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.
I cant believe Schroders would take this over and then watch people bail out, surely a company of there standing would not get involved if that was the case,
A reputation takes a lifetime to build and a few seconds to destroy.
I am sure if you are in this for the longer term you will be okay here, Schroders know what they are doing and they must see positives in the trust otherwise why bother.
The small time traders on here (quick £200 ) will no doubt have othere views as always.
peggy, there probably are a few positives.
But don't you believe the likes of IH are worth little or nothing?
Or Versaeon and Benevelent AI are struggling?
If not, fair enough, it's your choice.
But Scroders will have to continue to pile money in if they think they're good companies.
And I don't see that happening, because the money isn't there and they couldn't possibly buy at the same price of their relevant NAVs anyway.
And that's before the bank covenants.
Their reputation means they have to get this right and come clean, imo.
Oh, I wasn't here for a couple of hundred quid either.
I put serious money in here, very early on, with the view to it being a long term investment in my SIPP.
I got seriously burned and pulled out, because I listened to what was being said.
I then entered again and got burned again, because of the massive underperformance.
Then I realised the truth, simple, in that Woodford was frankly lying, imo. I wouldn't go so far as to say he was doing it to benefit himself, but the fact that he did is convenient.
Not everyone who thinks this trust is an utter dog is a trader and to insinuate that is poor.
"and they couldn't possibly buy at the same price of their relevant NAVs anyway."
To clarify, I mean they'd have to buy at the massively over-priced NAV, which goes back to my perpetuating point or put money in at much more reasonable prices, which will see the companies written down massively.
"Schroders know what they are doing"
Well, true, they have a small cap UK fund which has a good performance. Already presumably full of good companies, and with a believable NAV. So, why wouldn't you sell WPCT and buy the Schroder equivalent rather than wait for all the garbage in WPCT to be dealt with?
Sure, the NAV of WPCT *might* be worth more than its current price - but then again maybe its worth substantially less. When Shroders revalue theres certainly going to be a big shock coming thats for sure, so if you hold you'd better hope its well above the current price (not NAV). Flip of a coin you might say. I'd say they will be harsh so they can get an upside later. Harsh coudl easily be lower than current price.
Depends if you are an investor or a gambler i suppose. Good luck whatever you do.
zzzzzz - what a lot of waffe, toast; full of ifs buts and maybees, and then you categorically state "When Schroders revalue theres [sic] a big shock coming that's for sure". You simply cannot make statements like that and be correct at this time. You do not know and nor do I. You are making yourself look silly.