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To achieve a high level of capital growth by investing worldwide in a diversified portfolio of shares in pharmaceutical and biotechnology companies and related securities in the healthcare sector.
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WWH has really started to recover with a further 1.5% gain in SP yesterday. (26.04.24) I’ve probably been OrbiMed's greatest critic over the past 12 months or so, but credit where credit is due, this trust has recently been on a roll. Long may it continue. I'm only 4.5% down now and in a much happier place. There might even be a danger that I'll venture into a positive return in the not too distant future! Keep it up OrbiMed.
Probably mis-timed, and partly through gritted teeth, but small add here for l/term. ah well.
Great to hear I'm not alone 🙂. Another good day today. Let's hope it continues.
Not all deaf ears.
I have seen this as a good entry point. In on the basis that I see it going above 335p this year
I've often criticised this trust for its performance over the past year or two, but fair play to the managers, this trust has staged somewhat of a recovery. My losses have been halved over the past couple of months as it appears biotech is on the cusp of greater investor sentiment. Long may it continue!
I know this post will fall on deaf ears as this board is just about as quiet as it gets but, hopefully, it may be of some use to anyone thinking about buying or selling. Good luck to all investors in WWH.
"The Board has proposed a final dividend of 24.0 pence per share in respect of the year ended 31 March 2023, such dividend will be paid, subject to shareholder approval, on 26 July 2023 to shareholders on the register on 9 June 2023. The associated ex-dividend date is 8 June 2023. The dividend is to be paid from the Company's revenue account.
For shareholders who wish to receive their dividend in the form of shares, the Company's Dividend Reinvestment Plan (`DRIP'), administered by Link Group , will be available. The last day to elect for the DRIP is Wednesday, 5 July 2023.
Following this payment, the total dividends paid for the year will be 31.0 pence per share (2022: 26.5 pence per share)."
Two blue days on the trot!
Apologies ftseexplorer, I've not been active on this board lately and even today when the numbers have turned blue (for a change) I've got one eye firmly shut with the other stuck well & truly in squinting mode! Ha ha. Yeah, this trust has performed very poorly versus it's peers. I bought both AZN & GSK (before the break up) and sold out once their respective share prices had gone into a small profit. I'll take a look at Polar... cheers for the tip by the way. On a separate note, I need WWH to hit £36 before I break even. Unfortunately, I bought quite a while ago at a high price.
Phyl, Polar Capital Global Healthcare Trust has grown 22% in the last year versus WWH at 3%. Might be worth a look - marginally lower yield but I guess we are here for capital appreciation.......otherwise holding the individual shares in AZN and GSK for example would be a much better yeild.
Unfortunately, it looks like the situation with this trust will only get worse. They have an over reliance on R&D which is the first to be cut back on any worsening economy. It's therefore likely to remain in the doldrums for a considerable amount of time. Sigh!
Thanks for responding... this board is hard work! More than can what be said about the fund managers we pay exorbitant fees to fail. As you say, pitiful dividend to add salt to injury. I know the market's are down but this just keeps heading south no matter what the market conditions. I don't know where these fund managers actually are? You might be lucky enough to watch one of their podcasts (filmed in the Maldives) informing us hust how good they are before returning to their sun loungers! Hahaha. You can only laugh at one of the biggest jokes on the stock market. Ever the optimist, I live in hope!
I wouldn't mind if the yield was better but it's pitiful for the health sector. I hovered over buying AZN a couple of weeks ago when it hovered around £102 - it's now over £112 which would have been a nice 10% ROI.
May have to rethink this holding as I can't see anything on the horizon that will be a catalyst upwards - only M&A which is obviously unpredictable
So much for the Telegraph. As a reminder, back on the 11th November, 2022, WWH was a share recommendation and back then, trading at £33.60ish. It's basically dropped £2 a share following their recommendation. I wouldn't be guided by the Telegraph going forward, that's for sure. As I write, further share price declines and this, despite their share buy-backs! Sick.
I might be able to answer my own question: a lot of investors pulling out... and who xan blame them!
WWH 2nd largest holding, Astrazenca up more than 3.5% and yet, WWH SP continues to fall as I write. (0.78%) Why???
Hi ftseexplorer, I can certainly say thay it's certainly been a challenge talking to myself! Ha ha. Really appreciate you responding. Thumbs up. Like you, I cannot fathom WWH poor performance and just when you think it cannot get any worse, it does. V poor and today brings no respite. AZN have just posted a profit and yet, this share continues to move downward. I initially bought it a few years ago as a more defensive stock but it's proved to be anything but! My own fault I know. I'm in too deep to pull out now as my losses would are too excessive so I have no choice but to hope for a recovery.
Phyl, I think you've done well to keep the chat going on here. I concur that this trust is dull and I cannot fathom why either.
9% discount to NAV and AZN being their second largest holding, which has had a good run, would lead me to think it should be performing better. Defensive nature of healthcare also stands in its favour.
I keep holding expecting some consolidation in the sector to go in our favour.
And that's saying something!
WWH is one of the worst performing trusts in my entire portfolio as I'm sure it is for a great many others. Can't fathom out why. I refuse to sell at such a loss though so long term hold really does mean long term hold.
WWH is one of the worst performing trusts in my entire portfolio as I'm sure it is for a great many others. Can't fathom out why. I refuse to sell at such a loss though so long term hold really does mean long term hold.
Anybody out there?
Incredibly, The Telegraph are recommending WWH as a buy. Perhaps they feel it's a good trust in a recessionary environment.
Having gone one step forward its 3 steps back today. Bloomin typical of WWH!
Even though it's still languishing in the doldrums it's been a much better day today for the SP. For those of the many posters (not) on this board, the WWH October overview is a good watch. The CEO speaks with a great deal of bullish optimism. We'll see.
Down yet again... can't understand why this stock cannot for the life of me gain traction? It's supposed to be quite a defensive trust. It's anything but. No rhyme nor reason for the continuing falls.