 before Woodford revalued his holding in IH upwards by 357% in September 2018.
NO even a tea fusion needs to be hot
do you believe in cold fusion?
a lots changed since 25 feb 19 , does not alter the fact many of his investments are worthless, not even N W is prepaired to leave his own money in this WPCT , good luck!
Think you might have got this one wrong. The sp is falling in a methodical way and so no panic selling yet. This will probably happen and you will get a 50% down day to clear out all the loose holders( which i presume there are many including large institutions. They will get the nod from senior management to clear the decks and thats when it will get really nasty. just death by a thousand cuts at mom.
Bought my first WPCT shares at 54p, but much more heavily today at 45p. Interesting my IG account shows most investors there are long (70%). I would have expected majority being short, (you can always buy the shares if you want to go long).
Discounts in ITs dont usually get bigger than this, and usually represent fear. My usual experience is its a time to buy.
Just spent 2 hours watching Warren Buffett interview, probably has influenced me. https://www.youtube.com/watch?v=Pqc56crs56s
Pete, this share is independent of the underlying investments and therefore the Patient Fund will not be "closed" in the way that withdrawals from the Equity Fund are currently suspended
Ah yes, good to see the proceeds of yet another round of investor fleecing !
That Neil Woodford ponzi scheme is going through the roof !!!
Or should that be the floor !
Agree with this, nearly at 40% discount on NAV, wonder how much of that is due to his name
Drop the Woodford association
Comments from Link and JPM gives an insight into Woodford for the lack of trust and being devious in communications - suggests he is toast and this trust may have to close as selling off increases.
thank god for Terry smith more than covering my losses here ! DYOR
Will the last one out turn off the light
read the comprehensive ADVFN platform threads and do not take notice of this NAV compilation, undeclared devaluations in the pipeline.
The whole Woodford trust and fund involvement looks a massive looming scandal. I moved from his funds over the last two years thankfully and invested much in the areas he was avoiding. I was looking to buy back in WPCT but even in a new manager the foundations and investments need renewing, beyond repairs IMO.
Being more a contrarian investor, what are people’s thoughts here. 90p down to 50p over last 6 months - over-reaction to Woodford’s problems elsewhere? NAV reasonably higher then current price. Possible new (and better) managers coming in.
Considering whether to invest a little (speculation and understand risk).
All responses appreciated. SR
if you clink the link you have to register with ft alphaville. but if you cut and paste the link into google search, the ft article should open