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Another independents audit has knocked fourpence off the NAV
Q3. It isn't.
I presume it is still Woodford and his cohorts
So who is running wpct?
"WPCT has agreed to make no further investments during this time without the prior consent of the lender (such consent already provided in relation to certain existing commitments). "
See today's rns for details
Problem is no one really knows what value to put on these holdings, with everyone against Woodford any thing they own is marked down at the moment. With the NAV at 71p it can be reduced by 40% and still be equal with the SP. We have lost money here and feel Woodford thought he was invincible and may have just bought for the sake of it. This trust may not have been as bad as the other one so it could be worth a further punt. Once the board has sorted things out and they announce what their future investment policy will be it is an unknown quantity until then.In the meantime money that was earmarked for here has gone to WKP and PSDL who were very under priced at 805p and 285p With WKOF earmarked in front of WPCT
Re posts below- both Raleigh US addresses for Ind Heat appears to be at best office premises shared with Cherokee, or maybe just mailbox addresses.
Q1 Is there any website detailing actual research/industrial premises where cold fusion experiments could take place?
Q2 Alternatively is there any information on joint venture partners with Ind Heat who are conducting this research?
Q3 If not, how is the valuation of Woodford's holdings in IH justified, in particular the increased valuation of IH and resulting NAV increase to 99p of wpct in the 21 Sept 2018 RNS following the revaluation of its holding in IH by 357% ?
I've always been a big follower of woodford since starting investing in funds and such like and have always been an admirer.
But sadly he has completely lost the plot this time and has had no care or attention with his investment choices. The amount of poor buys and disasters that have consequently happened after has invested within them cannot just be bad luck its just poor judgment . Very disappointing and believe this will finish him off.
One of Woodford biggest failures Prothena has been sold. He will apparently have recouped $60 million this was in 2 chunks. Overall on this lost $300 million. He has certainly lost his touch and has taken huge unnecessary risks with other people's money. I wonder what changed him from a wunder kinder to an abject failure.
Try one pm they deal with sme quoted and you can look them up here. Recommends by investors chronicle
I agree that there are too few investable companies. But that is the fault of the financiers who only want to lend to people with big egos instead of more humble people....nor did they learn anything from "too big to fail in 2009. Business is all about knowing good ideas from bad ideas - but financiers seem to want to lend to bullies. Instead for society to be healthy they ought to be lending to people who come up with better ways of doing things, better services, or better products.
But whenever I approach people with my business ideas they won't lend me the necessary money. I agree that there are too few investable companies. But that is the fault of the financiers who only want to lend to the biggest companies....they didn't learn anything from "too big to fail in 2009" - they still think being big means lower risk when in reality the size of a company has nothing to do with the risk to your capital - business is all about knowing good ideas from bad ideas.
Major investors in the company, which has seen its market capitalisation fall to £192 million, include British money manager Neil Woodford, who this month suspended his flagship fund.
There is also too much fraud and corruption happening - it will make society so unstable it will fall to pieces like shaking a dried-out badly made table.
There are too many companies trying to make money out of the Stock Market and investments for the average man in the street with pension and retirement funds ,The biggest problem ive seen for years is there are not enough investable companies out there this is now showing with Woodford .The Big Bang is very close ... GLA in here
Heading for the one of the biggest financial scams? The regulation and oversight is clearly insufficient.
Some Bank Holiday reading. dyor
oh! that is a uk co - it's the right one as the director is T Darden.
Go on Companies House (free to search) just look at the last accounts / balance sheet filed 3 oct 2018 for y/e 31.12.17.
Note the filing date was after the wpct rns of 21.9.18 which revalued the IH holding upwards by 357%.
The S.West Street address looks 'interesting' on street view- a small 'lock up' maybe.
That phone number you give is shared with Cherokee Newport Beach LLC and 'Cherokee ' investment company.
So IH doesn't even have its own telephone number?
The holding company is IH Holdings International Ltd, address different from yours 310 S. West Street Suite
100 Raleigh, North Carolina, 27603
Phone 919-743 2500
mytton as I have mentioned the valuation is done by an independent company. The guy has been found out. His strategies post success is flawed. Find the gems is in his portfolio that have been shorted... Though he has recently hidden his holdings there are ways.
The increased valuation of IH and resulting NAV increase to 99p of wpct in the 21 Sept 2018 RNS following the upward revaluation of its holding in IH by 357% is the torpedo which will sink Wpct.
Wpct was subsequently the most widely bought trust in July 2019 on the Interactive Investor platform.
Anyone buying wpct after the rns of 21.9.18 should claim compensation as the NAV is based partly on the spurious valuation of IH.
Mentioned I have been looking at this since IPO waiting for a buying opterunity. And right now it must be time to stop following this unless I short. I don't do short so I must walk away. Buying some more Lindsell Train on Tuesday, but if anyone is looking for a genuine reversal of a bomed out stock then possibly... possibly... then *risk* some money on The AA PLC to turn around and could provide 100 percent upside within 2 years... or not, nobody can predict with certainty but WPCT has even more pain to come.
The companys are valued "independently" fwiw
Ind Heat has no website and apparently no factory/research facility that I could find. Its address is an office at 111 East Hargett Street Suite 300 Raleigh, NC 27601 - also the address of Cherokee, the co of Tom Darden, director of IH.
According to E-cat world 21.9.18:
"Industrial Heat has been providing funding to other researchers working in the LENR field. As far as I know there is no published document available listing exactly who Industrial Heat is supporting in the LENR field. "
Does anyone know if IH has factory/research premises or who its research partners are?
How does Woodford justify the increased valuation of IH in Sept 2018?
How did a so called professional end up taking huge positions in illiquid stocks which cannot be sold without trashing the SP? It's difficult enough for the average PI to sell a couple of £'000 holding in a small cap.
Also, it's a recipe for disaster to borrow short term and lend long term in banking. Woody is in a similar situation with short term borrowings and stocks that cannot be quickly sold without value destruction.
Oh, he apparently paid 140-160 for ESL too.